Targa Resources Corp. Publishes Insightful Sustainability Report
Targa Resources Corp. has recently unveiled its Sustainability Report for the year 2024. This comprehensive report is now accessible on the Company's website, highlighting Targa's dedication to environmental, social, and governance (ESG) objectives that are pivotal both for their industry and their operations.
Comprehensive Frameworks and Standards
In developing this report, Targa aligned its disclosures with multiple respected frameworks, including the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board's (SASB) Oil & Gas Midstream Standard. Additionally, the report adheres to the International Financial Reporting Standards (IFRS) and incorporates recommendations from the Task Force on Climate-Related Financial Disclosures (TCFD).
External Review and Accountability
To ensure the credibility of the information disclosed, Targa engaged an independent third party to perform an attest review of specific metrics, including greenhouse gas emissions and employee safety data for the year ended December 31, 2024. This step reflects Targa's commitment to transparency and accountability in its sustainability practices.
About Targa Resources Corp.
Targa Resources Corp. stands as one of the foremost providers of midstream services in North America, renowned for its vast and diverse portfolio of infrastructure assets. By owning, operating, acquiring, and developing essential infrastructure, Targa plays a crucial role in the safe and effective delivery of energy. Their operations connect natural gas and natural gas liquids (NGLs) to both domestic and international markets, addressing the increasing demand for cleaner fuel options.
Core Operations
The Company is actively involved in various segments including gathering, compressing, treating, processing, transporting, and selling natural gas. In addition, Targa excels in the transportation, storage, fractionation, treatment, and sale of NGLs and related products, which includes offering services to LPG exporters. Furthermore, they engage in the gathering, storing, terminaling, and marketing of crude oil.
Commitment to Growth and ESG Principles
As a proud FORTUNE 500 company included in the S&P 500, Targa Resources Corp. not only emphasizes profitability but also champions sustainability and social responsibility. Their proactive approach to ESG principles ensures they are positioned to meet the challenges of the ever-evolving energy landscape while providing reliable services to their customers.
How to Stay Updated
For further details about their sustainability efforts and overall company initiatives, Targa encourages stakeholders to visit their website. The company remains committed to maintaining open communication with investors and the wider community, providing updates and insights into their operations and sustainability practices.
Targa Investor Relations
InvestorRelations@targaresources.com
(713) 584-1133
Frequently Asked Questions
What is the main focus of Targa's Sustainability Report?
The report primarily emphasizes Targa's performance in environmental, social, and governance areas for the year 2024.
Which frameworks did Targa utilize for the report?
Targa used GRI Standards, IFRS, SASB, and TCFD guidelines for structuring their reports on sustainability.
What kind of external review did Targa engage in for the report?
Targa engaged an independent third party for an attest review of its greenhouse gas emissions and employee safety metrics.
What are some core services provided by Targa Resources?
Targa specializes in gathering, processing, and transporting natural gas, as well as handling NGLs and crude oil services.
How can investors contact Targa Resources?
Investors can reach Targa through their Investor Relations email at InvestorRelations@targaresources.com or by phone at (713) 584-1133.
