Perma-Fix Environmental Services, Inc.
Climate Impact & Sustainability Data (2013, 2021)
Reporting Period: 2013
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Discussions with certain parties affecting the 2013 audited financial statements, preventing completion of the Form 10K by the deadline.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2021
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- COVID-19 impact resulting in waste shipment delays and supply chain challenges delaying new waste treatment technology deployment.
- Limited end disposal sites for nuclear waste.
- Seasonal factors causing revenue fluctuations.
- Highly competitive businesses with pricing pressure.
- Cost overruns in fixed-price contracts.
- Potential environmental liabilities and remediation costs.
- Changes in environmental regulations and enforcement policies.
- Increased litigation potential as operations expand.
- Dependence on government contracts which are subject to termination.
- Supply chain constraints impacting operations and financial results.
Mitigation Strategies
- Proactive updates to business operations and safety plans to mitigate COVID-19 impact.
- Continuously reviewing methods to raise additional capital and reduce operating costs.
- Aggressively bidding on various contracts, including international markets.
- Maintaining adequate insurance coverage.
- Developing a plan of remediation to strengthen internal controls pertaining to evaluating revenue contracts that contain nonstandard terms and conditions.