CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
In June, United Overseas Bank and Enterprise Singapore launched a sustainability consultatory program for SMEs, in partnership with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
On August 1, CBRE announced that it has gotten Paia Consulting, a Singapore-based sustainability consultatory business. The acquisition is part of the New York Stock Exchange-listed international realty services firm’s growth of its sustainability consultatory company in Asia Pacific.
Anshuman Magazine, CBRE advisory division ceo, India, Southeast Asia, Middle East, and Africa, points out the acquisition will certainly have an effect across the APAC region. “The greater level of recognition and attraction in sustainability is growing amongst organizations, and improving laws will give a motivation for them to build sustainability techniques and to illustrate progress on their implementation.”
David Fogarty, who has actually led CBRE’s ESG Consulting and Sustainability Services team in Asia ever since 2022, will direct the expanded team at Paia from CBRE.
In August 2023, Keppel hired Bennett Wong, previous major specialist at Paia Consulting, to become its team sustainability leading supervisor. Wong left in July to join professional services company RSM.
Carrie Johnson started off Paia Consulting and is its founding head. She has more than twenty years of knowledge in sustainability approach, reporting, and environmental concerns. Corrado Forcellati, Paia Consulting’s supervising executive from 2021, assists companies in Singapore and Southeast Asia include sustainability within their enterprise operations.
Following the procurement, the company will be relabelled Paia from CBRE, and the employee will be integrated with CBRE’s continuing environmental, social, and governance (ESG) consulting and sustainability services team. Johnson will most likely be the major consultant within the joined organization, whilst Forcellati will be the brand-new director of customer sustainability technique and solutions.
Moray Armstrong, managing supervisor of CBRE Singapore, says the introduction of Paia’s functions will set CBRE at the leading edge of ESG advisory in Singapore and across Asia Pacific. “Our experts are going to associate with clients on reporting, training, conformity, benchmarking, establishing, and implementing ESG systems. CBRE will absolutely affect the built atmosphere.”
