Apollo Global Management

Investing In Tomorrow, Today.

Annual Sustainability Report: Volume 14

Since 2009, Apollo has proudly published a comprehensive summary of our approach to sustainability across our ecosystem. We’re pleased to present a full account of our activity and progress during 2022 in our 14th Annual Sustainability Report.

Read Apollo's 2022 Sustainability Report Read the 2022 ESG Reporting Supplement

At Apollo, we’re in the business of making things better. Every action and every day, we are focused on making things better for our investors, shareholders, communities, employees, and the environment. This approach is embedded in our business, culture, and operations. We are excited to present the 2022 Sustainability Report, which details how we accelerated our efforts in the past year.

Marc Rowan Chief Executive Officer

There is great energy at Apollo around what we can do for our business and our communities, because we have aligned these objectives. I’m really proud of what we have accomplished, and looking forward we will continue to keep our focus on how we can be exceptional stewards for our clients.

Dave Stangis Chief Sustainability Officer

Governance

Apollo’s sustainability strategy prioritizes creating economic value for our shareholders and serving the needs of our clients and employees in a responsible way that can lead to long-term positive contribution to the communities in which we operate. We believe that addressing the perspectives of our constituents maximizes the long-term potential of our clients' portfolios, creating value at scale.

Our approach to governance is grounded in transparency and trust. We pride ourselves on being a responsibly managed company, exemplified in our governance practices and by the standards to which we hold ourselves accountable.

Environment

Apollo strives to enable more sustainable operations and be a catalyst for improved ESG performance and data management. We are proactively working to reduce our own operational footprint while integrating relevant climate risk considerations, as well as accelerating our capabilities for decarbonization and investment-related financed emissions reporting, where applicable. A highlight of our efforts was achieving carbon-neutral operations for 2022 Scope 1 and Scope 2 emissions across our global corporate offices.*

2022 Operational Energy and Emissions Footprint

In 2022, Apollo reported operational energy and emissions footprint data representative of both Apollo Asset Management, Inc. (“AAM”), our alternative asset management business, and Athene Holding Ltd. (“Athene”), our retirement services business. This marks a new baseline for future reporting periods.

		2019	2020	2021	2022
					SUBSIDIARIES	CONSOLIDATED
Total Energy Consumed (MWh)	Apollo	7,396.77	7,662.03	7,071.09	9,974.31	24,612.22
Total Energy Consumed (MWh)	Athene	13,936.81	13,932.23	14,194.70	14,637.91	24,612.22
Total Energy Consumption Intensity (MWh/employee)	Apollo	5.21	4.43	3.28	3.93	5.79
Total Energy Consumption Intensity (MWh/employee)	Athene	10.49	10.30	10.15	8.55	5.79
Scope 1 GHG emissions (MT CO₂e)	Apollo	169.55	211.05	232.53	229.51	1,170.32
Scope 1 GHG emissions (MT CO₂e)	Athene	1,713.03	441.55	643.33	940.81	1,170.32
Scope 2 GHG emissions (MT CO₂e)	Apollo	2,616.03	2,464.37	2,788.51	3,996.89	8,545.40
Scope 2 GHG emissions (MT CO₂e)	Athene	6,715.91	6,898.32	4,868.62	4,548.51	8,545.40
Scope 3 GHG emissions (MT CO₂e)	Apollo	2,333.00	777.01	1,724.80	10,481.37	10,481.37
Scopes 1 and 2 GHG emissions intensity (MT CO₂e /employee)	Apollo	1.96	1.55	1.40	1.66	2.28
	Athene	6.35	5.42	3.94	3.21	2.28

*Carbon neutral was achieved in 2022 by AAM, not Apollo Global Management ("AGM"), due to data verification limitations.

Human Capital

We strive to build a high-performance culture that reflects our entrepreneurial spirit and “One Apollo” mindset—intelligent, nimble, and intensely collaborative. We believe we benefit from having some of the most exceptional people in the industry, and Apollo’s culture is in constant and rapid evolution along with our people.

Community Impact and the Apollo Opportunity Foundation

The Apollo Opportunity Foundation seeks to expand opportunity in communities where we live and work around the globe by deploying our capital and engaging our people to invest in career education, workforce development, and economic empowerment.

ESG Integration at Apollo

We believe that managing relevant ESG risks and realizing opportunities make us better investors and stewards of our investors’ capital by positioning Apollo-managed funds' portfolio companies and other investments for potential sustainable financial success.

Private Equity

Apollo’s equity business strategy seeks to drive value across Apollo-managed funds’ portfolio companies, which helps create value for our clients and can result in positive impacts for people, the planet, and communities.

Read the 2022 ESG Reporting Supplement

Credit

Our largest segment by assets under management, Apollo’s credit strategy spans the full financing universe across private and public markets. Apollo has built an ESG Credit platform that equips and empowers our investment professionals, not only those with ESG in their title.

In 2022, we focused on strengthening our collaboration with portfolio companies to help them drive value through GHG emissions reduction and supplier diversity initiatives, and we continue to build processes and create tools that will help portfolio companies meet their targets.

Carletta Ooton Head of ESG, Private Equity

We believe our credit capabilities are key differentiators for Apollo, offering avenues to engage with issuers and incorporate relevant ESG considerations to help drive returns for investors.

Michael Kashani Head of ESG, Credit

Infrastructure

Apollo’s infrastructure business places an emphasis on clean energy, including wind and solar energy, energy storage, and energy efficiency services. The platform employs a hybrid investment approach, deploying capital across three primary investment pathways, including significant equity investments, corporate carve-outs, and structured solutions.

Real Estate

Apollo’s Real Estate franchise spans all three of Apollo’s strategies: equity, hybrid, and yield. Our Real Estate vertical works in close collaboration with Apollo’s businesses and utilizes the same value-driven approach to source, underwrite, and structure transactions. Within the Real Estate vertical, ESG incorporation generally begins with identifying relevant issues in the due diligence and underwriting process.

Sustainable Investing and Impact Platforms

Through our Sustainable Investing Platform and Apollo Impact Mission strategy, we match our enterprise goals and experience with opportunities to help make a positive difference in communities and drive risk-adjusted returns for investors.

Sustainable Investing Platform

Apollo’s Sustainable Investing Platform combines Apollo’s long-standing commitment to ESG with our experience in sustainability, clean energy, and climate capital investing. Through the Platform, Apollo-managed funds provide capital to entities contributing to the energy transition, industrial decarbonization, sustainable mobility, sustainable resource use, and sustainable real estate.

Apollo Impact Mission

The Apollo Impact Mission strategy seeks to achieve meaningful impact at scale, by pursuing private equity–like opportunities with the intention of making a positive, measurable social and/or environmental impact while generating attractive risk-adjusted returns. We adhere to a rigorous impact investment philosophy that targets investments centered around two critical objectives— helping people and healing the planet.

View Last Year's Sustainability Report

Read a comprehensive account of our ESG progress during 2021 in our ESG Annual Report: Volume 13.

2021 ESG Annual Report