Tenaris Releases 2023 Sustainability Report Tenaris has unveiled its 2023 Sustainability Report, emphasizing its unwavering dedication to sustainability, innovation, and financial success. Paolo Rocca, Chairman & CEO of Tenaris, emphasized these commitments in his introductory message, highlighting the company’s strides in growth, environmental responsibility, and community involvement.
Rocca highlighted Tenaris’s pivotal role as a global supplier of pipes to the energy industry, serving major players in challenging developments worldwide.
Financially, Tenaris achieved remarkable results in 2023, with net sales totaling $14.9 billion USD, EBITDA of $4.9 billion USD, and net income of $4.0 billion USD. Strategic acquisitions, like integrating Mattr’s pipe coating business unit (Shawcor) into its operations, bolstered its market reach and capabilities.
Tenaris places significant emphasis on employee safety and well-being, maintaining robust health, safety, and environment (HSE) management systems adhering to international standards. The company also invests in community education programs, exemplified by the success of the Roberto Rocca Technical Schools.
Environmental sustainability is a top priority for Tenaris, with a commitment to reducing carbon intensity by 30% by 2030. Through investments in renewable energy and emission reduction initiatives, including wind farms in Argentina, Tenaris is progressing towards carbon neutrality.
Sustainable practices are integrated into every aspect of Tenaris’s operations, from supply chain management to product innovation, earning the company recognition as a Sustainability Champion by worldsteel for six consecutive years.
Rocca expressed gratitude to employees, customers, shareholders, and suppliers for their contributions to Tenaris’s achievements in 2023.
To delve into Tenaris’s sustainability efforts and performance, access the full 2023 Sustainability Report here.
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