Omers
OMERS, officially known as the Ontario Municipal Employees Retirement System, is a leading Canadian pension fund headquartered in Toronto, Ontario. Established in 1962, OMERS has grown to become one of the largest pension plans in Canada, managing a diverse portfolio across various sectors, including infrastructure, private equity, and real estate. With a strong focus on long-term investment strategies, OMERS offers unique services that cater to the retirement needs of municipal employees. The fund is renowned for its innovative approach to asset management and commitment to sustainable investing. Over the years, OMERS has achieved significant milestones, solidifying its position as a key player in the global investment landscape. Its dedication to delivering value to its members and stakeholders sets OMERS apart in the competitive pension fund industry.
DitchCarbon Score
How does Omers's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Omers's score of 30 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Omers's reported carbon emissions
In 2024, OMERS reported total carbon emissions of approximately 8,210,000 kg CO2e, comprising 599,000 kg CO2e from Scope 1, 882,000 kg CO2e from Scope 2, and a significant 7,290,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive approach to emissions reporting, covering all relevant scopes. In previous years, OMERS has shown a notable trend in emissions. For instance, in 2022, total emissions were about 3,381,652,000 kg CO2e, with Scope 1 emissions at 47,000 kg CO2e, Scope 2 at 49,000 kg CO2e, and Scope 3 at 124,000 kg CO2e. In 2021, total emissions were approximately 3,939,910,000 kg CO2e, with Scope 1 and Scope 2 emissions similar to those in 2022. Despite the detailed emissions reporting, OMERS has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The organisation's climate strategy appears to be in the early stages, focusing on transparency in emissions reporting without established reduction goals. OMERS operates independently, with no emissions data cascaded from a parent organisation. The emissions data is sourced directly from OMERS Administration Corporation, ensuring that the reported figures accurately reflect the organisation's own operations.
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| 2021 | 2022 | 2024 | |
|---|---|---|---|
| Scope 1 | 47,000 | 00,000 | 000,000 |
| Scope 2 | 41,000 | 00,000 | 000,000 |
| Scope 3 | - | 000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Omers is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
