Veolia's 2024 Employee Share Plan Empowers Workforce Ownership
Empowerment Through Ownership: Veolia's 2024 Employee Share Plan
In a significant move to engage its workforce, Veolia has rolled out the Sequoia 2024 Employee Shareholding Plan. This initiative expands upon the company's tradition of involving employees in its growth and value creation. Offered to a massive employee base across 54 countries, it saw remarkable participation.
A Record Participation Rate
The Sequoia 2024 plan achieved unprecedented success, with nearly 80,000 of the 179,000 employees subscribing, yielding a subscription rate of almost 45%. This high level of involvement marks the program as the most successful in Veolia's history. For the company, this not only reflects robust employee commitment but also a deep trust in Veolia's strategic vision.
Investment and Growth
The total investment commitment from employees reached around €356 million, bolstered through leverage, leading to the issuance of over 14.5 million new shares. This impressive figure equates to approximately 2% of Veolia's share capital, thus further solidifying the employees' status as the largest shareholder group in the company, now possessing over 9% of the overall capital.
Impact of Employee Shareholding
The success of Sequoia 2024 underscores the dedication of Veolia’s workforce toward achieving the objectives outlined in the GreenUp 24-27 strategic plan. As of mid-September, the total shares in circulation will rise to approximately 740 million, reflecting the company’s ongoing commitment to its employees.
Voices from Leadership
Estelle Brachlianoff, CEO of Veolia, expressed her pride in the employee shareholding initiative. She noted, "At Veolia, employees are the company's largest shareholders, and I am particularly proud of that. The success of the Sequoia 2024 initiative demonstrates their trust and commitment to Veolia's goals. Their active participation is crucial as we strive for excellence in our ecological transformation efforts across our diverse sectors – water, waste, and energy. These collective efforts will enable us to meet upcoming challenges with renewed energy and ambition. Our goal remains clear: to decarbonize, depollute, and regenerate resources effectively."
About Veolia
With a mission to lead in ecological transformation, Veolia operates worldwide with nearly 218,000 employees. The group's focus is on delivering sustainable solutions in water, waste, and energy management that significantly address global challenges. In the past year, Veolia successfully provided essential services to millions, ensuring access to drinking water for over 113 million people and effective sanitation for 103 million. Their operations yielded 42 million megawatt hours of energy while managing the treatment of 63 million tonnes of waste. Veolia Environnement, as listed on Paris Euronext (VIE), reported robust consolidated revenue figures of €45.351 billion, demonstrating the company's strength in the market.
Frequently Asked Questions
What is the Sequoia 2024 Employee Shareholding Plan?
The Sequoia 2024 plan is an initiative by Veolia to enhance employee involvement through share ownership, making them significant stakeholders in the company.
How many employees participated in the plan?
Nearly 80,000 employees subscribed to the Sequoia 2024 plan, achieving a participation rate of about 45%—the highest recorded for Veolia.
What was the total investment from employees?
Employees committed approximately €356 million to the Sequoia 2024 initiative, leading to the issuance of over 14.5 million shares.
What percentage of shares do employees hold now?
Following the plan's implementation, employees now hold over 9% of Veolia's total share capital, reinforcing their role as the largest shareholder group.
What is Veolia's main objective?
Veolia aims to be the benchmark company for ecological transformation, focusing on sustainable management of water, waste, and energy to support global resource renewal.
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