CBRE acquires Singapore-based sustainability advisory firm Paia Consulting

Carrie Johnson began Paia Consulting and is its founding head. She has more than twenty years of experience in sustainability approach, reporting, and environmental concerns. Corrado Forcellati, Paia Consulting’s supervising supervisor from 2021, helps business in Singapore and Southeast Asia incorporate sustainability right into their enterprise operations.

Supporting the acquisition, the firm will be renamed Paia from CBRE, and the employee may be incorporated with CBRE’s continuing environmental, social, and governance (ESG) consulting and sustainability support services team. Johnson will most likely be the lead expert within the merged organization, whilst Forcellati is going to be the new administrator of customer sustainability technique and remedies.

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

In June, United Overseas Bank and Enterprise Singapore launched a sustainability advising program for SMEs, in partnership with Paia Consulting, CDP, Convene ESG, M1, PwC Singapore and TÜV SÜD.

David Fogarty, who has actually led CBRE’s ESG Consulting and Sustainability Providers team in Asia ever since 2022, definitely will guide the broadened team at Paia from CBRE.

In August 2023, Keppel employed Bennett Wong, previous primary professional at Paia Consulting, to become its group sustainability top administrator. Wong left in July to sign up with professional services company RSM.

Anshuman Magazine, CBRE advisory division head, India, Southeast Asia, Middle East, and Africa, mentions the procurement will certainly have an influence across the APAC region. “The greater degree of recognition and interest in sustainability is increasing amongst services, and improving regulations will certainly provide a motivation for them to build sustainability methods and to illustrate progress on their implementation.”

Moray Armstrong, managing director of CBRE Singapore, says the introduction of Paia’s functions will certainly set CBRE at the forefront of ESG advisory in Singapore and across Asia Pacific. “Our professionals will definitely affiliate with clients on reporting, training, compliance, benchmarking, building, and executing ESG strategies. CBRE will absolutely influence the constructed setting.”


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