CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
On August 1, CBRE announced that it has recently acquired Paia Consulting, a Singapore-based sustainability advising business. The purchase is component of the New York Stock Exchange-listed global realty services firm’s growth of its sustainability advisory business in Asia Pacific.
Following the procurement, the company will be relabelled Paia from CBRE, and the employee will be integrated with CBRE’s presenting environmental, social, and governance (ESG) consulting and sustainability support services team. Johnson will be the lead consultant under the joined entity, while Forcellati will be the brand-new supervisor of customer sustainability method and services.
Moray Armstrong, managing director of CBRE Singapore, says the introduction of Paia’s features will certainly put CBRE at the forefront of ESG advisory in Singapore and across Asia Pacific. “Our professionals are going to associate with customers on reporting, training, conformity, benchmarking, establishing, and executing ESG systems. CBRE will efficiently influence the built setting.”
Carrie Johnson started off Paia Consulting and is its starting head. She has more than 20 years of knowledge in sustainability approach, reporting, and environmental concerns. Corrado Forcellati, Paia Consulting’s managing supervisor from 2021, guides business in Singapore and Southeast Asia incorporate sustainability into their business procedures.
David Fogarty, who has actually led CBRE’s ESG Consulting and Sustainability Services group in Asia from 2022, will guide the expanded team at Paia from CBRE.
In June, United Overseas Bank and Enterprise Singapore started a sustainability advising programme for SMEs, in collaboration with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
In August 2023, Keppel employed Bennett Wong, previous major professional at Paia Consulting, to become its team sustainability senior manager. Wong left in July to join professional services company RSM.
Anshuman Magazine, CBRE consultatory department head, India, Southeast Asia, Middle East, and Africa, mentions the acquisition will certainly have an influence all over the APAC zone. “The higher level of understanding and attraction in sustainability is increasing amongst organizations, and increasing policies will certainly offer a motivation for them to develop sustainability methods and to show progress on their implementation.”
