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. 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. Your IP: RevPAR was down (49)% in FY 2021 compared with FY 2019. Water conservation measures in place. Eco-designed materials used in the bedrooms. Your IP: 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. Press releases. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. the share of recycled materials used in our garments from 5.8% to 17.9%. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. incentive fees based on the hotel operating margin. It follows the GRI methodology and use selected Standards with a GRI . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We also endeavour to incorporate stakeholder focus areas. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Double our percentage of women in leadership to 34%. PDF document. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. The new system aims higher and is more accommodating as regards local specifics and operational realities. 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. room and apartment distribution activities and managed properties). . Ethics and Corporate Social Responsibility Charter. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. 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 five years, the results of the first phase of the plan are very encouraging. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Senior Vice President Group External Communications. Here you can filter our content according to your activity and your interests. The proceeds of this issue were partly used to refinance existing debt of 448 million with maturities in 2023 and 2024, through a Liability Management operation coupled to this bond issue. Read Letter from the CEO. For further information, visit www.sustainablehospitalityalliance.org. Key considerations and . . Included in the Integrated Report (Section 5 - p. 88) download. Mar 2021 - Apr 20221 year 2 months. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Cloudflare Ray ID: 7a2f18038eaaef6f PDF document. 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. This website is using a security service to protect itself from online attacks. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. 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. 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. Sustainable Food and Beverage. 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. Read full report. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . 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). Each year Loomis publishes an integrated annual and sustainability report. 40% of our Resort's hot water is heated by solar power. 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. 16.3 mb. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Responsible Business Report. This website is using a security service to protect itself from online attacks. Our Future is About Sustainable Growth. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Organic waste diversion program in place. Accor. Performance & security by Cloudflare. 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. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. The Group controls this new entity through the ownership of a 66.67% stake. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. 11/23/2021 3 min. September 21st, 2021. At the end of 2021, 25% of leadership positions are filled by women. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. 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. 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 world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 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. - 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. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. 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. SUSTAINABILITY AND CSR REPORT 2019. This plan was the Groups way of encouraging the hospitality business to do 2018 Consolidated Non-Financial Information. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Included in the . View File. The assessment included seeking internal and external stakeholder feedback. 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. 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. 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 . 01/03/2023 02:25 (Paris) 7.74 2.31%. Accor Planet 21 Background . Sustainability Disclosure 2021. 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. Melco recognized by global environmental disclosure system CDP as one of China's . Korian Share. 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. Click to reveal At Shell, we are doing everything we can to help in the global response to the virus. Full-Year 2022 Results. 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 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. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. 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. United Arab Emirates. . This increase reflected the sharp recovery in business during the second half of the year. 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)%. Performance & security by Cloudflare. This performance was linked to the recovery in business which reflected better absorption of fixed costs. 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. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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. It has affected so many people around the world. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. Two key issues to tackle will be food and buildings. Performance & security by Cloudflare. 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. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. 47 million, largely due to the full consolidation of sbe since Q4 2020. 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. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. 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. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. Sustainability and innovation. Tel: 00 971 4 381 8888. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Download Snacking Made Right ESG Report. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. Novotel Hyderabad Airport. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). 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. 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. 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. Sustainability. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. Strong growth in consolidated revenue. 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, Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. SUSTAINABILITY AND CSR REPORT 2018. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Click to reveal 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. 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. 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. Planet 21 Season 1 [2011-2015]: a solid track record. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. 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 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. 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. 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. Waste Reduction. 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. PDF 10.87MB; ESG Databook. Two key issues to tackle will be food and buildings. 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. You can email the site owner to let them know you were blocked. This website is using a security service to protect itself from online attacks. CAC 40. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. 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. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . 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. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 12/28/2022. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. 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. 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. This website is using a security service to protect itself from online attacks. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. of suppliers regard H&M Group as a fair business partner. 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.. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Responsible Business Report 2022. Increase in the Loyalty Mix. You can email the site owner to let them know you were blocked. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . 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. 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. Today, we want to scale up our ambitions by banking on innovation and accountability. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. 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). accor sustainability report 2020meadowglen lane apartments. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. At Accor, we ask our customers to reuse their towels. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. The covenant was not tested on the two test dates of June 30 and December 31, 2021. It describes the Company's sustainability platform, material focus areas, goals and results. Click to reveal 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. ), 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. We measure and report on our Scope 1, Scope 2 . You can email the site owner to let them know you were blocked. 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. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 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. The Group achieved solid results regarding the actions taken over the 2011-2015 period. ESG challenges - i.e., Environmental, Social and Governance (ESG . 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. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its 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). Coupa provides a unified, cloud-based spend management platform that connects hundreds of . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.