Slide 1: Sustainability Statement Executive Summary 2024
Sustainability Statement Executive Summary 2024 1
Slide 2: Chairman's Letter
Chairman’s Letter 2024 was a good year for Tenaris in many aspects. We consolidated our leading industry position with a number of distinct achievements, delivered solid financial results accompanied by higher returns for shareholders, and completed several investments which are improving our indust
Slide 3: Chairman's Letter (continued)
We consolidated our leading position in the Guyana- investments aimed at increasing the share of renewable energy Suriname basin with an award to supply line pipe and used in our operations. insulation coating for Total’s GranMorgu development. This achievement was possible thanks to our successful
Slide 4: Sustainability in Tenaris
01 reduce the carbon intensity of our activities by 2030 as part of a longer-term carbon neutrality objective. As a leader in our industrial sector, we aim to be at the forefront of sector carbon performance and initiatives to reduce emissions. A significant part of our investments goes to improving
Slide 5: Global industrial network and footprint
Orkanger Florø Tananger Stavanger Aberdeen Edmonton Grande Prairie Camrose Nisku Amsterdam Aksai Red Deer Calgary Luxembourg Sault Ste. Marie Paris Essen Williston St. John’s Lugano Silcotub Campina Villamarzana Ploiesti Toronto Piombino Calarasi Bucharest Aktau Wilder Pittsburgh Dalmine Baotou Beij
Slide 6: Climate Change: Reducing the carbon intensity of our operations
02 Actions Intensity reduction target in CO2-eq tons/ Climate Change 30% ton steel processed by 2030 Commitments 15% Reduction in CO2-eq tons/ton steel processed vs 2018 baseline • Achieve 30% reduction in the CO2-eq intensity of our operations by 2030 from 2018 baseline. • Increase energy efficienc
Slide 7: Intensity evolution and decarbonization strategy
Intensity evolution 1.8 tons CO2 - eq/ ton steel 1.6 1.54 1.52 1.47 0.73 0.69 1.33 1.33 1.4 0.67 1.33 1.31 1.2 0.57 0.61 0.71 0.70 1 0.8 0.12 0.17 0.12 0.08 0.06 0.6 0.04 0.01 Scope 3 purchased steel, 0.22 0.24 0.25 0.23 0.23 0.19 0.19 raw materials & others 0.4 Scope 3 pig iron 0.2 Scope 2 0.42 0.4
Slide 8: Environment: Commitments and Actions
03 Actions 30% Of CapEx contributing to our decarbonization and environmental objectives ($207 Million) Environment Of our production sites operating with a Commitments 83% certified environmental management system according to ISO 14001 • Maximize recycling rates at our facilities. • Maximize mater
Slide 9: Reducing our environmental footprint
Reducing our environmental Investment in environment footprint In USD million 250 200 As we produce steel using EAFs, the use of recycled scrap is a 207 key aspect of our operations. The use of recycled scrap reduces 191 the use of virgin materials (like iron or coal), reduces CO2 150 emissions rela
Slide 10: Human Capital: Commitments and Actions
04 Actions 1.9M Hours of training in 2024 Human Capital Participation of professional Commitments 95% employees in last opinion survey (March 2024) • To lead with care, providing a safe working environment built upon company core values to enable employees to develop their skills and careers while 4
Slide 11: Engaging our team to succeed
Engaging our team to succeed Shop-floor and professional employees In thousands of people 35 We believe that talent sustainability starts at the very beginning 30 29.1 of the professional journey. That’s why our Global Trainee Program is a cornerstone of our long-term strategy: it attracts 25.3 6.4
Slide 12: Health & Safety: Commitments and Actions
05 Actions $35 Million invested in health & safety in 2024 Health & Safety Preventive actions implemented Commitments 56K during 2024 • To take care of our employees and contractors, looking after their safety, health and well-being, with safe and healthy workplaces throughout our industrial and off
Slide 13: Safety is an absolute priority
Safety is an absolute priority Injury frequency rates Our employees’ safety and well-being are a priority, essential 7 6.3 to our success and long-term sustainability as an organization, 6 6.5 6.6 and intrinsic to the relationships we build with our local 6.0 communities, suppliers, customers, and i
Slide 14: Communities: Commitments and Actions
06 Actions Communities $17.9 Million invested in our community relations program in 2024 Commitments $14.2 Million allocated to education • To drive inclusive growth and development in the communities where we work and live, promoting a culture that rewards merit and encourages enterprise. 12.5K Ben
Slide 15: Working with our communities for inclusive growth
Working with our communities for inclusive growth Throughout our history, one of the core values intrinsic to The Roberto Rocca Technical Schools Network, Roberto Rocca Tenaris’s heritage has been the strong relationships it has forged Technical Gene, the Roberto Rocca After School program with the
Slide 16: Sustainable products for sustainable operations
07 Actions $74 Million invested in R&D Our Value Chain Commitments 531 Rigs supplied under Rig Direct® • To develop integrated product and service solutions Integrated TenarisShawcor pipe to meet customer requirements for quality and coating portfolio performance while enhancing safety, efficiency a
Slide 17: Working together for a more resilient supply chain
enhanced durability for longer laterals, setting new standards in local laws and regulations. We expect all our partners in product efficiency. business to observe the same high standards we follow internally governing ethical behavior, legal compliance, and We are developing a low-carbon product po
Slide 18: Ethical & Transparent Operations: Commitments and Actions
08 Actions Of professional employees received Ethical & Transparent Operations 94% training on the updated version of the Code of Conduct in 2024 Commitments 3.9K Employees from 28 countries completed face to face business conduct compliance training on expected behavior, controls, responsibilities,
Slide 19: Transparency and integrity as core values
Transparency and integrity as core values Tenaris is committed to building a corporate culture of The Business Conduct Compliance Office (BCCO) conducts transparency and integrity based on ethical behavior and various forms of business conduct compliance monitoring, compliance with the law. This is
Slide 20: We appreciate your interest in our sustainability practices
We appreciate your interest in our sustainability practices, and invite you to explore our full Sustainability Statement, part of our Annual Report on our website. www.tenaris.com ©Tenaris. All rights reserved 20