Item - 2023.MM5.1

Tracking Status

  • City Council adopted this item on March 29, 2023 without amendments.

MM5.1 - Climate and fiduciary duties of OMERS - by Councillor Dianne Saxe, seconded by Councillor Jamaal Myers

Decision Type:

City Council Decision

City Council on March 29, 30 and 31, 2023, adopted the following:


1.  City Council invite OMERS, in 2023, to present a climate strategy to the Infrastructure and Environment Committee, which:


a. is consistent with OMERS’ net-zero commitment and with a stable climate, i.e. a planet in which global heating increases no further than 1.5 degrees; and


b. demonstrates that it is fulfilling its climate-related fiduciary duties to members.

Background Information (City Council)

Motions (City Council)

Motion to Waive Referral (Carried)

Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM5.1 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.

Motion to Adopt Item (Carried)
Source: Toronto City Clerk at