REPUBLIC SERVICES, INC. (RSG) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that REPUBLIC SERVICES, INC. surfaced in its latest filing.

• Fuel costs were $466 million in 2025 (2.8% of revenue) and $470 million in 2024 (2.9% of revenue).2025
• In 2025, approximately 22% of workforce covered by collective bargaining agreements; experienced service interruptions due to strikes and work stoppages in 2025.2025
• Committed to reducing absolute Scope 1 and Scope 2 greenhouse gas emissions 35% by 2030 relative to 2017 baseline.2017
• EPA in 2024 listed two PFAS as hazardous substances under CERCLA and is considering listing additional PFAS.2024
• EPA's July 14, 2016 amendments require large landfills that commenced construction, reconstruction or modification on or after July 17, 2014 to capture additional landfill gas.2016-07-14
• Canadian federal government finalized new Landfill Methane Regulations in December 2025, targeting a 42% reduction below 2019 levels by 2030.2025-12
• California requires greenhouse gas emission disclosure and climate-related financial risk information, subject to legal challenge.
• We are a potentially responsible party at many sites under CERCLA.
• As of December 31, 2025, approximately $14 billion in principal value of debt and finance leases outstanding.2025-12-31
• We participate in multiemployer pension plans, some of which are critical or endangered under the PPA.