Better Health for All

TC Energy's operations have resulted in significant negative health externalities and a poor safety record. The Keystone pipeline experienced a 12,937-14,000 barrel oil spill in December 2022, which was the largest onshore oil spill since at least 2013 and the largest in the Keystone system since its 2010 inception.

This pipeline has had 22 leaks in 12 years, with four of the largest occurring in the last six years. The company has incurred over $2.6 million in pipeline safety violation penalties. Following the December 2022 spill, TC Energy failed to disclose information to media and elected officials and barred them from viewing the spill area. The company has also incurred over $4 million in environment-related penalties, including $1.3 million for environmental violations and $54,900 for air pollution, and nearly C$1.4 million for erosion and sediment control on the Coastal GasLink pipeline. While the company spent US$480 million on the 2022 spill response, recovered over 95% of the oil, and has an EPA Consent Order for remediation, these efforts are in response to significant incidents and violations.

Fair Money & Economic Opportunity

TC Energy Corporation is an energy infrastructure company, primarily focused on natural gas and liquids pipelines, power generation, and energy storage. Its core business does not involve lending, insuring, moving, or storing money for consumers, which is the focus of the 'Fair Money & Economic Opportunity' value. Therefore, the company does not offer financial products or services that would be assessed under the rubric's KPIs. While TC Energy engages in community investment through programs like the 'Build Strong Scholarships' ($2.5 million awarded)

and a social impact program providing funding from $2,500 to $25,000, these are grants and community support, not 'community finance' or financial services as defined by the rubric.

Fair Pay & Worker Respect

TC Energy completed a comprehensive review of its Canadian compensation programs, policies, and structures in 2024, aligning with Canadian Federal Pay Equity legislation.

This review found no gaps within its pay equity bands after select salary midpoints were adjusted upward. The company was also included in the 2020 Bloomberg Gender-Equality Index for the third consecutive year. In 2024, 40% of its Board of Directors were women and 20% were racially and/or ethnically diverse. In the past three years, TC Energy recorded one substantiated workplace safety or health violation in 2024, resulting in a $14,000 penalty by OSHA for its subsidiary, Columbia Gulf Transmission LLC. The company has an Ethics Help Line for reporting potential non-compliances and requires personnel to report suspected violations. In 2024, it provided mandatory annual Code of Business Ethics training and two one-hour training sessions on forced labor and child labor, reporting no evidence of such labor found in its supply chain.

Fair Trade & Ethical Sourcing

No specific, quantifiable evidence was provided in the articles to assess TC Energy Corporation against the defined KPIs for Fair Trade & Ethical Sourcing.

Information regarding fair-trade certifications, supplier audit frequency, forced/child labour incidents, supply chain traceability, remediation speed, ethical clause coverage in contracts, materials risk index, or the percentage of procurement budget directed to diverse suppliers was not available. While a spend of $1.8 billion with Indigenous and Native American suppliers was mentioned, the total procurement budget was not provided, preventing the calculation of a percentage for the 'supplier_diversity_spend' KPI.

Honest & Fair Business

TC Energy's Coastal GasLink pipeline incurred approximately $1.03 million USD (C$1.4 million) in penalties for environmental non-compliance in the past three years.

The company also reported one financial restatement in the past year, recasting prior years' results to reflect continuing operations. TC Energy maintains a comprehensive "Avoiding Bribery and Corruption Policy," effective September 13, 2024, which prohibits all forms of bribery, kickbacks, and facilitation payments (with a threshold under US$100). This policy mandates annual training and certification for all team members and includes anti-corruption due diligence for contractors, transactional counterparties, new shippers, mergers, acquisitions, and joint ventures. The Global Trade Management System screens new shippers and contractors against over 140 denied party and sanctions lists. The company provides a robust whistle-blower protection system through an Ethics Help-Line, operated by an independent third-party service provider. This service is available 24/7, 365 days a year, in English, French, and Spanish, allowing confidential and anonymous reporting of ethical concerns by any stakeholder. A non-retaliation policy protects those who report in good faith, and investigations are conducted promptly by qualified investigators.

Kind to Animals

TC Energy Corporation operates as an energy infrastructure company, primarily involved in pipelines, power generation, and energy storage. Due to this business model, several animal welfare KPIs are not applicable. The company does not produce consumer products requiring cruelty-free certification or animal testing, nor does it engage in animal agriculture or source animal-derived ingredients. Therefore, KPIs such as cruelty-free certification share, alternative testing usage, humane certification of animal operations, ethical input substitution percentage, supplier audit percentage for animal welfare, cage-free sourcing percentage, animal testing policy, animal testing volume, and animal-free R&D collaboration are scored as N/A (0). Other KPIs are omitted due to insufficient specific data to meet the rubric's quantitative thresholds or to resolve conflicting evidence. For instance, while TC Energy reports an R&D investment of $8.4 million in 2024, the percentage allocated to animal-free technologies is not specified.

No information on the ethical practices of animal agriculture linked to its biogas projects is available. Public policy engagement focuses on energy and habitat, not animal welfare policy improvement. For wildlife conservation impact, despite significant positive efforts like restoring 98% of disturbed lands in 2024 and numerous species-specific habitat projects, the company also faces severe negative impacts, including a federal court finding of Endangered Species Act violations and C$1.4 million in environmental fines for habitat degradation. The rubric does not provide a mechanism to weigh these conflicting outcomes or to score without specific revenue percentages, leading to its omission.

No War, No Weapons

TC Energy Corporation's core business is described as natural gas and liquids pipelines, power generation, and energy storage.

No evidence was found in the provided articles to indicate that the company derives any revenue from arms or defense contracts, nor are there any defense-related activities in its core business operations. Therefore, it is assessed as having no defense or arms-related activities.

Planet-Friendly Business

TC Energy's total Scope 1, 2, and 3 greenhouse gas emissions for 2024 were 26,955 thousand tonnes CO2e.

The company has not explicitly stated that it has SBTi-validated, science-based carbon reduction targets, though it aims for a 40 to 55 percent reduction in methane intensity by 2035 from a 2019 baseline. The company reported 10 significant environmental fines in 2024. TC Energy's report is aligned with TCFD recommendations. Climate scenario analysis was performed using IEA and IPCC scenarios as part of its strategic planning process. For biodiversity, TC Energy has invested $8.7 million towards a $10 million target by 2025, restored 98% of disturbed lands, and engaged in various habitat conservation efforts, including planting over 155,000 seedlings for caribou habitat and working with over 40 organizations for monarch butterfly conservation in 48 U.S. states.

Respect for Cultures & Communities

TC Energy entered into 94 agreements with 46 Indigenous groups in 2021

and 45 agreements with 39 Indigenous groups in 2022. The company provides extensive grievance mechanisms, including a 24/7 Ethics Help Line in English, French, and Spanish, and landowner helplines covering Canada, the U.S., and Mexico. Active protection measures for cultural sites include routing criteria to minimize impacts on Indigenous traditional use sites and avoiding sensitive areas where possible. Language inclusivity is demonstrated through the availability of the Ethics Help Line and key documents in English, French, and Spanish. Furthermore, since 2021, 99% of employees and contractors in Canada and 98.5% in the U.S. have completed mandatory Indigenous awareness training. However, TC Energy faced a cultural appropriation incident where executives discussed leveraging Indigenous communities, leading to an apology after leaked recordings, indicating a reactive response to cultural incidents.

Safe & Smart Tech

TC Energy invested $92 million in cybersecurity infrastructure in 2022.

, which represents approximately 0.686% of its $13.4 billion total revenue in 2023. The company states compliance with privacy laws, including GDPR and Mexican Federal Law of Protection of Personal Information, and allows individuals to request access, correction, deletion, and opposition (in Mexico) of their personal information. It also complies with energy regulations such as CER, FERC, and PHMSA. Annual compliance costs include $37.6 million for the Canada Energy Regulator, $52.3 million for the Federal Energy Regulatory Commission, and $18.9 million for the Comisión Reguladora de Energía. No regulatory penalties or violations are reported.

Zero Waste & Sustainable Products

TC Energy has faced multiple environmental regulatory fines, including 10 environmental non-compliance penalties in Canada totaling C$590,000 in 2024 related to construction activities.

These fines, along with five previous penalties totaling more than C$800,000 for environmental infractions such as deficient erosion and sediment control measures, indicate recurring issues. For hazardous waste management, the company states it ensures all hazardous materials are handled, stored, and disposed of in compliance with applicable laws and regulations, providing documentation for disposal at approved facilities. TC Energy also implements recycling programs at its workforce accommodations, which generated over $77,500 in donations to community organizations in 2024.