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Tenaris is a leading global manufacturer and supplier of steel pipes and related services for the energy industry. Headquartered in Luxembourg, the company operates in over 20 countries and has a workforce of more than 23,000 employees. Tenaris is committed to decarbonisation and the transition to renewable energy, and has implemented a range of initiatives to reduce its carbon footprint and promote sustainable practices.

One of Tenaris' key priorities is corporate energy management. The company has implemented a comprehensive energy management system that includes energy audits, monitoring and reporting, and the implementation of energy efficiency measures. Tenaris has also invested in renewable energy sources, such as wind and solar power, to reduce its reliance on fossil fuels and lower its carbon emissions.

In addition to its energy management initiatives, Tenaris has also implemented a corporate power purchase agreement (PPA) program. Under this program, the company purchases renewable energy directly from energy producers, providing a stable and predictable source of clean energy for its operations. This approach not only supports the transition to renewable energy, but also helps to reduce the company's exposure to volatile energy prices.

Tenaris has also made significant investments in research and development to support decarbonisation and the transition to renewable energy. The company has developed a range of innovative products and technologies that support sustainable practices in the energy industry, including high-strength, low-carbon steel pipes and coatings that reduce the environmental impact of oil and gas production.

Tenaris' commitment to sustainability is reflected in its corporate culture and values. The company has established a range of sustainability goals and targets, including reducing its carbon emissions and water consumption, and increasing the use of renewable energy sources. Tenaris also engages with stakeholders, including customers, suppliers, and employees, to promote sustainable practices and encourage collaboration on sustainability initiatives.

Overall, Tenaris is a leading player in the pipe and tubular sector, with a strong focus on decarbonisation and the transition to renewable energy. The company's commitment to sustainability is reflected in its comprehensive energy management system, corporate PPA program, and investments in research and development. With a workforce of over 23,000 employees and operations in over 20 countries, Tenaris is well positioned to drive sustainable practices in the energy industry and support the transition to a low-carbon economy.

✓ Current offtaker under Corporate PPA's