67.211.219.14 Hyderabad Area, India. Revenue in the Hotel Assets & Other segment was up 29% like-for-like versus FY 2020 and down (35)% like-for-like versus FY 2019. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Accor AC - Euronext Paris. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. 00:00. 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 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. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Innovation is integral to Kering's sustainability policy. Tel: 00 971 4 381 8888. Follow us on . This website is using a security service to protect itself from online attacks. 2021 ESG REPORT. 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. Universal Registration Document. Cloudflare Ray ID: 7a2f18038eaaef6f 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. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. 2020. For 2022, the Group expects a net unit growth of 3.5%. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. 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. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive +7 percentage points between the third and fourth quarters). 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. Performance & security by Cloudflare. 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). Key performance indicators. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. It follows the GRI methodology and use selected Standards with a GRI . 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. 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). 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. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. ESG challenges - i.e., Environmental, Social and Governance (ESG . 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. - 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. Included in the Integrated Report (Section 5 - p. 88) download. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Click to reveal . Increase in the Loyalty Mix. 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. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. At the end of 2021, 25% of leadership positions are filled by women. 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. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. . With the remit of defining, managing and coordinating the commitments, strategy and roll-out of Group action plans in terms of sustainable development, Brune Poirson joined Accor and its Executive Committee as Sustainable Development Director. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). The group has one of the industry's most diverse and fully-integrated hospitality ecosystems encompassing more than 40 luxury, premium, midscale and economy hotel brands, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. 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. Their report is currently being prepared. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Click to reveal Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 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. Here you can filter our content according to your activity and your interests. Melbourne, Victoria, Australia. 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. 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. 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. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Performance & security by Cloudflare. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Today, we want to scale up our ambitions by banking on innovation and accountability. 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. 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. 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. The action you just performed triggered the security solution. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . We are working to reduce the environmental impacts of our operations through our EnviroAction program. 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. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. 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. 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 fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Waste Reduction. Accor's sustainability approach includes initiatives at your hotel to . 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). Cloudflare Ray ID: 7a2f1821ef190cc1 There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The report covers the period 1 January to 31 December. Performance & security by Cloudflare. Accor Planet 21 Background . 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. 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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 217.61.142.251 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. 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. It is more flexible and is based on a participative approach allowing each hotel to set its own objectives and map out its own action plan. 193.32.208.109 2019 Sustainability Review. . 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. Each year Loomis publishes an integrated annual and sustainability report. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 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. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Mar 2021 - Apr 20221 year 2 months. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Read full report. Senior Vice President Group External Communications. Cloudflare Ray ID: 7a2f181ebecd86c6 On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its 62.141.45.132 As a leader in the hospitality sector . Luxury & Lifestyle. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. HotelServices EBITDA was positive at 93 million for 2021. The fruit and vegetables from this garden are served in the restaurant. 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. Environment & CSR. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. . 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. Your IP: Strong growth in consolidated revenue. Develops talent from within and a strong disciplinarian who leads by example. . The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. Amcor 2019 GRI Report. After five years, the results of the first phase of the plan are very encouraging. 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. . . Full-Year 2022 Results. Amcor 2020 Sustainability Report. View File. and Goals pdf 137671 BHP Climate Transition Action Plan 2021 pdf 2677572 BHP Climate Change Report 2020 pdf 3112031 BHP Scope 1, 2 and 3 GHG Emissions . In 2019, this bond had been partially redeemed for the amount of 350 million. Your IP: Your IP: Ben van Beurden, CEO. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. 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. Novotel Hyderabad Airport. 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). Read full report. 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. You can email the site owner to let them know you were blocked. Cloudflare Ray ID: 7a2f1863d83a23d4 Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. 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). This website is using a security service to protect itself from online attacks. See stock description. Plant wall, fight against food waste, etc. Water conservation measures in place. Sustainable Food and Beverage. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. Performance & security by Cloudflare. Click to reveal Operational waste. 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)%. Premium, Midscale, Economy. Carbon Neutral Certificate by Farnek. The Group achieved solid results regarding the actions taken over the 2011-2015 period. Included in the . Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. 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. 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. . 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. 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. 2022 Full-year results. Key Achievements-. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 2017 Report. This website is using a security service to protect itself from online attacks. 16.3 mb. PDF 10.87MB; ESG Databook. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 2020 Consolidated Non-Financial Information. Revenue in the Management & Franchise (M&F) stood at 518 million, up 74% like-for-like versus FY 2020 (down (51)% like-for-like versus FY 2019), with regional performances correlated to health crisis developments in the countries considered. 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. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. At Accor, we ask our customers to reuse their towels. Each solution measures operational impact, costs and environmental performance . It's our way of opening our doors and creating opportunities for all. Our Future is About Sustainable Growth. United Arab Emirates. The program for 2020 was drawn up in consultation with the teams. The action you just performed triggered the security solution. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Cloudflare Ray ID: 7a2f1819ababf6ad 2011-2020 Huawei Consumer Business . All regions are now generating positive EBITDA. CAC 40 - INDEXEURO. A team leader who gets the best out of his staff. - 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. 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. This performance was linked to the recovery in business which reflected better absorption of fixed costs. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. The action you just performed triggered the security solution. Double our percentage of women in leadership to 34%. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Our 21st Sustainability Report covers the period 01 January 2021 . The Group controls this new entity through the ownership of a 66.67% stake. Morroco Ourika. Click to reveal Revenue Manager. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. 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. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). 2021 Consolidated Non-Financial Information. 47 million, largely due to the full consolidation of sbe since Q4 2020. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. made possible thanks to the work of our devoted teams Accor over the world. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Sustainability Disclosure 2021. SUSTAINABILITY AND CSR REPORT 2018. 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. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Click to reveal We share our vision of digital transformation with purpose, our strategy and our . 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. *This commitment should be reached in the year 2020 in areas where the supply chains are developed (in-shell eggs in Europe, for example) and by 2025 on the markets where the supply chains are still in development. Guest Service Agent - Club Sofitel Lounge. 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. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Click on the brand of your choice if you want to filter the benefits. 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. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Cloudflare Ray ID: 7a2f181b2b5e1623 of suppliers regard H&M Group as a fair business partner. Responsible Business Report. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. Read Letter from the CEO. The assessment included seeking internal and external stakeholder feedback. The issues we are tackling are systemic, requiring supply chain and business transformation. 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. 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. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 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. Our Future is About Sustainable Growth. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. PDF document. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. 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. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. 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. As of end of December 2021, combined . This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 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). Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Press releases. 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. Your IP: 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. The Report can be accessed here. 75.119.192.80 We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . September 21st, 2021. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Quality Policy. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). You can email the site owner to let them know you were blocked. 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.