Environmental Clean Technologies Completes Small Shareholding Sale – TipRanks

Corporate and Sustainability Report: Environmental Clean Technologies Limited (AU:ECT)

1.0 Corporate Action: Completion of Small Shareholding Sale Facility

Environmental Clean Technologies Limited (ECT) has finalized a small shareholding sale facility. This corporate action was undertaken to manage the company’s share register efficiently. Key details of the transaction are as follows:

• Shares Sold: A total of 3,258,625 shares were sold.
• Participating Shareholders: The sale involved 2,833 shareholders whose individual holdings were valued at less than A$500.
• Sale Price: Participating shareholders will receive $0.08 per share.
• Transaction Benefits: The sale was conducted without brokerage fees for the participating shareholders, and payments will be issued in Australian Dollars via direct credit.

2.0 Company Profile and Alignment with Sustainable Development Goals (SDGs)

Environmental Clean Technologies Limited operates within the clean technology sector. The company’s core mission is the development and commercialization of technologies designed to reduce carbon emissions and improve overall energy efficiency. This strategic focus places ECT in direct alignment with several key United Nations Sustainable Development Goals (SDGs).

2.1 Contribution to Global Sustainability Agenda

ECT’s business model and technological pursuits contribute directly to the following SDGs:

1. SDG 7: Affordable and Clean Energy
   • By developing technologies that enhance energy efficiency, ECT supports the goal of ensuring access to affordable, reliable, and sustainable modern energy for all.
2. SDG 9: Industry, Innovation, and Infrastructure
   • The company’s focus on commercializing innovative clean technologies promotes the upgrading of industrial infrastructure to be more sustainable, resource-efficient, and environmentally sound.
3. SDG 12: Responsible Consumption and Production
   • ECT’s solutions aim to create more efficient production processes, reducing the energy and carbon footprint of industrial activities and fostering sustainable production patterns.
4. SDG 13: Climate Action
   • The primary objective of reducing carbon emissions through technological innovation is a direct contribution to the urgent action required to combat climate change and its impacts.

3.0 Market Data Summary

A summary of current market indicators for Environmental Clean Technologies Limited is provided below:

• Average Trading Volume: 887,681
• Current Market Capitalization: A$27.6M
• Technical Sentiment Signal: Strong Sell

Sustainable Development Goals (SDGs) Analysis

1. Identified SDGs

The article highlights issues and activities related to several Sustainable Development Goals (SDGs), primarily through the description of the company’s mission. The relevant SDGs are:

• SDG 7: Affordable and Clean Energy – The company’s focus on “technologies that aim to… improve energy efficiency” directly contributes to making energy systems more sustainable.
• SDG 9: Industry, Innovation, and Infrastructure – The article describes Environmental Clean Technologies Limited as a company in the “clean technology industry, focusing on developing and commercializing technologies.” This aligns with the goal of building resilient infrastructure, promoting inclusive and sustainable industrialization, and fostering innovation.
• SDG 12: Responsible Consumption and Production – By developing technologies to “improve energy efficiency,” the company supports more sustainable patterns of production, which is a core aspect of this goal.
• SDG 13: Climate Action – The company’s primary stated aim is to develop technologies that “reduce carbon emissions,” which is a direct action to combat climate change and its impacts.

2. Specific Targets

Based on the company’s focus described in the article, the following specific SDG targets can be identified:

1. Target 7.3: By 2030, double the global rate of improvement in energy efficiency. The article’s mention of the company’s focus on technologies to “improve energy efficiency” directly relates to this target.
2. Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes. The company’s work in “developing and commercializing technologies” for the “clean technology industry” is a direct contribution to this target.
3. Target 12.2: By 2030, achieve the sustainable management and efficient use of natural resources. Improving energy efficiency is a key component of the efficient use of natural resources.
4. Target 13.2: Integrate climate change measures into national policies, strategies and planning. While the company’s actions are at a corporate level, its mission to “reduce carbon emissions” supports the broader objective of this target.

3. Mentioned or Implied Indicators

The article does not provide explicit data or metrics for measuring SDG progress. However, it implies indicators through its description of the company’s objectives:

• Indicator for reducing emissions: The phrase “reduce carbon emissions” directly implies a measurable indicator, such as the amount of CO2 emissions reduced or avoided through the company’s technologies. This relates to official indicators like 9.4.1 (CO2 emission per unit of value added).
• Indicator for energy efficiency: The goal to “improve energy efficiency” implies an indicator related to energy intensity or the amount of energy saved. This aligns with the official indicator 7.3.1 (Energy intensity measured in terms of primary energy and GDP).
• Indicator for technology commercialization: The mention of “commercializing technologies” suggests that progress could be measured by the number of clean technologies developed, the level of investment in these technologies, or their rate of adoption in the industry.

4. Summary Table of Findings

Source: tipranks.com