TC Energy releases 2021 Report on Sustainability and GHG Emissions Reduction Plan
October 26 2021 - 7:30AM
News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy)…
TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the
Company) announced today the release of its 2021 Report on
Sustainability, ESG Data Sheet and GHG Emissions Reduction Plan.
Together, these reports provide a comprehensive overview of the
Company’s environmental, social and governance (ESG) targets and
performance metrics. In addition, these reports highlight TC
Energy’s increasing transparency on sustainability matters and the
Company’s focus on, and accountability for, achieving meaningful
and measurable results.
“These reports illustrate our continued commitment and
contributions to creating a more sustainable and inclusive world as
we participate in the energy transition,” said François Poirier, TC
Energy’s President and Chief Executive Officer. “We will continue
to progress the sustainability issues that matter most to us and
our stakeholders, including reducing our greenhouse gas emissions
intensity, committing to actions to advance reconciliation, and
developing innovative energy solutions for the future.”
The 2021 Report on Sustainability and ESG Data Sheet expand on
the 10 foundational sustainability commitments established in 2020
and now include 32 specific and measurable targets across all these
commitments. These targets showcase the Company’s continuous
improvement and establish benchmarks to measure future
sustainability progress. The new GHG Emissions Reduction Plan
provides additional transparency, sharing five key focus areas and
a roadmap to achieve net zero by 2050. These reports highlight how
TC Energy continues to meet growing demand for clean, affordable
energy with a focus on protecting our planet, empowering people,
and creating shared prosperity.
2021 ESG target highlights:
- Announcing new targets to reduce GHG emissions intensity
from our operations by 30 per cent by 2030 and position to achieve
net zero emissions from our operations by 2050.
- Advancing our commitment to Indigenous peoples as part of the
Reconciliation Action Plan with a focus on
Indigenous representation and education; and
- Expanding our safety program to include advancements in targets
for mental health and psychological health and safety.
“We have a direct and vital role to play in delivering a shared
energy future that is more equitable, just and ultimately
sustainable,” said Poirier. “This requires continued collaboration
with stakeholders, challenging the status quo and pushing the
boundaries on innovative thinking to be positive agents of change
in society.”
TC Energy’s 2021 Report on Sustainability and ESG Data Sheet
were prepared in alignment with the United Nations Sustainable
Development Goals (SDGs), the Sustainability Accounting Standards
Board (SASB) Oil and Gas—Midstream and the Task Force on
Climate-related Financial Disclosures (TCFD).
Electronic versions of the reports are available at:
-
https://www.tcenergy.com/reportonsustainability
- www.tcenergy.com/netzero
About TC EnergyWe are a vital part of everyday
life — delivering the energy millions of people rely on to power
their lives in a sustainable way. Thanks to a safe, reliable
network of natural gas and crude oil pipelines, along with power
generation and storage facilities, wherever life happens — we’re
there. Guided by our core values of safety, innovation,
responsibility, collaboration and integrity, our 7,500 people make
a positive difference in the communities where we operate across
Canada, the U.S. and Mexico.
TC Energy’s common shares trade on the Toronto (TSX) and New
York (NYSE) stock exchanges under the symbol TRP. To learn more,
visit us at TCEnergy.com.
FORWARD-LOOKING INFORMATIONThis release
contains certain information that is forward-looking and is subject
to important risks and uncertainties (such statements are usually
accompanied by words such as "anticipate", "expect", "believe",
"may", "will", "should", "estimate", "intend" or other similar
words). Forward-looking statements in this document are intended to
provide TC Energy security holders and potential investors with
information regarding TC Energy and its subsidiaries, including
management's assessment of TC Energy's and its subsidiaries' future
plans and financial outlook. All forward-looking statements reflect
TC Energy's beliefs and assumptions based on information available
at the time the statements were made and as such are not guarantees
of future performance. As actual results could vary significantly
from the forward-looking information, you should not put undue
reliance on forward-looking information and should not use
future-oriented information or financial outlooks for anything
other than their intended purpose. We do not update our
forward-looking information due to new information or future
events, unless we are required to by law. For additional
information on the assumptions made, and the risks and
uncertainties which could cause actual results to differ from the
anticipated results, refer to the most recent Quarterly Report to
Shareholders and Annual Report filed under TC Energy’s profile on
SEDAR at www.sedar.com and with the U.S. Securities and Exchange
Commission at www.sec.gov.
Media Inquiries:Jaimie Harding / Hejdi
Carlsenmedia@tcenergy.com403-920-7859 or 800-608-7859
Investor & Analyst Inquiries:David Moneta /
Hunter Mauinvestor_relations@tcenergy.com403-920-7911 or
800-361-6522
PDF
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