Updated Enviro Letter 021621

A group of climate and social justice organizations is urging Apollo Global Management to end its financing of fossil fuels and deforestation. The letter demands the disclosure of emissions for current and future energy holdings, a commitment to invest the majority of new energy capital in renewables by 2025, and the publication of political spending policies to ensure alignment with a 1.5 degree scenario from the Paris Agreement.

• The signatories assert that Apollo Global Management maintains substantial investments in fossil fuel assets that cause immediate ecosystem harm and long-term climate impacts.
• The coalition demands a transition to a pollution-free energy portfolio, including the disclosure of Scope 1, 2, and 3 emissions for energy and infrastructure funds and energy holdings across all funds.
• The letter sets specific deadlines for capital deployment, requesting that a majority of new energy investments be in renewable energy by 2025, with a total shift to renewables by 2030.
• The organizations call for transparency regarding political contributions and lobbying, urging Apollo to ensure its spending aligns with the Paris Agreement and the Investor Expectations on Corporate Climate Lobbying.
• The demand for a 'Just and Equitable Transition' requires a disclosed program to support workers and communities impacted by fossil fuel holdings, incorporating input from those affected.

APA

Private Equity Stakeholder Project (2021). Updated Enviro Letter 021621. https://pestakeholder.org/wp-content/uploads/2021/03/210216-Organization-letter-to-Apollo-on-climate-risk.pdf

Chicago

Private Equity Stakeholder Project. Updated Enviro Letter 021621. 2021. https://pestakeholder.org/wp-content/uploads/2021/03/210216-Organization-letter-to-Apollo-on-climate-risk.pdf.

Wikipedia

{{cite press release |author=Private Equity Stakeholder Project |title=Updated Enviro Letter 021621 |date=16 February 2021 |url=https://pestakeholder.org/wp-content/uploads/2021/03/210216-Organization-letter-to-Apollo-on-climate-risk.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{privateequitystakeholderproject2021updated, author = {{Private Equity Stakeholder Project}}, title = {{Updated Enviro Letter 021621}}, publisher = {Private Equity Stakeholder Project}, year = {2021}, month = feb, url = {https://pestakeholder.org/wp-content/uploads/2021/03/210216-Organization-letter-to-Apollo-on-climate-risk.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }