Yes, regulatory risks include changing environmental laws, potential carbon taxes, and cybersecurity regulations affecting industrial systems. The company also faces global trade policy risks and compliance with anti-corruption laws like the FCPA. These are monitored through the company's enterprise risk management framework.
We are subject to regulation under a wide variety of U.S. federal and state and non-U.S. laws, regulations and policies, including laws related to anti-corruption, anti-bribery, export and import compliance, anti-trust and money laundering, due to our global operations. ... We also are subject to various laws and regulations relating to environmental protection... increased public awareness and concern regarding global climate change may result in more international, federal, and/or state or other stakeholder requirements or expectations that could result in more restrictive or expansive standards, such as stricter limits on greenhouse gas emissions or more prescriptive reporting of environmental, social, and governance metrics.