“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.”

said Thomas Zeihlund, CEO of Eivee

By integrating Eivee’s expertise and robust Danish client portfolio, Normative will expand its market presence and enhance its services to even more corporations throughout Europe. This acquisition promises to streamline carbon emission reporting and compliance processes, offering a comprehensive solution for businesses navigating the complexities of carbon accounting.

“This move not only solidifies our position in Denmark but also reinforces our commitment to delivering localized carbon accounting solutions tailored to the regulatory demands across Europe. Combining our strengths with Eivee’s expertise allows us to better support our clients in complying with legislation such as the Corporate Sustainability Reporting Directive and translating their reporting obligations into tangible emissions reductions.”

said Kasper Hulthin, investor in Normative and Danish seasoned entrepreneur

The acquisition is expected to:

• Expand Normative’s client base to include some of Denmark’s most influential companies
• Reinforce Normative’s leadership in providing comprehensive carbon accounting and reduction solutions in the Nordic market
• Demonstrate Normative’s capability to offer tailored, compliant, and audit-ready solutions supported by expert guidance, for major corporations across the EU and UK
• Further Normative’s mission to be the market leader in CSRD compliance

“We are thrilled to welcome Eivee’s clientele to our platform. The addition of some of Denmark’s largest companies to our already robust customer base across the Nordics, EU, and UK will accelerate our efforts to streamline carbon management processes. Our in-house Climate Strategy Advisors are poised to enhance how these companies collect, report, and act on their carbon emissions data.”

says Kristian Rönn, CEO and Co-founder of Normative

Read the entire post here: Normative Acquires Eivee to Strengthen Carbon Accounting in the Nordics

As businesses grapple with the intensifying demands of EU’s impending sustainability legislation, which will not only affect large publicly traded companies but also their suppliers through heightened sustainability data requirements, Danske Bank’s partnership with EIVEE emerges as a timely solution. This initiative is set to ease the significant pressure many businesses face in meeting these requirements by providing them with a tool to streamline their climate reporting processes.

“Our platform ensures full transparency in all data sources and calculations, which is crucial as ESG data will soon be as important as financial figures for companies. This allows businesses to confidently share their climate accounts from our platform with customers, investors, authorities, and other stakeholders,”

said Peter Schack, CEO of EIVEE

EIVEE’s platform aids companies in obtaining a detailed overview of their Scope 1, 2, and 3 emissions by collecting, cleaning, and categorizing data from relevant company data sources. This process results in highly accurate calculations down to the product level, covering direct emissions from company-owned assets, indirect emissions from purchased energy, and all other indirect emissions occurring in the value chain, such as supplier purchases, business travel, and investments.

“The enhanced requirements for sustainability reporting are creating a great deal of pressure on many of our customers. It’s a complex task to gain an overview of a company’s total CO2 footprint, which is why we’ve entered into a partnership with EIVEE. They can assist our customers with both the collection and reporting of CO2 data,”

explains Niels-Bang Hansen, Danske Bank’s Head of Corporate Customers in Denmark

As part of the partnership, Danske Bank is offering its corporate clients access to EIVEE’s solution at favorable prices and terms. Moreover, the bank is prepared to review the financing of CO2-reduction projects that EIVEE’s solution identifies.

“Assisting our clients with their sustainable transformation plays a significant role at Danske Bank. All our business advisors have recently completed another training course on ESG, and we are ready to act as both a sparring partner and help with financing when our clients wish to take the next step towards a more sustainable direction,”

Niels Bang-Hansen added

This collaboration between Danske Bank and EIVEE represents a forward-thinking approach to addressing the complex challenges of climate reporting and sustainability efforts, paving the way for a greener future in the business sector.

Read the entire post here: EIVEE Helps Danske Bank to Simplify Climate Reporting for Business Clients