Targa Resources Inc.
TRGP.US | Transport via pipeline
Targa Resources Inc. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The company gathers, compresses, treats, processes, transports, and sells natural gas and natural gas liquids (NGLs). It also stores, fractionat...Show More
Better Health for All
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Targa Resources' core business of midstream natural gas and natural gas liquids services has severe, widespread negative health consequences, as its operations generate emissions causing respiratory issues. 100% of the company's revenue is derived from these activities with established serious health harms. In December 2024, Targa was fined $47.8 million by New Mexico for exceeding air pollution limits at a facility, with violations including emissions causing respiratory issues
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. While the company has adopted a Methane Management Plan
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and a Sustainable Future Program
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, leading to a 30% decrease in freshwater withdrawal
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, a 19% decrease in methane intensity
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, and a 21% reduction in flaring intensity in 2023
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, these remediation efforts have been inadequate to prevent major health-harming externalities and significant community health impacts, as evidenced by the recent fine
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.
Fair Money & Economic Opportunity
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No evidence available to assess Targa Resources Inc on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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Targa Resources was involved in the Menard v. Targa Resources case, where an environmental, safety, and health specialist was wrongfully terminated in 2023 for refusing an illegal directive to dilute sewage samples.
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The Louisiana Supreme Court affirmed protection for this refusal under the Environmental Whistleblower Statute.
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The company has accumulated penalties totaling $9,885,386 since 2000, which include safety and employment-related violations.
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Targa emphasizes safety through comprehensive training, including formal orientation for new site employees, and maintains a Crisis Management Plan.
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The company also implements diversity training, promotes inclusion, and upholds ethical conduct via a Code of Conduct and a confidential ethics hotline.
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Fair Trade & Ethical Sourcing
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Targa Resources Corp.'s 2023 Sustainability Report did not disclose specific data relevant to fair trade certifications, supplier audit frequencies, detailed supply chain traceability metrics, or any substantiated forced or child labor findings.
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Information regarding the percentage of procurement budget directed to diverse suppliers, the inclusion of ethical clauses in supplier contracts, or spend on high-risk materials was also not provided.
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Honest & Fair Business
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Targa Resources incurred $48,036,000 in ethics-related regulatory fines over the past three years.
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This includes a $47.8 million fine in December 2024 from New Mexico regulators for alleged air pollution violations
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and a $236,000 civil penalty in April 2024 for a subsidiary's failure to submit timely Toxic Release Inventory forms for 2020 through 2022.
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The company maintains a formal, anonymous whistleblower system with legal protections, accessible via phone or online, for reporting ethics and compliance issues.
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As of August 8, 2025, 3 out of 5 (60%) of Targa's directors are independent, and its Audit & Risk Committee is fully independent.
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Kind to Animals
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Targa Resources is a midstream energy company. The provided articles do not contain specific, measurable data points for cruelty-free certifications, alternative testing methods, humane certifications for animal operations, ethical substitution of animal inputs, supplier audits for animal welfare, cage-free sourcing, animal testing policies or volume, innovation investment in animal-free technologies, animal agriculture ethics, or animal-free R&D collaboration. Furthermore, while the company has a biodiversity policy
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and reports on species present in its operating areas
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, the articles do not provide measurable biodiversity impact of conservation initiatives, including species recovery or habitat restoration metrics. There is also no evidence of active engagement in animal welfare policy improvement or advocacy for higher standards. This aligns with the company's service-oriented business model, which does not typically involve animal-derived products, animal testing, or animal husbandry.
No War, No Weapons
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Targa Resources Inc. has no recent involvement in military contracts or arms manufacturing
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, indicating 0% revenue from such activities
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and no defense assets requiring divestment
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. The company also has no exposure to any weapons
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. However, the company does not take explicit positions in peace initiatives
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, meaning 0% of its revenue is invested in peacebuilding or disarmament
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Planet-Friendly Business
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Targa Resources reported total Scope 1, 2, and 3 greenhouse gas emissions of 52,862,000 tCO2e for the year ended December 31, 2024
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, comprising 10,168,000 tCO2e for Scope 1
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, 3,994,000 tCO2e for Scope 2
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, and 38,700,000 tCO2e for Scope 3
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. These emissions are calculated using US EPA and GHG Protocol methodologies
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, with an external third party performing an attest review for certain 2024 GHG emissions data
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. In 2023, the company achieved a 19% decrease in methane emissions intensity in its Gathering & Boosting sector
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and reduced Scope 1 and 2 greenhouse gas emissions intensity
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. Targa Resources provides disclosures in alignment with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)
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. The company has also deployed solar arrays at several facility sites
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Respect for Cultures & Communities
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Targa Resources reported no violations involving the rights of Indigenous Peoples for the reporting period of January 1, 2024, to December 31, 2024.
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Additionally, for calendar year 2023, 95% of new hires resided in the communities in which the company operates.
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Safe & Smart Tech
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Targa Resources has implemented a comprehensive cybersecurity program, which includes risk assessment utilizing the National Institute of Standards and Technology Cybersecurity Framework, a defense-in-depth strategy, incident response planning, third-party assessments, and third-party risk management.
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The company's Audit Committee provides board oversight, meeting quarterly with management to discuss cybersecurity initiatives.
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Targa Resources provides digital safety tips to employees and retirees, emphasizing strong passwords, recognizing phishing attempts, and maintaining updated security software.
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It also promotes robust password habits and multi-step verifications for employees to safeguard digital information.
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The company is not directly involved in consumer-facing technologies or AI.
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Zero Waste & Sustainable Products
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Targa Northern Delaware, LLC, a subsidiary, faces a $47.8 million civil penalty for emission releases exceeding permitted limits at its Red Hills Gas Processing Plant, including nearly 2 million pounds of hazardous air pollutants and an estimated 7 million pounds of methane.
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The company has incurred 12 waste-related violations in the past three years (2023-2025), including air pollution and environmental violations, and has a history of 81 environment-related offenses since 2000, with penalties totaling over $13.4 million, including a $6.3 million environmental violation in 2018 and a $3.2 million environmental violation in 2025.
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Targa has reduced methane emissions by 19% in its Gathering & Boosting sector, surpassing original goals.
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The company also implements waste management practices on site, including proper storage, profiling, disposal, maintaining a waste management plan, and recordkeeping.
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