CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
Following the acquisition, the firm is going to be relabelled Paia from CBRE, and the staff will be incorporated with CBRE’s continuing environmental, social, and governance (ESG) consulting and sustainability support services team. Johnson is going to be the top specialist following the combined entity, while Forcellati is going to be the new supervisor of customer sustainability approach and solutions.
On August 1, CBRE announced that it has gotten Paia Consulting, a Singapore-based sustainability consultatory company. The purchase is component of the New York Stock Exchange-listed worldwide realty services company’s growth of its sustainability consultatory business in Asia Pacific.
Moray Armstrong, managing supervisor of CBRE Singapore, says the intro of Paia’s capabilities will certainly put CBRE at the lead of ESG advisory in Singapore and across Asia Pacific. “Our experts will definitely partner with clients on reporting, certification, compliance, benchmarking, building, and executing ESG systems. CBRE will absolutely influence the developed setting.”
Anshuman Magazine, CBRE advisory department president, India, Southeast Asia, Middle East, and Africa, points out the acquisition will certainly have an effect across the APAC zone. “The better degree of understanding and enthusiasm in sustainability is growing among businesses, and improving guidelines will certainly give a motivation for them to build sustainability techniques and to show progress on their execution.”
In August 2023, Keppel employed Bennett Wong, former primary specialist at Paia Consulting, to become its group sustainability leading supervisor. Wong departed in July to join professional services firm RSM.
In June, United Overseas Bank and Enterprise Singapore released a sustainability consultatory program for SMEs, in collaboration with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
Carrie Johnson started Paia Consulting and is its starting director. She has over 20 years of experience in sustainability strategy, reporting, and ecological concerns. Corrado Forcellati, Paia Consulting’s supervising supervisor ever since 2021, guides firms in Singapore and Southeast Asia include sustainability within their enterprise operations.
David Fogarty, that has actually led CBRE’s ESG Consulting and Sustainability Providers team in Asia since 2022, definitely will lead the broadened team at Paia from CBRE.
