Apollo Publishes 13th Annual ESG Report “Driving a More Sustainable Future”
August 01 2022 - 8:30AM
Apollo Global Management, Inc. (NYSE: APO) (together with its
consolidated subsidiaries, “Apollo”) today published its 13th
annual ESG report, Driving a More Sustainable Future.
For the first time, the report includes disclosures aligned with
the recommendations of the Task Force on Climate-Related Financial
Disclosures (“TCFD”). The report was also informed by several other
recognized frameworks, including the UN Sustainable Development
Goals, and provides a comprehensive overview of Apollo’s
sustainability strategy and the firm’s ongoing efforts to create
positive impact at scale.
“For over a decade, we have been stewards of ESG integration,
embedding sustainability into our business, culture and operations.
This past year has been about building on our strong foundation to
maximize impact at every touchpoint and engaging our employees at
every corner of the company,” said Marc Rowan, CEO of Apollo. “We
continue to make progress against our goal of supporting energy
transition and decarbonization efforts, and we have remained
focused on expanding opportunity to contribute to a more inclusive
economy. We recognize we need to do more, and we are committed to
taking deliberate actions that leverage the full Apollo ecosystem
to help drive a more sustainable future.”
Our 13th annual ESG report includes notable highlights and
milestones for Apollo, including:
- Strengthening the Firm’s
leadership bench of sustainability experts by hiring the
Firm’s first Chief Sustainability Officer, Dave Stangis, and Heads
of ESG for Private Equity, Carletta Ooton, and Credit, Michael
Kashani
- Launching a comprehensive
sustainable investing platform spanning asset classes that
targets deploying $50 billion in investments toward energy
transition and decarbonization over the next five years and sees
the opportunity to deploy $100 billion by 2030
- Further advancing Apollo’s
mission to expand opportunity with the launch of the
Apollo Opportunity Foundation, a 10-year, $100 million commitment
to invest in nonprofits, and formalizing a supplier diversity
program with the goal of achieving more than $1 billion in direct
and indirect spending with diverse suppliers across the
portfolio
- Enhancing
governance by establishing a Sustainability and Corporate
Responsibility Committee of the Board of Directors of Apollo
- Launching a comprehensive
Climate Strategy to advance the Firm’s strategic climate
agenda with a focus on enhancing diligence, identifying climate
risks and opportunities, measurement and reporting, and driving
real economy carbon reduction at the corporate and business
levels
“We see sustainability as a key enabler of Apollo’s growth
strategy, and we believe taking a strategic, comprehensive approach
to sustainability can unlock value for all our stakeholders,” said
Dave Stangis, Apollo’s Chief Sustainability Officer. “This year’s
report outlines how we are using sustainability as a driver of
opportunity for both Apollo and the companies in which
Apollo-managed funds are invested.”
The report underscores Apollo’s fully integrated platform,
decades of investment expertise, historical leadership in ESG data
collection and reporting, and strategic approach to drive
measurable progress.
You can view Apollo’s 13th annual ESG report and ESG
Reporting Program Summary.
About Apollo
Apollo is a global, high-growth alternative asset manager. In
the asset management business, Apollo seeks to provide its clients
excess return at every point along the risk-reward spectrum from
investment grade to private equity with a focus on three business
strategies: yield, hybrid, and equity. For more than three decades,
Apollo’s investing expertise across its fully integrated platform
has served the financial return needs of its clients and provided
businesses with innovative capital solutions for growth. Through
Athene, Apollo’s retirement services business, it specializes in
helping clients achieve financial security by providing a suite of
retirement savings products and acting as a solutions provider to
institutions. Apollo’s patient, creative, and knowledgeable
approach to investing aligns its clients, businesses it invests in,
its team members, and the communities it impacts, to expand
opportunity and achieve positive outcomes. As of March 31,
2022, Apollo had approximately $513 billion of assets
under management. To learn more, please
visit www.apollo.com.
Apollo Contacts
For investor inquiries regarding Apollo, please contact:
Noah GunnGlobal Head of Investor RelationsApollo Global
Management, Inc.(212) 822-0540IR@apollo.com
Joanna RoseGlobal Head of Corporate CommunicationsApollo Global
Management, Inc.(212) 822-0491Communications@apollo.com
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