Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 36

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 4
Chunk 36
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 transmittance properties
to heat or cool a structure. On August 16, 2022, the Inflation Reduction Act of 2022 was signed into law, including the
energy tax credit provisions from the Dynamic Glass Act. Following the enactment, if certain project criteria are met, these new energy
properties are eligible for a thirty percent (30%) federal tax credit on construction projects that begin before 2024.

European Union Renewable Energy Initiatives

In 2020, the European Commission
also established a framework for the European Green Deal such that the European Commission has set out to make Europe climate-neutral
by 2050, which also sets the intermediate target of reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels.
Under the European Green Deal, renewable energy is a pillar of the clean energy transition.

Additionally, in October 2023,
the Council of the European Union adopted the new Renewable Energy Directive to raise the share of renewable energy in the EU’s
overall energy consumption to 42.5% by 2030 with an additional 2.5% indicative top-up to allow the target of 45% to be achieved. Since
the introduction of the Renewable Energy Directive (2009/28/EC), the share of renewable energy sources in EU energy consumption has increased
from 12.5% in 2010 to 21.8% in 2021.

Human Capital Resources

Our key human capital management
objectives are to attract, retain and develop the highest quality talent throughout our company. To support these objectives, we strive
to provide our employees good working conditions and competitive pay, as well as a wide range of benefits programs to eligible employees.
We continuously evaluate our benefits programs and policies to meet present and future employee needs and desires. These programs and
policies are intended to ensure the well-being of our employees. Programs and policies applicable to our employees generally include,
but are not limited to, benefits programs, equity compensation plans, flexible work schedules, diversity and inclusion initiatives, professional
development opportunities, paid time-off policies and recognition and rewards programs.

At Gauzy, culture is not
just an incidental by-product of working together, it’s our way of life. We believe in integrity, inclusion, divers ity,
and fairness, as shown by the employee initiatives that we encourage and enforce:

  respectful                                            

  teamwork                                                                                             

  work/life                                                                             

  employer                                                                                                     

As of March