Sweden’s Normative bolsters Nordic carbon accounting leadership with Eivee acquisition

Normative, a Stockholm-based enterprise carbon accounting leader, has acquired Denmark’s Eivee to enhance its Nordic market dominance. Eivee, renowned for providing audit-ready carbon accounting solutions to some of Denmark’s largest companies, strengthens Normative’s capacity to deliver tailored emissions calculations and compliance solutions across Europe. This acquisition expands Normative’s client base to include key Danish corporations and integrates Eivee’s expertise in granular greenhouse gas (GHG) accounting across scopes 1, 2, and 3. By combining forces, Normative aims to streamline compliance with initiatives like the Corporate Sustainability Reporting Directive (CSRD) and drive impactful emissions reductions.

Normative provides businesses with tools to calculate and report greenhouse gas emissions, consolidate ESG data, and comply with regulations such as the Corporate Sustainability Reporting Directive (CSRD). The company supports emissions reductions efforts through its platform and advisory services, focusing on helping organizations meet sustainability goals across the Nordics, EU, and UK.

Eivee specializes in calculating greenhouse gas emissions across scopes 1, 2, and 3. Its platform offers detailed, audit-ready data tailored for large organizations, supporting compliance with sustainability reporting standards. Eivee primarily serves Danish corporations, providing solutions that focus on accuracy and regulatory adherence.

This move solidifies Normative’s position as the major carbon accounting solution in the Nordics. By integrating Eivee’s vertical expertise and strong Danish client base, Normative significantly expands its market reach and enhances its ability to serve major corporations across Europe with its complete solution for carbon accounting, reductions and compliance.

Kristian Rönn, CEO and Co-founder comments, “We are thrilled to welcome Eivee’s customers, including some of Denmark’s largest companies, to join the hundreds of Nordic, EU, and UK customers who already trust our proven track record in carbon accounting and compliance. We have already started work with them on streamlining howtheycollect, report, and understand their carbon emissions through our carbon accounting platform and our in-house Climate Strategy Advisors.”

The acquisition further enhances Normative’s ability to provide expert carbon guidance to businesses, tailored by region and industry.

Chairman of the board at Normative, Kasper Hulthin, states, “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-specif ic 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.”

The acquisition of Eivee will expand Normative’s client base to include some of Denmark’s most influential companies, reinforcing its leadership in delivering comprehensive carbon accounting and reduction solutions across the Nordic market. It also highlights Normative’s ability to provide tailored, compliant, and audit-ready solutions, supported by expert guidance, for major corporations across the EU and UK. Additionally, this strategic move advances Normative’s mission to become the market leader in Corporate Sustainability Reporting Directive (CSRD) compliance.

Thomas Zeihlund, CEO of Eivee, adds, “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.”

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