Apollo Global Management Inc

Lobbying Governance

AI Extracted Evidence Snippet Source

Our participation in the public policy arena and expenditures related thereto are managed by the Public Policy department, overseen by the Global Head of Public Policy who reports to the Chief Executive Officer. [...] The Sustainability and Corporate Responsibility ("S&CR") Committee is responsible for assisting the Board of Directors in overseeing corporate responsibility and sustainability matters, including climate change considerations, among other responsibilities. [...] Our CSO attends every S&CR Committee meeting and regularly provides updates on the Company's Sustainability strategy, organization and reporting. Beginning with the first quarter of 2024, the full Board is expected to be invited at least once per year to attend an S&CR meeting for education on current sustainability topics related to Apollo's business.

https://www.apollo.com/content/dam/apolloaem/documents/insights/apollo-2023-sustainability-report-june-2024.pdf

In 2022, we enhanced how we manage sustainability at Apollo — from implementing new governance practices and policies to creating a new Board level committee, the Sustainability and Corporate Responsibility ("S&CR") Committee. With new sustainability governance mechanisms in place, we took an extensive look at our priorities, progress, and goals for 2022 and the years ahead with an eye toward building our capabilities, delivering impact across Apollo, and pivoting to be more proactive. Through self-readiness assessments and stakeholder engagement, we defined a list of key focus areas, then embedded approaches to manage these priority topics into our enterprise-wide strategy. [...] The Sustainability and Corporate Responsibility Committee ("S&CR") is responsible for assisting the Board of Directors in overseeing corporate responsibility and sustainability matters, including climate change, among other responsibilities. [...] In 2022, the Board established the S&CR Committee which had input throughout the year on the management of key topics including environmental sustainability and climate change, human rights, citizenship, employee health and safety, and diversity, equity, and inclusion ("DE&I"). The S&CR Committee is responsible for reviewing this Annual Sustainability Report and other significant public disclosures on corporate responsibility and sustainability matters. The role of the Committee is oversight. Apollo management is responsible for the execution of strategies related to sustainability, corporate responsibility, and related functions. The Chair of the S&CR Committee generally provides a report to the full Board on a quarterly basis. [...] On a functional level, our participation in the public policy arena, as well as expenditures related thereto, is managed by the Public Policy department, which is overseen by the Global Head of Public Policy who reports to the Chief Executive Officer ("CEO"). Additionally, Apollo's Reputational Risk Working Group ("RRG") closely monitors regulatory and reputational risk management. The RRG generally meets weekly to review internal and external dynamics and its members include certain leaders of the public policy, communications, legal, sustainability, compliance, enterprise risk, and human capital functions.

https://www.apollo.com/content/dam/apolloaem/documents/insights/apollo-2022-sustainability-report-June-19-2023.pdf

**Board and Executive Governance**

AGM's Board of Directors and senior management oversee Apollo's sustainable investing approach, as outlined below:

- **AGM Board of Directors (the "Board"): The Board has delegated oversight of sustainability and**
corporate responsibility matters to the Sustainability and Corporate Responsibility Committee of
the Board (the "Sustainability Committee"). The Board appoints the Sustainability Committee
members and chairperson. The Board receives regular reports from the Sustainability Committee.

- **Sustainability and Corporate Responsibility Committee: The Sustainability Committee is**
comprised of independent directors and is responsible for assisting the Board in overseeing
AGM's corporate responsibility strategies, sustainability strategies, and related matters. These
strategies include environmental sustainability and climate change, human rights, social impact,
employee health and safety, and diversity, equity, and inclusion. For more information on the
Sustainability Committee's responsibilities, please see the Sustainability Committee [charter.](https://www.apollo.com/~/media/Files/A/Apollo-V3/documents/corporate-governance/agm-sustainability-and-corporate-responsibility-committee-charter.pdf)

- **Chief Sustainability Officer ("CSO"): The CSO is responsible for spearheading AGM's**
sustainability strategy. The CSO is a member of AGM's Leadership Team, oversees reporting to
the Sustainability Committee, and reports to AAM's Co-Presidents. The CSO and other
sustainability leadership coordinate with various stakeholders across the Company, including but
not limited to investment committees, enterprise risk management, and reputation management
functions. The CSO also engages with governance and oversight committees and bodies on a
regular and as-needed basis.

**Enterprise Governance**

Sustainability oversight extends beyond specific governance functions and is also included in the
Company's core enterprise risk management framework.

- **Reputational Risk Working Group ("RRG"): Certain members of the Company's leadership are**
responsible for vetting reputational risks, including political and/or policy-related risks escalated
by the CSO, business-level Heads of ESG, investment teams, and other stakeholders. Such
members of leadership provide recommendations to investment teams on certain specific
investments and may elevate matters to AAM's Co-Presidents.

https://www.apollo.com/content/dam/apolloaem/documents/governance/apollo-sustainable-investing-and-esg-policy-may-2024.pdf