Tenaris

2200 West Loop S Ste 800, Houston, TX 77027-3532

2

BPI
Financial Rating

4.2

BPI Stakeholder Rating

3.5

BPI Social Responsibility Rating

Tenaris is a leading supplier of tubes and related services for the world’s energy industry and certain other industrial applications. Our mission is to deliver value to our customers through product development, manufacturing excellence, and supply chain management. Tenaris employees around the world are committed to continuous improvement by sharing knowledge across a single global organization Mission: Our mission is to deliver value to our customers through product development, manufacturing excellence, and supply chain management. We seek to minimize risk for our customers and help them reduce costs, increase flexibility and improve time-to-market.

3.2

Overall Excellence Rating

Industry

Oil, Gas and Mining

Category

Energy & Utilities

ESG/Ethical Impact

Our sales of mechanical pipe also recovered during the year. Of particular note is the expansion of our sales of tubular components for airbags, where we are currently completing the expansion of a component facility in China. Autoliv, our main customer in this segment, recently granted us their 2021 best supplier award. We are progressing on the road map we set out to reduce the carbon emissions intensity of our operations in line with our 2030 target. In February, our Board approved a USD190 million investment project to build a wind farm in Argentina, which will supply close to 50% of the electric energy requirements of our Siderca integrated seamless pipe facilities. This is an important initiative to enhance the sustainability of our operations and secure a source of energy supply in the country. We are also preparing for the energy transition through developing materials and products for low-carbon energy applications. For hydrogen applications, we are actively participating in joint industry working groups to define standards for line pipe, and have developed and tested material chemistries that resist steel embrittlement in high pressure applications. Although our operations are largely focused on serving the oil and gas industry, we also supply pipes and tubular components for non-energy applications and are focused on developing and supplying products and services for low-carbon energy applications such as geothermal wells, waste-to-energy (bio-energy) power plants, hydrogen storage and refueling stations, and carbon capture and sequestration. Through an integrated global network of manufacturing, R&D and service facilities, and a team of 23,000 employees worldwide, we work with our customers to meet their needs in a timely manner, observing the highest levels of product performance and reliability. Our core values of safety, health, environment, quality and transparency guide our daily activity. They are clearly reflected in our QHSE policy (www.tenaris.com/en/sustainability/), which, together with our Code of Conduct (www.tenaris.com/en/ sustainability/governance-and-ethics/), is embedded in all aspects of our business processes. This report, now in its eighth edition, reflects how those values translate into concrete indicators of our performance. Its preceding publication, the Health, Safety and Environment (HSE) report, was first published in 2009 presenting information dating back to 2004.

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Awards Received

2023

Revenues

$1,100,000,000.00

Website Traffic

Employee Rating

3.9

Customer Rating

4.5

Company Size

10000+

ESG Risk Rating

3

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