Jaime Alvarez, Head of Infrastructure and Private Equity at UK pension fund Brunel, has outlined strict new criteria for General Partners (GPs) regarding climate action. In a statement reported by Infrastructure Investor, Alvarez declared that Brunel increasingly judges GPs on tangible actions—specifically their underwriting processes, asset management plans, and financial incentives—rather than relying on marketing language. This shift represents a broader trend in institutional investing where ESG (Environmental, Social, and Governance) commitments are scrutinized for concrete implementation.

For private equity and infrastructure managers, this signals that 'greenwashing' is no longer sufficient; they must demonstrate how climate risks are integrated into investment decisions and how managers are incentivized to drive decarbonization. Brunel’s stance likely influences other pension funds to demand rigorous, data-backed climate strategies from their fund managers.