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HM Treasury, officially known as Her Majesty's Treasury, is the British government department responsible for developing and executing the government's public finance policy and economic strategy. Headquartered in Great Britain, HM Treasury plays a pivotal role in public administration, defence services, and compulsory social security services. Established in the 12th century, it has evolved significantly, with key milestones including the introduction of the modern budget process in the 19th century.
The Treasury's core services encompass fiscal policy formulation, economic management, and public spending oversight, distinguishing it through its commitment to transparency and accountability. As a central player in the UK's economic landscape, HM Treasury has achieved notable recognition for its role in managing the nation's finances, particularly during times of economic uncertainty. Its strategic initiatives continue to shape the financial framework of the United Kingdom, ensuring sustainable growth and stability.
0 vs industry average
HM Treasury’s score of 29 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Public Administration has below-average carbon intensity
The Public Administration industry has reduced its overall emissions by 30% since 2018
No reported emissions data is available for HM Treasury yet.
HM Treasury, a public administration and defence services provider in GB, reported Greenhouse gas emissions of approximately 66,000 tonnes CO2e for the 2018 financial year. For 2017, reported total CO2 emissions were about 50,000 tonnes CO2e. In 2016, total CO2 emissions were approximately 79,000 tonnes CO2e, and in 2015, they were around 92,000 tonnes CO2e. The earliest reported total CO2 emissions were approximately 67,000 tonnes CO2e in 2014. These emissions data are not specified by scope.
HM Treasury has set several near-term absolute reduction targets. For Scope 1 emissions, they aim to reduce emissions by at least 30% from a 2017-18 baseline by 2025, specifically targeting domestic business flights. Additionally, they aim to reduce Scope 1 emissions by 30% from a 2020 baseline by 2025. For Scope 2 emissions, the target is to reduce emissions from domestic business flights by at least 30% from a 2017-18 baseline by 2025, and an overall 25% reduction from a 2020 baseline by 2025.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.


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