Normative Expands Carbon Accounting Services with acquisition of Eivee.
Carbon accounting and net-zero solutions leader based out of Denmark, Normative, deepens its market stand by purchasing Eivee, yet another leader in carbon accounting. The acquisition is expected to further the compliance with regulatory requirements such as the CSRD for businesses and better efforts toward carbon reduction.
This acquisition further enhances the leadership of Normative in providing carbon accounting solutions across the Nordic region, the European Union, and the United Kingdom. After the integration of Eivee’s capabilities and clients, Normative will further be able to provide higher support to businesses in measuring their carbon footprint and serving the ever-changing regulatory mandations.
Address Regulatory Requirements
The pressure on businesses to track, report, and then reduce carbon emissions has mounted with stricter global carbon reductions and sustainability laws. In 2024, the Companies Sustainability Reporting Directive will enforce more comprehensive reporting of sustainability-related information on carbon emissions by companies. These pieces of legislation will affect large businesses not only in Europe but worldwide.
For some years now, Normative has been pioneering the change in this environment of helping organisations navigate this one-stop shop carbon accounting solution that can help businesses mitigate their ecological footprint. It is now prepared to help even more companies – especially Danish and European firms – whose current partners Eivee already maintains close relationships with.
A stronger carbon accounting solution
This integration would enable Normative to provide its clients with an even more powerful and complete tool for carbon accounting. In the current form, Normative’s platform is used for tracking carbon emissions, gathering data to support the smooth operation of procedures, and ensuring that the requirements imposed by laws, including the CSRD, are met. A firm could thereby obtain insight into its potential reduction on carbon and develop actionable steps in attaining sustainability goals.
This acquisition is part of a larger trend in which companies seek to minimize their carbon footprint and align their operations with international climate standards. With Normative’s expertise in carbon accounting and Eivee’s customer base and technology, the company can offer businesses a full suite of services – from producing emissions reports to strategizing carbon reductions and sustainability consulting.
Expanding Market Reach
Adding Eivee’s customer portfolio-the majority of which involves some of the biggest companies in Denmark-will drastically increase Normative’s customer base. Important in Denmark’s market, Eivee has many ties in business with Denmark, and further local penetration is possible for Normative while growing operations throughout the EU and within the UK.
With increasing pressure on companies to become more transparent about their sustainability practices, the combined offering from Normative and Eivee is an essential resource for helping companies meet these challenges. Normative is now better placed to support small and large businesses in their quest through the increasingly complex world of carbon accounting and regulatory compliance, with expanded market reach and improved product offerings.
Expertise and Resources for Clients
It enables differentiating Normative’s service – bringing a powerful carbon accounting platform under one roof and in-house climate strategy experts. That is, apart from acting as a tracking tool of emissions, the integration approach also provides guidance on how to reduce impact on the environment over time. Normative’s Climate Strategy Advisors will work on customized strategies for their clients and put business in line with long-term sustainability goals. As demand for carbon accounting and sustainability services continues to rise, organizations such as Normative have become an important partner for organizations seeking to meet their regulatory needs while minimizing their impact on the environment. Combining innovative technology with expert consulting, Normative provides businesses with support that enables them to comply with ever-changing regulations and lower carbon emissions.
A concern for sustainability grows
The push toward sustainability has never been greater. With stricter environmental regulations now coming into effect, including mandatory carbon disclosure requirements such as those of the CSRD, business is under pressure to measure, report, and reduce their carbon footprint. The more complex carbon accounting and emissions reporting become, solutions like Normative’s platform are critical in helping businesses remain compliant and improve their sustainability performance. The acquisition of Eivee marks the mile stone in the journey of Normative to sustain businesses across Europe and the UK with these rising sustainability demands. With advanced technology and an increased customer base together with support from experts, Normative is now better positioned to support clients in this emerging landscape of carbon reduction and regulatory compliance than at any other time. Conclusion Eivee has indeed strategically strengthened Normative in serving businesses with the tools and expertise required to comply with carbon reduction regulations, among which is the Corporate Sustainability Reporting Directive. This will not only make businesses meet such requirements but also provide meaningful strategies in the mitigation of their impacts on the environment. In short, soon enough, most companies can achieve their net-zero goals using Normative’s platform combined with climate expertise as sustainability becomes more important in organizations.
Source: Normative