Company: SNY
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0001121404-25-000010
Chunk: 258

Company: Sanofi
Filing Date: 2025-02-13
Form: 20-F
Chunk 258
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 exchange views, negotiate, sign agreements and ensure that agreements are being implemented. Employee dialogue takes place in different ways from country to country, as dictated by specific local circumstances. Depending on the circumstances, employee dialogue relating to information, consultation and negotiation processes may take place at national, regional or company level. It may be organized on an interprofessional or sectorial basis, or both. Employee dialogue may be informal or implemented through a specific formal body, or a combination of both methods. Whatever the situation, Sanofi encourages employees to voice their opinions, help create a stimulating work environment and take part in decisions aiming to improve the way we work. These efforts reflect one of the principles of the Social Charter, whereby improving working conditions and the necessary adaptation to our business environment go hand-in-hand.

| SANOFIFORM 20-F2024 | 155 |

| PART I                                             |
| ITEM 6. Directors, Senior Management and Employees |

Profit-sharing Schemes, Employee Savings Schemes and Employee Share Ownership Profit-sharing schemes All employees of our French companies belong to voluntary and statutory profit-sharing schemes. Voluntary schemes Voluntary schemes (intéressement des salariés) are collective schemes that are optional for the employer and contingent upon pe rformance. The aim is to give employees an interest in the growth of the business and improvements in its performance. In June 2023, we entered into a new fixed-term statutory profit-sharing agreement for the 2023, 2024 and 2025 financial years, which applies to all employees of our French companies. Under the agreement, Sanofi pays collective variable compensation determined on the basis of the more favorable of (i) growth in consolidated net sales (at constant exchange rates and on a constant structure basis) or (ii) the ratio of business operating income to net sales on a reported basis (BOI margin). For each of those criteria, a matrix determines what percentage of total payroll is to be allocated to the scheme. An additional sum capped at 0.5% of total payroll may also be distributed, determined on the basis of two CSR-related performance conditions, each weighted at 0.25%: • a criterion reflecting progress in environmental matters (reduction in Sanofi greenhouse gas emissions worldwide); and • a social responsibility criterion: the number of employees in France registered on Sanofi-referenced volunteering programs. This overall allocation is reduced by the amount required by law to be transferred to a special profit-sharing reserve. The balance is then distributed between the employees unless the transfer to the reserve equals