ReFlow - engineering a circular economy

What ReFlow - engineering a circular economy does

ReFlow (legal entity ReFlow ApS, CVR 39843870) provides AI-powered lifecycle assessment (LCA) software and consultancy primarily for the maritime industry and adjacent manufacturing sectors. The company combines proprietary AI-assisted data processing with ISO-compliant methodology (ISO 14040, 14044, 14067) and the newer ISO 8933-1:2024 standard, on which it is a co-author, to deliver audit-ready product carbon footprints (PCFs), vessel lifecycle assessments, and Scope 3 emissions reporting for shipowners, maritime OEMs, equipment suppliers, and manufacturers facing CSRD, FuelEU Maritime, EU ETS, and IMO compliance requirements.

The platform is modular and comprises four products: ClimateHub (product-level CO2 platform for suppliers), ClimateDock (vessel-focused LCA simulator), ClimateBase (a maritime Scope 3 data layer connecting verified supplier PCFs to shipowner reporting), and EmissionPassport (a Climate API for enterprise integration). AI is applied principally to parsing and structuring bills of materials, invoices, and product data, with maritime-specific emission factor matching rather than generic spend-based averages. The business model is hybrid: SaaS subscriptions (monthly, quarterly, or annual in advance) for platform access, time-and-materials consultancy services invoiced in arrears, fixed-price projects by agreement, and a freemium entry point of free PCF calculations used as a lead magnet.

ReFlow was founded in 2018 in Copenhagen, Denmark, and operates as a subsidiary of the Norwegian Grieg Group. The company reports 300+ customer companies, 2,300+ vessels reached via its partner network, and 55,000+ tonnes CO2e saved annually through the IMPA SAVE initiative. Disclosed external funding is modest at approximately $1.03M (2021), suggesting that Grieg Group support underwrites operations and growth rather than venture capital. The CEO, Rasmus Elsborg-Jensen, also serves as an EU Climate Pact Ambassador, sits on the IMPA SAVE Council, and represents ReFlow on the Confederation of Danish Industry advisory board.

Name

ReFlow - engineering a circular economy

Legal name

ReFlow ApS

Website

https://re-flow.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

ReFlow provides AI-powered lifecycle assessment software and consultancy for maritime and manufacturing clients, delivering ISO-compliant product carbon footprints, vessel LCAs, and Scope 3 reporting for CSRD, FuelEU Maritime, and IMO compliance.

Ownership category

akta.pro rank

Product category

Maritime Carbon Footprint Software

NAICS

Environmental Consulting Services (541620)

SIC

Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Emissions Factors, LCA & Product Carbon Footprint (PCF) Platforms (EUABAEAD)

akta.pro secondary industries

Supply Chain (Scope 3) Emissions & Supplier Engagement Platforms (EUABAEAE), ESG/Sustainability Reporting & Disclosure Platforms (EUABAEAB), Audit-Ready Controls, Assurance & Compliance Workflow Tools (CSRD/SEC/ISSB) (EUABAEAG), Enterprise Carbon Accounting & GHG Inventory Platforms (EUABAEAA)

Keywords

• Maritime carbon footprint
• Lifecycle assessment software
• Product carbon footprint
• Scope 3 emissions
• Maritime LCA platform

Headquarters

HQ city

Copenhagen

HQ country

Denmark

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software Platform Subscription: Customers access ClimateHub, ClimateDock, and other platforms through subscription accounts with monthly, quarterly, or annual billing in advance. Subscription fees provide access to calculation tools, data storage, and platform features.
2. Consultancy Services: Professional services including lifecycle assessments, carbon footprint calculations, advisory services, and related professional work. Invoiced monthly in arrears on a time-and-materials basis at prevailing rates, plus expenses. Fixed-price projects follow agreed payment schedules.
3. Free Product Carbon Footprint Calculations: Entry-level offering providing free PCF calculations to demonstrate platform value and generate sales pipeline for subscription and consultancy engagements.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

ReFlow provides AI-powered lifecycle assessment (LCA) software and consultancy services that enable maritime and manufacturing companies to calculate ISO 14040/14044/14067-compliant product and vessel carbon footprints, manage Scope 3 emissions, and comply with regulations such as CSRD, FuelEU Maritime, IMO, and EU ETS. Its connected data architecture (ClimateHub, ClimateDock, ClimateBase, EmissionPassport) channels verified product carbon footprint data from suppliers to shipowner reporting, supported by environmental engineer advisory services.

Product overview

ReFlow provides a modular platform combining software products and consultancy services for maritime and manufacturing carbon footprint management. The core software portfolio includes ClimateHub (product carbon footprint platform), ClimateDock (vessel LCA simulator), EmissionPassport (API integration), and ClimateBase (Scope 3 data layer). These connect into a unified data architecture where verified PCF data flows from suppliers through ClimateBase into shipowner reporting. The consultancy services support ship owners, maritime suppliers, and manufacturers with assessments, documentation, and compliance. The platform combines AI-assisted data processing with ISO 14040/14044/14067-compliant methodology and ILCD guidelines.

Differentiator

Problem solved

Functional benefit

Brands

• ClimateHub: Product focused CO2 platform enabling maritime suppliers to run ISO-compliant product carbon footprint calculations.
• ClimateDock
• ClimateBase
• EmissionPassport

Products and services

• ClimateHub

Quantifiable outcome

• 55,000+ tonnes CO₂e saved annually via IMPA SAVE
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Grieg GroupcoreStrategic or Co-development PartnerReFlow is part of the Grieg Group, with collaboration propelling innovation and sustainability for industries worldwide. This partnership provides strategic backing and enables global impact from Copenhagen base.
• IMPA SAVEcoreStrategic or Co-development PartnerPartnership with IMPA SAVE initiative contributing to 55,000+ tonnes CO₂e saved annually. ReFlow participates in IMPA's environmental footprint initiative and IMEF framework alignment.
• Danish ShippingcoreStrategic or Co-development PartnerCollaboration with Danish Shipping to shape best practices and align with evolving maritime sustainability standards.
• MaerskminorStrategic or Co-development PartnerCollaboration with Maersk as part of industry partnerships to shape best practices and align with evolving maritime sustainability standards.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Persefoni: Cloud-based carbon accounting and climate management platform with Scope 3 and supply-chain emissions capabilities. Overlaps with ReFlow on CSRD/audit-ready reporting, but serves a broader set of industries and lacks maritime specialization.
• Carbon Trust: Climate consulting and certification organization providing product carbon footprint verification, Scope 3 support, and CSRD advisory. Overlaps with ReFlow on PCF and supply-chain decarbonization, with deeper verification heritage.
• Watershed: Enterprise carbon accounting platform used by large corporates for Scope 1-3 reporting and CSRD readiness. Comparable audit-grade methodology and API integrations, but a horizontal platform rather than maritime-vertical.
• DNV (Maritime Advisory): Global maritime classification society offering emissions verification, FuelEU Maritime advisory, and shipowner decarbonization services. Comparable buyer base and regulatory positioning, with much deeper maritime relationships but less PCF/Scope 3 software focus.
• Lloyd's Register: Maritime classification and advisory provider extending into vessel decarbonization and emissions data services. Comparable regulatory and shipping-industry reach, with consulting-led rather than SaaS-led delivery.

Direct peers

• One Click LCA: SaaS platform for product carbon footprint, LCA, and EPD generation with ISO 14067 alignment. Comparable to ReFlow's PCF calculation engine and CSRD-grade outputs, though more weighted to construction/manufacturing than maritime.
• Sweep: Carbon and ESG management platform targeting mid-market and enterprise with Scope 3 data collection and supplier engagement workflows. Comparable SaaS-led, audit-ready methodology posture.
• Sphera (Blackstone): Enterprise LCA and ESG software platform (formerly thinkstep) covering product carbon footprints, Scope 3, and supply-chain emissions across heavy industry. Closely comparable to ReFlow's ISO-aligned PCF and LCA offering, with a broader industry footprint but less maritime specialization.

Emerging players

• GreenStory: Product carbon footprint SaaS for consumer goods and B2B suppliers, focused on Scope 3 data provision. Comparable PCF and supplier-engagement angle to ClimateHub, though not maritime-focused.
• CarbonCloud: SaaS platform for product-level climate footprints built on extensive ingredient-level emission data. Comparable methodology-led, PCF-first positioning; complementary to ReFlow in supply-chain Scope 3 narratives.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/reflowmaritime
• LinkedInlinkedin.com/company/reflow-maritime

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ReFlow - engineering a circular economy