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Omers is a prominent Canadian insurance and pension funding services provider, commonly referred to as OMERS. Headquartered in Ontario, Canada, the organisation operates extensively across the country, serving a diverse range of clients within the pension and insurance sectors. Established in 1962, OMERS has grown to become one of Canada's leading pension funds, managing significant assets and delivering reliable retirement solutions.
Specialising in pension fund management and insurance services, OMERS offers a comprehensive suite of products designed to meet the needs of public sector employees and other stakeholders. Its unique investment approach and commitment to long-term growth have positioned OMERS as a trusted leader in the industry. Recognised for its stability and strategic investments, OMERS continues to play a vital role in Canada's financial landscape.
45
DitchCarbon score
+6 vs industry average
Omers’s score of 45 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Insurance Services is among the least carbon-intensive industries
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Omers's reported carbon emissions
OMERS, headquartered in CA within the Insurance and pension funding services industry, reported approximately 8.7 million kg CO2e in total Scope 1, 2, and 3 emissions for 2024. This includes around 599,000 kg CO2e from Scope 1, 882,000 kg CO2e from Scope 2, and 7,290,000 kg CO2e from Scope 3.
In 2023, OMERS's reported Scope 3 investments emissions were approximately 3.13 billion kg CO2e. For 2022, total emissions were around 3.38 billion kg CO2e, and in 2021, they were approximately 3.94 billion kg CO2e. The total emissions for 2020 were about 5.12 billion kg CO2e. In 2019, Scope 3 investments emissions were approximately 4.59 billion kg CO2e.
OMERS has set near-term climate commitments, including a goal to reduce portfolio carbon intensity by 50% by 2030, using 2019 as the baseline year, for all scopes. Additionally, they aim to decrease the carbon intensity of their portfolio by 20% by 2025, also based on 2019 levels and measured by the Weighted Average Carbon Intensity (WACI) metric.
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Omers’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Omers1 month ago
45
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