Targa Resources
Targa Resources Corp., commonly referred to as Targa, is a leading provider of natural gas and natural gas liquids services in the United States. Headquartered in Houston, Texas, the company operates primarily in the Gulf Coast and Mid-Continent regions, focusing on the midstream sector of the energy industry. Founded in 2005, Targa has achieved significant milestones, including strategic acquisitions that have expanded its operational footprint and service capabilities. Targa's core offerings include natural gas processing, transportation, and storage, as well as the fractionation of natural gas liquids. What sets Targa apart is its integrated approach, which enhances efficiency and reliability in delivering energy solutions. With a strong market position, Targa Resources has established itself as a key player in the energy landscape, recognised for its commitment to operational excellence and sustainability.
DitchCarbon Score
How does Targa Resources's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Natural Gas Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Targa Resources's score of 13 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Targa Resources's reported carbon emissions
In 2023, Targa Resources reported significant carbon emissions, with Scope 1 emissions totalling approximately 9,531,000,000 kg CO2e and Scope 2 emissions at about 3,691,000,000 kg CO2e. This reflects a continued commitment to monitoring and reporting their greenhouse gas emissions, although specific reduction targets or initiatives have not been disclosed. Over the years, Targa's emissions have varied, with Scope 1 emissions increasing from about 5,600,000,000 kg CO2e in 2016 to the current figure in 2023. Scope 2 emissions were first reported in 2020, where they reached approximately 2,537,000,000 kg CO2e. The company has also reported Scope 3 emissions, which were about 30,000,000,000 kg CO2e in 2016, peaking at approximately 37,900,000,000 kg CO2e in 2018 before declining to about 3,456,789,000 kg CO2e in 2022. Despite the lack of specific reduction targets or commitments, Targa Resources continues to engage in climate-related initiatives, aligning with industry standards for emissions reporting and transparency. The company’s emissions intensity metrics indicate a focus on improving efficiency in their operations, although further details on their climate strategy remain unspecified.
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Get Started| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,600,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - | 0,000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 3 | 30,000,000,000 | 00,000,000,000 | 00,000,000,000 | - | - | 0,000,000,000 | 0,000,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Targa Resources is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
