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European Climate Pact

Overview

Location

Spain

Sector

Steel

Organisation type
Business

Company Information

TUBACEX is a manufacturer of stainless-steel tubular solutions and high nickel alloys for the energy sector. It is publicly listed and headquartered in Llodio, Spain. In 2021, the company reported a total of 2,346 employees and sales revenue of 365 million Euro.*

*Source

 

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • Tubacex has a target to reduce intensity of scopes 1 and 2 CO2e emissions 60% per EUR (€) value-added by 2030 from a base year of 2019. This is a year-on-year reduction rate of 5.5% per EUR (€) value-added over the next 9 years

Pledge: Have a short-medium term GHG emissions reduction target (scope 1+2) with a 2.1% year-on-year reduction at a minimum

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

North Star

  • Tubacex have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022