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Targa Resources Corp
Targa Resources's GHG Emissions Data Preview
In 2024, Targa Resources completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Targa Resources has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Targa Resources’s Greenhouse Gas (GHG) Emissions Data
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Insights into Targa Resources's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofTarga Resources amounted to14,200,000metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Targa Resourcesincreased by 7.58%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Targa Resources's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Targa Resources's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Targa Resources were 10,200,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Targa Resources reduced its Scope 1 emissions over time?
Since 2019, Targa Resources's Scope 1 emissions have increased by 37.74%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2023), Targa Resources's Scope 1 emissions increased by 7.37%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Targa Resources's Scope 2 emissions?
In 2024, Targa Resources reported Scope 2 greenhouse gas (GHG) emissions of 4,000,000 tCOâ‚‚e using the location-based method.a
Has Targa Resources reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Targa Resources's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Targa Resources's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Targa Resources use for Scope 2 reporting?
In 2024, Targa Resources reported its Scope 2 emissions using the location-based method.a
Targa Resources's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into Targa Resources's Value Chain Emissions
In 2024, Targa Resources reported 38,700,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Targa Resources includes a breakdown across 1of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Targa Resources's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Targa Resources's Scope 3 emissions?
In 2024, Targa Resources reported total Scope 3 emissions of 38,700,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0%of these emissions originated from upstream activities such as purchased goods and capital goods, while 100%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Targa Resources reduced its Scope 3 emissions over time?
Since 2019, Targa Resources's Scope 3 emissionshave increased by 54.18%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Targa Resources's Scope 3 emissions increased by 18.35%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Targa Resources disclose?
In 2024, Targa Resources reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Targa Resources's Scope 3 emissions?
In 2024, the largest contributors to Targa Resources's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 38,700,000 tCOâ‚‚e(100%)
Targa Resources's Scope 3 Emissions by Categories
Insights into Targa Resources’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Targa Resources reported Scope 1 greenhouse gas (GHG) emissions of 10,200,000 tCOâ‚‚e and total revenues of USD 16,382 millions. This translates into an emissions intensity of 622.65 tCOâ‚‚e per millions USD.a
Targa Resources's Scope 1 Emissions Intensity Compared to Peers
How does Targa Resources's GHG emissions intensity compare to its peers?
In 2024, Targa Resources reported a Scope 1 emissions intensity of 622.65 tCOâ‚‚e per millions USD. Compared to the peer group median of 392.51, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Targa Resources rank on GHG emissions intensity within its industry?
In 2024, Targa Resources ranked 15 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Targa Resources is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Targa Resources's Total Carbon Footprint
In 2024, Targa Resources reported a total carbon footprint of 52,900,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.25% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Targa Resources's total carbon footprint was Scope 3 emissions, accounting for 73.16% of the company's total carbon footprint, followed by Scope 1 emissions at 19.28%.a