US asset manager Apollo launches sustainable investing platform that may attract $100bn – The National

US asset manager Apollo launches sustainable investing platform that may attract $100bn – The National

Apollo Global Management, one of the world’s largest alternative investment managers, launched a sustainable investing platform to boost financing and investment in the energy transition and decarbonisation of the industry.

The company aims to invest $50 billion in clean energy and climate capital over the next five years. It predicts that figure could rise to more than $100bn in these sectors by the end of this decade.

“We see an opportunity to play a critical role in driving a more sustainable future,” Apollo’s co-president Scott Kleinman said.