Q&A
A new matching contribution of up to €500 for an investment of €300 (without any guarantee attached to your personal contribution)
This year, for LINK 2026, ENGIE Group is offering you a matching contribution of up to €500 for an investment of €300, split in to two tranches:
- 300% for an investment of up to €100
- 100% for an investment of between €100 and €300
The CSG (General Social Contribution) and CRDS (Contribution to Reimbursement of the Social Debt) payable on the matching contribution will be deducted from your pay slip by your employer at a rate of 9.7% (applicable rate on 1st January 2026)
6 new countries: Australia, Canada, India, Malaysia, Peru and South Africa.
The procedure for using your profit-sharing bonus and/or share bonus to invest in Link 2026 has changed
- If you have benefited from a profit-sharing bonus and/or share bonus this year, you were given the option of pre-allocating it in part or in full to an investment in LINK 2026. This year, if you want to use the entire pre-allocated amount, you do not need to do anything as the total amount pre-allocated to "LINK FRANCE RELAIS 2026" will be automatically invested in LINK 2026.
- You have the option to downgrade or cancel your investment decision during the subscription period ending 17th June.
- The pre-allocated sums that are not used for LINK 2026 will be reallocated to the "EGEPARGNE MONETAIRE" employee mutual fund (FCPE) within the ENGIE Group Savings Plan (PEG).
All employees* (or persons who belong to a category of persons eligible to join the PEG pursuant to Article L.3332-2 of the French Labour Code) who have an employment contract on 17th June 2026 with a company that is part of the ENGIE PEG and have been on that contract for at least three months, whether consecutive or not, since 1st January 2025.
All employees working in the shared services common to GRDF SA and ENEDIS SA, and whose gas distribution key for their department is not zero.
All retired employees of companies that are part of the ENGIE PEG and still have holdings in the PEG on 17th June 2026. Retired employees do not benefit from the matching contribution.
* Residents of the United States of America cannot subscribe to the “LINK FRANCE RELAIS 2026” FCPE or the “LINK FRANCE” FCPE. For more information, see the regulations of the “LINK FRANCE RELAIS 2026” FCPE and the “LINK FRANCE” FCPE and consult the fund manager's website: www.amundi.com.
Due to the sanctions imposed by the European Union, the offer is not open to citizens or residents of Russia or Belarus, except under the following conditions:
- If the national or resident is Russian and is also a national of a Member State of the European Union, the European Economic Area or Switzerland or holds a temporary or permanent residence permit in one of these States;
- If the national or resident is Belarusian and is also a national of a Member State of the European Union or holds a temporary or permanent residence permit in one of these Member States.
In short:
Eligible employees Ineligible employees Fixed-term contract ≥ 3 months’ service All employees < 3 months’ service Permanent contract ≥ 3 months’ service Interns Professional development contract ≥ 3 months’ service Temporary staff Work-study contract ≥ 3 months’ service Employees working in the shared services common to GRDF and ENEDIS or to EDF and ENGIE whose gas distribution key for their department is not zero. Suspended contract ≥ 3 months’ service Retired employees and former employees who have assets in the PEG ENGIE but whose original companies are no longer included in the current scope (e.g.: Environment scope since 2012, Equans) Retired employees of an eligible company that still have holdings in the PEG
Yes, an employee on a fixed-term contract can take part providing he/she is on the payroll of one of the companies participating in LINK 2026 on 17th June 2026 and has 3 months’ service on that date.
These three months’ service can be acquired during the period from 1st January 2025 through to the last day of the subscription period (scheduled for 17th June 2026) via several employment contracts and potentially at several companies within the Group.
No, an individual taking part in the VIE programme is under contract with Business France and not with an ENGIE Group company.
Yes, an expatriate can subscribe to the offer in his host country, where he is resident for tax purposes.
If his host country does not take part in LINK 2026 he can take part in the operation for the option offered within the framework of the PEG in France providing he is still under contract with the employer that is part of the PEG, even if this employment contract has been suspended and he has received no remuneration from this employer (in which case, he will have to confirm which tax and social security system is applicable to him). In this case, the limit on payments into the PEG plan is set by law: it is equal to 25% of the annual social security limit for 2026. For information, the annual social security limit for 2026 is €48,060 (i.e. 25% of the annual social security limit for 2026 = €12,015).
Some countries (including the US) have specific rules. Important note for “US Persons”: Residents of the United States of America cannot subscribe to the “LINK FRANCE RELAIS 2026” FCPE or the “LINK FRANCE” FCPE. For more information, please refer to the regulations of the “LINK FRANCE RELAIS 2026” FCPE and the “LINK FRANCE” FCPE and consult the fund manager's website: www.egepargne.com
Specific measures for Russia and Belarus
Due to the sanctions imposed by the European Union, this offer is not open to citizens or residents of Russia or Belarus, except under the following conditions:
- If the national or resident is Russian and is also a national of a Member State of the European Union, the European Economic Area or Switzerland or holds a temporary or permanent residence permit in one of these States;
- If the national or resident is Belarusian and is also a national of a Member State of the European Union or holds a temporary or permanent residence permit in one of these Member States.
Yes, if they have an employment contract with a Group entity in France, they subscribe to the offer available in France.
No, it is not sufficient to have worked for over 3 months for the Group: this work must be performed with employee status and the individual must have retained his employee status with a company that is a member of the ENGIE PEFI on 17th June 2026.
If you were recruited following an internship lasting over two months, the duration of the internship is taken into account in the calculation of the period of service.
No, since you have to be on the payroll of a company that is part of ENGIE PEGI on 17th June 2026, unless the employee takes early retirement or retirement during this period and already has assets in the PEG on 17th June 2026. In this case, the employee that has retired or taken early retirement will not benefit from the contribution.
Yes, employees that are working their notice can take part in LINK 2026 providing they are still on the payroll of a company that is part of ENGIE PEG on 17th June 2026 and they meet the 3 months service condition.
Yes, because the option is open to each employee on an individual basis.
Your personal contribution must be at least €10.
All your voluntary payments into all the employee savings plans*, except for the collective company retirement savings plans (PERCOL) during 2026 must not exceed 25% of your gross annual remuneration for 2026 (including allowances, bonuses, etc.).
A specific additional limit applies to subscribing by reallocating available assets from the Fund "ÉGEPARGNE MONETAIRE": the amount of your reallocation must not exceed the equivalent of 25% of your gross annual remuneration for 2026.
The two ceilings referred to above are separate.
Please note that if you choose to pay for your subscription by credit card, the amount is limited to €500.
A simulator is available to help you check that your investment in LINK 2026 does not exceed the authorised threshold.
* Company Savings Plan (PEE), Inter-company Savings Plan (PEI), Group Savings Plan (PEG)
Your gross annual remuneration is made up of your annual salary, your allowances and bonuses paid in 2026, excluding profit-shares, shareholdings and matching contributions.
The username is your work email address. If you have any issues with it, get in touch with your LINK Manager.
The LINK Manager (with the power to delegate) will have access to the subscription site and will be able to send you an email with a link to activate your account
The username is your work email address.
For your password, you can generate a new password directly on the subscription website.
In the event of an unsettled payment incident, ENGIE may buy back all of the FCPE units subscribed under LINK 2026. The details of the planned process are set out in the legal terms and conditions for subscribing to LINK 2026.
Only the initially chosen option of payment in 6 instalments is available. Before making a commitment, make sure that you will be able to make the monthly instalments.
- Bank card payment: 13th July 2026
- Direct debit: 13th July 2026
- Six monthly instalments debited from your bank account: first instalment on 13th July 2026
Please ensure that:
- your bank account has sufficient funds on the day of the direct debit.
- where applicable, your card limit will allow for payment on 13/07/2026.
All the information is available on the website of your account holder, Natixis Interépargne: www.egepargne.com
You can also get in touch with a call centre adviser, who will tell you what to do and what supporting documents to provide depending on the case.
They are defined by French law (Article R. 3324-22 of the French Labour Code) and there are 13 such cases (as at 1st January 2026*):
- Marriage or conclusion of a civil partnership agreement (PACS);
- Birth or adoption of a third child and any subsequent children;
- Divorce, separation or dissolution of a civil partnership agreement (PACS), where an agreement or judgement provides for the habitual residence in the employee’s household of at least one child (sole or shared custody);
- Disability of the employee, his/her children, spouse or civil partner;
- Termination of employment contract or term of office as an elected officer in the company;
- Creation or takeover of a company, under certain conditions, by the employee, his or her spouse or civil partner or children;
- Acquisition or extension of the main residence, repairs to the main residence in the event of a natural disaster;
- Over-indebtedness;
- Death of the employee, spouse or civil partner;
- Domestic violence committed against the employee, which has been reported or gave rise to legal proceedings;
- Energy renovation work at your primary residence;
- The employee, his/her spouse or partner (civil partnership agreement) is acting as a family caregiver;
- Purchase of a vehicle for yourself.
* Any other early release option subsequently permitted by law will apply automatically.
Yes, it is important for certain release scenarios.
No time frames are required for requests involving the termination of the employment contract, incapacity, death, indebtedness or domestic violence. However, in the event of the employee’s death, if the application is not submitted within 6 months of the death, the scheme can still be unlocked, but the beneficiaries lose the benefit of the preferential tax arrangements.
For the other cases, the request must be submitted within 6 months of the event. You can find documentation on early releases at the website www.egepargne.com.
The event triggering the early release must take place from the day after the end date of the subscription period to allow for redemption of LINK 2026.
Yes. It is possible to request the release of all or part of the assets.
However, a reason for early redemption can only be used once - if during a case of early redemption, you only redeem part of your holdings, the rest remain locked-in until maturity, unless you are involved in another early redemption case.
Yes, but a special procedure will be implemented. Any qualifying event occurring on or after the day after the end of the subscription period (i.e., as of 17th June 2026) may allow for the early redemption of shares linked to the subscription, but requests for early redemption will be put on hold and processed only after completion of the transaction, as of 1st August.
If, between 18th June and 30th July 2026, you request the release of your existing assets in full (excluding those in LINK 2026) in order to secure early release from LINK 2026, you must re-submit your release request, citing the same grounds, as of 30th July.
When you take part in LINK 2026, you become a shareholder via the company mutual fund (FCPE) from which you receive shares. It is the Supervisory Board of the “LINK FRANCE” fund that exercises the voting rights attached to the ENGIE shares owned by the fund.
After two years of holding the shares under the LINK 2026 offer, the FCPE will have double voting rights on these shares.
The “LINK FRANCE” FCPE Supervisory Board comprises 10 employee members who are investors, representing employee and ex-employee investors, elected from among all investors, and 10 members representing the Company, appointed by ENGIE management.
In all instances, the number of Company representatives will be at most equal to the number of shareholder representatives.
The board meets at least once a year and is mandated to:
- Take important decisions regarding the operation of the fund (deciding on amendments to the FCPE Regulations, authorising merger and de-merger operations, etc.),
- Examine the management report, the fund’s annual accounts and monitor and audit the financial (investment policy, return review), administrative and account management of the fund,
- Exercise the voting rights attached to the equity securities held in the fund portfolio,
- Represent the interests of the shareholders.