accor sustainability report 2020

Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. After five years, the results of the first phase of the plan are very encouraging. The fruit and vegetables from this garden are served in the restaurant. 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. Included in the Integrated Report (Section 6 - p. 120) Download. 2021 Integrated report. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. "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 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. 2018 Consolidated Non-Financial Information. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. It is one of four key enablers to deliver our Strategic Plan. 11/23/2021 3 min. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Sustainability and innovation. Double our percentage of women in leadership to 34%. We measure and report on our Scope 1, Scope 2 . PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Ethics and Corporate Social Responsibility Charter. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. CAC 40 - INDEXEURO. Click to reveal Working together for a better future. Carbon Neutral Certificate by Farnek. 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. At year-end 2020, the Group had a hotel portfolio of 753,344 rooms (5,139 hotels) and a pipeline of 212,000 rooms (1,209 hotels), of which 73% in emerging markets. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. The program for 2020 was drawn up in consultation with the teams. 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. Here you can filter our content according to your activity and your interests. The . The change in working capital requirement returned to close to breakeven. PDF 2.23MB . The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 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. Dec 2016 - Jan 20181 year 2 months. 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. Environmental Sustainability Highlights 2019/2020 - Hyatt About Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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. SUSTAINABILITY AND CSR REPORT 2018. 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. In 2019, this bond had been partially redeemed for the amount of 350 million. Download Snacking Made Right ESG Report. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its 75.119.192.80 Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Wilmar International Limited - Asia's Leading Agribusiness Group Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 2021 Sustainability Report. EBITDA sensitivity per point of RevPAR amounted to (16.4) million for each one-point decline in RevPAR compared with 2019 versus (18.7) million in FY 2020. The Report can be accessed here. 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. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. accor sustainability report 2020meadowglen lane apartments. Mar 2021 - Apr 20221 year 2 months. Full-Year 2022 Results. 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. Follow us on . Innovation is integral to Kering's sustainability policy. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. 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). Strong growth in consolidated revenue. Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States. 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. 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. Tel: 00 971 4 381 8888. Sustainability; Home; . In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. 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. . Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. As of end of December 2021, combined . These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. This performance was linked to the recovery in business which reflected better absorption of fixed costs. 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). Our Future is About Sustainable Growth. PDF document. 2020. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . *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. Accor's sustainability approach includes initiatives at your hotel to . South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. The action you just performed triggered the security solution. Organic waste diversion program in place. 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. The Asia-Pacific region enjoyed a sequential improvement in RevPAR (+9 percentage points between the third and fourth quarters) after a third quarter hit by tighter Covid restrictions. 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. 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). Included in the Integrated Report (Section 5 - p. 88) download. the share of recycled materials used in our garments from 5.8% to 17.9%. 2021 Consolidated Non-Financial Information. 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. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. Planet 21 Season 1 [2011-2015]: a solid track record. Cloudflare Ray ID: 7a2f1819ababf6ad 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. While business in Saudi Arabia remained held back by tight restrictions weighing on pilgrimages, the United Arab Emirates benefit from demand linked to Expo 2021 which started from October 1, 2021. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . It is core to our strategy and sits at the heart of everything we do. 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. The Group has been acquiring hospitality expertise for more than 50 years, resulting in an unrivaled portfolio of brands, from luxury to economy, supported by one of the most attractive loyalty programs in the world. 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. Click on the brand of your choice if you want to filter the benefits. The Executive Summary has been crafted to provide its reader a quick overview of ITC's Sustainability journey in FY2022, serving as a concise yet comprehensive companion to the detailed Sustainability and . Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 217.61.142.251 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. Key Achievements-. 193.32.208.109 Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. Your IP: Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. 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. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . 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. Performance & security by Cloudflare. Sustainability is integral to how we contribute to social value creation. 164.46.106.217 Corporate Sustainability; . The Group controls this new entity through the ownership of a 66.67% stake. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! Their report is currently being prepared. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. 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 system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. This increase reflected the sharp recovery in business during the second half of the year. 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. This website is using a security service to protect itself from online attacks. Investor feedback suggests a yield in a mid-to-high 2% . PDF version of our 2020 Sustainability Review - a summary of our approach and performance. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. 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. 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. Responsible Business Report 2022. 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. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. At Accor, we ask our customers to reuse their towels. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . 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. During the second half of 2021, the Group returned to a positive cash generation situation. Sustainability. Operational waste. Eco-designed materials used in the bedrooms. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. You can email the site owner to let them know you were blocked. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. You can email the site owner to let them know you were blocked. 2017 Report. 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. 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. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Senior Vice President Group External Communications. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Cloudflare Ray ID: 7a2f1821ef190cc1 It has affected so many people around the world. Melco recognized by global environmental disclosure system CDP as one of China's . The issues we are tackling are systemic, requiring supply chain and business transformation. 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. . Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Accor is a hotel management company founded in 1967 and based in Paris, France. 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. As a leader in the hospitality sector . 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). ), 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. 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 performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. 12/16/2021 1 min. This decline reflects an environment disrupted by the resurgence of the Covid-19 pandemic, despite a marked improvement in global business levels from April 2021. 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. . At the end of 2021, 25% of leadership positions are filled by women. . 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. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . This website is using a security service to protect itself from online attacks. incentive fees based on the hotel operating margin. 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). Cloudflare Ray ID: 7a2f181b2b5e1623 Your IP: Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. . Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. United Arab Emirates. 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. Included in the . For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. 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. ESG challenges - i.e., Environmental, Social and Governance (ESG . The covenant was not tested on the two test dates of June 30 and December 31, 2021. Click to reveal A trouble-shooter who is constantly looking to solve problems and see problems as challenges. 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. 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. 2011-2020 Huawei Consumer Business . Cloudflare Ray ID: 7a2f18038eaaef6f . After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 531 kb. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. 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. The action you just performed triggered the security solution. Performance & security by Cloudflare. Cloudflare Ray ID: 7a2f181ebecd86c6 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.. 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 remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. 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. 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. Novotel Hyderabad Airport. Quality Policy. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Solid and sustainable rebound. Letter from the CEO. Click to reveal Melbourne, Victoria, Australia. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations.

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