Report on Sustainability
Environment
Facts & figures at a glance
15 per cent
Reduced methane emissions by 15 per cent between 2019 and 2023, despite increasing natural gas throughput by 10 per cent over the same period.
$3.8 Billion
$3.8 billion1 of sanctioned capital allocated to low-carbon investments (Bruce Power).
213 exercises
213 total emergency preparedness and response exercises completed.
1Reflects Fourth Quarter 2023 MD&A.
Diminishing global GHG emissions with liquified natural gas
Natural gas will continue to be essential in the energy transition, helping to reduce global GHG emissions. With over 70 years of expertise and a continent-spanning energy network, TC Energy is poised to be the first and only energy infrastructure company delivering North America’s abundant natural gas supply to LNG export facilities in Canada, the United States and Mexico.
In Canada, the completed Coastal GasLink (CGL) pipeline is the first direct path for Canadian natural gas to reach global LNG markets. In the U.S., we transport nearly 30 per cent of all North American LNG feedstock for export from the Appalachian and Haynesville basins to the U.S. Gulf Coast. And in Mexico, our connectivity provides LNG supply and flexibility to both Europe and Asia, as we support the displacement of coal-fired power generation globally and transition to lower-emission economies.
We are on track to be the first and only energy company delivering natural gas to LNG export facilities in Canada, the United States, and Mexico."
— DR. JULIA NESHEIWAT, Vice President, Policy & Insights
Social
Facts & figures at a glance
$1.8 Billion
$1.8 billion spend with Indigenous and Native American suppliers (Canada and U.S.).
$2.5 million
$2.5 million awarded to students across North America through our Build Strong Scholarships program.
2 per cent
New target to increase the overall representation of women at TC Energy2 by 2 per cent annually over the next three years.
2Includes women and female-identifying individuals at all levels, in all locations (Canada, U.S. and Mexico - both corporate and field locations). Calculated as the share of women in the total force.
Strengthening partnerships with Indigenous communities
TC Energy is committed to building strong, sustainable partnerships with Indigenous communities. In 2023, we introduced our inaugural Canadian Indigenous Equity framework demonstrating our commitment to exploring meaningful opportunities for Indigenous communities to develop equity ownership and long-term revenue sources.
Underscoring our commitment to supplier diversity and economic inclusion, we spent over $1.8 billion with Indigenous and Native American suppliers in Canada and the United States. Additionally, the company awarded over 300 Indigenous Legacy Scholarships in Canada, the U.S. and Mexico, nurturing Indigenous talent and skill development.
Supporting community-led reconciliation initiatives through partnerships with Indigenous groups is also essential. We made meaningful progress in engaging with Indigenous communities and allocated $6.6 million in community investment to initiatives identified by the communities.
Through ongoing collaboration and dialogue with Indigenous groups, we have heard that Indigenous people want to share in the economic prosperity of Canada’s resource economy through ownership and resource development that will lead to greater economic self-sufficiency and self-determination.”
— PATRICK KEYS, Executive Vice-President and General Counsel, Chief Sustainability Officer (CSO)
(Excerpted from ‘Q&A with the CSO’, Report on Sustainability 2024)
Governance
Facts & figures at a glance
38 per cent
Diversity on our Board – 38 per cent women and commitment to at least one racially or ethnically diverse member.3
$13 Million
$13 million in R&D investments to enhance safety, efficiency and reliability – generating over $140 million in value in 2023.
Over 4,000
Over 4,000 qualified suppliers governed by our responsible procurement practices.
3Racially and/or ethnically diverse members includes Aboriginal peoples (means persons who are Indigenous, Inuit or Metis) and members of visible minorities (means persons, other than Aboriginal peoples, who are non-Caucasian in race or non-white in colour).
Enhancing energy sector sustainability with technology
TC Energy's strategic approach includes embracing sustainability as a catalyst for innovation. We consistently invest in leading-edge technology and research and development (R&D) projects to enhance the safety, efficiency and reliability of assets and operations.
In 2023, we were recognized with the Pipeline Research Council International (PRCI) In-Kind Support Award, celebrating 50 years of contributions to pipeline research. This award is given to companies that go above and beyond to support advancements in the field.
We also collaborate with organizations working to provide innovative solutions for our industry. Recent initiatives include partnering with Qube Technologies to develop continuous real-time methane emissions monitoring technology and supporting the Intelligent Pipeline Integrity Program (iPIPE), of which TC Energy is a member. iPIPE has successfully launched three satellites with hyperspectral sensors, enabling leak detection testing performance from space.
We will continue to manage our portfolio in support of the evolving energy needs in North America and globally, with sustainability considerations embedded in our decision-making processes, supported by robust governance principles and strong Board oversight of ESG and climate matters.”
— FRANCOIS POIRIER, President & CEO
—JOHN E. LOWE, Chair of the Board of Director
(Excerpted from ‘Message from the CEO & Board Chair’, Report on Sustainability 2024)