The action you just performed triggered the security solution. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. room and apartment distribution activities and managed properties). After five years, the results of the first phase of the plan are very encouraging. 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. 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. 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. Environment & CSR. 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. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). The expansion of The Pledge comes at a time when travellers' awareness of and demand for tourism sustainability practices continues to grow, with Millennials and GenZ taking the lead with heightened environmental consciousness. Read Letter from the CEO. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. 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. Besides, Accor will continue working on restoring its pre-Covid credit profile and could contemplate an additional return beyond its ordinary dividend subject to the respect of this objective. Planet 21 [2016-2020] is structured into four areas of action enlisting its employees, customers, partners and local communities, and two priorities, namely food & beverage and buildings. - Lacey Pfalz, Associate Writer, TravelPulse. Amcor 2019 GRI Report. hide. Cloudflare Ray ID: 7a2f1819ababf6ad 12/28/2022. The Group achieved solid results regarding the actions taken over the 2011-2015 period. 164.46.106.217 We share our vision of digital transformation with purpose, our strategy and our . Changes in the scope of consolidation (acquisitions and disposals) contributed a positive As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). 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). In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. 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. As part of a policy of progress and transparency, the Group asked its customers for their views on these issues, updated its environmental footprint and assessed its socio-economic footprint for the first time to assess the challenges it faces and construct its new 5-year program. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. 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. At Accor, we ask our customers to reuse their towels. After adding a record 45,108 rooms (327 hotels) on an organic basis during the period, including 12,954 rooms (65 hotels) in the Luxury segment, Accor had a portfolio of 739,537 rooms (5,036 hotels) and a pipeline of 208,000 rooms (1,206 hotels) at December 31, 2019, of which 76% in emerging markets. At the end of 2015, all its hotels were committed to protecting children from abuse (in-house awareness program, WATCH) and more than 4.5 million trees had been planted worldwide since 2009. Develops talent from within and a strong disciplinarian who leads by example. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. 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. reduction in plastic packaging. In 2013, for example, Kering founded the Material Innovation Lab, which provides the Group's Houses with more than 3,000 sustainable fabric and textile samples. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Many have lost their lives. It has affected so many people around the world. 2021 Consolidated Non-Financial Information. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. 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. . Moreover, this operation demonstrated the Groups ambition to accelerate its transition towards a sustainable growth, to notably pursue its commitment in terms of greenhouse gas emission reduction and to affirm its environmental and social values by involving the entire value chain. Sbastien Bazin, Chairman and Chief Executive Officer of Accor, said:Despite a disrupted start of the year due to overall health restrictions, 2021 showed significant improvement in our business, as of the spring, with trends picking-up month after month right up to December. This increase reflected the sharp recovery in business during the second half of the year. This result contributes to creating a great place to work. Cloudflare Ray ID: 7a2f1821ef190cc1 Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. and its hotels to measure and improve its sustainability performance long-term with specific goals. Environmental Sustainability Highlights 2019/2020 - Hyatt About During the second half of 2021, the Group returned to a positive cash generation situation. Energy-saving guest room controls and building systems. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). It was a tough year for Shell, but also a year when we set a clear path for our future. It's our way of opening our doors and creating opportunities for all. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. Carbon Neutral Certificate by Farnek. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2011-2020 Huawei Consumer Business . Amcor 2020 Sustainability Report. 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). Marriott International, Inc. (Nasdaq: MAR) ("Marriott") today released its 2021 Serve 360 Report presenting data from 2020 and demonstrating its Environmental, Social, and Governance (ESG) efforts toward the company's 2025 Sustainability and Social Impact Goals. Read full report. At Shell, we are doing everything we can to help in the global response to the virus. Press releases. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. AccorHotels, the world's leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Guest Service Agent - Club Sofitel Lounge. Key Achievements-. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. A sustainable commitment to improve your hotel's performance. You can email the site owner to let them know you were blocked. The . 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. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. 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. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Wilmar International Limited - Asia's Leading Agribusiness Group 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. Working together for a better future. In the Americas, the improvement in RevPAR was also noteworthy (+18 percentage points between the third and fourth quarters) which translated into a FY 2021 RevPAR down (46)% compared with FY 2019. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Korian Share. Accor is deeply committed to sustainable value creation and plays an active role in giving back to planet and community via its Planet 21 Acting Here program and the Accor Solidarity endowment fund, which gives disadvantaged groups access to employment through professional training. 16.3 mb. Our Future is About Sustainable Growth. Each solution measures operational impact, costs and environmental performance . 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. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Plant wall, fight against food waste, etc. Click on the brand of your choice if you want to filter the benefits. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Click to reveal Recycling program in place. Senior Vice President Group External Communications. It was a tough year for everyone. A team leader who gets the best out of his staff. 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. Melco recognized by global environmental disclosure system CDP as one of China's . Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Initiatives to cut fixed costs were partially offset by weaker government subsidies than a year earlier, but nevertheless also continued to have a positive impact. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 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.. Waste Reduction. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Since early 2021, this segment includes New Businesses (concierge services, luxury home rentals, private sales of hotel stays and digital services for hotel owners) which continue to be affected in different ways, ranging from the severely affected businesses directly related to the Travel sector, such as onefinestays private home rentals, to the digital businesses, such as the services provided by D-Edge. 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. 2017 Report. Planet 21 Season 1 [2011-2015]: a solid track record. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. 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. Ben van Beurden, CEO. Accor's unmatched position in lifestyle hospitality one of the fastest growing categories in the industry is led by Ennismore, a joint venture, which Accor holds a majority shareholding. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Their report is currently being prepared. The action you just performed triggered the security solution. Universal Registration Document. Water conservation measures in place. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 11/23/2021 3 min. 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. Melbourne, Victoria, Australia. This performance was linked to the recovery in business which reflected better absorption of fixed costs. The Board's Responsible Business Committee reviews IHG's responsible business objectives and strategy, including the impact on environmental, social, community and human rights issues; IHG's strategic approach to sustainable development and responsible procurement; and how IHG engages with stakeholders. See stock description. SUSTAINABILITY AND CSR REPORT 2019. 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. The issues we are tackling are systemic, requiring supply chain and business transformation. On November 12th, the UN Climate Change Summit (COP26) in Glasgow ended with a clear consensus that the world needs to do much more to limit global warming to 1.5C by 2050 and avert a climate crisis. . Your IP: Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. 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. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. The fruit and vegetables from this garden are served in the restaurant. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Revenue Manager. "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. 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. Read more >. 2019 Sustainability Review. AccorHotels is a Group united by a shared passion for hospitality and driven by a shared promise to make everyone Feel Welcome.Over 190,000 women and men in 3,900 AccorHotels establishments look after thousands of guests every day in 92 countries.AccorHotels is the worlds leading hotel operator and offers its customers, partners and employees:- its dual expertise as a hotel operator and franchisor (HotelServices) and a hotel owner and investor (HotelInvest);- a large portfolio of internationally renowned brands covering the full spectrum, with luxury (Sofitel, Pullman, MGallery by Sofitel, Grand Mercure, The Sebel), midscale (Novotel, Suite Novotel, Mercure, Mama Shelter, Adagio) and economy (ibis, ibis Styles, ibis budget, adagio access and hotelF1) establishments;- a powerful marketplace and loyalty program: Le Club AccorHotels;- almost half a century of commitment to corporate citizenship and solidarity with the PLANET 21 program.Accor SA shares are listed on the Euronext Paris exchange (ISIN code: FR0000120404) and traded in the USA on the OTC marketplace (Code: ACRFY). As of end of December 2021, combined . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Your IP: For further information, visit www.sustainablehospitalityalliance.org. 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. Included in the . Responsible Business Report 2022. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Each year Loomis publishes an integrated annual and sustainability report. Click to reveal +7 percentage points between the third and fourth quarters). The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Our Future is About Sustainable Growth. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). . 2018 Consolidated Non-Financial Information. Key considerations and . Performance & security by Cloudflare. 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. At the end of 2021, 25% of leadership positions are filled by women. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its Follow us on . Your IP: Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Click to reveal 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. Investor feedback suggests a yield in a mid-to-high 2% . They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. 2021 Sustainability Report. The action you just performed triggered the security solution. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. We also endeavour to incorporate stakeholder focus areas. This transaction completed the Liability Management operation initiated with the successful placement on November 18, 2021, of an inaugural Sustainability-Linked Bond issue indexed on the Groups sustainable development targets for an amount of 700 million (7-year maturity, 2.375% coupon). Letter from the 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. PDF 10.87MB; ESG Databook. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. As a leader in the hospitality sector . CAC 40 - INDEXEURO. 2020. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Our 21st Sustainability Report covers the period 01 January 2021 . 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. View File. Click to reveal The Group strives to act for "positive hospitality" and has set ambitious objectives, structured around four strategic pillars: working with our teams, involving our clients . Performance & security by Cloudflare. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. September 21st, 2021. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. PDF document. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. Accor. 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. 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. Click to reveal 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. United Arab Emirates. Novotel Hyderabad Airport.