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 7 is lower than 73% 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 2022, Targa Resources reported total carbon emissions of approximately 8,406,000,000 kg CO2e for Scope 1 and about 3,296,000,000 kg CO2e for Scope 2, resulting in combined emissions of around 11,702,000,000 kg CO2e. This marked an increase from 2021, where emissions were approximately 6,997,000,000 kg CO2e for Scope 1 and about 2,660,000,000 kg CO2e for Scope 2, totalling around 9,657,000,000 kg CO2e. In 2020, the company reported similar figures, with Scope 1 emissions at about 7,677,000,000 kg CO2e and Scope 2 emissions at approximately 2,537,000,000 kg CO2e, leading to total emissions of around 10,214,000,000 kg CO2e. Targa Resources has initiated a multi-year plan aimed at structurally reducing CO2 emissions, with a focus on both Scope 1 and Scope 2 emissions. This plan includes the acquisition of carbon credits from accredited international organisations to offset emissions during the transition period until the company achieves net-zero emissions. The timeframe for these commitments spans from 2023 to 2025. While Targa Resources has not disclosed any Scope 3 emissions data, their commitment to reducing Scope 1 and Scope 2 emissions aligns with industry standards for climate action. The company is actively working towards its climate goals, although specific reduction targets have not been quantified in percentage terms. All emissions data and climate commitments are sourced directly from Targa Resources Corp., with no cascaded data from parent or related organisations.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 7,677,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 2,537,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - |
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.
