CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
David Fogarty, that has actually led CBRE’s ESG Consulting and Sustainability Providers team in Asia since 2022, will direct the broadened unit at Paia from CBRE.
Supporting the purchase, the business will be renamed Paia from CBRE, and the staff will be integrated with CBRE’s continuing environmental, social, and governance (ESG) consulting and sustainability programs team. Johnson will most likely be the major expert under the combined organization, while Forcellati is going to be the new supervisor of customer sustainability technique and options.
Moray Armstrong, managing supervisor of CBRE Singapore, claims the introduction of Paia’s features will certainly place CBRE at the lead of ESG advisory in Singapore and throughout Asia Pacific. “Our professionals will definitely partner with customers on reporting, certification, compliance, benchmarking, establishing, and carrying out ESG plans. CBRE will positively impact the developed setting.”
On August 1, CBRE revealed that it has already obtained Paia Consulting, a Singapore-based sustainability consultatory business. The purchase is part of the New York Stock Exchange-listed international real estate services firm’s expansion of its sustainability advising organization in Asia Pacific.
In June, United Overseas Bank and Enterprise Singapore launched a sustainability consultatory program for SMEs, in collaboration with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
In August 2023, Keppel employed Bennett Wong, former major expert at Paia Consulting, to become its team sustainability senior manager. Wong left in July to join professional services company RSM.
Carrie Johnson began Paia Consulting and is its starting director. She has more than 20 years of experience in sustainability approach, reporting, and environmental matters. Corrado Forcellati, Paia Consulting’s managing supervisor since 2021, assists business in Singapore and Southeast Asia integrate sustainability into their company procedures.
Anshuman Magazine, CBRE advisory division ceo, India, Southeast Asia, Middle East, and Africa, says the purchase will certainly have an impact across the APAC zone. “The better level of recognition and interest in sustainability is rising amongst organizations, and improving guidelines will provide a motivation for them to build sustainability techniques and to establish progression on their implementation.”