CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
In August 2023, Keppel employed Bennett Wong, former principal specialist at Paia Consulting, to become its group sustainability senior supervisor. Wong left in July to join professional services company RSM.
Moray Armstrong, handling supervisor of CBRE Singapore, states the arrival of Paia’s functions will certainly set CBRE at the lead of ESG advisory in Singapore and across Asia Pacific. “Our specialists are going to partner with customers on reporting, certification, compliance, benchmarking, establishing, and carrying out ESG systems. CBRE will efficiently impact the built atmosphere.”
Following the acquisition, the company is going to be relabelled Paia from CBRE, and the employee may be integrated with CBRE’s presenting environmental, social, and governance (ESG) consulting and sustainability programs team. Johnson will most likely be the top professional within the merged organization, whilst Forcellati is going to be the new director of customer sustainability technique and remedies.
Carrie Johnson began Paia Consulting and is its founding director. She has over twenty years of expertise in sustainability method, reporting, and ecological matters. Corrado Forcellati, Paia Consulting’s supervising supervisor from 2021, assists firms in Singapore and Southeast Asia integrate sustainability right into their business operations.
On August 1, CBRE revealed that it has acquired Paia Consulting, a Singapore-based sustainability advising business. The acquisition is side of the New York Stock Exchange-listed global real estate services firm’s development of its sustainability advising company in Asia Pacific.
David Fogarty, who has led CBRE’s ESG Consulting and Sustainability Services group in Asia since 2022, will certainly direct the extended crew at Paia from CBRE.
Anshuman Magazine, CBRE advisory department president, India, Southeast Asia, Middle East, and Africa, states the procurement will have an influence all over the APAC area. “The better degree of understanding and attraction in sustainability is rising among services, and improving regulations will offer an inspiration for them to develop sustainability approaches and to show development on their execution.”
In June, United Overseas Bank and Enterprise Singapore released a sustainability advisory program for SMEs, in collaboration with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
