Established in 1962, the Ontario Municipal Employees Retirement System (“OMERS”) is responsible for the pensions of over half a million employees from local agencies across Ontario. As at December 31, 2019, they had $CAD 109 billion of assets under management.
As part of its responsible investment approach, OMERS integrates specific environmental, social and governance (ESG) considerations when assessing potential new investments and monitoring investee companies. With regards to Climate Change, OMERS works to mitigate this issue by pricing climate-related financial risks. Further, they engage with portfolio companies to improve their reporting and transparency in order to improve their understanding of climate risks. Finally, OMERS supports the Task Force on Climate-Related Financial Disclosures (TCFD) and collaborates with peers through the Investor Leadership Network (ILN).
Statement of Investment Beliefs