Item - 2023.IE6.1
Tracking Status
- This item was considered by Infrastructure and Environment Committee on September 20, 2023 and was adopted with amendments.
- See also MM5.1 - Climate and fiduciary duties of OMERS - by Councillor Dianne Saxe, seconded by Councillor Jamaal Myers
IE6.1 - Presentation from OMERS - Climate and Fiduciary Duties
- Decision Type:
- Presentation
- Status:
- Amended
- Wards:
- All
Committee Decision
The Infrastructure and Environment Committee invited OMERS to make an annual presentation to the Committee on the OMERS Climate Action Plan, and requested OMERS to include more detailed climate plan and progress reports along with the annual Presentations.
Decision Advice and Other Information
George Cooke, Chair of the Board of Directors, OMERS Administration Corporation, Celine Chiovitti, Executive Vice President and Head of Pensions, Katharine Preston, Vice President, Sustainable Investing, and Michael Kelly, Chief Legal and Sustainability Officer, gave a presentation on OMERS Climate Action Plan.
Summary
As requested by City Council in its decision on item MM5.1 at the March 29, 30 and 31, 2023 meeting, representatives from OMERS have been invited to give a presentation on Climate and Fiduciary Duties of OMERS to the Infrastructure and Environment Committee.
Background Information
https://www.toronto.ca/legdocs/mmis/2023/ie/bgrd/backgroundfile-239142.pdf
OMERS Climate Action Plan 2023
https://www.toronto.ca/legdocs/mmis/2023/ie/bgrd/backgroundfile-239110.pdf
Communications
(September 18, 2023) Letter from Laura McGrath (IE.Supp)
https://www.toronto.ca/legdocs/mmis/2023/ie/comm/communicationfile-172266.pdf
Speakers
Motions
That Infrastructure and Environment Committee invite OMERS to make an annual presentation to the Committee on the OMERS Climate Action Plan, and request OMERS to include more detailed climate plan and progress reports along with the annual Presentations.