Apollo Global Management is an asset manager, headquartered in New York. The financial institution provides investment management services and invests in credit, private equity, and real assets. As of 2021, it has 2153 employees and USD 498 billion in assets under management.
Apollo Global Management has a grievance mechanism accessible to all workers, external individuals and communities to raise human rights complaints or concerns. The financial institution has a policy prohibiting bribery and corruption. Apollo Global Management has a grievance mechanism for stakeholders to raise concerns and complaints regarding bribery and corruption. The financial institution discloses a public commitment to protect personal data.
In terms of its approach to senior leadership accountability, there is no evidence that the financial institution assigns responsibility for sustainability to the group’s highest governing body. Moreover, there is no evidence that the financial institution links the remuneration of its executive or management teams to sustainability performance criteria. In terms of gender equality, while the asset manager has established the Apollo Women Empower initiative, it could also make a public commitment to gender equality and women’s empowerment. In terms of female representation in leadership positions, women are underrepresented on the board of directors where only three out of 12 board members are women. It also has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. While Apollo Global Management mentions engagement in its ESG report, it could describe its engagement approach on sustainability themes and impact topics with investees.
There is no evidence that the Apollo Global Management discloses a target to reach net-zero financed emissions by 2050. The financial institution has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. There is no evidence that Apollo Global Management discloses its financing activities devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.
While the asset manager indicates that it engages with applicable investments on ESG matters, including human rights, it could make a publicly available policy statement committing it to respect human rights. Apollo Global Management has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group, race or ethnicity, or another indicator of diversity. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of investments directed towards low-income developing countries.