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Tc Energy Corporation, commonly referred to as TC Energy, is a leading player in the Natural Gas Liquids (NGL) industry, headquartered in Calgary, Alberta, Canada. Founded in 1951, the company has established a robust presence across North America, focusing on the transportation and storage of natural gas and NGLs.
With a commitment to safety and sustainability, TC Energy offers a range of core services, including pipeline operations and energy infrastructure development. The company is recognised for its extensive network of pipelines, which are integral to the energy supply chain, ensuring efficient delivery of vital resources.
Notable achievements include its strategic expansions and investments in renewable energy projects, positioning TC Energy as a forward-thinking leader in the energy sector. With a strong market position, TC Energy continues to innovate and adapt to the evolving energy landscape.
+18 vs industry average
Tc Energy’s score of 35 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Natural Gas Liquids is among the most carbon-intensive industries
The Natural Gas Liquids industry has reduced its overall emissions by 16% since 2018
Scope 3 accounts for ••• of total emissions.
TC Energy, headquartered in Canada, is actively working to reduce its carbon footprint within the Natural Gas Liquids industry.
In 2024, TC Energy's reported Scope 1 emissions were approximately 22.35 billion kg CO2e, with Scope 2 emissions around 400 million kg CO2e. Scope 3 emissions for the same year totalled approximately 4.17 billion kg CO2e, including about 7.54 million kg CO2e from business travel, 2.84 million kg CO2e from employee commute, 6.18 million kg CO2e from upstream leased assets, 19.75 million kg CO2e from waste generated in operations, and 4.14 billion kg CO2e from fuel and energy related activities.
Looking back, in 2023, the company reported Scope 1 emissions of approximately 20.90 billion kg CO2e, Scope 2 emissions of around 2.04 billion kg CO2e, and Scope 3 emissions of approximately 4.43 billion kg CO2e. This included around 6.61 million kg CO2e from business travel, 14.95 million kg CO2e from upstream leased assets, 60.87 million kg CO2e from waste generated in operations, and 4.35 billion kg CO2e from fuel and energy related activities.
Further historical data shows:
TC Energy has committed to significant reductions, targeting a 30 per cent reduction in GHG emissions intensity from its operations (Scope 1 and Scope 2) by 2030, with a 2019 baseline. Additionally, the company aims for net-zero Scope 1 and 2 GHG emissions by 2050. TC Energy is also setting a methane intensity reduction target of 40 to 55 per cent by 2035 for its Scope 1 methane emissions from natural gas transmission and storage assets, using a 2019 baseline.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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