Apollo: “You Can’t Talk in the ESG, Alphabet-Soup Jargon” to CFOs
The firm’s ESG operational team believes the greatest impact on its portfolio won’t come through impact-coded language or hard, science-based targets like Net Zero by 2050.
Despite the growing divide between LPs on the value of ESG in operations, Apollo has maintained an ESG-focused team within its greater operational business. According to Apollo, despite the headlines that may suggest otherwise, the firm’s LPs want to see action on ESG.
“Overall, LPs don’t all have the same demands or expectations on ESG. However, in aggregate the direction of travel with investor expectations on ESG has only been in one direction over the last several years,” Ben Saunders, a principal in sustainability for Apollo’s portfolio performance solutions business, explained.
