Republic Services (RSG) Risk Factor Changes

Our business is directly affected by changes in local, national, global and general economic factors and overall economic activity that are outside of our control, including changes in governmental monetary policies,…

The loss of key personnel or the inability to attract, hire or retain key team members and a high-quality workforce could have a material adverse effect on our consolidated financial condition, results of operations,…

We use information technology and operational technology assets, including computer and information networks and artificial intelligence technologies and services in substantially all aspects of our business operations.

A significant cybersecurity incident could negatively impact our business and our relationships with employees, customers and vendors and expose us to increased liability.

Our operations are increasingly dependent on technology, including AI and machine learning tools that we deploy or that are embedded in systems provided by third parties.

Our strategy includes an increasing dependence on technology, including the use of artificial intelligence (AI), in our operations.

and amortization of landfill development costs, accruals for final capping, closure and post-closure costs, valuation allowances for accounts receivable and deferred tax assets, liabilities for potential litigation, c…

Our ability to execute our financial strategy depends in part on our ability to maintain investment grade ratings on our debt.

In Canada, the federal Greenhouse Gas Pollution Pricing Act imposes a carbon pricing system for industry in provinces and territories that have not implemented carbon pricing systems of their own or, in the opinion of…

With regard to greenhouse gas emissions from our landfills, on July 14, 2016, the EPA issued amendments to its regulations that require large landfills that commenced construction, reconstruction or modification on or…

Efforts to curtail the emission of greenhouse gases and to ameliorate the effects of climate change continue to progress.

In addition, increasing governmental and societal attention to sustainability matters, including expanding mandatory and voluntary reporting in certain jurisdictions, diligence and disclosure on topics such as climate…

As of December 31, 2025, approximately 22% of our workforce was covered by collective bargaining agreements.

We are periodically subject to work stoppages and other workforce effects, which increases our operating costs and disrupts our operations.

the United States are setting zero-waste goals in which they strive to send no waste to landfills and some jurisdictions have enacted or are considering waste reduction regulations such as extended producer responsibi…

Alternatives to landfill disposal, and increasing customer preferences for these alternatives, could reduce our disposal volumes and cause our revenues and operating results to decline.

severe heat waves, fires, storms and other extreme weather events.

We purchase or collect and process recyclable materials such as paper, cardboard, plastics, aluminum and other metals for sale to third parties.

We principally compete with large national waste management companies, numerous municipalities and numerous regional and local companies.

The risks identified in the bullet points above are not exhaustive.

•the negative impact that a significant cyber-security incident could have on our business and our relationships with our employees, customers and vendors; and

•changes to generally accepted accounting principles or policies;

•compliance with existing and future legal and regulatory requirements, including changes relating to per- and polyfluoroalkyl substances (commonly referred to as PFAS) and other chemicals of emerging concern and limi…

•our ability to increase prices to our customers, which may not be adequate to offset the impact of increased costs, including labor, third-party disposal and fuel and may cause us to lose volume;

•fluctuations in prices and demand for recycled commodities that we sell to customers;

depreciation expense and accretion expense), which may be difficult to adjust quickly to match declining volume levels.

In September 2024, the U.S.

regulatory environment surrounding information security and privacy is increasingly demanding, with the frequent imposition of new and constantly changing requirements.

Efforts to curtail the emission of greenhouse gases and to ameliorate the effects of climate change continue to progress.

As of December 31, 2024, approximately 22% of our workforce was covered by collective bargaining agreements.

looking statement.

Our consolidated financial statements have been prepared in accordance with U.S.

At the U.S.

regulations to our landfills could have a material adverse effect on our landfill operations and on our consolidated financial condition, results of operations and cash flows.

increased enforcement actions by various governmental and regulatory agencies, create challenges for us.

Most of the states in which we operate landfills require counties and municipalities to formulate comprehensive plans to reduce the volume of solid waste deposited in landfills through waste planning, composting, recy…

Our operations could be adversely impacted by extreme weather events, changing weather patterns and rising mean temperature and sea levels, some of which we are already experiencing.

lower prices to address competitive issues, it could negatively impact our consolidated financial condition, results of operations and cash flows.