Targa Resources Corp. ("Targa" or the "Company") announced that its Sustainability Report for 2023 is now available on the Company’s website at https://www.targaresources.com/sustainability. The report advances Targa’s sustainability disclosures and provides a review of Targa’s performance for calendar year 2023 against various environmental, social, and governance topics that we believe are important to our industry and our business.
Highlights of Targa’s Sustainability Report for the 2023 calendar year include the following:
Decreased Gathering & Boosting (G&B) sector methane intensity by 19%;
Exceeded the original methane intensity goals established through the ONE Future participation;
Conducted aerial methane surveys at all gathering and processing assets;
Increased handheld camera methane monitoring to quarterly at all compressor stations and bi-monthly to all gas plants;
Exported approximately 5.6 billion gallons of liquefied petroleum gas (“LPG”) globally that can displace higher GHG-emitting fuels;
Realized continued safety performance with a 25% decrease in Employee Total Recordable Incident Rate since 2021;
Received nine (9) midstream safety recognition awards for exceptional safety records;
95% of our new hires resided in the communities in which we operate;
91% of Board of Directors are independent; 100% independent Audit, Compensation, Nominating and Governance, Risk Management, and Sustainability Committees;(1)
36% of Board of Directors are women;(1) and
Board-level Sustainability Committee continues to oversee management’s implementation of strategy to integrate sustainability into various business activities to create long-term stakeholder benefits.
Please refer to the full sustainability report for additional context regarding these highlights as well as other sustainability matters. The report references the Global Reporting Initiative (“GRI”) Standards, 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”). In addition, Targa engaged an external third party to perform an attest review engagement for certain greenhouse gas emissions and employee safety data metrics disclosed in Targa’s 2023 Sustainability Report for the year ended December 31, 2023.
