CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
Carrie Johnson started Paia Consulting and is its founding director. She has over 20 years of knowledge in sustainability strategy, reporting, and environmental concerns. Corrado Forcellati, Paia Consulting’s managing executive ever since 2021, assists business in Singapore and Southeast Asia incorporate sustainability right into their company procedures.
In June, United Overseas Bank and Enterprise Singapore started a sustainability consultatory programme for SMEs, in cooperation with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
On August 1, CBRE introduced that it has obtained Paia Consulting, a Singapore-based sustainability consultatory business. The acquisition is component of the New York Stock Exchange-listed worldwide realty services firm’s expansion of its sustainability advising business in Asia Pacific.
Following the acquisition, the firm will be relabelled Paia from CBRE, and the workers may be incorporated with CBRE’s existing environmental, social, and governance (ESG) consulting and sustainability programs team. Johnson will be the major professional within the joined organization, while Forcellati will be the brand-new director of client sustainability strategy and options.
Moray Armstrong, handling supervisor of CBRE Singapore, states the arrival of Paia’s capabilities will put CBRE at the lead of ESG advisory in Singapore and across Asia Pacific. “Our professionals are going to associate with customers on reporting, education, conformity, benchmarking, building, and implementing ESG plans. CBRE will absolutely impact the constructed environment.”
Anshuman Magazine, CBRE advisory department chief executive officer, India, Southeast Asia, Middle East, and Africa, points out the purchase will have an impact throughout the APAC region. “The higher level of recognition and enthusiasm in sustainability is rising among services, and improving guidelines will certainly provide a catalyst for them to construct sustainability strategies and to demonstrate development on their implementation.”
David Fogarty, who has actually led CBRE’s ESG Consulting and Sustainability Services group in Asia from 2022, definitely will guide the broadened staff at Paia from CBRE.
In August 2023, Keppel employed Bennett Wong, previous primary professional at Paia Consulting, to become its team sustainability senior administrator. Wong departed in July to sign up with professional services firm RSM.
