CBRE acquires Singapore-based sustainability advisory firm Paia Consulting
Moray Armstrong, managing director of CBRE Singapore, states the introduction of Paia’s capabilities will place CBRE at the forefront of ESG advisory in Singapore and throughout Asia Pacific. “Our experts are going to partner with clients on reporting, training, compliance, benchmarking, developing, and implementing ESG strategies. CBRE will absolutely impact the developed atmosphere.”
David Fogarty, who has actually led CBRE’s ESG Consulting and Sustainability Services group in Asia ever since 2022, definitely will direct the expanded crew at Paia from CBRE.
Carrie Johnson started off Paia Consulting and is its starting executive. She has more than two decades of experience in sustainability technique, reporting, and environmental issues. Corrado Forcellati, Paia Consulting’s managing supervisor from 2021, assists firms in Singapore and Southeast Asia incorporate sustainability into their business operations.
Anshuman Magazine, CBRE consultatory division president, India, Southeast Asia, Middle East, and Africa, states the purchase will certainly have an impact across the APAC area. “The greater level of awareness and interest in sustainability is growing among organizations, and increasing regulations will certainly offer a motivation for them to construct sustainability strategies and to establish progression on their implementation.”
In June, United Overseas Bank and Enterprise Singapore introduced a sustainability advising programme for SMEs, in partnership with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.
In August 2023, Keppel hired Bennett Wong, previous principal expert at Paia Consulting, to become its group sustainability leading supervisor. Wong left in July to sign up with professional services firm RSM.
On August 1, CBRE introduced that it has gotten Paia Consulting, a Singapore-based sustainability advising business. The acquisition is part of the New York Stock Exchange-listed international property services firm’s growth of its sustainability consultatory company in Asia Pacific.
Supporting the purchase, the company is going to be relabelled Paia from CBRE, and the workers will be incorporated with CBRE’s presenting environmental, social, and governance (ESG) consulting and sustainability services team. Johnson will most likely be the major specialist following the merged entity, while Forcellati will be the brand-new administrator of client sustainability strategy and services.
