Normative, a Swedish leader in enterprise carbon accounting, has strategically expanded its influence in the Nordics by acquiring Eivee, a prominent Danish provider of carbon accounting solutions.
Normative is a leading enterprise carbon platform based in Stockholm, Sweden. It empowers businesses to navigate sustainability disclosures and the net-zero economy. Eivee, located in Denmark, offers comprehensive carbon accounting solutions that are known for their precision and compliance, catering to some of Denmark’s largest companies.
The rationale behind the acquisition is to consolidate Normative’s position as a premier carbon accounting solution provider in the Nordics by leveraging Eivee’s specialised expertise and strong client base in Denmark. This move will broaden Normative’s reach and enhance its service offerings to major corporations across Europe, focusing on carbon accounting, reductions, and compliance.
Normative provides a robust platform for comprehensive emissions calculations and ESG data consolidation, enabling companies to set targets, plan reductions, engage suppliers, and report for CSRD and other disclosures. It is trusted by leading businesses such as Eurostar, Flying Tiger Copenhagen, and Nordea.
Eivee offers detailed GHG emissions calculations across scopes 1, 2, and 3, down to product-level assessments, making its solutions audit-ready and aligned with stringent regulatory requirements.
This acquisition will enable Normative to expand its client base to include influential Danish companies, reinforce its leadership in providing comprehensive carbon accounting solutions, and showcase its ability to deliver tailored, compliant, and audit-ready solutions supported by expert guidance. This strategic move further supports Normative’s mission to lead in CSRD compliance across the EU and UK markets.
Kristian Rönn, CEO and co-founder of Normative, expressed enthusiasm about the acquisition, stating, “This acquisition not only strengthens our foothold in Denmark but also reinforces our commitment to providing unparalleled, localised carbon accounting solutions across Europe. Such a tailored approach is essential for businesses contending with country-specific implementations of legislation such as the Corporate Sustainability Reporting Directive. This deal allows us to combine our strengths with Eivee’s to tackle this challenge for our customers – simplifying compliance and transforming reporting into real emissions reductions.”
Thomas Zeihlund, CEO of Eivee, commented on the future prospects, “Joining Normative opens up exciting possibilities for our clients. Normative’s extensive experience serving hundreds of companies across the Nordics, EU, and UK, combined with their unique approach of pairing a robust carbon accounting platform with in-house climate experts, will provide our customers with unparalleled resources and expertise in carbon accounting and emissions reduction.”
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global
