Introduction
Global demand for reliable, affordable and secure energy is growing. This emphasizes the need for an energy system that considers rising global greenhouse gas (GHG) emissions while advancing economic growth and energy security—and TC Energy has a pivotal role to play.
Our annual Report on Sustainability offers a comprehensive overview of our sustainability-related endeavors and summarizes the progress we have made towards our targets—underscoring our ongoing commitment to transparency and accountability to our rights holders, stakeholders and shareholders.
Environment
Facts & figures at a glance
12 per cent
Achieved a 12 per cent reduction in methane emissions from our 2019 baseline.
$8.7 Million
Invested $8.7M in environmentally-focused community initiatives to advance biodiversity and climate resilience.
Over 155,000
Planted over 155,000 seedlings across 50 hectares to restore caribou habitats.
A lower-carbon future and our responsibility
We are focused on a pragmatic and financially disciplined strategy that focuses on progressing emissions reduction efforts across our assets and investing in low-carbon technologies—effectively balancing energy security, affordability and sustainability.
We have introduced a methane-intensity target, underlining our commitment to operational GHG emissions reductions. With a 40 to 55 per cent reduction by 2035 in our methane intensity from our 2019 baseline, we’ve advanced the application of operational best practices and made targeted investments to enhance performance across our footprint.
Our updated climate strategy prioritizes a pragmatic approach that strives to strike the balance between meeting growing energy demand and addressing rising global emissions."
— SHARON TOMKINS, Vice-President, Chief Sustainability Officer (CSO)
Promoting a learning mindset in alignment with safety values
To promote a culture where everyone has a learning mindset, we embed Human and Organizational Performance (HOP) principles into our safety training, programming and informal activities.
By cultivating a learning culture, HOP principles play a key role in reinforcing psychological safety, empowering employees to speak without fear of blame. This approach fosters an environment where employees and contractors feel safe reporting issues and are motivated to collaborate towards continuous improvement.
In 2024, to build frontline confidence and competency in HOP principles, TC Energy provided HOP Foundations Training to over 400 employees, added 40 new HOP coaches to our network and completed approximately 400 HOP overview sessions with various projects and operational teams. By integrating HOP principles in our day-to-day work, we can work together to help prevent incident recurrence and Serious Injury and Fatality (SIF) incidents.
Safety in every step, 24/7, 365 days a year, is a core element of everything we do. It drives our culture, shapes our operations and upholds the trust placed in us by our stakeholders."
— FRANÇOIS POIRIER, President and CEO and JOHN E. LOWE, Chair of the Board of Director
Governance
Facts & figures at a glance
40 per cent
As of December 31, 2024, six of 15, or 40 per cent, of director positions were held by women.
$11 Million
We achieved our cost avoidance target through digital and technological innovations, reducing unplanned downtime, identifying declining equipment performance and improving operational reliability, creating long-term value for our stakeholders.
20 per cent
With 20 per cent1 of our 15-member Board of Directors coming from racially and ethnically diverse backgrounds2 , we embrace the unique perspectives that drive our collective success.
1 See our Board Diversity Policy and 2025 Management Information Circular for additional information including information on board composition following our 2025 annual meeting.
2 Racially and/or ethnically diverse members includes Aboriginal peoples (means persons who are Indigenous, Inuit or Métis) and members of visible minorities (means persons, other than Aboriginal peoples, who are non-Caucasian in race or non-white in colour).
Measuring our impact instead of dollars
By measuring impact instead of dollars, we are moving our focus away from inputs in dollars towards the ultimate goal—improving people's lives. For example, our social impact measurement framework allows us to track not just the financial support provided to local food banks, but also the number of families served, their demographics and whether receiving food assistance will enable them to reallocate funds to other basic needs.
With key performance indicators (KPIs) for each focus area, the new framework provides transparency for community partners, supports their understanding of TC Energy's community giving strategy and helps jointly identify what is working so we can build on it together. In 2025, community partners began completing post-grant reporting to evaluate actual program outcomes against desired outcomes.
Building on our long history of operating with integrity, our seasoned team of experts work every day to create tangible, long-lasting value for the communities we serve both at home and across the globe."
— FRANÇOIS POIRIER, President and CEO and JOHN E. LOWE, Chair of the Board of Director
Social
Facts & figures at a glance
Zero incidents
Our Power & Energy Solutions business is putting safety in every step, with zero lost time, medical aid or recordable motor vehicle incidents in 2024.
75 per cent
Exceeded our 65 per cent target in our workforce giving and volunteering program.
$5 Million
Provided over $5M to Indigenous community-led initiatives to reinforce economic growth.