What Role Will Fintech Play in Apollo’s $100bn Green Push?
With US$751bn in assets under management and a goal to deploy US$100bn into climate and energy investments by 2050, Apollo Global Management is turning intent into infrastructure – and fintech is playing a central role.
At the heart of Apollo’s 2024 Sustainability Report lies a theme that feels especially relevant to the digital age: scale. Not just scale in terms of capital, but in technology, transparency and tools that empower the entire financial ecosystem – from infrastructure investors to next-gen digital banks.
“We aim to be a partner of choice in the new economy, where energy demands are growing,” says Scott Kleinman, Co-President of Apollo Asset Management. “Apollo’s strengths – long-term, flexible capital; deep client relationships; and a solutions-oriented mindset, coupled with our sustainability expertise – allow us to address complex, large-scale financing needs that public markets cannot address alone.”
Why fintech matters for climate capital
But meeting the climate moment takes more than just capital. It demands smart capital – and this is where fintech intersects with Apollo’s mission.
Digital payments, neobanks and embedded finance solutions have upended traditional finance, but they’ve also unlocked new ways to mobilise capital quickly and inclusively.
As Apollo expands its climate and energy transition investments, it’s also strengthening the infrastructure needed to track, measure and deliver impact at portfolio scale – a job tailor-made for fintech tools and digital platforms.
“We’re scaling reporting efforts to increase transparency, developing new tools for value creation and expanding risk assessment and value creation capabilities across our teams,” says Dave Stangis, Chief Sustainability Officer at Apollo.
That word again: scaling. From integrated ESG dashboards to AI-powered due diligence and digital carbon accounting, Apollo’s approach to decarbonisation is as much about data as it is about dollars.
Milestones and targets in 2024
In 2024 alone, Apollo committed, deployed or arranged US$30bn in climate and energy-related investments – a giant stride towards its target of US$50bn by 2027. Part of that progress comes from embedding sustainability risk assessments into new investment strategies, as well as expanding Scope 3 GHG emissions reporting – often the most elusive metric in a company’s climate playbook.
And it’s not just about Apollo’s own footprint. The firm is actively helping its portfolio companies – many of them in industries lagging in digitalisation – build health and safety programmes, create Scope 3 management systems and adopt playbooks that align financial returns with environmental outcomes.
Building the green economy through innovation
“Since Apollo’s founding 35 years ago, we continue to challenge assumptions, identify white space and bring innovative solutions to the market,” says Marc Rowan, Chief Executive Officer at Apollo. “With our integrated approach, we believe Apollo is uniquely positioned to drive positive impact through everything we do – from how we invest, to how we lend, to how our Firm operates globally.”
That integrated approach includes bolstering what Rowan calls the “Global Industrial Renaissance” – signalling a pivot in how capital is flowing into next-gen energy, digital infrastructure, and yes, the fintech solutions underpinning them all.
From awards to action: turning purpose into results
Apollo is also putting its people to work, with employees volunteering nearly 20,000 hours last year and partnering with others in the financial ecosystem to accelerate financing for renewable energy and infrastructure. It's an approach that’s earned it awards like Climate Transition Fund Manager of the Year and inclusion among America’s Greenest Companies – accolades that matter to the investors and startups shaping the digital finance space.
Whether it’s structuring sustainable finance vehicles, investing in digital-first banks with green ambitions, or enabling real-time ESG reporting through fintech integrations, Apollo’s push into sustainability reveals a clear truth: the future of green finance is also the future of smart, digital finance.
And Apollo, it seems, wants to be at the centre of both.
