CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
Following the acquisition, the company is going to be relabelled Paia from CBRE, and the staff will definitely be incorporated with CBRE’s existing environmental, social, and governance (ESG) consulting and sustainability support services team. Johnson will most likely be the major consultant under the joined organization, whilst Forcellati is going to be the brand-new director of client sustainability technique and remedies.
Carrie Johnson started Paia Consulting and is its founding executive. She has over two decades of expertise in sustainability strategy, reporting, and ecological matters. Corrado Forcellati, Paia Consulting’s managing supervisor from 2021, assists companies in Singapore and Southeast Asia incorporate sustainability right into their enterprise procedures.
David Fogarty, who has led CBRE’s ESG Consulting and Sustainability Services group in Asia from 2022, will certainly direct the expanded staff at Paia from CBRE.
On August 1, CBRE revealed that it has already acquired Paia Consulting, a Singapore-based sustainability advisory business. The acquisition is part of the New York Stock Exchange-listed global real estate services firm’s expansion of its sustainability consultatory business in Asia Pacific.
Moray Armstrong, handling director of CBRE Singapore, states the intro of Paia’s capabilities will certainly set CBRE at the forefront of ESG advisory in Singapore and across Asia Pacific. “Our professionals will definitely affiliate with customers on reporting, training, compliance, benchmarking, building, and carrying out ESG systems. CBRE will efficiently affect the built atmosphere.”
Anshuman Magazine, CBRE advisory division chief executive officer, India, Southeast Asia, Middle East, and Africa, points out the acquisition will have an effect all over the APAC zone. “The higher level of understanding and interest in sustainability is growing among companies, and improving guidelines will certainly offer an inspiration for them to build sustainability strategies and to show progress on their implementation.”
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In June, United Overseas Bank and Enterprise Singapore started a sustainability advisory program for SMEs, in partnership with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
In August 2023, Keppel employed Bennett Wong, former primary specialist at Paia Consulting, to become its group sustainability leading manager. Wong departed in July to sign up with professional services company RSM.
