CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
In August 2023, Keppel worked with Bennett Wong, former primary specialist at Paia Consulting, to become its team sustainability leading administrator. Wong departed in July to sign up with professional services firm RSM.
David Fogarty, who has led CBRE’s ESG Consulting and Sustainability Providers team in Asia since 2022, will lead the expanded crew at Paia from CBRE.
Carrie Johnson started Paia Consulting and is its starting head. She has over 20 years of experience in sustainability method, reporting, and ecological issues. Corrado Forcellati, Paia Consulting’s supervising executive ever since 2021, assists business in Singapore and Southeast Asia integrate sustainability right into their company operations.
Anshuman Magazine, CBRE consultatory department ceo, India, Southeast Asia, Middle East, and Africa, states the purchase will have an impact all over the APAC zone. “The greater degree of recognition and interest in sustainability is rising among services, and increasing guidelines will certainly offer a motivation for them to build sustainability techniques and to illustrate progress on their execution.”
Moray Armstrong, handling director of CBRE Singapore, states the intro of Paia’s capabilities will certainly place CBRE at the forefront of ESG advisory in Singapore and throughout Asia Pacific. “Our experts will definitely affiliate with customers on reporting, training, compliance, benchmarking, developing, and executing ESG plans. CBRE will efficiently influence the constructed atmosphere.”
Following the purchase, the company is going to be relabelled Paia from CBRE, and the employee will be incorporated with CBRE’s presenting environmental, social, and governance (ESG) consulting and sustainability services team. Johnson is going to be the top consultant following the joined organization, whilst Forcellati will be the new supervisor of client sustainability approach and solutions.
In June, United Overseas Bank and Enterprise Singapore launched a sustainability consultatory programme for SMEs, in cooperation with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
On August 1, CBRE announced that it has already gotten Paia Consulting, a Singapore-based sustainability advising firm. The purchase is part of the New York Stock Exchange-listed worldwide real estate services company’s development of its sustainability advisory service in Asia Pacific.