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. the share of recycled materials used in our garments from 5.8% to 17.9%. 67.211.219.14 PDF 2.23MB Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Senior Vice President Group External Communications. Your IP: Accor is a committed, inclusive company that strives to limit its carbon footprint and impact on the planet, and to respond to travelers' concerns about social and environmental responsibility. You can email the site owner to let them know you were blocked. Recycling program in place. 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.. 16.3 mb. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . You can email the site owner to let them know you were blocked. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. It follows the GRI methodology and use selected Standards with a GRI . Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. 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 . 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. Novotel Hyderabad Airport. Here you can filter our content according to your activity and your interests. ), 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. Moreover, our pipeline continues to flourish, with Luxury & Upscale segment representing close to 40% of future openings, a 12-point increase in the past 4 years. Performance & security by Cloudflare. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. Cloudflare Ray ID: 7a2f1821ef190cc1 Planet 21 is AccorHotels' sustainability program which spans six key pillars including People, Guests, Partners, Communities, Buildings and Sustainable Food, with commitments aligned with the United Nation's Sustainable Development Goals. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. 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). Environmental Policy. See stock description. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Environment & CSR. Tel: 00 971 4 381 8888. All. 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. With the remit of stepping up development of the two brands by rolling out exceptional offerings and cultural excellence with its teams, Accor appointed Stephen Alden to its Executive Committee and is CEO of the Raffles and Orient Express brands. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. This result contributes to creating a great place to work. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. RevPAR was down (49)% in FY 2021 compared with FY 2019. 2021 ESG REPORT. 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, 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. 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. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. 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. Amcor 2020 Sustainability Report. 00:00. Each year Loomis publishes an integrated annual and sustainability report. Luxury & Lifestyle. Accor is a hotel management company founded in 1967 and based in Paris, France. . 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. All regions are now generating positive EBITDA. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . Today, we want to scale up our ambitions by banking on innovation and accountability. 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. For 2022, the Group expects a net unit growth of 3.5%. . Key considerations and . 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. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. In 2021, payment of fees was in line with business levels during the year as well as the collection of certain fees for which payment deadline extensions were granted to certain hotel owners. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. Environmental Sustainability Highlights 2019/2020 - Hyatt About 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 action you just performed triggered the security solution. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. 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. At the end of 2021, 25% of leadership positions are filled by women. Amcor 2019 GRI Report. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2021 Consolidated Non-Financial Information. The action you just performed triggered the security solution. It has affected so many people around the world. . 217.61.142.251 2011-2020 Huawei Consumer Business . 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). New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. 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. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. This segment, which is closely linked to business in Australia, notably benefited from a recovery in leisure tourism demand during the first half of the year and at the end of FY 2021 on the North-East coast of the country where most of the Groups Strata activities are located (i.e. 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. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. PDF document. 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. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. The change in working capital requirement returned to close to breakeven. . 2021 Sustainability Report. 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. Read full report. 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. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 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. 164.46.106.217 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. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. 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. Premium, Midscale, Economy. Responsible Business Report 2022. We measure and report on our Scope 1, Scope 2 . This website is using a security service to protect itself from online attacks. This website is using a security service to protect itself from online attacks. 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. The covenant was not tested on the two test dates of June 30 and December 31, 2021. . The . Operational waste. The new system aims higher and is more accommodating as regards local specifics and operational realities. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Wilmar International Limited - Asia's Leading Agribusiness Group The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. 62.141.45.132 Eco-designed materials used in the bedrooms. It was a tough year for everyone. Each solution measures operational impact, costs and environmental performance . The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. The program for 2020 was drawn up in consultation with the teams. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. It's our way of opening our doors and creating opportunities for all. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Accor. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Cloudflare Ray ID: 7a2f181b2b5e1623 Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. As a leader in the hospitality sector . Included in the Integrated Report (Section 6 - p. 120) Download. A team leader who gets the best out of his staff. . Planet 21 allowed the Group to unite its teams and engage its guests and partners in a structured approach which is recognized by several ethical stock market indices. 00:00. 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. The Group achieved solid results regarding the actions taken over the 2011-2015 period. The report solidifies the company's commitment to creating a sustainable future and making a difference in the lives of employees, guests and the communities in which it operates. 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. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Coupa provides a unified, cloud-based spend management platform that connects hundreds of . 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. The action you just performed triggered the security solution. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Working together for a better future. SUSTAINABILITY AND CSR REPORT 2019. room and apartment distribution activities and managed properties). . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Click to reveal 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. accor sustainability report 2020meadowglen lane apartments. Two key issues to tackle will be food and buildings. The action you just performed triggered the security solution. 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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Sustainability and innovation. 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)%. +7 percentage points between the third and fourth quarters). The action you just performed triggered the security solution. 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. This website is using a security service to protect itself from online attacks. 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). This website is using a security service to protect itself from online attacks. Our solid performances were achieved owing to the strength of our brands, our financial discipline and the sterling efforts of our teams who, throughout the year, demonstrated determination, tenacity and generosity. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Performance & security by Cloudflare. 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. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. 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. "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. This website is using a security service to protect itself from online attacks. 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. 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. This performance was linked to the recovery in business which reflected better absorption of fixed costs. Follow us on . In 2019, this bond had been partially redeemed for the amount of 350 million. Double our percentage of women in leadership to 34%. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. Click to reveal 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. 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). Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Accor Planet 21 Background . Water conservation measures in place. 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. 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. Our teams are devoted to fighting against this evil and encourage their customers to do the same. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. 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. Our 21st Sustainability Report covers the period 01 January 2021 . In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 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. 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). 2018 Consolidated Non-Financial Information. The Group has one of the industrys most diverse and fully-integrated hospitality ecosystems encompassing luxury and premium brands, midscale and economy offerings, unique Lifestyle concepts, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. Revenue Manager. HotelServices EBITDA was positive at 93 million for 2021. Planet 21 Season 1 [2011-2015]: a solid track record. . Cloudflare Ray ID: 7a2f18038eaaef6f Live stock. Ben van Beurden, CEO. Two key issues to tackle will be food and buildings. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms.