Company: SNY
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0001121404-25-000010
Chunk: 259

Company: Sanofi
Filing Date: 2025-02-13
Form: 20-F
Chunk 259
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 or exceeds the maximum amount determined under the specified criteria, in which case no profit share is paid to the employees. No distribution was made under the voluntary scheme in 2024 in respect of 2023. Statutory scheme The statutory scheme (participation des salariés aux résultats de l’entreprise) is a French legal obligation for companies with more than 50 employees that made a profit in the previous financial year. The amo unt distributed by our French companies in 2024 in respect of the statutory scheme for the year ended December 31, 2023 represented 10.62% of total payroll. Distribution formula In order to favor lower-paid employees, the voluntary and statutory profit-sharing agreements entered into since 2005 split the benefit between those entitled as follows: • 60% prorated on the basis of time spent in the Company’s employment in the year; and • 40% prorated on the basis of gross annual salary received during the year, subject to a lower limit equal to the social security ceiling and an upper limit of three times the social security ceiling. Employee savings schemes and collective retirement savings plan The employee savings arrangements operated by Sanofi are based on a collective savings scheme (Plan d’Épargne Groupe) and a collective retirement savings scheme (Plan d’Épargne pour la Retraite Collectif) . Those schemes reinvest the sums derived from the statutory and voluntary profit-sharing schemes, plus voluntary contributions from employees. In 2024 , 92% o f the employees who benefited from the profit-sharing schemes opted to invest in the collective savings scheme, and nea rly 80% opted to invest in the collective retirement savings scheme. Sanofi supplements the amount invested by employees in these schemes by making a top-up contribution. In 202 4, €141.3 mill ion and €58.1 m illion were invested in the collective savings scheme and the collective retirement savings scheme respectively through the voluntary and statutory schemes, and through top-up contributions. Employee share ownership As of December 31, 2024, shares held under the collective savings scheme or in registered form by employees of Sanofi, employees of related companies and former employees amoun te d to 2.9% of our share capital. For more information about our most recent employee share ownership plan, refer to “Item 10. Additional Information — Changes in Share Capital — Increases in Share Capital”.

| 156 | SANOFIFORM 20-F2024 |

| PART I