CBRE Expands Global Sustainability Advisory Business with Acquisition of Paia Consulting, a Leading Sustainability Advisory Firm in Asia Pacific

Ho Chi Minh City, August 2024 – CBRE today announced that it has acquired Singapore-based specialist sustainability consulting firm, Paia Consulting, expanding CBRE’s ability to accelerate sustainability for occupier and investor clients globally. Acquisition doubles resources and expands capabilities for CBRE’s Sustainability services across the region. 

CBRE today announced that it has acquired Singapore-based specialist sustainability consulting firm, Paia Consulting, expanding CBRE’s ability to accelerate sustainability for occupier and investor clients globally.

Founded in 2002, Paia Consulting focuses on providing clients with sustainability strategy, implementation, and reporting services in Singapore and across the Southeast Asian region. The company has worked with well over 100 Singapore Exchange-listed firms.

Following the acquisition, the Paia Consulting professionals will integrate with CBRE’s existing ESG Consulting & Sustainability Services team in Singapore, which is the hub for CBRE’s sustainability services across the APAC region. David Fogarty, who has led CBRE’s ESG Consulting & Sustainability Services in Asia since 2022, will integrate the expanded team. The combined team will offer an expanded suite of solutions, services, and training programmes for clients across industries and sectors.

Hang Dang, Managing Director, CBRE Vietnam, said, "With the introduction of Paia’s capabilities, CBRE will be at the forefront of ESG advisory across Asia Pacific including Vietnam. This collaboration presents a significant opportunity to become a comprehensive service provider for clients. CBRE professionals will be partnering with clients on reporting, training, compliance, benchmarking, developing, and executing ESG plans.”