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RISKS TO OUR STRATEGY
While we remain optimistic about our long-term outlook, we are subject to a number of risks and uncertainties in carrying out our activities. See page 32 for further discussion on our Risk Management program. A complete list of our risk factors is disclosed in our most recently filed Annual Information Form.
---------------------------------------------------------------------------- MitigationRisks--------------------------------------------------------------------------------------------------------------------------------------------------------Market activity is lower thananticipated Improve productivityLower market activity can translate Develop new technologies that make ourinto reduced waste volumes and processes more effective and costweaker commodity prices, impacting efficientreturns on existing assets and our Maintain debt leverage to providecapacity to invest in organic growth adequate financial flexibilitycapital. Utilize, as needed, proven defensive toolkit to manage costs and capital expenditures----------------------------------------------------------------------------Deterioration of safety recordFailure to meet customer safety Since 1993, safety has been establishedstandards while working on customer as one of our core valuessites or at our facilities could Long standing history of safetyresult in limitations in our ability excellenceto secure new contracts. Our Environmental, Health and Safety ("EH&S") team works with operators, customers and regulators to ensure that we foster a culture of safety and prevention Designs for facilities and onsite equipment are subject to strict hazards and operability studies and engineering practices----------------------------------------------------------------------------CompetitionCompetition can come from generators Our onsite solutions are targeted toof waste processing streams facilitate waste generators managinginternally or new third party waste their waste onsiteprocessors entering the market. We are well established in the industry with an excellent safety record and a facility network for mobilization, employee training and a backstop for process guarantees Barriers to entry include facilities network and infrastructure as well as regulatory permits----------------------------------------------------------------------------Failure to commercialize identifiedtechnologies into our processes Staged approach for developingFailure to commercialize new technologies, which differentiatestechnologies could reduce our between proven and unprovencompetitiveness. technologies, ensures resources can be redeployed efficiently to other initiatives Other initiatives include expansion of services and business development Performance from our current assets employed is not contingent on the commercialization of the identified technologies----------------------------------------------------------------------------Organizational capabilitiesFailure to effectively recruit, Develop our people through talentretain and integrate top talent in development programs which includeperiod of growth could negatively customized leadership training andimpact our ability to meet our long- comprehensive on-boardingterm targets. Engage new employees in EH&S training programs and Safety Leadership programs Use of cross functional training and teams to promote integration----------------------------------------------------------------------------
