CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
Moray Armstrong, managing director of CBRE Singapore, states the introduction of Paia’s functions will certainly put CBRE at the forefront of ESG advisory in Singapore and across Asia Pacific. “Our experts will associate with customers on reporting, education, compliance, benchmarking, developing, and executing ESG plans. CBRE will positively affect the developed environment.”
David Fogarty, that has actually led CBRE’s ESG Consulting and Sustainability Services team in Asia since 2022, will certainly direct the extended team at Paia from CBRE.
Anshuman Magazine, CBRE consultatory division head, India, Southeast Asia, Middle East, and Africa, says the purchase will have an impact throughout the APAC region. “The greater level of understanding and interest in sustainability is rising amongst businesses, and increasing guidelines will certainly provide an inspiration for them to construct sustainability techniques and to demonstrate progression on their execution.”
On August 1, CBRE introduced that it has already acquired Paia Consulting, a Singapore-based sustainability consultatory business. The acquisition is component of the New York Stock Exchange-listed global property services firm’s development of its sustainability advising service in Asia Pacific.
In August 2023, Keppel employed Bennett Wong, former primary professional at Paia Consulting, to become its group sustainability top manager. Wong left in July to join professional services company RSM.
Carrie Johnson began Paia Consulting and is its starting head. She has more than 20 years of experience in sustainability technique, reporting, and ecological concerns. Corrado Forcellati, Paia Consulting’s managing supervisor since 2021, helps firms in Singapore and Southeast Asia include sustainability into their company procedures.
Supporting the acquisition, the firm will be relabelled Paia from CBRE, and the staff may be incorporated with CBRE’s existing environmental, social, and governance (ESG) consulting and sustainability services team. Johnson is going to be the major professional following the combined entity, while Forcellati is going to be the new director of customer sustainability technique and solutions.
In June, United Overseas Bank and Enterprise Singapore started a sustainability advising program for SMEs, in collaboration with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
