Omers Sustainability Profile
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 21 is lower than 80% 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 8,880,000 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 three scopes. In 2022, OMERS had total emissions of 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. The previous year, 2021, saw total emissions of approximately 3,939,910,000 kg CO2e, with Scope 1 and Scope 2 emissions reported at 47,000 kg CO2e and 41,000 kg CO2e, respectively. OMERS has not disclosed specific reduction targets or initiatives, nor does it appear to have cascaded data from any parent organization. The absence of documented reduction targets suggests a need for further commitment to climate action within the organisation. Overall, OMERS's emissions data indicates a substantial carbon footprint, particularly in Scope 3 emissions, highlighting the importance of ongoing efforts to address climate change.
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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 |
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Omers's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Omers has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
