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OrganisationsTarga Resources
Targa Resources logo

Targa Resources

Natural Gas ExtractionUnited StatesNYSE: TRGP
Last verified 17 days agotargaresources.com

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.

11
DitchCarbon score

-7 vs industry average

Targa Resources’s score of 11 is lower than 38% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very High

Natural Gas Extraction is among the most carbon-intensive industries

Industry performance

0.356
20192025

The Natural Gas Extraction industry has reduced its overall emissions by 99% since 2019

Emissions trajectory 2020 – 2027

00.0B00.0B0.0B0.0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Targa Resources's reported carbon emissions

In 2024, Targa Resources reported total emissions of approximately 14.2 billion kg CO2e, comprising about 10.2 billion kg CO2e from Scope 1 and about 4.0 billion kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming to achieve net zero emissions for both Scope 1 and Scope 2 by 2040, with this target initiated in 2023.

In 2023, Targa's emissions were approximately 13.2 billion kg CO2e, with Scope 1 emissions at about 9.5 billion kg CO2e and Scope 2 emissions at around 3.7 billion kg CO2e. This reflects a significant increase in emissions from the previous year, where total emissions in 2022 were approximately 12.0 billion kg CO2e, with Scope 1 at about 8.7 billion kg CO2e and Scope 2 at around 3.3 billion kg CO2e.

Targa Resources has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. The company’s climate initiatives are aligned with industry standards, and their commitment to reducing emissions is a critical aspect of their operational strategy.

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Targa Resources’s Climate Goals (2030 & 2050)

2 goals

2040

Reach net zero Scope 1 and Scope 2 GHG emissions by 2040

Reach net zero Scope 1 and Scope 2 GHG emissions by 2040.

Insufficient data0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

See all 2 climate goals

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Active
CDP

Carbon Disclosure Project

See details
Not active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Targa Resources logoTarga Resources
USNatural Gas Extraction
17 days ago
11
Dte Energy logoDte Energy
USComputer Services
13 days ago
53
View
Sempra logoSempra
USBusiness Services
27 days ago
42
View
Eversource logoEversource
USElectrical Machinery Manufacturing
15 days ago
36
View
Hess logoHess
USGas/Diesel Oil
5 days ago
33
View
Con Edison logoCon Edison
USElectricity from Other Sources
9 days ago
29
View
Tc Energy logoTc Energy
CANatural Gas Liquids
16 days ago
28
View

Frequently asked questions

Common questions about Targa Resources’s sustainability data and climate commitments

Targa Resources reported total emissions of approximately 14.2 billion kg CO2e in 2024. This includes about 10.2 billion kg CO2e from Scope 1 emissions and around 4.0 billion kg CO2e from Scope 2 emissions. The company's emissions reflect its operations in the natural gas sector, highlighting the environmental impact of its extraction and processing activities. Targa is committed to reducing these emissions as part of its long-term sustainability strategy.

Data year: 2024

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