Apollo hires first chief sustainability officer

Dave Stangis will lead an expansion of Apollo’s ESG programme.

Apollo Global Management has hired Dave Stangis as its first chief sustainability officer.

Stangis will lead Apollo’s ESG programme, which includes an annual report, climate action and employee engagement efforts across its portfolio. The $472 billion-AUM firm, a private markets giant with private credit, private equity, infrastructure and real estate portfolios, has developed a proprietary ESG scoring system for its lending platform.

Stangis will report to co-presidents Scott Kleinman and Jim Zelter. “Dave’s appointment builds on the great progress achieved under the leadership of Laurie Medley, our global head of ESG, and her team,” Kleinman and Zelter said in a statement.

Apollo is raising its first impact fund, which has a $1 billion target, under the leadership of impact chair Lisa Hall. The fund invests in later-stage companies, Hall told a PEI Media forum earlier this year.