accor sustainability report 2020

The action you just performed triggered the security solution. Read full report. The Group achieved solid results regarding the actions taken over the 2011-2015 period. Included in the Integrated Report (Section 5 - p. 88) download. 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. 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. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 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). The Group controls this new entity through the ownership of a 66.67% stake. 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 boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 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. 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. View File. Your IP: . HotelServices EBITDA was positive at 93 million for 2021. 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. We are working to reduce the environmental impacts of our operations through our EnviroAction program. Mar 2021 - Apr 20221 year 2 months. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Our teams are devoted to fighting against this evil and encourage their customers to do the same. Included in the Integrated Report (Section 6 - p. 120) Download. 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. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its 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. 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. . 2021 Consolidated Non-Financial Information. You can email the site owner to let them know you were blocked. 67.211.219.14 Your IP: Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. At the end of 2021, between 25% and 27% of our revenues comes from lighting innovations that increase food availability, safety & security, or health & wellbeing. reduction in plastic packaging. 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. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. 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). These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Develops talent from within and a strong disciplinarian who leads by example. - 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2021 Integrated report. View File. Responsible Business Report 2022. 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 . Sustainability is integral to how we contribute to social value creation. . At the end of 2021, 25% of leadership positions are filled by women. 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. 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. You can email the site owner to let them know you were blocked. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Accor AC - Euronext Paris. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. 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. The assessment included seeking internal and external stakeholder feedback. Waste Reduction. 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. Planet 21 Season 1 [2011-2015]: a solid track record. Your IP: Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. Performance & security by Cloudflare. 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. Korian Share. 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. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Click to reveal THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. 217.61.142.251 ), 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. 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 . It follows the GRI methodology and use selected Standards with a GRI . It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Environment & CSR. Wilmar International Limited - Asia's Leading Agribusiness Group Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. This number reflects an improvement compared with more than 70 million targeted initially, thanks to the implementation of the staff redundancy plan and tight control of consultant costs. The 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. 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. The action you just performed triggered the security solution. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. 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. Performance & security by Cloudflare. 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. CAC 40 - INDEXEURO. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). PDF document. 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. 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). Read full 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, Sustainability and innovation. This plan was the Groups way of encouraging the hospitality business to do 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. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. the share of recycled materials used in our garments from 5.8% to 17.9%. Innovation is integral to Kering's sustainability policy. Download Snacking Made Right ESG Report. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. For 2022, the Group expects a net unit growth of 3.5%. Plant wall, fight against food waste, etc. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Accor. Key considerations and . hide. 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. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 2021 Sustainability Report. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. . 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. It has affected so many people around the world. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. 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. 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. Their members make up 25% of the global hotel industry by rooms and include 14 world-leading hotel companies including Marriott International, Hilton, IHG, Hyatt and Radisson Hotels Group as well as regional brands. This website is using a security service to protect itself from online attacks. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. 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. 12/16/2021 1 min. This website is using a security service to protect itself from online attacks. The Report can be accessed here. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Their report is currently being prepared. Solid and sustainable rebound. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. 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. 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. This increase reflected the sharp recovery in business during the second half of the year. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. 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. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. The action you just performed triggered the security solution. 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. Luxury & Lifestyle. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Each year Loomis publishes an integrated annual and sustainability report. Sustainability. Morroco Ourika. 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. 12/28/2022. Click to reveal Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Tel: 00 971 4 381 8888. Your IP: Water conservation measures in place. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Key performance indicators. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 164.46.106.217 You can email the site owner to let them know you were blocked. Read more >. At Accor, we ask our customers to reuse their towels. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 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. Performance & security by Cloudflare. Cloudflare Ray ID: 7a2f1863d83a23d4 Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Cloudflare Ray ID: 7a2f1819ababf6ad The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. 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. 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. Today, we want to scale up our ambitions by banking on innovation and accountability. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. September 21st, 2021. 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). 2017 Report. 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. 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. Performance & security by Cloudflare. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. Premium, Midscale, Economy. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Accor is deeply committed to sustainable value creation and plays an active role in giving back to planet and community via its Planet 21 Acting Here program and the Accor Solidarity endowment fund, which gives disadvantaged groups access to employment through professional training. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Your IP: After five years, the results of the first phase of the plan are very encouraging. Universal Registration Document. 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. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. Here you can filter our content according to your activity and your interests. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. 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. Dec 2016 - Jan 20181 year 2 months. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. 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 For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. 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 PDF 2.23MB On February 18, 2021, Accor sold a part of its share in Huazhu Group Ltd, representing 1.5% of share capital of the company for 239 million. The . Sustainable Food and Beverage. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. 00:00. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Following the announcement of its intention to sponsor the Special Purpose Acquisition Company (SPAC) on May 20, 2021, Accor successfully took part in a private placement and the Euronext Paris initial offering of Accor Acquisition Company (AAC). We measure and report on our Scope 1, Scope 2 . 47 million, largely due to the full consolidation of sbe since Q4 2020. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Live stock. In 2019, this bond had been partially redeemed for the amount of 350 million. 193.32.208.109 This website is using a security service to protect itself from online attacks. 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. 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. 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). All. 2019 Sustainability Review. 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. 40% of our Resort's hot water is heated by solar power. room and apartment distribution activities and managed properties). Included in the . 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. Organic waste diversion program in place. Each solution measures operational impact, costs and environmental performance . PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts Our 21st Sustainability Report covers the period 01 January 2021 . 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 . Energy-saving guest room controls and building systems. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Two key issues to tackle will be food and buildings. Cloudflare Ray ID: 7a2f1821ef190cc1 Eco-designed materials used in the bedrooms. 2022 Full-year results. 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 Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. This website is using a security service to protect itself from online attacks.

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