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Environmental sustainability

Targa Resources Corp. Releases 2024 Sustainability Report Highlighting Environmental, Social, and Governance Progress

Strategic Insights

— 1 min read

Targa Resources Corp., a leading provider of midstream services and one of the largest independent infrastructure companies in North America, has made significant strides in its sustainability efforts. The company's recent 2024 Sustainability Report outlines its performance against various environmental, social, and governance (ESG) topics, aligning with industry standards such as the Global Reporting Initiative (GRI), International Financial Reporting Standards (IFRS), Sustainability Accounting Standards Board's (SASB) Oil & Gas Midstream Standard, and the Task Force on Climate-Related Financial Disclosures (TCFD). This report marks a critical milestone in Targa's journey towards reducing its environmental footprint, enhancing social responsibility, and promoting good governance.

Key Takeaways:

  • Targa's 2024 Sustainability Report covers the company's performance on ESG topics, including greenhouse gas emissions, employee safety, and community engagement.
  • The report references the GRI Standards, IFRS, SASB's Oil & Gas Midstream Standard, and the TCFD, demonstrating Targa's commitment to transparency and accountability.
  • An external third party conducted an attest review engagement for certain greenhouse gas emissions and employee safety data metrics included in the report.
  • Targa owns, operates, acquires, and develops a diversified portfolio of complementary domestic infrastructure assets, connecting natural gas and NGLs to domestic and international markets.
  • The company prioritizes gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products.
  • As a FORTUNE 500 company and member of the S&P 500, Targa is committed to upholding the highest standards of corporate governance.

Statistics:

  • Targa's 2024 Sustainability Report highlights the company'sgreenhouse gas emissions reduction target of 50% by 2030 and its commitment to achieving net-zero emissions by 2050.
  • The report notes that Targa engaged an external third party to perform an attest review engagement for certain greenhouse gas emissions and employee safety data metrics disclosed in the report.
  • As of 2024, Targa's assets connect over 50 billion cubic feet of natural gas and over 1 million barrels of NGLs to domestic and international markets.
  • Targa's operations are crucial for the efficient, safe, and reliable delivery of energy across the United States and globally, with a focus on cleaner fuels and feedstocks.

Sources:

  • Targa Resources Corp. Press Release, September 15, 2025, HOUSTON, TX, Targa Resources Corp. Announces Availability of 2024 Sustainability Report.
  • Targa Resources Corp. website, .

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