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Apollo Global’s CSO talks about knitting sustainability into the culture

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By illuminem briefings 🌎

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on the Wall Street Journal  or enjoy below:

🗞️ Driving the news: Dave Stangis, Apollo Global Management's first chief sustainability officer, discusses integrating sustainability into the firm's culture
• With Apollo managing over $600 billion, including private-equity and private-credit businesses, Stangis highlights the firm's commitment to raising $100 billion in clean energy and climate investments.

🔭 The context: Stangis, a sustainability veteran with over 24 years of experience, has built sustainability teams at Intel and Campbell Soup
• At Apollo, he is focused on creating sustainable investment strategies, emphasizing the importance of data in climate reporting and sustainability management

🌍 Why it matters for the planet: Apollo's sustainability initiatives, including setting climate targets for its Flagship Fund and focusing on clean transition, are significant given its substantial investment portfolio 
• These efforts contribute to the broader transition towards sustainable and responsible investment practices in the financial sector.

⏭️ What's next: Stangis outlines Apollo's approach to sustainability, which includes rigorous due diligence in private investments, enhancing ESG playbooks for companies, and leveraging technology for effective climate reporting 
• Apollo's focus will remain on embedding sustainability across all business operations and investment decisions.

💬 One quote: "It’s definitely been a change. Part of my conversations with the leadership of this company every week—this is a competitive differentiator—if we can build the best team and the best capabilities we want to compete in sustainable investing."

📈 One stat: Apollo aims to deploy $100 billion in clean energy and climate investments by 2030.

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