CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
In August 2023, Keppel employed Bennett Wong, previous principal professional at Paia Consulting, to become its group sustainability top manager. Wong left in July to sign up with professional services company RSM.
Following the procurement, the firm is going to be relabelled Paia from CBRE, and the workers may be incorporated with CBRE’s presenting environmental, social, and governance (ESG) consulting and sustainability services team. Johnson will most likely be the top specialist under the combined organization, whilst Forcellati is going to be the new director of customer sustainability method and solutions.
On August 1, CBRE revealed that it has gotten Paia Consulting, a Singapore-based sustainability consultatory firm. The purchase is side of the New York Stock Exchange-listed global realty services firm’s growth of its sustainability advising business in Asia Pacific.
Moray Armstrong, handling supervisor of CBRE Singapore, states the arrival of Paia’s features will certainly set CBRE at the forefront of ESG advisory in Singapore and across Asia Pacific. “Our professionals will definitely affiliate with customers on reporting, education, conformity, benchmarking, building, and executing ESG strategies. CBRE will absolutely impact the developed environment.”
Anshuman Magazine, CBRE advisory division chief executive officer, India, Southeast Asia, Middle East, and Africa, mentions the procurement will have an impact all over the APAC area. “The greater level of awareness and interest in sustainability is rising among businesses, and increasing policies will offer an impetus for them to develop sustainability approaches and to illustrate progress on their application.”
David Fogarty, who has led CBRE’s ESG Consulting and Sustainability Services group in Asia since 2022, definitely will guide the broadened team at Paia from CBRE.
Carrie Johnson began Paia Consulting and is its starting director. She has more than two decades of expertise in sustainability method, reporting, and ecological concerns. Corrado Forcellati, Paia Consulting’s managing executive ever since 2021, guides business in Singapore and Southeast Asia incorporate sustainability right into their company procedures.
In June, United Overseas Bank and Enterprise Singapore started a sustainability consultatory program for SMEs, in cooperation with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
