Apollo Publishes Annual Sustainability Report: Volume 15, “Driving a More Sustainable Future”
Apollo (NYSE: APO) released its Annual Sustainability Report: Volume 15, titled “Driving a More Sustainable Future,” on June 24, 2024. Highlights include the deployment, commitment, or arrangement of $10 billion towards clean energy and climate investments in 2023, aiming toward a $50 billion target by 2027. Additionally, Apollo committed $5.2 million in grants to 22 organizations through the Apollo Opportunity Foundation, an increase from $3 million last year. The report outlines Apollo's sustainability strategy and progress, with insights from Scott Kleinman, Co-President, and Dave Stangis, Chief Sustainability Officer, emphasizing Apollo's dedication to sustainability, decarbonization, and providing flexible capital solutions. The report also includes voluntary disclosures guided by SASB, GRI, UN SDGs, and TCFD recommendations.
- Deployed, committed, or arranged $10 billion towards clean energy and climate investments in 2023.
- Increased grant commitments to $5.2 million, up from $3 million last year.
- Aligned sustainability disclosures with SASB, GRI, UN SDGs, and TCFD recommendations.
- None.
NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today published its Annual Sustainability Report: Volume 15, “Driving a More Sustainable Future.”
The report details notable highlights from the past year and milestones for Apollo’s sustainability program. Select examples include the firm's deployment, commitment or arrangement of
Apollo Co-President Scott Kleinman said, “We view the global transition to a cleaner economy and sources of energy as one of the largest strategic business opportunities of our time. I’m proud of the way Apollo and our people have seized this opportunity to reinforce our position as a leading provider of flexible capital and partner of choice. I also look forward to seeing our teams continue to leverage the broader Apollo ecosystem to expand the scope and influence of our efforts to accelerate growth, value and sustainable practices for the benefit of our firm, clients and partners.”
“We continue to drive meaningful advancements to our Sustainability and environmental, social, and governance data reporting processes, build new capabilities across our sustainability team, provide flexible capital solutions to enable corporates to achieve their decarbonization goals, and more,” said Dave Stangis, Apollo’s Chief Sustainability Officer. “With this strong foundation in place, we believe we have a clear understanding of both risks and opportunities, and seek to share actionable information and insights with our investors, partners and Apollo-managed funds’ portfolio companies.”
The report provides a holistic overview of Apollo’s sustainability strategy and progress updates from across the firm, as well as voluntary disclosures informed by the recommendations of the Sustainable Accounting Standards Board (“SASB”), Global Reporting Index (“GRI”), the UN Sustainable Development Goals (“UN SDGs”) and the Task Force on Climate-Related Financial Disclosures (“TCFD”).
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2024, Apollo had approximately
Contacts
For investors please contact:
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
communications@apollo.com
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1 Deployment, commitment, or arrangement commensurate with Apollo’s proprietary Climate and Transition Investment Framework, which provides guidelines and metrics with respect to the definition of a climate or transition investment. Reflects (a) for equity investments: (i) total enterprise value at time of signed commitment for initial equity commitments; (ii) additional capital contributions from Apollo funds and co-invest vehicles for follow-on equity investments; and (iii) contractual commitments of Apollo funds and co-invest vehicles at the time of initial commitment for preferred equity investments; (b) for debt investments: (i) total facility size for Apollo originated debt, warehouse facilities, or fund financings; (ii) purchase price on the settlement date for private non-traded debt; (iii) increases in maximum exposure on a period-over-period basis for publicly-traded debt; (iv) total capital organized on the settlement date for syndicated debt; and (v) contractual commitments of Apollo funds and co-invest vehicles as of the closing date for real estate debt; (c) for SPACs, the total sponsor equity and capital organized as of the respective announcement dates; (d) for platform acquisitions, the purchase price on the signed commitment date; and (e) for platform originations, the gross origination value on the origination date. Apollo’s proprietary Climate and Transition Investment Framework is subject to change at any time without notice.
FAQ
What is the main highlight of Apollo's Annual Sustainability Report for 2023?
How much has Apollo committed in grants through the Apollo Opportunity Foundation in 2023?
What are Apollo's sustainability targets by 2027?
What reporting frameworks does Apollo's sustainability report follow?
