Normative, a Stockholm-based developer of carbon accounting software, announced today the acquisition of Denmark-based carbon accounting solution provider Eivee, enabling an expansion of sustainability accounting services throughout Europe.

Founded in 2020, Copenhagen-based Eivee has developed software that calculates clients’ CO2 emissions across scope 1, 2 and 3 emissions. The system continuously measures and reports CO2 reduction progress, ensuring compliance with regulations and requirements for that reduction.

Thomas Zeihlund, CEO of Eivee, said:

“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.”

Normative’s system lets companies track their carbon footprint via mapping their business activities. It also provides recommendations, based on actionable data, on ways to reduce that environmental impact. The system enables clients to ensure compliance with regulations and carbon-reduction goals. Normative is the official technology provider for the UN-sponsored SME Climate Hub platform, which encourages small and medium-sized companies to commit to halving greenhouse gas emissions before 2030, and reaching net-zero emissions before 2050.

According to Normative, the acquisition of Eivee will significantly expand its market reach and enhance its ability to serve major corporations across Europe with a complete solution for carbon accounting, reductions and compliance.

Kristian Rönn, CEO and co-founder of Normative, said:

“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 how they collect, report, and understand their carbon emissions through our carbon accounting platform and our in-house Climate Strategy Advisors.”