Tell OMERS to Protect Your Pension and the Planet

Send a letter to OMERS fund managers and your union leaders.

The climate crisis is already costing our communities: threatening infrastructure, flooding basements and underpasses, and creating life-threatening heat events. According to UNDER WATER: The Costs of Climate Change for Canada’s Infrastructure, Canada's infrastructure isn't prepared for the climate crisis, and “these risks are leaving Canadians under water, physically and financially, threatening our future well-being and prosperity.”

In a warming world, your pension fund’s investment decisions matter. OMERS manages $127.4 billion in municipal workers’ retirement savings. OMERS’ investments can have a huge impact on how quickly we can build a zero-emissions economy and rein in devastating community impacts. The decisions of pension funds like OMERS influence whether businesses in Canada and other countries build electric cars and solar panels, or diesel engines and gas pipelines.

OMERS has made progress in its approach to climate change, setting a net-zero emissions by 2050 target, committing to setting interim goals every five years, increasing investments in climate solutions, and releasing a climate action plan in September 2023.

But OMERS continues to invest in the fossil fuel infrastructure and companies that are most responsible for climate breakdown. OMERS must demonstrate how its portfolio can be aligned with what is required to limit global heating to a 1.5°C increase, set targets for reducing the absolute emissions of its portfolio, scale up the percentage of its portfolio devoted to climate solutions, and either show how its significant fossil fuel holdings have credible climate-safe transition pathways or remove these financially risky investments from its portfolio.

OMERS must do more.     

Your retirement savings can help ensure a safe climate and livable planet for you, your fellow municipal workers, and your community.   

Tell OMERS to protect your pension and the planet.