CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
David Fogarty, who has actually led CBRE’s ESG Consulting and Sustainability Providers team in Asia since 2022, will certainly direct the extended crew at Paia from CBRE.
In August 2023, Keppel employed Bennett Wong, previous major expert at Paia Consulting, to become its group sustainability top supervisor. Wong left in July to sign up with professional services company RSM.
On August 1, CBRE revealed that it has recently obtained Paia Consulting, a Singapore-based sustainability consultatory company. The acquisition is side of the New York Stock Exchange-listed worldwide real estate services company’s expansion of its sustainability advisory service in Asia Pacific.
In June, United Overseas Bank and Enterprise Singapore launched a sustainability advisory programme for SMEs, in cooperation with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
Moray Armstrong, managing supervisor of CBRE Singapore, says the intro of Paia’s features will certainly put CBRE at the forefront of ESG advisory in Singapore and across Asia Pacific. “Our experts will associate with clients on reporting, certification, conformity, benchmarking, developing, and carrying out ESG plans. CBRE will positively influence the built atmosphere.”
The Hill @ One North Singapore
Following the procurement, the business will be relabelled Paia from CBRE, and the staff may be integrated with CBRE’s continuing environmental, social, and governance (ESG) consulting and sustainability services team. Johnson will be the major professional within the merged entity, while Forcellati will be the brand-new administrator of customer sustainability strategy and remedies.
Carrie Johnson began Paia Consulting and is its starting head. She has more than two decades of experience in sustainability approach, reporting, and environmental matters. Corrado Forcellati, Paia Consulting’s managing executive from 2021, helps companies in Singapore and Southeast Asia include sustainability within their business operations.
Anshuman Magazine, CBRE consultatory division ceo, India, Southeast Asia, Middle East, and Africa, states the acquisition will have an influence throughout the APAC zone. “The better level of awareness and attraction in sustainability is rising among organizations, and improving laws will certainly provide a motivation for them to develop sustainability techniques and to demonstrate progress on their implementation.”
