During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. Sbastien Bazin, the Group's Chairman & CEO, stated, "The commitment and energy demonstrated by our teams in deploying Planet 21 worldwide, are both valuable levers for our sustainable performance. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. The Executive Summary has been crafted to provide its reader a quick overview of ITC's Sustainability journey in FY2022, serving as a concise yet comprehensive companion to the detailed Sustainability and . We share our vision of digital transformation with purpose, our strategy and our . 6/24/2020. You can email the site owner to let them know you were blocked. As of end of December 2021, combined . Recycling program in place. . Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. By reducing its cradle-to-grave carbon footprint intensity of 11% compared to 2019 and increasing the recyclability of its products to a total of 65% the company is on a clear and ambitious path forward with its sustainability strategy CARE. PDF document. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Sustainability is integral to how we contribute to social value creation. Accor AC - Euronext Paris. Today, we want to scale up our ambitions by banking on innovation and accountability. Charlotte ThouvardSenior Vice President Group External CommunicationsAccor, 1995-2023 Hospitality Net All rights reserved Hospitality Net is powered by Hsyndicate, Accor's Third-quarter 2021 revenue of 589 million up 79% like-for-like, Accor CEO: Business is back, teams are back, desire is back.. 2021 Sustainability Report. 2018 Consolidated Non-Financial Information. Aligned with the United Nations Sustainable Development Goals (SDGs), they commit to drive continued action on human rights, youth employment, climate action and water stewardship. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. This SPAC successfully raised 300 million with a view to acquire one or more companies in sectors related to the core hotel business operated by Accor, The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Sustainable Food and Beverage. 12/28/2022. Accor took one bold commitment in 2019/20: eliminate ALL guest-related single-use plastic items in its hotels by end 2022 across 110 countries . Accor is a hotel management company founded in 1967 and based in Paris, France. Our teams are devoted to fighting against this evil and encourage their customers to do the same. View File. The action you just performed triggered the security solution. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Develops talent from within and a strong disciplinarian who leads by example. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Carbon Neutral Certificate by Farnek. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. Accor achieved all of this while ensuring that tomorrow's hospitality is built on sustainable foundations, and we strive to make a positive impact on people and planet, giving back more than we take. The issues we are tackling are systemic, requiring supply chain and business transformation. This redemption was notably funded through the issuance of bonds convertible and/or exchangeable into new and/or existing shares (OCEANEs) on December 7, 2020. All regions are now generating positive EBITDA. Ben van Beurden, CEO. Planet 21 Season 2 must enable us to create wealth sustainably and curb our negative impacts through the mobilization of our employees, guests, partners and local communities. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Globally, there is a trend towards technical alignment among the five leading global sustainability reporting framework developers and standards-setters - CDP, Climate Disclosure Standards Board (CDSB), Global Reporting Initiative (GRI), International Integrated Reporting Council (IIRC) and Sustainability Accounting Standards Board (SASB) - known collectively as the Group of Five. Hyderabad Area, India. Your IP: A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). Services to Owners revenue, which includes the Sales, Marketing, Distribution and Loyalty division, as well as shared services and the reimbursement of hotel staff costs, came to 1,064 million for FY 2021, down (43)% compared with FY 2019. Over 68 million members benefit from the companys comprehensive loyalty program ALL - Accor Live Limitless - a daily Lifestyle companion that provides access to a wide variety of rewards, services and experiences. Responsible Business Report 2022. Accsys offers the world a choice to build more sustainably, and we are committed to improving the positive impact we can make in the world, and in Environmental, Social and Governance (ESG) areas. room and apartment distribution activities and managed properties). Planet 21 Season 1 [2011-2015]: a solid track record. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. The covenant was not tested on the two test dates of June 30 and December 31, 2021. Cloudflare Ray ID: 7a2f1819ababf6ad Innovation is integral to Kering's sustainability policy. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. PDF document. . Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. During 2021, Accor organically opened 288 hotels, representing 41,000 rooms, resulting in a net growth in the network of 3% over the 12-month period. Organic waste diversion program in place. As of December 31, 2021, the average cost of Accor's debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. Three points should be noted: During FY 2021, Group recurring free cash flow improved significantly, from (727) million in FY 2020 to (246) million in FY 2021. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Korian Share. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . North Europe showed a more modest sequential improvement (+2 percentage points between the third and fourth quarters) and ended FY 2021 with RevPAR down (57)% compared with FY 2019. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . View File. Sustainability and innovation. Environmental Sustainability Highlights 2019/2020 - Hyatt About Novotel Hyderabad Airport. Our vision is to drive the change towards positive, more responsible and inventive hospitality, wherever we are., Planet 21|2016-2020: same direction, higher aims. It describes the Company's sustainability platform, material focus areas, goals and results. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Sbastien Bazin, the Groups Chairman & CEO, stated, The commitment and energy demonstrated by our teams in deploying Planet 21 worldwide, are both valuable levers for our sustainable performance. The fruit and vegetables from this garden are served in the restaurant. It reinforces some of the Groups fundamental commitments, such as curbing its environmental footprint, and identifies new objectives which dovetail with both the changes to the business model and its strategic priorities, such as Food & Beverage and the sustainable management of its property portfolio through HotelInvest. Each year Loomis publishes an integrated annual and sustainability report. HotelServices, which includes fees from Management & Franchise (M&F) and Services to Owners, generated 1,582 million in revenue, up 36% like-for-like versus FY 2020 (down (46)% like-for-like versus FY 2019). The proceeds of this issue were partly used to refinance existing debt of 448 million with maturities in 2023 and 2024, through a Liability Management operation coupled to this bond issue. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Accor. It is core to our strategy and sits at the heart of everything we do. Accor, a world leading hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable Hospitality Alliance, a global organisation that brings together engaged hospitality companies and uses the industry's collective power to address and tackle . Click to reveal Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Each solution measures operational impact, costs and environmental performance . - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Following the announcement of its intention to sponsor the Special Purpose Acquisition Company (SPAC) on May 20, 2021, Accor successfully took part in a private placement and the Euronext Paris initial offering of Accor Acquisition Company (AAC). incentive fees based on the hotel operating margin. . Although the effects of this unprecedented crisis linked to the Covid-19 pandemic have not yet fully disappeared, all of the Groups geographies now appear to be well on the way to enjoying more normative levels of business. Sustainability Disclosure 2021. The new system aims higher and is more accommodating as regards local specifics and operational realities. Reported revenue for the period reflects the following factors: Consolidated RevPAR was down 62.0% overall for the full-year, and down 64.5% for the second semester. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. Key Achievements-. We also endeavour to incorporate stakeholder focus areas. 164.46.106.217 Follow us on . We measure and report on our Scope 1, Scope 2 . Included in the . 12/16/2021 1 min. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Solid and sustainable rebound. Waste Reduction. The Sustainable Hospitality Alliance brings together engaged hospitality companies and uses the collective power of the industry to deliver impact locally and on a global scale. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. 16.3 mb. Full-Year 2022 Results. 2019 Sustainability Review. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . Quality Policy. notably in the Food & Beverage segment, but also for flex office activities, wellness, entertainment and events as well as technologies linked to the hotel industry. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. This website is using a security service to protect itself from online attacks. Wilmar International Limited - Asia's Leading Agribusiness Group Key performance indicators. The assessment included seeking internal and external stakeholder feedback. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. At Accor, we ask our customers to reuse their towels. Accor has set some of the most ambitious sustainability targets in the industry, and in 2021, we committed to achieving net-zero carbon emissions by 2050. You can email the site owner to let them know you were blocked. Through its Planet 21 Acting Here, Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the group is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity and inclusivity. Revenue Manager. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Read full report. The action you just performed triggered the security solution. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. 2021 Integrated report. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. During the first quarter of 2021, two capital increases were completed for the amounts of 150 million (of which 45 million for Accor) and of 327 million (of which 109 million for Accor). To provide a comparison with RevPAR (presented as the change versus FY 2019 throughout this release), the like-for-like decline in revenue versus FY 2019 is (42)%. In five years, it has delivered two-thirds of the programs 21 objectives and over 90% of its hotels have embarked on a continuous-improvement drive. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Through its global sustainability commitments (such as achieving Net Zero Carbon emissions by 2050, global elimination of single use plastics in its hotels' guest experience, etc. This number reflects an improvement compared with more than 70 million targeted initially, thanks to the implementation of the staff redundancy plan and tight control of consultant costs. The action you just performed triggered the security solution. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. The . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Sustainability; Home; . Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. The Group targets to re-install an ordinary dividend payment calculated on the basis of 50% of the recurring free cash flow, in line with its historical dividend policy. Click to reveal The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. A decrease related primarily to the disposal of Orbis for 1.06 billion in early March 2020 and the 307 million refund related to the withholding tax credit dispute. RevPAR was down (49)% in FY 2021 compared with FY 2019. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. As of December 31, 2021, the average cost of Accors debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. As a leader in the hospitality sector . On November 23, 2021, Accor announced the success of this transaction and partially redeemed two bonds, namely a bond with a 2023 maturity and a bond maturing in 2024, for a total amount of 448 million. It shares the Group's sustainability journey, provides insights into its strategies, as well as highlights the economic, environmental and social aspects of the Group's developments and operations. Anne-France MalrieuImage 7Phone: +33 1 53 70 74 66afmalrieu@image7.fr, Carina Alfonso MartinDirectrice des Relations Media mondePhone: +33 1 45 38 84 84carina.alfonsomartin@accor.com, Delphine DumonceauRelations pressePhone: +33 1 45 38 84 95delphine.dumonceau@accor.com, Marie-Camille AubagnacRelations pressePhone: +33 1 45 38 19 16marie-camille.aubagnac@accor.com, Sbastien ValentinSVP Financial Communications and Investor RelationsPhone: 33 (0)1 45 38 86 25sebastien.valentin@accor.com, Marie NielInvestor RelationsPhone: +33 (0)1 45 38 86 94marie.niel@accor.com. Accor Planet 21 Background . Cloudflare Ray ID: 7a2f181b2b5e1623 The program for 2020 was drawn up in consultation with the teams. Performance & security by Cloudflare. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . - Lacey Pfalz, Associate Writer, TravelPulse. They work with leading hospitality companies and strategic partners to address key challenges affecting our planet and its people, and develop practical resources and programmes to enable the wider industry to operate responsibly and grow sustainably. Letter from the CEO. An increase related primarily to the loss of recurring free cash flow in full-year 2020, the investment related to the acquisition of all of sbes brands, and the implementation of a share buyback program in Q1 2020. +7 percentage points between the third and fourth quarters). SUSTAINABILITY AND CSR REPORT 2018. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. . made possible thanks to the work of our devoted teams Accor over the world. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Performance & security by Cloudflare. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. The IHG Academy is a collaboration where we link up with education providers and community groups around the world by providing local people with the opportunity to develop skills and improve their employment prospects in one of the world's largest leading hotel companies. Ethics and Corporate Social Responsibility Charter. The Group has been acquiring hospitality expertise for more than 50 years, resulting in an unrivaled portfolio of brands, from luxury to economy, supported by one of the most attractive loyalty programs in the world. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. September 21st, 2021. This improvement in demand meant that average room rates came close to or, in many destinations at the end of 2021, even exceeded pre-Covid-19 levels. In the India, Middle East, Africa & Turkey (IMEAT) region, the recovery in business between the third and fourth quarters was impressive (+28 percentage points with RevPAR exceeding FY 2019 levels in the last quarter). Performance & security by Cloudflare. 2011-2020 Huawei Consumer Business . Members benefit from the company's comprehensive loyalty program ALL - Accor Live Limitless a daily lifestyle companion that provides access to a wide variety of rewards, services and experiences. Environment & CSR. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. EBITDA sensitivity per point of RevPAR amounted to (16.4) million for each one-point decline in RevPAR compared with 2019 versus (18.7) million in FY 2020. We keep a close eye on our key extra-financial performance indicators in order to demonstrate the results we achieve and the shared value that we create.

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