The Evolution of Sustainable Credit & Platforms at Apollo (Volume IV): Expanding the Reach of Sustainability

Building on Apollo’s longstanding commitment to transparency, this whitepaper provides an in-depth look into the foundational approach and recent developments undertaken by our Sustainable Credit & Platforms Team.

Michael Kashani | Managing Director, Head of Sustainable Credit & Platforms, Primary Author
Lori Shapiro | Principal, Senior Stewardship and Engagement Specialist, Primary Author

Apollo’s firmwide approach to sustainability is grounded in a philosophy of driving value creation while addressing stakeholder expectations. The Sustainable Credit & Platforms partners with investment professionals to incorporate material sustainability risks and opportunities into investment diligence and decision-making processes.

Key Takeaways:

• Since the publication of our inaugural Whitepaper, the Apollo Sustainable Credit & Platforms (“SCP”) Team has continued to scale coverage, supporting teams and strategies across Apollo and a number of its origination platforms. This scale has been achieved by adapting existing frameworks and expanding our partnership with additional teams across the firm and our platforms.
• Apollo’s Sustainability Risk Assessment Framework is designed to be robust and scalable, providing a structured approach to identifying and assessing sustainability risks and opportunities that are material to investment outcomes. In 2025, Apollo focused on expanding the reach of its Sustainability Risk Assessment Framework by increasing its application across a larger volume of investments, reinforcing consistent integration across the platform.
• With enhanced sustainability due diligence, Apollo’s investment teams are equipped to assess an entity’s sustainability strategy, performance, risks, and opportunities at an early stage in the investment life cycle. In 2025, this diligence supported the early identification of material sustainability risks and value creation opportunities across investments, informing underwriting and investment decision-making.
• Apollo believes engagement can be an integral part of the lending and investment process, and can play a meaningful role in encouraging positive changes in disclosure, behavior, and decision-making, thereby driving value creation and addressing stakeholder expectations. In 2025, Apollo’s Sustainable Credit & Platforms Team achieved increased engagement across its four key stewardship and engagement pillars: transparency and disclosure, financing the energy transition, theme-driven, and company-specific.
• Apollo remains steadfast in our commitment to utilize our deep experience to provide capital solutions that can drive the transition to a more sustainable future. In response to market demand, in 2025, Apollo launched several strategies with sustainability-related investment guidelines and introduced innovative transition financing structures.
• Apollo remains actively engaged in initiatives that aim to advance value creation across the private credit markets and support our clients’ reporting needs. This is demonstrated by Apollo’s work as the inaugural Chair, and now Chair Emeritus, of the Integrated Disclosure Project (“IDP”) Executive Committee, as well as active roles in other industry initiatives.
• As part of our longstanding commitment to transparency, the Sustainable Credit & Platforms business continues to expand the scope and depth of reporting, leveraging both internal and external data to generate periodic sustainability reporting for an increasing number of Apollo-managed funds and accounts.