Apollo Expands Asset-Level Risk Reviews to Reflect Impact of Extreme Weather

Apollo Global Management Inc. is building out its risk review process to reflect the impact on asset valuations of extreme weather.The decision comes amid a rise in the damage done to physical assets by floods, storms and wildfires. Apollo, which has been conducting so-called top-down analyses for such risks since 2023, is now broadening that approach to allow for a more granular process to identify company-level risks before closing deals, says Jaycee Pribulsky, Apollo’s chief sustainability officer. “Both ...