CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
Supporting the procurement, the business will be renamed Paia from CBRE, and the workers may be incorporated with CBRE’s existing environmental, social, and governance (ESG) consulting and sustainability services team. Johnson will most likely be the top consultant within the joined entity, while Forcellati will be the brand-new director of customer sustainability technique and services.
In August 2023, Keppel worked with Bennett Wong, former major consultant at Paia Consulting, to become its team sustainability senior administrator. Wong departed in July to join professional services company RSM.
Carrie Johnson started Paia Consulting and is its founding director. She has more than twenty years of knowledge in sustainability method, reporting, and ecological matters. Corrado Forcellati, Paia Consulting’s supervising executive from 2021, helps firms in Singapore and Southeast Asia integrate sustainability right into their enterprise procedures.
Anshuman Magazine, CBRE consultatory department ceo, India, Southeast Asia, Middle East, and Africa, points out the acquisition will certainly have an impact across the APAC area. “The higher level of understanding and interest in sustainability is growing amongst services, and improving regulations will give a catalyst for them to construct sustainability strategies and to establish development on their implementation.”
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.
On August 1, CBRE revealed that it has already acquired Paia Consulting, a Singapore-based sustainability advisory business. The acquisition is component of the New York Stock Exchange-listed worldwide property services company’s development of its sustainability advising company in Asia Pacific.
Moray Armstrong, managing supervisor of CBRE Singapore, says the intro of Paia’s features will certainly set CBRE at the forefront of ESG advisory in Singapore and throughout Asia Pacific. “Our experts are going to partner with clients on reporting, education, compliance, benchmarking, establishing, and executing ESG plans. CBRE will efficiently influence the developed setting.”
David Fogarty, who has led CBRE’s ESG Consulting and Sustainability Providers group in Asia since 2022, will lead the extended crew at Paia from CBRE.
