Ecolab, Inc. - ECL STOCK NEWS

Ecolab has committed to implementing the Stakeholder Capitalism Metrics from the World Economic Forum to enhance its ESG performance. These metrics, consisting of 21 core disclosures, focus on critical areas for businesses, including governance, environmental impact, and social responsibility. CEO Christophe Beck emphasizes the need for long-term success through sustainable practices. The metrics aim to bolster accountability and transparency in ESG reporting, aligning Ecolab's operations with global standards for sustainability and stakeholder value creation.

Ecolab will conduct a live webcast on February 16, 2021, at 1:00 p.m. Eastern Time to discuss its fourth quarter earnings results for 2020. A news release with the results will be published before market opening on the same day. The webcast is expected to last one hour and will be accessible through Ecolab's investor website. The company, recognized as a global leader in water, hygiene, and infection prevention solutions, reported annual sales of $13 billion and operates in over 170 countries, serving nearly three million commercial customers.

Ecolab has received Emergency Use Authorization (EUA) from the FDA for its Bioquell Technology System designed to decontaminate specific N95 respirators. This system allows healthcare facilities to sterilize masks on-site, addressing ongoing shortages amidst the COVID-19 pandemic. The Bioquell system utilizes hydrogen peroxide vapor technology, achieving a 99.9999% reduction of pathogens. It is authorized for the decontamination of compatible N95 masks to facilitate their reuse by healthcare professionals, enhancing safety for frontline workers.

Ecolab's Board of Directors has announced a 2% increase in its quarterly cash dividend, raising it to $0.48 per common share. The dividend will be paid on January 15, 2020, to shareholders of record as of December 15, 2020. This marks the 29th consecutive annual dividend increase for Ecolab, emphasizing the company's commitment to shareholder returns. Ecolab has maintained a cash dividend for 84 consecutive years and reported annual sales of $13 billion. The increase reflects confidence in the company's solid financial position amid challenges posed by COVID-19.

Ecolab has appointed Chris Roberts as the new executive vice president and general manager for Global Food & Beverage. Roberts brings over 25 years of extensive experience in the food and beverage industry, having worked with major companies like PepsiCo, Coca-Cola, and Cargill. His role will focus on helping customers achieve efficiency and sustainability in food production. Ecolab, a leader in water, hygiene, and infection prevention solutions, reported annual sales of $13 billion and operates globally in over 170 countries.

Ecolab has secured EPA product approval for its Virasept™ product, marking the first disinfection solution for biofilms in wastewater drains. This innovative foaming application aims to reduce pathogen transmission in hospitals. Virasept, a patented peracid mixture, is effective against over 30 organisms, including C. diff and norovirus, and is included in the EPA’s List N for SARS-CoV-2. Linda Homan, an infection prevention expert, highlights the unique benefits of this product, which ensures compliance with contact time requirements.