Company: BCO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000078890-25-000059
Chunk: 87

Company: BRINKS CO
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 87
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 Such new laws or regulations, or stricter enforcement of existing laws and regulations, could increase the costs of operating our businesses, including, among other things, increased fuel prices or additional taxes or emission allowances, and reduce the demand for our products and services, any or all of which could adversely affect our operations. Additionally, we may not be able to recover the cost of compliance with new or more stringent environmental laws and regulations from our customers, which could adversely affect our business. Furthermore, the potential effects of climate change and related regulation on our customers are highly uncertain and may adversely affect our operations.

We may also incur additional expenses related to U.S. and international regulators requiring varied calculation, disclosure, and assurance methodologies regarding greenhouse gas ("GHG") emissions including, but not limited to, the European Sustainability Reporting Standards and Corporate Sustainability Reporting Directive and California SB219. Furthermore, many countries and U.S. states in which we operate or are subject to regulation may adopt, additional requirements related to the disclosure of GHG emission and related matters.

Operational Risks

We have significant operations outside the United States.

We currently serve customers in more than 100 countries, including 51 countries where we operate subsidiaries. Seventy percent (70%) of our revenues in 2024 came from operations outside the U.S. We expect revenues outside the U.S. to continue to represent a significant portion of total revenues. Business operations outside the U.S. are subject to political, economic and other risks inherent in operating in foreign countries, such as:

•the difficulty of enforcing agreements, collecting receivables and protecting assets through foreign legal systems;

•trade protection measures and import or export licensing requirements;

•difficulty in staffing and managing widespread operations;

•required compliance with a variety of foreign laws and regulations;

•enforcement of our global compliance program in foreign countries with a variety of laws, cultures and customs;

•varying permitting and licensing requirements in different jurisdictions;

•foreign ownership laws;

•changes in the general political and economic conditions in the countries where we operate, particularly in emerging markets;

•threat of nationalization and expropriation;

•higher costs and risks of doing business in a number of foreign jurisdictions;

•laws or other requirements and restrictions associated with organized labor;

•limitations on the repatriation of earnings;

•the imposition of new or increased international tariffs and the impact on currency exchange rates;

•fluctuations in equity, revenues and profits due to changes in foreign currency exchange rates, including measures taken by governments to devalue official currency