How We Are Building the
Apollo Sustainability Ecosystem

At Apollo, we work every day to lead responsibly and leverage our full platform to create positive impact at scale. Since formalizing our ESG engagement and reporting program in 2008, we have engaged with hundreds of portfolio companies through reporting, site visits, and conferences to help drive sustainability, climate action, employee engagement, and responsible citizenship across the organizations. Today, our commitment to sustainability remains a defining attribute of our Firm and embedded in our culture. Apollo strives to be an industry leader in ESG data collection, transparency, and engagement with portfolio companies.

We are taking sustainability to a new level at Apollo, leveraging it as a growth strategy for the Firm and our clients. By using sustainability as a driver of opportunity, we can help the companies in which Apollo-managed funds invest become better companies through engagement initiatives and empowering every employee to make a difference.

Recent Sustainability
Achievements:

• Hired first Chief Sustainability Officer, Dave Stangis, and appointed Heads of ESG for Private Equity, Carletta Ooton, and Credit, Michael Kashani.
• Established a Sustainability and Corporate Responsibility Committee (“S&CR”) of the Board of Directors of AGM.
• Launched a comprehensive sustainable investing platform spanning asset classes that will target 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.
• Created the Expanding Opportunity initiative focused on creating more opportunities for employees, companies, and communities to build a more inclusive and sustainable economy.
• Launched the Apollo Opportunity Foundation with a 10-year, $100 million commitment to invest in nonprofits that support career education, workforce development, and economic empowerment.
• Implemented a sector-specific and materiality-based ESG Credit Risk Rating framework for corporate and real estate issuers and introduced an enhanced due diligence process for certain directly originated and private credit transactions.
• Set a new goal to reduce median carbon intensity by 15% over the projected hold period for new control investments in our flagship private equity strategy, except when a portfolio company beats the sector benchmark by 10% or emissions are de minimis.
• Reached and exceeded our target of 30% diverse representation (racial/ethnic and gender diversity for U.S. companies and gender diversity only in non-U.S. companies) on the boards of certain companies that are controlled by Apollo-managed private equity funds.
• Formalized a supplier diversity program with the goal of achieving more than $1 billion in direct and indirect spending with diverse suppliers across the portfolio, focusing on like-for-like impact growth of portfolio companies and targeting 20% year-over-year growth in diverse spend.
• Established a hybrid work model that supports Apollo’s high-performing mindset culture.

1. As of January 1, 2022. This only reflects the sustainability of AAM and does not include Athene and Athene’s subsidiaries. This graphic depicts a simplified sustainability ecosystem of AAM and is not intended to convey the structure and full scope of reporting lines within that ecosystem.