SUEZ ENVIRONNEMENT (EPA:SEV) Covid-19: SUEZ puts in place a solidarity plan

Transparency directive : regulatory news

08/04/2020 20:54

press release

Paris - April 8, 2020

                Covid-19: SUEZ puts in place a solidarity plan

As of today, Suez offers to reinforce support measures and to provide
additional financial resources to fight Covid-19 involving all its stakeholders
- clients, employees, suppliers, managers, shareholders.

  > Support of employees who have been placed on partial unemployment.
  > Donation of a quarter of the Chief Executive Officer and Comex salaries
    towards initiatives to fight Covid-19 during the lockdown period.
  > A reduction of the dividend of almost a third to 0.45EUR per share,
    proposed to the general assembly.

For all its clients, since the virus appeared in January, SUEZ has been greatly
mobilized across the world to help all our customers, large, small, private
individuals and industries, around its missions: water treatment and
distribution, waste collection and recovery. Responsible for providing
essential services, SUEZ plays a key role in public health, with the help of
its partners.

The Group wishes to warmly thank its employees for their daily commitment,
essential to provide its missions and to ensure business continuity.

All employees who during this period have been placed on partial unemployment
will be duly compensated in accordance with the SUEZ social policies applicable
in their country, or receive at least 50% of their salary in countries without
an adequate social system.

In France, SUEZ will provide a net EUR1,000 bonus to all teams on the ground
who have been mobilized in order to ensure business continuity. Furthermore,
employees who have been placed on partial unemployment will receive their
salary in full. Finally, the profit-sharing will be paid as per initial
schedule.

As a measure of solidarity, the Chief Executive Officer and the Executive
Committee members have decided to donate 25% of their salaries during the
lockdown period. The donations will be provided via the SUEZ Foundation to the
Institut Pasteur and to Unicef to finance research and provide support of
healthcare workers during the crisis. In addition, the SUEZ Foundation will
allocate significant part of its budget to Covid-19 support measures.

In order to contribute to these solidarity measures, which are at the heart of
SUEZ mission, the Board of Directors calls on its shareholders to adopt during
the upcoming General Assembly a proposition of a dividend of 0.45EUR per share,
a reduction of around a third compared to previous fiscal year.

Bertrand Camus, SUEZ CEO, stated: "SUEZ is currently mobilized to provide our
customers with essential services during the global sanitary crisis. Due to its
geographical span and scope, and thanks to the solidity of its balance sheet,
the Group can set up solidarity contributions in addition to its operational
commitment. We are preparing for tomorrow, today."

About SUEZ
With 90,000 employees on the five continents, SUEZ is a world leader in smart
and sustainable resource management. We provide water and waste management
solutions that enable cities and industries to optimize their resource
management and strengthen their environmental and economic performances, in
line with regulatory standards. With the full potential of digital technologies
and innovative solutions, the Group recovers 45 million tons of waste a year,
produces 4.4 million tons of secondary raw materials and 7.7 TWh of local
renewable energy. It also secures water resources, delivering sanitation
services to 66 million people and reusing 1.1 million m3 of wastewater. SUEZ
generated total revenues of EUR18.0 billion in 2019.

SUEZ CONTACTS

Press                                 Investors / Analysts
Isabelle Herrier Naufle               Mathilde Rodié / Cécile Combeau
isabelle.herrier.naufle@suez.com      +33 6 32 13 70 17/ +33 6 32 35 01 46
+33 6 83 54 89 62

        Find out more about SUEZ Group on the website & on social media
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