CBRE acquires Singapore-based sustainability advisory firm Paia Consulting

Carrie Johnson started off Paia Consulting and is its founding executive. She has more than 20 years of knowledge in sustainability strategy, reporting, and ecological issues. Corrado Forcellati, Paia Consulting’s managing supervisor from 2021, helps firms in Singapore and Southeast Asia integrate sustainability within their enterprise operations.

Moray Armstrong, handling director of CBRE Singapore, says the arrival of Paia’s capabilities will place CBRE at the forefront of ESG advisory in Singapore and across Asia Pacific. “Our professionals will affiliate with customers on reporting, certification, conformity, benchmarking, building, and implementing ESG strategies. CBRE will positively affect the built environment.”

In August 2023, Keppel hired Bennett Wong, former major specialist at Paia Consulting, to become its team sustainability leading manager. Wong departed in July to sign up with professional services firm RSM.

Cape Royale Singapore

David Fogarty, who has actually led CBRE’s ESG Consulting and Sustainability Services team in Asia from 2022, definitely will direct the broadened unit at Paia from CBRE.

Supporting the acquisition, the business will be relabelled Paia from CBRE, and the staff will be integrated with CBRE’s presenting environmental, social, and governance (ESG) consulting and sustainability support services team. Johnson is going to be the major consultant following the merged entity, whilst Forcellati will be the new director of customer sustainability approach and remedies.

Anshuman Magazine, CBRE consultatory division chief executive officer, India, Southeast Asia, Middle East, and Africa, says the purchase will certainly have an effect throughout the APAC region. “The greater level of understanding and enthusiasm in sustainability is growing among businesses, and increasing policies will offer an impetus for them to construct sustainability approaches and to establish progression on their execution.”

In June, United Overseas Bank and Enterprise Singapore introduced a sustainability advisory programme for SMEs, in cooperation with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.

On August 1, CBRE introduced that it has already obtained Paia Consulting, a Singapore-based sustainability advising business. The acquisition is part of the New York Stock Exchange-listed global property services company’s growth of its sustainability advising company in Asia Pacific.