CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
Anshuman Magazine, CBRE consultatory department head, India, Southeast Asia, Middle East, and Africa, mentions the purchase will have an influence throughout the APAC region. “The greater level of awareness and attraction in sustainability is growing amongst businesses, and increasing policies will provide a catalyst for them to build sustainability strategies and to establish progression on their application.”
Moray Armstrong, managing director of CBRE Singapore, says the introduction of Paia’s capabilities will place CBRE at the lead of ESG advisory in Singapore and across Asia Pacific. “Our specialists are going to associate with customers on reporting, education, conformity, benchmarking, establishing, and implementing ESG plans. CBRE will efficiently impact the built environment.”
On August 1, CBRE revealed that it has acquired Paia Consulting, a Singapore-based sustainability consultatory firm. The acquisition is side of the New York Stock Exchange-listed global real estate services firm’s growth of its sustainability advising organization in Asia Pacific.
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Carrie Johnson started off Paia Consulting and is its founding director. She has more than two decades of experience in sustainability technique, reporting, and ecological matters. Corrado Forcellati, Paia Consulting’s managing director ever since 2021, assists firms in Singapore and Southeast Asia include sustainability into their enterprise procedures.
In August 2023, Keppel employed Bennett Wong, former primary consultant at Paia Consulting, to become its group sustainability leading manager. Wong departed in July to sign up with professional services company RSM.
Following the purchase, the business is going to be renamed Paia from CBRE, and the workers may be integrated with CBRE’s presenting environmental, social, and governance (ESG) consulting and sustainability programs team. Johnson will be the top professional following the combined entity, while Forcellati will be the brand-new administrator of customer sustainability strategy and options.
David Fogarty, who has actually led CBRE’s ESG Consulting and Sustainability Providers team in Asia since 2022, definitely will guide the broadened crew at Paia from CBRE.
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.
