OMERS (Ontario Municipal Employees Retirement System) is one of Canada’s largest defined benefit pension plans, established in 1962 to provide retirement income for more than half a million active, deferred and retired municipal employees in Ontario. Headquartered in the EY Tower in Toronto, OMERS holds C$133 billion in net assets as of 2024 and operates investment offices in North America, Europe and Asia.
The plan manages a global portfolio spanning public equities, private equity, infrastructure, real estate and credit. Environmental, social and governance factors are part of every investment decision, with an aim to reach net-zero emissions by 2050. OMERS has committed to directing $30 billion to environmentally focused projects by 2030 and has already allocated over $21 billion to renewables, energy efficiency and green-certified infrastructure assets. The organization emphasizes responsible management of member contributions, aiming to preserve capital and support stable benefits.
OMERS Ventures supports technology companies in sectors such as financial technology, healthcare, enterprise software, artificial intelligence and sustainable solutions. Through its infrastructure arm, the plan owns and operates renewable energy assets including distributed solar via Navisun, utility-scale solar and storage with FRV Australia and Azure Power, and integrated systems with Groendus. Additional holdings include wind and storage projects through Leeward Renewable Energy and operations services via NovaSource Power Services. Investments in battery technology and materials come through stakes in Group14 Technologies, Northvolt AB and Redwood Materials, covering development, performance improvement and recycling for lithium-ion batteries.
