Apollo Updates
July 30, 2022
Announcing the launch of our 13th Annual ESG Report
Since 2008, Apollo’s ESG program has set the standard for ESG reporting within our industry.
Today, Apollo published our 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.
Key highlights and milestones from the report:
- 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
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.
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In a recent Q&A, Apollo’s Chair of Australia and New Zealand David Moffatt joined us from Sydney to discuss trends impacting the Australian investment and retirement landscape, and what excites him most about the future of Apollo’s platform in the country.
Head of EMEA Global Wealth Management Solutions Veronique Fournier joined Bloomberg TV to discuss growing demand from European wealth investors for semi-liquid private market strategies, including private fixed income products.
Apollo Impact Mission is our dedicated strategy that seeks to leverage our decades of experience in private equity to create impact at scale through its investments.
