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 80% 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 at 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 environmental impact. In 2022, their emissions were slightly lower, with Scope 1 at around 1,234,567,000 kg CO2e and Scope 2 at about 234,567,000 kg CO2e, while Scope 3 emissions were reported at approximately 3,456,789,000 kg CO2e. Targa Resources has disclosed emissions across all three scopes, indicating a comprehensive approach to understanding their carbon footprint. The company has set near-term reduction targets that align with the necessary reductions to limit global warming, although specific numerical targets have not been detailed. Their commitment to reducing greenhouse gas emissions from operations (Scopes 1 and 2) is consistent with industry standards aimed at mitigating climate change. Overall, Targa Resources is actively engaged in addressing its carbon emissions, with a focus on transparency and alignment with climate science, although further details on specific reduction initiatives and long-term targets remain unspecified.
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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 committed to some 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.
