The environmental impact assessment industry in the Nordics focuses on evaluating the potential ecological consequences of projects and policies. Companies specializing in this field range from consulting firms to technology providers, delivering essential services that promote responsible development and sustainability. This industry is gaining traction as governments enforce stricter regulations and organizations recognize the value of sustainability. Innovative technologies are emerging, making assessments faster and more efficient. Trends show heightened demand for assessments in sectors like renewable energy and construction, indicating a robust growth trajectory driven by heightened environmental awareness and regulatory compliance.

The investor landscape in the Nordics features a mix of private equity firms, venture capitalists, and corporate investors. These investors, headquartered in cities like Stockholm, Oslo, and Helsinki, vary significantly in size and focus. While major players like EQT Group and Equinor operate with thousands of employees, newer entrants like Pale Blue Dot are agile, targeting innovative startups. With 2024 seeing a collective investment of over 80 deals across different types, these investors aim for sustainable transformation, contributing to a vital area of growth and opportunity in the environmental assessment domain.

Top 12 Environmental Impact Assessment Investors in the Nordics

1. Katapult

• Website: katapult.vc
• Type: Venture Capital
• Headquarters: Oslo, Oslo, Norway
• Founded year: 2017
• Headcount: 11-50
• Number of deals in 2024: 8
• LinkedIn: katapult-accelerator

Katapult is an impact investment firm based in Oslo, Norway, founded in 2017. The firm specializes in supporting tech startups that tackle global challenges, particularly in the climate-tech and ocean-tech sectors. Katapult provides investment, accelerator programs, and mentorship to early-stage companies. Notable transactions include funding for RecyGlo, a waste management and recycling platform in Myanmar, which aims to improve waste services and expand its operations, and Ecospears, which is involved in environmental solutions. Other investments include Ichthion and VIDA, both of which are likely to have environmental implications. Through these investments, Katapult demonstrates a commitment to fostering innovation that addresses pressing environmental issues.

2. Almi

• Website: almi.se
• Type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1994
• Headcount: 201-500
• Number of deals in 2024: 7
• LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden. Almi aims to enhance the growth and competitiveness of these businesses through tailored financial solutions and guidance. Notably, Almi has participated in several transactions that align with environmental sustainability, including investments in Klimato, a carbon management software company that raised €4.2 million in funding to expand its sustainability offerings. Additionally, Almi has been involved in funding rounds for other companies like Measure & Change and Econans, which may also have environmental implications. These transactions highlight Almi's engagement in supporting businesses that contribute to environmental impact assessment and sustainability initiatives.

3. Afry

• Website: afry.com
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1895
• Headcount: 10001+
• Number of deals in 2024: 1
• LinkedIn: afry

AFRY AB is a consulting and engineering firm based in Stockholm, Sweden, founded in 1895. With over 10,000 employees, the company provides a wide range of services, including sustainability consulting, digital solutions, and project management across various industries. In recent years, AFRY has made several strategic acquisitions to bolster its capabilities in the renewable energy sector, which is closely tied to environmental impact assessments. Notable transactions include the acquisition of a Dutch renewables consultancy company in February 2023, aimed at enhancing their expertise in renewable energy. Additionally, the acquisition of Numerola Oy in June 2021, a leading provider of digital solutions in wind power, further emphasizes their commitment to sustainability and environmental considerations. These transactions highlight AFRY's focus on improving efficiency and sustainability for their clients, making them a relevant player in the environmental impact assessment space.

4. EQT Group

• Website: eqtgroup.com
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1994
• Headcount: 1001-5000
• Number of deals in 2024: 30
• LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, the firm manages diverse investment portfolios for institutional investors across multiple sectors and geographies. Notably, EQT Infrastructure's acquisition of Covanta, a leading US-based waste-to-energy company, for $5.3 billion highlights their commitment to sustainable energy solutions. This transaction not only emphasizes their focus on environmental impact but also positions them as a key player in the waste management sector. Additionally, their investment in DESOTEC, which provides sustainable filtration solutions, further underscores their engagement in environmentally beneficial industries. These transactions reflect EQT Group's strategic interest in companies that contribute positively to environmental sustainability, making them a relevant investor in the environmental impact assessment space.

5. Equinor

• Website: equinor.com
• Type: Corporate
• Headquarters: Stavanger, Rogaland, Norway
• Founded year: 1972
• Headcount: 10001+
• Number of deals in 2024: 6
• LinkedIn: equinor

Equinor ASA, founded in 1972 and headquartered in Stavanger, Norway, is a public entity operating primarily in the energy sector, with a focus on oil, gas, and renewable energy. The company has a workforce of over 10,000 employees and is committed to sustainability, aiming to achieve net-zero emissions by 2050. Equinor serves a diverse customer base, including governments and industries, providing energy solutions that address climate challenges while ensuring energy security. In recent years, Equinor has made significant investments in environmental impact assessment-related projects. For instance, they participated in the funding round for ContextLabs, which raised $28 million to develop trusted data solutions for decarbonization measurement and monitoring. Additionally, Equinor's acquisition of a 25% interest in the Bayou Bend CCS project positions them as a key player in one of the largest carbon capture and sequestration solutions in the United States. Their involvement in these transactions underscores their commitment to addressing climate change and enhancing environmental sustainability.

6. Pale blue dot

• Website: paleblue.vc
• Type: Venture Capital
• Headquarters: Malmo, Skåne, Sweden
• Founded year: 2020
• Headcount: 1-10
• Number of deals in 2024: 9
• LinkedIn: palebluedot-vc

Pale Blue Dot is a venture capital firm based in Malmo, Skåne, Sweden, founded in 2020. The firm specializes in investing in early-stage startups that are dedicated to climate change solutions, emphasizing sustainability and innovation across various industries. In 2024, they have already made 9 investments, showcasing their active role in the venture capital space. Notably, they have invested in Nala Earth, a Nature Tech company that helps organizations measure and report their impact on biodiversity, which is crucial for environmental impact assessments. Additionally, they supported Improvin', which is developing a sustainability performance platform, and Pivotal Future Ltd., which focuses on biodiversity measurement. These transactions highlight Pale Blue Dot's commitment to fostering companies that contribute to environmental impact assessment and sustainability.

7. EEP Africa

• Website: eepafrica.org
• Type: Corporate
• Headquarters: Helsinki, Uusimaa, Finland
• Founded year: 2010
• Headcount: 11-50
• LinkedIn: eepafrica

EEP Africa is a not-for-profit organization based in Helsinki, Finland, founded in 2010. It specializes in clean energy financing, providing early-stage grants and support for innovative clean energy projects in Southern and Eastern Africa. The organization aims to enhance energy access and investment, collaborating with various funding partners to facilitate sustainable development in the region. Notable transactions include investments in companies like Witech, East African Power, and Mukuru Clean Stoves, all of which are involved in clean energy solutions. These projects are likely to require environmental impact assessments to ensure they meet sustainability standards and minimize ecological harm, further emphasizing EEP Africa's relevance in the environmental impact assessment context.

8. Business Finland

• Website: businessfinland.fi
• Type: Corporate
• Headquarters: Helsinki, Uusimaa, Finland
• Founded year: 2018
• Headcount: 501-1000
• Number of deals in 2024: 26
• LinkedIn: business-finland

Business Finland is a public entity established in 2018, located in Helsinki, Uusimaa, Finland. It plays a crucial role in supporting Finnish companies in their growth and internationalization efforts by offering funding, consulting services, and market opportunities. In 2024, Business Finland has been involved in 26 investments, primarily through grants. Notably, they have funded projects such as Betolar, which received up to €2.7 million for research on alternative side streams, highlighting their commitment to sustainability and environmental innovation. Other transactions include grants to Kuva Space and Resistomap, both of which are likely to contribute to environmental impact assessments and related fields. This focus on environmentally relevant projects positions Business Finland as a significant player in the environmental impact assessment sector.

9. Kompas Vc

• Website: kompas.vc
• Type: Venture Capital
• Headquarters: Copenhagen, Denmark
• Founded year: 2021
• Headcount: 11-50
• Number of deals in 2024: 7
• LinkedIn: kompasvc

Kompas Vc is a venture capital firm based in Copenhagen, Denmark, founded in 2021. The firm focuses on funding innovative technologies in the building and manufacturing industries, supporting entrepreneurs who aim to decarbonize and digitally transform these sectors. Kompas Vc invests in sustainable materials and climate technology, providing essential capital and expertise to help startups grow. Notably, they led a Series A funding round for Vizcab, a company that offers a SaaS platform for calculating Life Cycle Assessment (LCA) of construction projects, raising €5M. This investment highlights their commitment to environmental impact assessment, as LCA is crucial for understanding and mitigating the environmental effects of construction activities. Additionally, their involvement with other startups in the sustainability space further underscores their focus on environmental impact.

10. Dnv

• Website: dnv.com
• Type: Corporate
• Headquarters: Oslo, Oslo, Norway
• Founded year: 1865
• Headcount: 10001+
• Number of deals in 2024: 4
• LinkedIn: dnvgl

Det Norske Veritas (DNV) is a consulting firm based in Oslo, Norway, founded in 1865. With over 10,000 employees, DNV offers a diverse range of services including advisory, certification, classification, and cyber security across multiple industries such as maritime, oil and gas, and renewable energy. In 2023, DNV expanded its capabilities in environmental consulting by acquiring Enviroguide Consulting, a move that enhances their advisory services in environmental impact assessments. Additionally, DNV's acquisition of Åkerblå led to full ownership of Ocean Ecology, a UK-based firm specializing in marine ecological services, further solidifying their commitment to environmental impact assessment. These strategic acquisitions demonstrate DNV's dedication to enhancing their service offerings in the environmental sector, particularly in areas related to ecological and environmental assessments.

11. EV Private Equity

• Website: evprivateequity.no
• Type: Private Equity
• Headquarters: Stavanger, Rogaland, Norway
• Founded year: 2002
• Headcount: 11-50
• LinkedIn: evprivateequity

EV Private Equity is a private equity investment firm based in Stavanger, Rogaland, Norway, founded in 2002. The firm specializes in energy technology and sustainable investments, partnering with management teams to enhance business strategies and drive emissions reduction in energy-intensive sectors. Notable transactions include the acquisition of Health Safety and Engineering Consultants in 2012, which focuses on safety and engineering solutions that can contribute to environmental compliance and risk management. Additionally, the acquisition of Trainor certification in 2020 indicates a commitment to enhancing safety and environmental standards in various industries. Although their investment in Ingrain and Zilift Limited are less directly related to environmental impact assessment, they reflect a broader commitment to sustainable practices within the energy sector. Overall, EV Private Equity's focus on responsible investment and sustainability positions them as a leader in the transition to a sustainable energy future.

12. Intera Partners

• Website: interapartners.fi
• Type: Private Equity
• Headquarters: Helsinki, Uusimaa, Finland
• Founded year: 2007
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn: intera-partners

Intera Partners is a private equity firm based in Helsinki, Finland, founded in 2007. The firm specializes in investment management and advisory services, focusing on growing and internationalizing Finnish and Swedish companies with revenues between €10-200 million. Intera Partners emphasizes responsible investing and building strong partnerships with business owners. Among their notable transactions, they acquired Sitowise Oy, a company involved in engineering and consulting services, which often includes environmental impact assessments in their projects. Additionally, they acquired Kreate, a construction company that also engages in projects requiring environmental evaluations. These investments reflect Intera Partners' potential involvement in sectors that necessitate environmental impact assessments, aligning with their commitment to responsible investing.

Environmental Impact Assessment Insights: Key Investors in the Nordics

Investor	Headquarter	Size	Founded	Deals 2024
Katapult	Oslo, Oslo, Norway	11-50	2017	8
Almi	Stockholm, Stockholm, Sweden	201-500	1994	7
Afry	Stockholm, Stockholm, Sweden	10001+	1895	1
EQT Group	Stockholm, Stockholm, Sweden	1001-5000	1994	30
Equinor	Stavanger, Rogaland, Norway	10001+	1972	6
Pale blue dot	Malmo, Skåne, Sweden	1-10	2020	9
EEP Africa	Helsinki, Uusimaa, Finland	11-50	2010	0
Business Finland	Helsinki, Uusimaa, Finland	501-1000	2018	26
Kompas Vc	Copenhagen, Denmark	11-50	2021	7
Dnv	Oslo, Oslo, Norway	10001+	1865	4
EV Private Equity	Stavanger, Rogaland, Norway	11-50	2002	0
Intera Partners	Helsinki, Uusimaa, Finland	11-50	2007	2

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