Scott Kleinman
Co-President of Apollo Asset Management
Apollo’s Responsible & Sustainable Reporting Program, now in its 16th year, seeks to measure the progress of Apollo-managed funds’ portfolio company sustainability performance by collecting annual responses to an in-depth questionnaire composed of more than 100 quantitative and qualitative questions. The 2024 Responsible & Sustainable Reporting Portfolio Supplement includes highlights from select companies that participated this year’s Reporting Program.
We launched AOF in 2022 with a commitment to invest more than $100M over the next decade to employee-nominated organizations around the globe that help to expand opportunity.
Apollo is committed to responsible governance, exemplified by our practices and principles, setting a strong example for Apollo-managed funds' portfolio companies and the industry. Our Board of Directors continues to guide senior management and oversee risk management to create a comprehensive, top-down approach to governance.
Apollo is committed to responsible environmental stewardship, and we believe that companies that proactively assess and manage material environmental risks and seize corresponding opportunities can perform better and be better positioned for the long term.
Apollo aims to attract and retain the best talent and build a modern, high-performance culture that enables us to deliver positive outcomes on behalf of our clients and shareholders. We invest in employee growth, development, health and well-being, and opportunity through various programs and initiatives.
Across our business, we take a patient, creative and informed approach to investing that seeks to align the interests of our clients, the companies our funds invest in and the communities we serve, to drive positive outcomes. As fiduciaries, we believe it is our responsibility to integrate sustainability considerations where they are financially material.
Apollo's Sustainable Investing Platform (SIP) leverages our deep experience across asset classes to deploy capital, at scale, in key sectors driving the energy transition and industrial decarbonization. Leveraging the Firm’s vast origination networks and established sustainability ecosystem, SIP marries the core principles of Apollo’s value-oriented playbook — maintaining price discipline and delivering excess return per unit of risk — with Apollo’s rigorous proprietary investment frameworks.
1. Apollo's 2024 Scope 3 reporting includes emissions from Fuel and Energy-Related Activities (Category 3), Waste Generated in Operations (Category 5) and expanded emissions from Purchased Goods and Services (Category 1).
2. As of December 31, 2024. Firmwide targets (the “Targets”) to deploy, commit, or arrange, commensurate with Apollo’s proprietary Climate and Transition Investment Framework (the "CTIF"), (1) $50B by 2027 and (2) more than $100B by 2030 toward clean energy and climate capital opportunities. The CTIF, which is subject to change at any time without notice, sets forth certain activities classified by Apollo as sustainable economic activities ("SEAs"), and the methodologies used to calculate contribution towards the Targets. Only investments determined to be currently contributing to a SEA in accordance with the CTIF are counted toward the Targets. Under the CTIF, Apollo uses different calculation methodologies for different types of investments in equity, debt and real estate. For additional details on the CTIF, please refer to our website here: https://www.apollo.com/strategies/asset-management/real-assets/sustainable-investing-platform
3. AAM and Athene calculated volunteer hours as separate entities. AAM employees volunteered 11,900 hours, and Athene employees volunteered 8,500 hours.
4. Amount includes employee donations and Athene match.2. Amount spread over the next five years.
