Renault Group aims to ensure that its employees benefit directly from the company’s success. Two years ago, it introduced its first employee share ownership plan. Following the positive response to the Renaulution Shareplan in 2022 and 2023, the Renault Group has decided to continue the initiative in 2024.
The primary aim is to enable around 98,000 employees to become shareholders on favourable terms. Additionally, this plan aligns with the company’s ambition to increase employee-held equity to 10 per cent by 2030 and to strengthen their commitment to the company’s performance and objectives.
Under the plan, all eligible employees will receive an allocation of seven free shares as a unilateral contribution without any obligation to invest.
This third round of the Renaulution Shareplan, like the previous ones, is available to employees of thr Renault Group and its subsidiaries in 30 countries. These countries include Argentina, Austria, Belgium, Brazil, China, Colombia, Croatia, Czech Republic, France, Germany, Hungary, India, Ireland, Italy, Malta, Mexico, Morocco, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, South Korea, Spain, Sweden, Switzerland, Turkey, Ukraine, and the United Kingdom, subject to any local authorisations required.
Additionally, in 24 of these countries, employees are offered the chance to purchase shares at a 30 per cent discount on the reference price, along with a matching gross contribution equivalent to seven free shares for the first three shares bought.
The 2024 Renaulution Shareplan is considered a significant step by Renault Group. The company views its employee share ownership programme as one of the most advanced in any industrial sector. Renault Group’s ongoing dedication to this initiative is in line with its identity as an innovative organisation, committed to fostering a modern and socially-responsible environment.
As part of the programme, the Group aims to allocate 10 per cent of its equity to the employees who contribute to its daily performance. Furthermore, the programme also stipulates that, in compliance with regulations, the investment made by each employee cannot exceed 25 per cent of their estimated annual gross salary for 2024.
