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 10 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 notable increase from 2022, where Scope 1 emissions were around 8,406,000,000 kg CO2e and Scope 2 emissions were approximately 3,296,000,000 kg CO2e. The total emissions for 2022 were about 11,702,000,000 kg CO2e, indicating a trend of rising emissions over the years. Targa Resources has committed to near-term reduction targets that align with the Science Based Targets initiative (SBTi), focusing on emissions from their operations (Scopes 1 and 2). These targets are designed to contribute to global efforts to limit warming to well below 2 degrees Celsius. However, specific numerical reduction targets have not been disclosed. The company does not currently report Scope 3 emissions, which encompass indirect emissions from the value chain. This omission highlights an area for potential future improvement in their climate strategy. Overall, Targa Resources's emissions data and commitments reflect the challenges faced by the energy sector in addressing climate change, with a clear need for enhanced transparency and ambitious reduction strategies moving forward.
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| 2016 | 2017 | 2018 | 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 |
| Scope 2 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 30,000,000,000 | 00,000,000,000 | 00,000,000,000 | - | - | - | - |
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 participating in some of the initiatives that 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.
