CBRE acquires Singapore-based sustainability advisory firm Paia Consulting

Supporting the procurement, the firm is going to be renamed Paia from CBRE, and the workers will be incorporated with CBRE’s presenting environmental, social, and governance (ESG) consulting and sustainability support services team. Johnson will most likely be the major expert under the merged entity, while Forcellati will be the brand-new supervisor of customer sustainability technique and services.

In August 2023, Keppel hired Bennett Wong, former principal specialist at Paia Consulting, to become its team sustainability senior administrator. Wong left in July to join professional services firm RSM.

Lentoria Singapore

On August 1, CBRE announced that it has already acquired Paia Consulting, a Singapore-based sustainability advisory company. The purchase is component of the New York Stock Exchange-listed worldwide realty services firm’s expansion of its sustainability advisory company in Asia Pacific.

Anshuman Magazine, CBRE advisory division head, India, Southeast Asia, Middle East, and Africa, mentions the purchase will have an impact throughout the APAC zone. “The better level of recognition and interest in sustainability is increasing among companies, and improving regulations will give an inspiration for them to build sustainability techniques and to illustrate progression on their application.”

Carrie Johnson started off Paia Consulting and is its founding director. She has over 20 years of knowledge in sustainability technique, reporting, and ecological concerns. Corrado Forcellati, Paia Consulting’s managing executive since 2021, assists companies in Singapore and Southeast Asia include sustainability within their business procedures.

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

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

Moray Armstrong, managing director of CBRE Singapore, states the arrival of Paia’s features will set CBRE at the forefront of ESG advisory in Singapore and throughout Asia Pacific. “Our professionals are going to partner with customers on reporting, training, conformity, benchmarking, developing, and carrying out ESG plans. CBRE will positively influence the constructed atmosphere.”


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