CBRE acquires Singapore-based sustainability advisory firm Paia Consulting

Carrie Johnson started off Paia Consulting and is its starting head. She has over two decades of expertise in sustainability strategy, reporting, and ecological issues. Corrado Forcellati, Paia Consulting’s supervising supervisor since 2021, helps business in Singapore and Southeast Asia integrate sustainability into their company procedures.

Moray Armstrong, managing supervisor of CBRE Singapore, says the introduction of Paia’s functions will set CBRE at the forefront of ESG advisory in Singapore and across Asia Pacific. “Our professionals will partner with clients on reporting, education, compliance, benchmarking, establishing, and implementing ESG strategies. CBRE will efficiently affect the developed atmosphere.”

Anshuman Magazine, CBRE advisory division chief executive officer, India, Southeast Asia, Middle East, and Africa, states the purchase will certainly have an influence all over the APAC region. “The greater level of recognition and interest in sustainability is rising amongst services, and improving guidelines will offer a catalyst for them to build sustainability methods and to establish progression on their implementation.”

Following the acquisition, the business will be relabelled Paia from CBRE, and the workers may be incorporated with CBRE’s existing environmental, social, and governance (ESG) consulting and sustainability services team. Johnson is going to be the top consultant following the joined entity, whilst Forcellati is going to be the new supervisor of customer sustainability method and solutions.

David Fogarty, who has led CBRE’s ESG Consulting and Sustainability Services team in Asia since 2022, will guide the extended unit at Paia from CBRE.

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

In August 2023, Keppel employed Bennett Wong, former principal professional at Paia Consulting, to become its team sustainability top supervisor. Wong departed in July to join professional services company RSM.

On August 1, CBRE introduced that it has recently obtained Paia Consulting, a Singapore-based sustainability advisory business. The acquisition is part of the New York Stock Exchange-listed worldwide realty services company’s expansion of its sustainability consultatory business in Asia Pacific.


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