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 ...