Tenaris SA 2020 SR
The report highlights Tenaris's performance and strategic response during the challenging year of 2020, marked by the COVID-19 pandemic and a downturn in the energy sector. The company implemented a comprehensive health and safety plan, established a USD 6.2 million community support fund, and achieved a 25% reduction in its fixed cost structure. Notably, Tenaris's Board of Directors approved a medium-term target to reduce its carbon emissions intensity by 30% by 2030 compared to a 2018 baseline, introducing an internal carbon price of USD 80 per ton. Despite a 29% decline in net sales, the company generated USD 1.3 billion in free cash flow and maintained its commitment to local communities and educational programs.
Company: Tenaris SA
Sector: Energy
Country: Luxembourg
Year: 2020
Type: SR
Pages: 88
Tenaris SA
Sustainability Report
The report highlights Tenaris's performance and strategic response during the challenging year of 2020, marked by the COVID-19 pandemic and a downturn in the energy sector. The company implemented a comprehensive health and safety plan, established a USD 6.2 million community support fund, and achieved a 25% reduction in its fixed cost structure. Notably, Tenaris's Board of Directors approved a medium-term target to reduce its carbon emissions intensity by 30% by 2030 compared to a 2018 baseline, introducing an internal carbon price of USD 80 per ton. Despite a 29% decline in net sales, the company generated USD 1.3 billion in free cash flow and maintained its commitment to local communities and educational programs.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Mar 29, 2021
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Women in Management
Workplace Fatalities
Employees