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. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. 2019: Strong results and a successful transformation | Accor - Newsroom accor sustainability report 2020 40% of our Resort's hot water is heated by solar power. Reports and Policies - Huawei The Management & Franchise division of HotelServices reported EBITDA of 275 million, significantly higher than in 2020 (25 million) and down (64)% like-for-like compared with FY 2019. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. The Planet 21 programme demonstrates the Group's ambitious goals for 2020, based around four strategic priorities: work with its employees, involve its customers, innovate with its partners and work with local communities. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Our teams are devoted to fighting against this evil and encourage their customers to do the same. 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. Click on the brand of your choice if you want to filter the benefits. Integrated Report 2020 - Atos Third-quarter 2021 revenue of 589 million up 79% like-for-like | Accor Recurring expenditure, which includes key money paid by HotelServices for its development and digital and IT investments, was kept in check, ending the year below the initially indicated range of 150-200 million. It describes the Company's sustainability platform, material focus areas, goals and results. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. . - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. Sustainability Report | Central Plaza Hotel (CENTEL) 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. - Novotel offers eco-designed beds made from wood sourced from sustainably-managed forests (FSC certified), as well as bedspreads and pillowcases made from recycled bottles. 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. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 2021 ESG REPORT. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. The action you just performed triggered the security solution. Accor is concentrating its efforts on ensuring the return to profitability initiated in 2021, capitalizing on the activity rebound and the positive recurring impact from its RESET cost savings plan. 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. 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. Solid and sustainable rebound. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. 67.211.219.14 Plant wall, fight against food waste, etc. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. . 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. PDF Wilmar International Limited - Asia's Leading Agribusiness Group Click to reveal Cloudflare Ray ID: 7a2f1819ababf6ad The Group controls this new entity through the ownership of a 66.67% stake. . On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its 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. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. At the end of 2021, 25% of leadership positions are filled by women. This plan was the Groups way of encouraging the hospitality business to do The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. made possible thanks to the work of our devoted teams Accor over the world. 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. Marriott International Reports on Environmental, Social, and Governance Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. 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. reduction in plastic packaging. Read Letter from the CEO. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States. Double our percentage of women in leadership to 34%. 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. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. 164.46.106.217 Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. After five years, the results of the first phase of the plan are very encouraging. 00:00. Key considerations and . Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. and its hotels to measure and improve its sustainability performance long-term with specific goals. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. The Asia-Pacific region enjoyed a sequential improvement in RevPAR (+9 percentage points between the third and fourth quarters) after a third quarter hit by tighter Covid restrictions. Cloudflare Ray ID: 7a2f1821ef190cc1 Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Amcor 2019 GRI Report. 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. 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. PDF Environmental Sustainability Highlights 2019/2020 - Hyatt About 2022 Full-year results. Sustainability Report 2022 | Amcor Annual Reports and Responsible Business Reports Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. It is core to our strategy and sits at the heart of everything we do. This decline reflects an environment disrupted by the resurgence of the Covid-19 pandemic, despite a marked improvement in global business levels from April 2021. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. 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)%. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Accor is a hotel management company founded in 1967 and based in Paris, France. In general, the sharper decline in M&F revenue compared to RevPAR (down (46)% over FY 2021 versus FY 2019) can be attributed to the strong decrease in incentive fees based on the hotel operating margin generated from management contracts. PDF document. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Your IP: Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. At the end of December 2021, the Group had a hotel portfolio of 777,714 rooms (5,298 hotels) and a pipeline of 214,000 rooms (1,218 hotels). 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. At the end of 2021, the Group notably successfully renegotiated the covenant linked to the 1,200 million credit facility which now includes a liquidity covenant out to December 2023 before returning to the initial net debt ratio covenant. Luxury & Lifestyle. Click to reveal PDF 10.87MB; ESG Databook. Expedia Group Here you can filter our content according to your activity and your interests. room and apartment distribution activities and managed properties). To provide the hotels with effective support as they deploy this new plan, Charter 21, the in-house sustainable development management system for hoteliers, has evolved and been renamed Planet 21 in Action. HotelServices EBITDA was positive at 93 million for 2021. Building on the strength of our teams and of our holistic ecosystem of leading brands, personalized services & expert solutions, we break new ground to reimagine hospitality and inspire new ways to experience the world. 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. Corporate reporting and sustainability policy statement THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. CDL Integrated Sustainability Report 2021 spotlights an adaptable and View File. Accor Joins the Sustainable Hospitality Alliance | TravelPulse . Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. PDF 2.23MB You can email the site owner to let them know you were blocked. The change in working capital requirement returned to close to breakeven. Click to reveal Founded in 1967, Accor SA is headquartered in France and publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. Senior Vice President Group External Communications. Full-Year 2020 Results Accor demonstrates resilience and adaptability 75.119.192.80 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. The action you just performed triggered the security solution. 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 . This website is using a security service to protect itself from online attacks. Click to reveal Sustainable Food and Beverage. United Arab Emirates. Consensus ESG Ratings info for Accor | Company Ratings A sustainable commitment to improve your hotel's performance. This focus on sustainability is directly aligned with our promise of Together, improving life, and our long-established values, culture and commitment to Associates, customers and communities. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Strong growth in consolidated revenue. As of end of December 2021, combined . The Company's brands include: Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, ibis, all seasons, Etap hotel, hotelF1, Motel6, as well as Thalassa sea & spa, and Lentre. This report also includes a summary of how ITC's Sustainability 2.0 ambitions and priorities are contributing to the achievement of United Nation's Sustainable Development Goals (UN SDGs). Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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. The action you just performed triggered the security solution. The expiry of loyalty points at the end of the year eased the impact of the decline in revenue for this area of business compared to the Management & Franchise (M&F) activity. Investor feedback suggests a yield in a mid-to-high 2% . Coupa Software Incorporated - AnnualReports.com There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. . Letter from the CEO. accor sustainability report 2020meadowglen lane apartments. On October 1, 2021, following the all-share merger, Accor became the majority shareholder in the new entity created with Ennismore, positioned in the Lifestyle hotel segment. The cost of net financial debt was up between FY 2020 and FY 2021, reflecting the downward revision to the Groups S&P credit rating in August 2020. Environmental Policy. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Sustainability special report | Kering Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. MGM Resorts International's 2020 Social Impact and Sustainability CAC 40. +7 percentage points between the third and fourth quarters). 47 million, largely due to the full consolidation of sbe since Q4 2020. Accor : 2021 Integrated report | MarketScreener It is one of four key enablers to deliver our Strategic Plan. Recycling program in place. Group revenue for the third quarter of 2021 came in at 589 million, up 79% as reported, and 79% like-for-like versus Q3 2020 (i.e., -40% compared with Q3 2019). "This year's report documents important milestones marking 10 years on our sustainability journey, in which we've achieved scale in our signature ingredient sourcing programs Cocoa Life and Harmony Wheat. Your IP: The Group achieved solid results regarding the actions taken over the 2011-2015 period. RevPAR was down (49)% in FY 2021 compared with FY 2019. The fruit and vegetables from this garden are served in the restaurant. This website is using a security service to protect itself from online attacks. Your IP: Jean-Jacques Morin, Deputy CEO & CFO, and Brune Poirson, Chief Sustainability Officer, discuss the Group's commitment to ESG, focusing on one of its key areas: net zero carbon. As of end of December 2021, combined with the two undrawn credit facilities of 1.8 billion, Accor had a liquidity position of 3.4 billion. ), 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. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. Eco-designed materials used in the bedrooms. ESG challenges - i.e., Environmental, Social and Governance (ESG . As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. 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. InterContinental Hotels Group Corporate Responsibility | IHG Each year Loomis publishes an integrated annual and sustainability report. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Sustainability and innovation. At year-end 2020, the Group had a hotel portfolio of 753,344 rooms (5,139 hotels) and a pipeline of 212,000 rooms (1,209 hotels), of which 73% in emerging markets. As the desire to escape and to resume travelling has never been stronger, we are well underway to make the most of this rebound in all our markets. In 2019, this bond had been partially redeemed for the amount of 350 million. 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. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Guest Service Agent - Club Sofitel Lounge. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Our Future is About Sustainable Growth. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. This change masks disparities between the hard-hit businesses directly related to the Travel segment, such as onefinestay private home rentals, and the digital businesses, such as D-Edge services. The covenant was not tested on the two test dates of June 30 and December 31, 2021. Full-Year 2022 Results. The action you just performed triggered the security solution. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 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.

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