Together, let’s give
employee shareholders a stronger voice.
By joining our community, you take part in a collective movement that places greater value on the perspectives of employee shareholders and helps shape the future of the Group.
News
Dec 22, 2025
AAVE 2026-2030 Candidacy for the Election of the Employee Shareholders’ Representative Director on Veolia’s Board
Article
Jean-Christophe Taret & Sandra Cortese for “An influential voice. A shared, sustainable future."
Dec 22, 2025
Election of the Employee Shareholders’ Representative Director on Veolia’s Board
Video
Discover the profile of Jean-Christophe Taret, our candidate for the 2026–2030 term
Your voice counts
Since 2008, we have championed the belief that employees are more than just team members — they are shareholders with the power to shape strategic decisions.
Independent and open to all, the association promotes more participative governance and works to improve understanding of employee savings schemes.
Become a member of the AAVE
Join us today and become part of the future.
You'll receive personalised support to help you make the right savings choices, have access to clear, easy-to-use educational tools, and take an active role in the group’s governance.
An office with complementary areas of expertise
A team of professionals to support you and keep you informed
A collective objective
Achieve and maintain 10% employee share ownership
A commitment to citizenship
The more of us there are, the more our voice counts
A global community
190,000 eligible employees included in the scheme
A majority-led committee
On the supervisory board of the Sequoia Plan funds
The Sequoia plan,
Veolia's flagship initiative
Sequoia is Veolia's employee share ownership plan and the main gateway to the group's share savings scheme.
What is the Sequoia plan?
Accessible to all employees, it allows them to invest in specific funds, benefit from a matching contribution, and gradually build up savings over the medium or long term.
When you participate in Sequoia, you are not only contributing to your personal future: you are also taking part in a collective dynamic whose ambition is for employees to hold at least 10% of the company's capital.
Who is it for?
190,000 eligible employees in 54 countries
Current employees with at least 3 months' seniority and retired and early-retired former employees
How do we do it?
Secured with leverage
(gross matching contribution, investment guarantee, minimum return or performance-linked multiplier)
Retention and availability of shares
Shares held through an FCPE (Fonds Commun de Placement d'Entreprise) or direct shareholding, depending on the country.
Shares/units unavailable for 5 years except in cases of early release.
AAVE has a majority on the Supervisory Boards of the Sequoia plan FCPEs and is represented by an elected member on the Veolia Group Board of Directors.
Classic
(a 15% discount on the reference price, but with a risk of capital loss)
Worth noting
Only available in authorised countries and in accordance with local regulations.
The decision to invest is an individual one; Veolia and employers do not offer personalised advice.
Diversification is recommended to limit risk.
"Why do I support AAVE? Because I want my voice to be heard as a Veolia shareholder. Systematic organisation of an employee share ownership plan by the Group, secure offering, leveraged offering... The AAVE has undeniably proven its ability to influence the Group's strategic choices.".
Nicolas Renard
Mission Director to the Chairman and CEO of the Veolia Group and Director of the AAVE
What is employee share ownership?
Employee share ownership allows every employee to become a shareholder in their company.
At Veolia, this is an opportunity to link your savings to the group's performance while strengthening your role in its governance.
Your investments grow with the company's results, your voice carries more weight in strategic decisions, and you enjoy financial benefits like employer contributions and favourable tax treatment.
Pedagogy
Proximity
Commitment
Pedagogy
Proximity
Commitment
Pedagogy
Proximity
Commitment
Pedagogy
Proximity
Commitment
Pedagogy
Proximity
An independent association serving employees and retired shareholders
The Association des Actionnaires de Veolia pour l’Entreprise (AAVE) is an independent, apolitical, non-profit organisation established under the French law of 1901.
Our mission is to represent, inform and support Veolia employee shareholders with complete transparency and a single objective: to defend your interests and give your voice more weight.
Our role
Since 2008, AAVE has acted as a bridge between employee shareholders and the Group’s governance structures.
Promotion
Encouraging employee share ownership as a lever for collective performance.
Representation
Bringing the voice of employee shareholders to Veolia's Board of Directors.
Pedagogy
Facilitating accessibility with simple tools, guides and personalised support.
Our representatives on Veolia's Board of Directors
Elected director
Agata Mazurek-Bak
Director of Human Resources for the EEC zone and Veolia Poland
Agata Mazurek-Bak joined the Group in 2005 after a career in Finance and Audit. Multilingual and involved in several international networks, she campaigns for diversity, ecological transformation and the promotion of employee share ownership as a tool for motivation and retention. Her objective: to align the interests of employees and shareholders and thereby contribute to sustainable and responsible growth.
Alternate
Romain Ascione
Director of Development, France
Romain Ascione trained as an engineer and joined the Group in 2009. With over twenty years of operational experience, he brings in-depth knowledge of the ecological transformation sector and a clear understanding of customer expectations. As Chair of the Sequoia Classic FCPE and alternate representative of the AAVE on the Group's Board of Directors, he is committed to safeguarding employees' savings interests and promoting a regular, secure and attractive employee share ownership policy.
Our bodies
Our leadership and governance
In progress
...
The Board of Directors
In progress
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Free membership
To become a member
• You must hold at least one Veolia share (directly or via a fund such as PEG or Sequoia)
• Be an employee, former employee or retiree of the Veolia group
FAQ
Is employee share ownership just for executives?
Is it risky?
Can I get my money back easily?
What are the advantages compared to traditional savings?
