Apollo Commits $30bn to Climate and Fintech Future

Apollo Global Management, one of the largest asset managers in the world, is putting private capital to work in climate finance on an industrial scale. 

In its 16th Annual Sustainability Report, the firm confirms it has committed or deployed US$30bn towards clean energy and net zero-aligned projects, setting a clear route to US$100bn by 2030. 

But beyond solar fields and storage units, this strategy opens new ground for fintech—driving demand for transparency tools, climate risk modelling and digital infrastructure.

Founded in 1990, Apollo is known for its investments in private equity, credit and real estate. 

Now it’s making environmental finance part of that core strategy, underpinned by an integrated approach to sustainability data and deal flow.

Data, disclosure and fintech innovation

Apollo has been scaling its sustainability data systems to meet growing demands from investors and regulators. In 2024, the firm delivered ESG (Environmental, Social and Governance) reports across more than 150 financial products – a 20-fold increase over the previous year. 

These reports are powered by new data engineering tools that allow Apollo to track emissions and social performance more accurately across its portfolio.

The company introduced a Scope 3 emissions toolkit – Scope 3 refers to indirect emissions from a company’s supply chain and product use – and broadened its emissions accounting to include fuel usage, transport, waste and other inputs. 

This approach revealed a total Scope 3 footprint of 180,563 tonnes of CO₂ equivalent in 2024. 

To maintain its carbon-neutral operations for Scope 1 and 2 emissions (those it directly produces or controls), Apollo relies on carbon removal projects from firms like CarbonCure Technologies and Chestnut Carbon.

Dave Stangis, Apollo’s Chief Sustainability Officer, says the report reflects progress across the company’s teams and investment lines. “This year’s report highlights how 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.

These capabilities are not just internal – they’re becoming products in their own right. As demand rises for fintech that can handle complex sustainability metrics, Apollo is pushing its risk toolkits and scenario analysis into wider use across its investments.

Climate finance reshapes investment focus

Apollo’s climate strategy is not just a sideline. It’s a key part of what CEO Marc Rowan calls a “Global Industrial Renaissance”. That includes energy transition, data infrastructure and digital finance. Rowan notes that “the capital needed for infrastructure, energy transition and next-generation data and power... will scale materially.”

A standout deal in 2024 saw Apollo acquire a 50% stake in a 2 GW solar and battery storage portfolio operated by TotalEnergies in Texas. Another saw US$300m of strategic financing go to SunPower, helping scale residential solar deployment in the US.

Apollo’s fintech and energy focus go hand in hand. New climate-aligned assets require platforms that can model long-term risk, monitor carbon pricing, and track sustainable performance in real time – with fintech tools traditionally absent in legacy infrastructure finance.

Scott Kleinman, Co-President of Apollo Asset Management, sees this as a private capital opportunity. “Our 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.”

Apollo’s US$751bn in total assets under management give it the scale to deploy capital where others cannot, especially as banks and public markets face restrictions in financing large-scale green infrastructure. 

That includes climate scenario analysis on US$58bn worth of assets using NGFS (Network for Greening the Financial System) pathways to assess investment responses under various global warming scenarios.

Mobilising capital and workforce for a just transition

The report also outlines Apollo Empower, an initiative launched to improve job quality, pay and training across portfolio companies. It highlights how private equity can directly shape economic opportunity in sectors hit hardest by industrial shifts.

In 2024, Apollo staff volunteered over 20,400 hours across 300 events, with employee contributions topping US$3m through the Athene United Way campaign. More than 92% of staff took part. On diversity, 43% of Apollo’s global workforce identifies as women and 28% of US staff identify as ethnically diverse.

This dual focus – hard infrastructure and human capital – reinforces Apollo’s belief that fintech, energy transition and social impact are not separate objectives. They are linked by capital flow and governance, areas where Apollo wants to lead.

As Dave Stangis puts it: “One of the biggest areas is in advancing the energy transition where we are investing in scalable, resilient solutions that will power industries for decades. As these needs grow, we’re well-positioned to help shape the next era of industrial investment.”