Sixty percent of the energy companies in Apollo’s portfolio was made of fossil fuel companies, as of the end of July 2024.

Apollo Global Management (Apollo) was founded in 1990 and currently led by co-founder and CEO Marc Rowan. The firm has a total of $696 billion in assets under management (AUM) as of August 2024, and a smaller energy footprint compared to other large firms included in this report, with five energy companies, three of which are in fossil fuels.

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Apollo appears to have made some progress towards clean energy investing with a 2022 pledge not to invest in fossil fuels in the company’s latest buyout fund. This, alongside the firm’s smaller energy portfolio, has earned Apollo a B on the Climate Risks Scorecard, an improvement from a D in the 2022 Scorecard.

 60% 

Percent of Fossil Fuel Companies In Energy Portfolio

 3 

Number of Fossil Fuel Companies

 716,000 

Emissions from Upstream Operations

 2.9 million 

Emissions from LNG Terminals

 0 

Emissions from Coal-fired Power Plants

 3.6 million 

Total Est. Annual Emissions (upstream, LNG, coal)

 15% 

Percent of Demands Met

 B 

2024 Scorecard Grade