Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Developed and commercialised environmentally beneficial air purification technologies (biofiltration)
• Clean-iX® Technology with lower environmental impact than conventional technologies (smaller plant size, less metal loss, lower water use)

Social Achievements

• Established an Occupational Health and Safety Management Committee
• Significant improvements in occupational health and safety
• Employee Share Plan, granting equity interests to employees with >6 months service
• Staff numbers increased by more than 50%

Governance Achievements

• Successfully listed on the ASX
• Established a Board Charter to promote high standards of corporate governance
• Established an Audit Committee, Nomination and Remuneration Committee, and Market Disclosure Committee
• Adopted a code of conduct for Directors and Senior Executives
• Established a formal written Share Trading Policy

Climate Goals & Targets

Environmental Challenges

• Project-based operating model leading to revenue variations from forecasts
• Increased employment costs and continued investment in R&D exceeding 10% of revenue

Mitigation Strategies

• Strong balance sheet with negligible debt, providing a buffer against global credit crunch
• Significant portion of free cash flow reinvested in R&D and recruitment to support future growth
• Appropriate cash reserves to leverage opportunities in Air, Water, and Resource Recovery industries

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Clean-iX® Technology
• Biofiltration technologies

Environmental Metrics

ESG Focus Areas

• Environmental remediation of air and water
• Resource recovery
• Sustainable solutions

Environmental Achievements

• Formation of Associated Water Pty Ltd (50:50 Joint Venture with Nippon Gas Co., Ltd) for treatment of coal seam gas water.
• Licensing of CIF™ technology to Associated Water Pty Ltd for water treatment in the coal seam gas sector in Australia.
• Continuing R&D activity in relation to water treatment and recovery, light metal recovery from wastes, nitrate removal from groundwater.

Social Achievements

• Continuing R&D activity in relation to water treatment and recovery, light metal recovery from wastes, nitrate removal from groundwater.
• Partnership with Nippon Gas Co., Ltd for technology licensing and joint ventures.
• Employee engagement and retention initiatives (implied through discussion of employee efforts and appreciation).

Governance Achievements

• Establishment of a Market Disclosure Committee.
• Establishment of an Audit Committee.
• Establishment of a Nomination and Remuneration Committee.

Climate Goals & Targets

Environmental Challenges

• Market inertia and slow uptake of new technologies.
• Controlling costs while achieving sufficient sales.

Mitigation Strategies

• Focus on building and expanding relationships with global industry leaders to fast-track commercialization.
• Improved sales and marketing strategies to provide greater certainty in sales prediction and delivery.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• CIF™ technology
• DeSALx™
• HiROx™
• Clean-iX ® Technology
• OdourTeQ ™
• ThermTeQ ™

Environmental Metrics

ESG Focus Areas

• Water Purification
• Resource Recovery
• Air Purification

Environmental Achievements

• Successfully treated salty water from coal seam gas production to irrigation quality
• Successfully demonstrated extraction and purification of scandium from refinery waste streams and base metals from mine locations
• Clean-iX® technology demonstrated to successfully extract and recover copper at Australian mine site

Social Achievements

• Relocation to new premises and opening of state-of-the-art research facility

Governance Achievements

• Implementation of a broad-based succession plan
• Structural changes resulting in a revitalised team
• Appointment of Mr. Cory Williams as Chief Executive Officer and Mr. Ealden Tucker as Business Leader - Water

Climate Goals & Targets

Environmental Challenges

• Lower revenue and operating result from prior year
• Difficult Australian market for odour control technologies
• Further delay of a significant water project in S.E. Asia

Mitigation Strategies

• Cost cutting and personnel changes resulting in significant expenditure savings
• Improved efficiencies and profitability in the Air division
• Strategic pivot to leverage Continuous Ion Exchange intellectual property
• Negotiations with potential partners and investors

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Continuous Ion Exchange (CIF™) technology
• DeSALx™ technology
• HIROx™ technology
• Clean-iX® technology