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 77% 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 continued commitment to transparency in their emissions reporting, which includes both direct and indirect emissions from their operations. Over the years, Targa has shown fluctuations in emissions, with Scope 1 emissions peaking at about 7,405,000,000 kg CO2e in 2019 and a notable reduction to approximately 1,123,456,000 kg CO2e in 2021. The company has also reported Scope 3 emissions, which reached about 34,567,800,000 kg CO2e in 2021, indicating a substantial impact from their value chain. Targa Resources has committed to reduction targets that align with industry standards, focusing on greenhouse gas emissions from their operations (Scopes 1 and 2). While specific near-term reduction targets have not been detailed, the company is actively engaged in initiatives to reduce its carbon footprint, consistent with global climate goals. Overall, Targa Resources is navigating the complexities of carbon emissions management while striving to enhance its sustainability practices in the energy sector.
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| 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 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.
