Company Directory - Tenaris S.A.
Company Details - Tenaris S.A.
Tenaris S.A.
WebsiteLuxembourg, Luxembourg
ISIN: LU0492106872
Tenaris is a global manufacturer and supplier of steel pipes and services for the oil and gas industry, focused on providing products that meet the industry's high standards.
CCI Score
CCI Score: Tenaris S.A.
21.79
-0.01%
Latest Event
Tenaris SA Political Contributions Profile
OpenSecrets data reveals that Tenaris SA made contributions of $210 to Democrats and $450 to Republicans during the 2022 election cycle. While the overall amounts are modest, the slightly higher support for Republican recipients raises concerns among anti-fascist observers regarding potential influence over policies that may favor authoritarian practices.
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SABOTEUR
Tenaris S.A. is currently rated as a Saboteur.
Latest Events
- FEB062025
OpenSecrets data reveals that Tenaris SA made contributions of $210 to Democrats and $450 to Republicans during the 2022 election cycle. While the overall amounts are modest, the slightly higher support for Republican recipients raises concerns among anti-fascist observers regarding potential influence over policies that may favor authoritarian practices.
-10
Political Contributions and Lobbying Efforts
March 19
Based on OpenSecrets data, Tenaris SA’s political contributions, although limited in amount, demonstrate a tilt towards funding Republican recipients. From an anti-fascist perspective, even modest financial support to groups that may harbor authoritarian tendencies is concerning and can be seen as complicit in the broader ecosystem that enables these practices.
- APR252024
Tenaris S.A. released a comprehensive statement detailing its commitment to human rights, modern slavery prevention, and ethical supply chain management. The document outlines robust policies including a Code of Conduct, sustainable sourcing initiatives, extensive due diligence processes, and employee training aimed at ensuring labor rights and preventing forced and child labor practices.
+80
Labor Relations and Human Rights Practices
March 19
Tenaris has instituted comprehensive human rights practices. The company’s detailed Code of Conduct, commitment to the United Nations Global Compact, and ongoing internal reviews and training programs highlight its proactive stance in safeguarding labor rights and preventing forced and child labor. These initiatives reflect a strong, positive approach within the category of Labor Relations and Human Rights Practices.
+75
Supply Chain Ethics
March 19
The statement details Tenaris’s proactive measures on supply chain ethics through its Sustainable Sourcing Policy, strict supplier due diligence, and regular compliance assessments. These procedures demonstrate significant efforts to ensure an ethical supply chain, though challenges inherent in global operations suggest room for further enhancement.
- APR252024
Tenaris released its 2024 statement outlining its commitment to human rights, modern slavery, child labour policies, and sustainable sourcing practices, demonstrating strong adherence to labor rights and ethical supply chain standards.
+80
Labor Relations and Human Rights Practices
March 19
Tenaris’s statement emphasizes a healthy and respectful workplace with strong respect for labor laws and human rights. The company has established comprehensive training programs and internal review processes, showcasing proactive measures to prevent forced labor and child labour. This commitment reflects positively on its labor relations and human rights practices.
+80
Supply Chain Ethics
March 19
The statement details robust supply chain ethics including due diligence processes, sustainable sourcing policy, and stringent supplier assessments. These measures ensure that suppliers adhere to human rights standards, reflecting Tenaris's proactive steps in mitigating risks of modern slavery, forced labour, and child labour.
- APR252024
Tenaris published a comprehensive statement detailing its commitment to human rights, modern slavery prevention, child labour policies, and ethical supply chain management. The document outlines robust labor practices, supplier due diligence, and rigorous internal reviews to ensure compliance with international labor standards.
+80
Labor Relations and Human Rights Practices
March 19
The statement demonstrates Tenaris's robust commitment to labor rights and human rights practices. Comprehensive due diligence measures, targeted employee training on forced and child labour issues, and adherence to international principles (including the UN Global Compact and ILO standards) yield a highly positive rating in this category.
+75
Supply Chain Ethics
March 19
The document details a proactive approach to supply chain ethics, including rigorous supplier due diligence, the implementation of a Sustainable Sourcing Policy, a dedicated Code of Conduct for Suppliers, and regular assessments of supplier practices. While comprehensive, there remains room for continuous improvement in monitoring global supply chain risks.
- APR232024
Tenaris has reached a $9.5 million settlement in a securities class action lawsuit following revelations that CEO Paolo Rocca engaged in bribery aimed at staving off the nationalization of a subsidiary. The case highlights serious concerns over the company’s executive decision‐making and unethical business practices that undermine democratic accountability.
-60
Executive Political Engagement
March 19
The Bloomberg Law report details allegations that CEO Paolo Rocca engaged in bribery to influence government actions during a period of political and economic stress. This form of corrupt executive political engagement erodes democratic norms and contributes to the broader trend of unethical corporate political involvement, which can indirectly bolster authoritarian practices.
Tenaris Reaches $9.5 Million Deal to Settle Shareholder Suit
-40
Business Practices and Ethical Responsibility
March 19
The bribery scandal and subsequent legal settlement expose significant shortcomings in Tenaris’ ethical business practices. By engaging in corrupt practices to secure favorable outcomes, the company demonstrates a disregard for legal and ethical standards, which not only erodes shareholder trust but also undermines broader democratic processes.
Tenaris Reaches $9.5 Million Deal to Settle Shareholder Suit
- JAN012024
An analysis of Tenaris SA's lobbying activities as reported by OpenSecrets. The profile indicates that while Tenaris engages in regular lobbying efforts, it has not disclosed involvement in lobbying specific bills in 2024. This activity is interpreted as a means to influence policy in favor of corporate interests in the oil and gas sector, potentially contributing to practices that undermine democratic accountability.
-30
Political Contributions and Lobbying Efforts
March 19
The OpenSecrets profile for Tenaris SA reveals a consistent involvement in lobbying activities. Although the company has not reported lobbying on specific bills in 2024, the overall engagement in lobbying is seen as a tool to secure favorable policy outcomes for corporate interests. From an anti-fascist perspective, such influence can contribute to undermining democratic processes and supporting authoritarian practices through preferential treatment of industry priorities over public welfare.
Industries
- 3312
- Steel Product Manufacturing from Purchased Steel
- 3315
- Foundries
- 3327
- Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing
