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.
-2 vs industry average
Omers’s score of 37 is higher than 57% 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
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Omers's reported carbon emissions
In 2024, OMERS reported total carbon emissions of approximately 8,490,000 kg CO2e, comprising 599,000 kg CO2e from Scope 1, 882,000 kg CO2e from Scope 2, and 7,290,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive approach to emissions reporting, with all three scopes disclosed.
OMERS has established significant climate commitments, including a target to reduce portfolio carbon intensity by 20% by 2025 and a more ambitious goal of 50% reduction by 2030, both using 2019 as the baseline year. These targets are designed to enhance the sustainability of their investment portfolio and align with industry standards for climate action.
The organization has not reported emissions data for 2023, indicating a potential gap in their annual disclosures. However, their ongoing initiatives demonstrate a commitment to addressing climate change and reducing their carbon footprint. OMERS operates independently, with no cascaded emissions data from a parent organization.
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Omers’s Climate Goals (2030 & 2050)
1 goal2025
20% reduction in all scopes
set a goal to decrease the carbon intensity of our portfolio by 20% by 2025 (based on the WACI metric) using 2019 as the baseline.
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.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Omers
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