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| N/A                                                   | 36/38, avenue Kléber, | Republic of France                              |
|-------------------------------------------------------|----------------------------|-------------------------------------------------|
| (Translation of Registrant’s name into English) | 75116 Paris, France        | (Jurisdiction of incorporation or organization) |

| Title of each class                                                                                                                                                                                      |   | Name of each exchange on which registered |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|
|                                                                                                                                                                                                     |   |                                      |
| Ordinary shares, nominal value €5 per share represented byAmerican Depositary Shares(as evidenced by American Depositary Receipts),each American Depositary Share representing one ordinary share* |   | The New York Stock Exchange               |

| Yes þ | No  |
|------------|-------------|

| Yes  | No þ |
|--------------|-----------|

|  Yes þ |  No  |
|------------------|-------------------|

|  Yes þ | No  |
|------------------|-------------|

| Item 17  | Item 18  |
|------------------|------------------|

| Yes  | No þ |
|--------------|-----------|

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| ITEM 7.   | MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS    |
|---------------------|------------------------------------------------------|
|                |                                                 |
| SIGNATURE           |                                                 |
|                |                                                 |
| PART III            |                                                 |
| ITEM 19.       | EXHIBITS                                             |
| EX-12.1   | SECTION 302 CERTIFICATION OF CHIEF EXECUTIVE OFFICER |
| EX-12.2             | SECTION 302 CERTIFICATION OF CHIEF FINANCIAL OFFICER |
|                |                                                 |
|                |                                                 |

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| Shareholders on December 31, 2011                 |   | Number of shares                                                   |   | Percentage ofshare capital                                   |   | Number ofvoting rights                                             |   | Percentage ofvoting rights ***                               |
|---------------------------------------------------|--------|--------------------------------------------------------------------|--------|--------------------------------------------------------------|--------|--------------------------------------------------------------------|--------|--------------------------------------------------------------|
| Caisse des Dépôts(1)                    |   | 47,873,873            |   | 9.21            |   | 47,873,873            |   | 9.47            |
| Groupe Industriel Marcel Dassault – GIMD(2) |   | 32,888,732            |   | 6.33            |   | 32,888,732            |   | 6.51            |
| Groupe Groupama(3)                                |   | 29,366,758            |   | 5.65            |   | 29,366,758            |   | 5.81            |
| Velo Investissement (Qatari Diar)(4)              |   | 24,681,519            |   | 4.75            |   | 24,681,519            |   | 4.88            |
| EDF(5)                                            |   | 20,577,271            |   | 3.96            |   | 20,577,271            |   | 4.07            |
| Veolia Environnement(6)                           |   | 14,237,927            |   | 2.74            |   | -**                   |   | -               |
| Public and other investors                        |   | 350,026,880           |   | 67.36           |   | 350,026,880           |   | 69.26           |
| Total                                             |   | 519,652,960*          |   | 100.00          |   | 505,415,033*          |   | 100.00          |

| *      | The share capital may change over the fiscal year depending on exercise of stock options.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **     | As of December 31, 2011 and the date of this annual report on Form 20-F, we held 14,237,927 treasury shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| ***    | Percentage of voting rights as a share of actual voting rights (our treasury shares do not exercise voting rights).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (1)    | According to the analysis of our shareholders as of December 31, 2011. To our knowledge, the most recent declaration of threshold crossing of Caisse des dépôts et consignations was filed on June 15, 2009 (AMF Decision and Information no. 209C0862 dated June 15, 2009).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (2)    | According to the statement of registered shareholders as of December 31, 2011 prepared by Société Générale (the account manager), and according to the analysis of our shareholders as of December 31, 2011. To our knowledge, the most recent declaration of threshold crossing of Groupe Industriel Marcel Dassault (GIMD) was filed on March 11, 2010 (AMF Decision and Information no. 210C0246 dated March 15, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (3)    | According to the analysis of our shareholders as of December 31, 2011. To our knowledge, the most recent declaration of threshold crossing of Groupama was filed on December 30, 2004 (AMF Decision and Information no. 205C0030 dated January 7, 2005).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (4)    | According to the analysis of our shareholders as of December 31, 2011. To our knowledge, the most recent declaration of threshold crossing of Velo Investissement (Qatari Diar) was filed on April 16, 2010 (AMF Decision and Information no. 210C0335 dated April 16, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (5)    | According to the statement of registered shareholders as of December 31, 2011 prepared by Société Générale (the account manager) and according to the analysis of our shareholders as of December 31, 2011. To our knowledge, EDF’s most recent declaration of threshold crossing was filed on December 30, 2002 (Euronext notice no. 2002-4424 dated December 31, 2002). In that declaration, EDF reported that on such date it held 16,155,492 Veolia Environnement shares. Furthermore, in the amendment dated November 24, 2002 to the agreement dated June 24, 2002, EDF stated that it would hold shares acquired in our Company as a financial investment, that it did not seek to influence our Company’s management and that it would exercise its voting rights solely for the purpose of enhancing the value of its investment. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (6)    | Treasury shares without voting rights. This figure is included in the monthly report of transactions carried out by Veolia Environnement with respect to its own shares that was filed with the French Regulatory Authority (AMF) on January 5, 2012.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

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|                                                                                                                                                                                                                                                                                      | Situation on December 31, 2011 |               | Situation on December 31, 2010 |   | Situation on December 31, 2009 |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|--------------------|--------------------------------|--------|--------------------------------|
| Shareholder*                                                                                                                                                                                                                                                                              | Number of shares               | % of share capital | % of voting rights             |   | Number of shares               | % of share capital | % of voting rights |   | Numberof shares | % of share capital | % of voting rights |
| Caisse des Dépôts                                                                                                                                                                                                                                                               | 47,873,873                     | 9.21               | 9.47                           |   | 47,273,114                     | 9.47 | 9.75 |   | 47,273,114 | 9.58 | 9.87 |
| Groupe Industriel Marcel Dassault – GIMD                                                                                                                                                                                                                                            | 32,888,732                     | 6.33               | 6.51                           |   | 29,150,851                     | 5.84 | 6.01 |   | na | na | na |
| Groupe Groupama                                                                                                                                                                                                                                                                           | 29,366,758                     | 5.65               | 5.81                           |   | 28,396,438                     | 5.69 | 5.86 |   | 28,234,444 | 5.72 | 5.89 |
| Velo Investissement (Qatari Diar)                                                                                                                                                                                                                                                         | 24,681,519                     | 4.75               | 4.88                           |   | 24,681,519                     | 4.95 | 5.09 |   | na | na | na |
| Capital Group Companies                                                                                                                                                                                                                                                                   | na                             | na                 | na                             |   | na                             | na | na |   | 22,252,765 | 4.51 | 4.65 |
| EDF                                                                                                                                                                                                                                                                                       | 20,577,271                     | 3.96               | 4.07                           |   | 19,329,226                     | 3.87 | 3.99 |   | 18,287,428 | 3.70 | 3.82 |
|  *  Figures are taken from the 2011, 2010 and 2009 French registration documents. The Figures for Capital Group Companies have been combined to take into account the percentages of our share capital and voting rights held by all companies of that group.na: not applicable |

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|   | VEOLIA ENVIRONNEMENT |
|--------|----------------------|

|   | By:   /s/ Antoine Frérot                         |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Name: Antoine Frérot |
|--------|---------------------------|

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