CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
Carrie Johnson started Paia Consulting and is its starting executive. She has over two decades of experience in sustainability technique, reporting, and environmental matters. Corrado Forcellati, Paia Consulting’s managing executive since 2021, helps companies in Singapore and Southeast Asia incorporate sustainability right into their enterprise procedures.
In June, United Overseas Bank and Enterprise Singapore introduced a sustainability consultatory programme for SMEs, in cooperation with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
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David Fogarty, that has actually led CBRE’s ESG Consulting and Sustainability Providers team in Asia since 2022, definitely will guide the expanded team at Paia from CBRE.
Anshuman Magazine, CBRE consultatory division head, India, Southeast Asia, Middle East, and Africa, points out the acquisition will have an effect throughout the APAC region. “The better degree of awareness and interest in sustainability is rising among services, and increasing guidelines will certainly provide a motivation for them to construct sustainability approaches and to illustrate progression on their implementation.”
In August 2023, Keppel employed Bennett Wong, previous principal expert at Paia Consulting, to become its group sustainability top manager. Wong left in July to join professional services firm RSM.
On August 1, CBRE announced that it has already obtained Paia Consulting, a Singapore-based sustainability advisory firm. The acquisition is side of the New York Stock Exchange-listed worldwide property services firm’s development of its sustainability consultatory service in Asia Pacific.
Moray Armstrong, managing director of CBRE Singapore, states the arrival of Paia’s functions will place CBRE at the lead of ESG advisory in Singapore and across Asia Pacific. “Our experts are going to partner with customers on reporting, education, compliance, benchmarking, building, and carrying out ESG plans. CBRE will absolutely impact the constructed atmosphere.”
Supporting the purchase, the company will be relabelled Paia from CBRE, and the staff will definitely be integrated with CBRE’s presenting environmental, social, and governance (ESG) consulting and sustainability support services team. Johnson will most likely be the major professional within the merged organization, whilst Forcellati is going to be the new supervisor of client sustainability approach and solutions.
