Sustainable Investment Awards 2024

Private debt manager of the year: Apollo Global Management

Apollo takes home the award for Private Debt Manager of the Year, as judges praised its well-resourced and structured approach.

In April 2023, Apollo launched Apollo Clean Transition Capital, an investment strategy focused on sourcing capital for climate solutions with a primary focus on debt and hybrid opportunities. This strategy supports Apollo's Sustainable Investing platform, which targets deploying $50 billion in clean energy and climate capital by 2027 and sees the opportunity to deploy more than $100 billion by 2030.

A recent transaction to note is Apollo-managed funds' investment of up to €1.5 billion ($1.6 billion) into an Air France-KLM operating affiliate in October 2023, which supports Air-France KLM's commitment to spent €100 million in sustainable aviation fuel over the next four years.

Michael KashaniAs part of its ongoing commitment to transparency, the firm published its second annual whitepaper, providing an in-depth look into the development of its ESG credit platform and detailing how the platform has scaled to support a range of strategies and innovative transactions.

Apollo's commitment to leadership in private credit's ESG progression was also marked in November 2022, as Apollo's head of ESG credit, Michael Kashani, was appointed as inaugural chair of the ESG Integrated Disclosure Project's executive committee, in which the firm helped to standardise ESG-related disclosures and encourage transparency and consistency for credit investors.

"We are honoured to be recognised by Environmental Finance as its first Private debt manager of the year. The award is a testament to the strong collaboration between our investment teams and dedicated ESG team to driving value creation through both mitigating ESG risks and identifying opportunities," Michael Kashani, managing director and head of ESG credit, commented.

"Going forward, we expect to continue our industry leadership as the chair of the ESG Integrated Disclosure Project, maintain our commitment to transparency via our ESG credit whitepapers, and expand our involvement in dedicated climate and transition deal activity."