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VEOLIA ENVIRONNEMENT S.A., branded as VEOLIA, is a French transnational company with activities in four main service and utility areas traditionally managed by public authorities – water management , waste management , transport and energy services. In 2012, Veolia employed 318,376 employees in 48 countries. Its revenue in that year was recorded at €29.4 billion. It is quoted on Euronext Paris . It is headquartered in the 16th arrondissement of Paris.

Between 2000 and 2003 the company was known as Vivendi Environnement, having been spun off from the Vivendi conglomerate , most of the rest of which became Vivendi. Prior to 1998 Vivendi was known as Compagnie Générale des Eaux .

In 2014, following a major restructuring, the company adopted the unaccompanied Veolia
Veolia
name across its businesses.

CONTENTS

* 1 History

* 1.1 1853–1997: Compagnie Générale des Eaux
Compagnie Générale des Eaux
* 1.2 1998–2003: Vivendi * 1.3 2003 – present: Veolia
Veolia

* 2 Operations

* 2.1 Overview * 2.2 Water * 2.3 Waste management * 2.4 Energy * 2.5 Transport
Transport

* 3 Financial information

* 3.1 Stock market data

* 4 Corporate social responsibility

* 4.1 The Veolia
Veolia
Foundation * 4.2 Institut Veolia
Veolia

* 5 Research and development

* 5.1 Programmes

* 6 Operating events

* 6.1 West Carrollton plant explosion * 6.2 Fatal accident in Gatlinburg

* 7 Controversies

* 7.1 Relations with Israel
Israel
* 7.2 Unpaid internships * 7.3 Flint water crisis

* 8 See also * 9 References * 10 External links

HISTORY

A City of Westminster Veolia
Veolia
refuse lorry in central London

1853–1997: COMPAGNIE GéNéRALE DES EAUX

On 14 December 1853, a water company named Compagnie Générale des Eaux (CGE) was created by an Imperial decree of Napoleon III . In 1853, CGE obtained a concession in order to supply water to the public in Lyon
Lyon
, serving in this capacity for over a hundred years. In 1860, it obtained a 50-year concession with the City of Paris.

For a hundred years, Compagnie Générale des Eaux
Compagnie Générale des Eaux
remained largely focused on the water sector. However, following the appointment of Guy Dejouany as CEO in 1976, CGE extended its activities into other sectors with a series of takeovers. Beginning in 1980, CGE began diversifying its operations from water into waste management, energy, transport services, and construction and property . It acquired the "Compagnie Générale d'Entreprises Automobiles" (CGEA), specialized in industrial vehicles, which was later divided into two branches: Connex and Onyx Environnement. CGE then acquired the "Compagnie Générale de Chauffe", and later the Montenay group. The Energy Services division these companies became part of was later (1998) renamed " Dalkia ".

CGE's expansion into communication commenced with the establishment of Canal+
Canal+
in 1983, the first Pay-TV channel in France. This expansion was accelerated after Jean-Marie Messier succeeded Guy Dejouany on 27 June 1996. In 1996, CGE created Cegetel to take advantage of the 1998 deregulation of the French telecommunications market, accelerating the move into the media sector which would culminate in the 2000 demerger into Vivendi Universal and Vivendi Environnement.

1998–2003: VIVENDI

Veolia
Veolia
World Headquarters in Paris, 36–38 Avenue Kléber , Paris 16th arr . Main article: Vivendi SA

In 1998, Compagnie Générale des Eaux
Compagnie Générale des Eaux
changed its name to Vivendi, and sold off its property and construction divisions the following year.

Vivendi went on to list on the New York Stock Exchange (as "V"), and in December, announced a major merger with Canal+
Canal+
and Seagram , the owner of Universal Studios
Universal Studios
film company, to become Vivendi Universal and now named Vivendi.

In July 2000, Vivendi spun off the remaining water and waste companies into Vivendi Environnement (IPO in Paris in July 2000 and in New York in October 2001), later (2003) renamed Veolia
Veolia
Environnement.

2003 – PRESENT: VEOLIA

In 2003, Vivendi Environnement became Veolia
Veolia
Environnement. In 2005, the name “Veolia” was established as an umbrella brand for all of the Group’s divisions (water, environmental services, energy services and transport) and a new logo was created.

In November 2009, Antoine Frérot has become the Chairman and the CEO of the Group after succeeding Henri Proglio who has been appointed CEO of Électricité de France
Électricité de France
. The change has been part of a huge politico-financial scandal in France as Proglio kept executive positions – and subsequent salary – in both companies until public criticism forced him to give up his Veolia
Veolia
revenues.

Its Veolia Water
Veolia Water
division remains the largest private operator of water services in the world.

In March 2011 the company announced the formation of Veolia
Veolia
Transdev , the result of the combination of its transport subsidiary Veolia Transport
Transport
with Transdev , a subsidiary of Caisse des Dépôts
Caisse des Dépôts
. Veolia Transdev is the world's private-sector leader in sustainable mobility with more than 110,000 employees in 28 countries.

In July 2011, amid disappointing financial results, the company announced the launch of new restructuring plans and redeployment of assets and businesses. In December 2011, Veolia
Veolia
announced a €5bn divestment program over 2012–2013. The company would comprise only three divisions (Water, Environmental Services and Energy Services). The transport businesses Veolia
Veolia
Transdev would be divested.

OPERATIONS

OVERVIEW

Veolia
Veolia
is established in 48 countries, with employees across the globe in 2012:

* France: 28% * Europe (not including France, Central and Eastern European countries): 23% * Central and Eastern Europe countries : 13% * China and Asia-Pacific: 12% * South America: 10% * Africa and Middle-East: 6% * North America: 5%

The company has 2,573 subsidiaries around the world.

WATER

Main article: Veolia Water
Veolia Water

Veolia Water
Veolia Water
is the world leader in water services. It handles water and wastewater services for clients in the public sector and in various industries. It also creates and constructs the required technology and infrastructure. In 2012, Veolia Water
Veolia Water
employed 89,094 people and recorded revenue of €12.078 billion 37.2% of its revenue comes from France, 30.2 from other European countries, 8.8% from Americas, 16.2% from Asia and 7.6% from Africa and the Middle East.

WASTE MANAGEMENT

Main article: Veolia Environmental Services

Veolia
Veolia
operates waste management services around the world, including the treatment of hazardous and non-hazardous liquid and solid waste. It also deals with the collection and recycling of waste.

ENERGY

Veolia
Veolia
bought Dalkia in 2001, and ran the business as a joint venture with Électricité de France
Électricité de France
(EDF) until 2014, when it purchased Dalkia's international operations in full, and EDF bought its French operations. The company's services include maintaining and managing heating and cooling systems, making plants more energy efficient, and selecting the most adapted energies. In 2012, Dalkia employed 49,824 employees and recorded revenue of €7.664 billion (France 42%, Continental Europe 24%, Southern Europe 14.5%, Northern Europe 8%, North America 3%, China 1.5%, other countries 7%).

In North America, Veolia
Veolia
Energy traded under the Trigen Energy name until February 2011. It is the largest operator and developer of efficient district energy (heating, cooling, and cogeneration ) systems in North America, located in ten major U.S. cities. It also provides facility operations, energy management, and advisory services.

TRANSPORT

Main article: Transdev

Transdev (formerly Veolia
Veolia
Transdev) was formed in 2011 from a merger of Veolia
Veolia
Transport
Transport
with the old Transdev , a subsidiary of Caisse des Dépôts . Currently, Veolia
Veolia
owns 40% of the company's shares. Before the merger, Veolia
Veolia
Transport
Transport
recorded revenues of €7.863 billion in 2011 (For 2010 : Europe 83%, included France 37.1%, North America 13.2%, Asia-Pacific 3.7%). It employed 101,798 people. It worked with public authorities under public-private partnerships to manage public transit systems (buses, trains, metros, ferries, etc.). On 6 December 2011 Veolia
Veolia
Environment, seeking to reduce debt and focus on its core businesses of water, waste and energy, announced that it will eventually sell its share in Veolia
Veolia
Transdev, within a two-year time frame, by when its own activities will have been reorganized. After this announcement, the Caisse des Dépôts
Caisse des Dépôts
et Consignations, for its part, officially reiterated its commitment to Veolia
Veolia
Transdev and its continued support as a shareholder to the group's development.

In early 2012 it was reported that Cube Infrastructure, a fund controlled by the French bank Natixis
Natixis
( Groupe BPCE ), was likely to acquire about half of Veolia's stake in Transdev. The Caisse des Dépôts would take over the other half. This was not implemented, but instead, Caisse des Dépôts
Caisse des Dépôts
acquired 10% of the shares from Veolia
Veolia
in October 2012.

As of January 2016, Transdev employed 83,000 people and recorded a revenue of €6.6 billion.

FINANCIAL INFORMATION

On 31 December 2012, shares in Veolia
Veolia
Environnement were held as follows: 9.3% by Caisse des Dépôts
Caisse des Dépôts
et Consignations (primary shareholder), followed by Groupe Industriel Marcel Dassault (6.3%), Groupama (5.42%), Velo Investissement (4.73%), Électricité de France (4.22%), Veolia
Veolia
Environment (2.73%). Public and other institutional investors the remaining 67.3%.

Veolia
Veolia
issued two profit warnings in 2011 and announced plans to quit half of the 77 countries where it does business. It launched a €5 billion ($6.4 billion) fire sale of assets. The company and its top executives were facing the prospect of a U.S. class-action lawsuit in January 2012 over allegations that they made “misleading” statements between 2007 and 2011 about its financial well-being. The company, which was described as "struggling" by the Financial Times, said that a complaint had been filed against it in New York for violation of U.S. federal securities laws. Veolia's shares were the worst performer on France’s CAC 40
CAC 40
index in 2011, falling 60%.

The following is a summary of data (in millions of euros):

FINANCIAL DATA IN MILLIONS OF EUROS YEAR 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Consolidated revenue 30,078 28,603 24,673 25,245 28,620 31,574 35,765 27,847 28,704 29,647 29,439

Operating income 1,971 1,751 1,617 1,893 2,222 2,461 1,960 1,788 1,982 1,017 1,095

Net income 339 −2,054 125 622 759 928 405 559 558 −489 394

Stakeholder equity N/A 6,300 5,600 N/A N/A 10,191 9,532 10,131 10,804 9,835 9,125

Free cash-flow −1,525 168 694 555 901 906 −1,809 −1,344 409 438 3,673

Net financial debt 13,066 11,804 13,059 13,871 14,674 15,125 16,528 15,128 15,218 14,730 11,283

Staff 271,153 298,498 319,502 336,013 312,590

315,261 331,266 318,376

STOCK MARKET DATA

Data for Veolia
Veolia
Environnement, as listed on the New York Stock Exchange.

* Market capitalisation on 31 December 2010: $15.27 billion

On the Paris Bourse , Veolia
Veolia
Environnement is part of the CAC 40 index of shares.

* Number of shares outstanding on 31 December 2012: 522,086,849 * Market capitalisation on 14 September 2012: €4.98 billion

CORPORATE SOCIAL RESPONSIBILITY

The company’s sustainable development activities are diverse. Because it operates in four sectors with a huge potential impact on the environment, both the risks and opportunities presented by sustainable development activities are substantial. The company’s sustainability efforts are furthered by its Foundation and Institute which emphasize innovation and research.

THE VEOLIA FOUNDATION

The Veolia
Veolia
Foundation supports non-profit activities related to sustainable development, professional continuous development and the protection of the environment in France and overseas. The Foundation supports projects through financial aid and voluntary services provided by its employees. It also supports emergency relief operations in collaboration with humanitarian organisations.

Following the 2010 Haiti earthquake
2010 Haiti earthquake
, the Veolia
Veolia
Foundation dispatched 30 tons of emergency supplies (mainly water treatment units) via French Red Cross air transportation. The Foundation also sent Veolia
Veolia
technical experts to provide water to the disaster’s victims.

INSTITUT VEOLIA

The Institut Veolia
Veolia
was created in 2001 to provide insights into major global challenges such as climate change, urbanisation and various economic, social and cultural issues related to the environment. The institute is built around a committee that brings together seven experts and an international network of researchers and experts. Its activities include organising conferences and publishing articles and reports.

RESEARCH AND DEVELOPMENT

As of 31 December 2009, the Group’s research and development investments reached €89.8 million (€92.1 million in 2008, €84.6 million in 2007).

The Research and Innovation division includes 850 experts and supports around 200 scientific partnerships with private and public organisations. The division focuses on four main issues:

* Manage and preserve natural resources * Control impacts on natural environments * Care for health and living environments * Develop alternative sources of energy

PROGRAMMES

Veolia’s R">

FLINT WATER CRISIS

Main article: Flint water crisis

On June 22, 2016, Michigan Attorney General Bill Schuette began its first civil action in the Flint water crisis by filing suit against Veolia
Veolia
North America and Lockwood, Andrews border:solid #aaa 1px">

* Paris portal * Companies portal

* Distributed generation * Veolia
Veolia
Transport
Transport
* Water privatization
Water privatization

REFERENCES

* ^ A B C D "Annual Results 2016" (PDF). Veolia
Veolia
Environnement. Retrieved 16 May 2017. * ^ A B "VEOEF Annual Balance Sheet". Wall Street Journal. Retrieved 16 May 2017. * ^ 2011 Annual Results". Veolia
Veolia
Environnement. Retrieved May 3, 2013 Archived 4 March 2012 at the Wayback Machine . * ^ "Legal Notice Archived 17 July 2011 at the Wayback Machine .." Veolia
Veolia
Environnement. Retrieved on 9 February 2011. "It is published by Veolia
Veolia
Environnement, a corporation with capital of €2,495,631,835 ; Paris Corporate & Trade Register No. 403 210 032, headquartered at 36/38 avenue Kléber, 75016 Paris, France" * ^ A B " Veolia
Veolia
Environnement website – Our history". Veolia.com. Retrieved 6 July 2013. * ^ « Le double salaire d\' Henri Proglio embarrasse l\'UMP », Le Monde, 20 janvier 2010, sur le site lemonde.fr, consulté le 23 janvier 2010. * ^ « Henri Proglio renonce à son double salaire», Le Figaro , 22 janvier 2010. * ^ A B " Veolia
Veolia
Transdev" (Press release). Veolia. 3 March 2011. Retrieved 27 December 2011. * ^ "Restructing" (Press release). Veolia. 29 July 2011. Retrieved 27 December 2011. * ^ "Investor Day 2011" (PDF). 6 December 2011. Retrieved 27 December 2011. * ^ Veolia
Veolia
Reference Document 2009, p. 338 * ^ Veolia Water
Veolia Water
Business Overview 2009, p. 7-14 * ^ "Waste management". Veolia. Retrieved 23 August 2015. * ^ Veolia
Veolia
Reference Document 2009, p. 46 * ^ BusinessWire, Trigen’s Name Change to Veolia
Veolia
Energy ..., News: 17 February 2011, downloaded 20 March 2011. * ^ Veolia
Veolia
Energy (North America), News, downloaded 20 March 2011. * ^ A B "Evolution project for the shareholding of Veolia Transdev". Caisse des Dépôts. Retrieved 11 September 2014. * ^ Veolia
Veolia
Reference Document 2009, p. 50 * ^ "La Caisse des Dépôts
Caisse des Dépôts
confirme son engagement auprès de Veolia
Veolia
Transdev" (PDF) (Press release). Caisse des Dépôts. 6 December 2011. Retrieved 28 December 2011. * ^ "Le fonds Cube est favori pour acheter la participation de Veolia
Veolia
dans Transdev". La Tribune (in French). 29 February 2012. Retrieved 29 February 2012. * ^ "Key figures". Transdev. 2016. Retrieved 2016-01-06. * ^ "Capital Structure". Veolia
Veolia
Environnement. 30 September 2010. Retrieved 2 April 2011. * ^ James Boxell (6 January 2012). " Veolia
Veolia
faces prospect of US class-action suit". Financial Times. Retrieved 7 January 2012. * ^ "Annual Report 2007" (PDF). Veolia
Veolia
Environnement. Retrieved 22 March 2010. * ^ "Annual Report 2008" (PDF). Veolia
Veolia
Environnement. Retrieved 19 April 2009. * ^ "Annual Results 2009" (PDF). Veolia
Veolia
Environnement. Retrieved 21 March 2010. * ^ "Bloomberg. Veolia
Veolia
Environnement SA". Bloomberg.com. 2 July 2013. Retrieved 6 July 2013. * ^ Veolia
Veolia
Environnement website: Sustainable Development Archived 8 December 2010 at the Wayback Machine . * ^ " Veolia
Veolia
Environnement ‘Fondation’ website". Fondation.veolia.com. Retrieved 6 July 2013. * ^ "Business in the Community website, ‘How Business in the Community’s Members have responded’". Bitc.org.uk. Retrieved 6 July 2013. * ^ Institut Veolia
Veolia
Environnement Activity Report 2009, ‘Analysis, Anticipation & Dialogue’, p. 4-7 * ^ Research and Innovation 2010, p. 7-11 * ^ Research and Innovation 2010, p. 16-18 * ^ West Carrolton Plant Explosion Archived 24 January 2010 at the Wayback Machine ., download date 4 May 2009 * ^ "Bodies of workers found at Gatlinburg treatment plant". CNN. 5 April 2011. Retrieved 12 March 2012. * ^ Simon Rocker (10 February 2011). "Tower Hamlets council backs Israel
Israel
boycott". The Jewish Chronicle. Retrieved 7 January 20