CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
Supporting the acquisition, the company will be renamed Paia from CBRE, and the staff will be integrated with CBRE’s continuing environmental, social, and governance (ESG) consulting and sustainability services team. Johnson is going to be the major specialist within the merged entity, whilst Forcellati will be the new director of client sustainability approach and services.
David Fogarty, who has actually led CBRE’s ESG Consulting and Sustainability Services team in Asia since 2022, definitely will direct the extended crew at Paia from CBRE.
In June, United Overseas Bank and Enterprise Singapore started a sustainability consultatory program for SMEs, in partnership with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
Carrie Johnson started Paia Consulting and is its founding executive. She has over twenty years of experience in sustainability approach, reporting, and ecological concerns. Corrado Forcellati, Paia Consulting’s managing director ever since 2021, helps companies in Singapore and Southeast Asia integrate sustainability right into their business procedures.
Moray Armstrong, managing supervisor of CBRE Singapore, says the arrival of Paia’s features will set CBRE at the leading edge of ESG advisory in Singapore and across Asia Pacific. “Our experts will associate with customers on reporting, certification, conformity, benchmarking, establishing, and carrying out ESG strategies. CBRE will efficiently influence the constructed atmosphere.”
On August 1, CBRE revealed that it has recently acquired Paia Consulting, a Singapore-based sustainability consultatory firm. The purchase is side of the New York Stock Exchange-listed global realty services firm’s growth of its sustainability advising organization in Asia Pacific.
In August 2023, Keppel employed Bennett Wong, former principal specialist at Paia Consulting, to become its group sustainability leading manager. Wong left in July to sign up with professional services company RSM.
Anshuman Magazine, CBRE consultatory division president, India, Southeast Asia, Middle East, and Africa, says the purchase will certainly have an influence throughout the APAC zone. “The better level of understanding and enthusiasm in sustainability is rising amongst organizations, and improving laws will certainly give an impetus for them to construct sustainability strategies and to demonstrate progression on their implementation.”
