CBRE acquires Singapore-based sustainability advisory firm Paia Consulting

Moray Armstrong, handling director of CBRE Singapore, states the arrival of Paia’s functions will certainly place CBRE at the leading edge of ESG advisory in Singapore and across Asia Pacific. “Our specialists are going to partner with clients on reporting, education, compliance, benchmarking, building, and implementing ESG systems. CBRE will positively impact the constructed environment.”

On August 1, CBRE introduced that it has acquired Paia Consulting, a Singapore-based sustainability advising firm. The purchase is part of the New York Stock Exchange-listed worldwide property services firm’s expansion of its sustainability advising organization in Asia Pacific.

In August 2023, Keppel hired Bennett Wong, previous primary expert at Paia Consulting, to become its team sustainability senior manager. Wong left in July to sign up with professional services company RSM.

Supporting the procurement, the firm is going to be renamed Paia from CBRE, and the staff may be incorporated with CBRE’s continuing environmental, social, and governance (ESG) consulting and sustainability services team. Johnson will most likely be the lead consultant under the combined organization, whilst Forcellati is going to be the brand-new administrator of customer sustainability technique and services.

Residence at W Singapore

Carrie Johnson started off Paia Consulting and is its starting executive. She has more than 20 years of experience in sustainability technique, reporting, and environmental concerns. Corrado Forcellati, Paia Consulting’s supervising director from 2021, helps companies in Singapore and Southeast Asia include sustainability into their enterprise procedures.

Anshuman Magazine, CBRE advisory department chief executive officer, India, Southeast Asia, Middle East, and Africa, says the procurement will have an effect across the APAC region. “The greater level of understanding and interest in sustainability is rising amongst services, and increasing regulations will offer an impetus for them to develop sustainability methods and to show development on their execution.”

David Fogarty, that has actually led CBRE’s ESG Consulting and Sustainability Services group in Asia from 2022, definitely will lead the expanded unit at Paia from CBRE.

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


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