accor sustainability report 2020

We are working to reduce the environmental impacts of our operations through our EnviroAction program. HotelServices EBITDA was positive at 93 million for 2021. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. 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. Each year Loomis publishes an integrated annual and sustainability report. 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. In 2019, this bond had been partially redeemed for the amount of 350 million. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! The program for 2020 was drawn up in consultation with the teams. The change in working capital requirement returned to close to breakeven. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Here you can filter our content according to your activity and your interests. Sustainability Disclosure 2021. This website is using a security service to protect itself from online attacks. All. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. 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. 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. See stock description. - Lacey Pfalz, Associate Writer, TravelPulse. United Arab Emirates. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. the share of recycled materials used in our garments from 5.8% to 17.9%. The issues we are tackling are systemic, requiring supply chain and business transformation. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. Cloudflare Ray ID: 7a2f18038eaaef6f Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. - 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. Planet 21 allowed the Group to unite its teams and engage its guests and partners in a structured approach which is recognized by several ethical stock market indices. 2021 Sustainability Report. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Two key issues to tackle will be food and buildings. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Your IP: Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The action you just performed triggered the security solution. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 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). 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. 2021 Integrated report. 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 . Our teams are devoted to fighting against this evil and encourage their customers to do the same. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. 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. View File. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Performance & security by Cloudflare. Accor Planet 21 Background . September 21st, 2021. RevPAR was down (49)% in FY 2021 compared with FY 2019. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Many have lost their lives. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. "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 report covers the period 1 January to 31 December. 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. 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. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Water-efficient landscaping. 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. Cloudflare Ray ID: 7a2f1863d83a23d4 Over 68 million members benefit from the companys comprehensive loyalty program ALL - Accor Live Limitless - a daily Lifestyle companion that provides access to a wide variety of rewards, services and experiences. On November 12th, the UN Climate Change Summit (COP26) in Glasgow ended with a clear consensus that the world needs to do much more to limit global warming to 1.5C by 2050 and avert a climate crisis. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. 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. 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 expansion of The Pledge comes at a time when travellers' awareness of and demand for tourism sustainability practices continues to grow, with Millennials and GenZ taking the lead with heightened environmental consciousness. Performance & security by Cloudflare. Plant wall, fight against food waste, etc. Planet 21 Season 1 [2011-2015]: a solid track record. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Sustainability is integral to how we contribute to social value creation. Wilmar International Limited - Asia's Leading Agribusiness Group 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. You can email the site owner to let them know you were blocked. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. 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. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. 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. Click to reveal It describes the Company's sustainability platform, material focus areas, goals and results. 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. Accor AC - Euronext Paris. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. 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. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. After five years, the results of the first phase of the plan are very encouraging. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts The Group controls this new entity through the ownership of a 66.67% stake. 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 . 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. Read full report. The Report can be accessed here. 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. Cloudflare Ray ID: 7a2f181b2b5e1623 00:00. *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. . 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, Amcor 2019 GRI Report. 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). Key Achievements-. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. 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. It was a tough year for Shell, but also a year when we set a clear path for our future. 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. 12/16/2021 1 min. 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. The fruit and vegetables from this garden are served in the restaurant. Click on the brand of your choice if you want to filter the benefits. 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. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Quality Policy. SUSTAINABILITY AND CSR REPORT 2018. 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. The Group achieved solid results regarding the actions taken over the 2011-2015 period. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. . Click to reveal The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 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. SUSTAINABILITY AND CSR REPORT 2019. Carbon Neutral Certificate by Farnek. Included in the Integrated Report (Section 5 - p. 88) download. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. This website is using a security service to protect itself from online attacks. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Press Releases. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 2020 Consolidated Non-Financial Information. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Cloudflare Ray ID: 7a2f181ebecd86c6 Follow us on . 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. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. 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. 62.141.45.132 In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Operational waste. 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. Develops talent from within and a strong disciplinarian who leads by example. 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. 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. 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. 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. 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. The assessment included seeking internal and external stakeholder feedback. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. Your IP: Energy-saving guest room controls and building systems. You can email the site owner to let them know you were blocked. 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. 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. 01/03/2023 02:25 (Paris) 7.74 2.31%. 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 solution measures operational impact, costs and environmental performance . Their report is currently being prepared. Included in the . French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 12/28/2022. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. hide. PDF 10.87MB; ESG Databook. of suppliers regard H&M Group as a fair business partner. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . 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. View File. . At Shell, we are doing everything we can to help in the global response to the virus. 531 kb. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. . A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Read more >. Corporate Sustainability; . 2019 Sustainability Review. 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 Letter from the CEO. Senior Vice President Group External Communications. 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. As a leader in the hospitality sector . The action you just performed triggered the security solution. 67.211.219.14 For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. CAC 40. 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 . A team leader who gets the best out of his staff. Increase in the Loyalty Mix. Recycling program in place. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. For further information, visit www.sustainablehospitalityalliance.org. 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. Solid and sustainable rebound. 47 million, largely due to the full consolidation of sbe since Q4 2020. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. We measure and report on our Scope 1, Scope 2 . Ethics and Corporate Social Responsibility Charter. 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. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Two key issues to tackle will be food and buildings. The action you just performed triggered the security solution. Premium, Midscale, Economy. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our 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. 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. Strong growth in consolidated revenue. Performance & security by Cloudflare. This result contributes to creating a great place to work. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. During the second half of 2021, the Group returned to a positive cash generation situation. 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. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Click to reveal Investor feedback suggests a yield in a mid-to-high 2% . You can email the site owner to let them know you were blocked. 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. Luxury & Lifestyle. The covenant was not tested on the two test dates of June 30 and December 31, 2021. Amcor 2020 Sustainability Report. This performance was linked to the recovery in business which reflected better absorption of fixed costs. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 2021 Consolidated Non-Financial Information. Full-Year 2022 Results. This website is using a security service to protect itself from online attacks. 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. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. 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. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Your IP: CAC 40 - INDEXEURO. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Waste Reduction. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 HotelServices, which includes fees from Management & Franchise (M&F) and Services to Owners, generated 1,582 million in revenue, up 36% like-for-like versus FY 2020 (down (46)% like-for-like versus FY 2019). 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. 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). It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Included in the Integrated Report (Section 6 - p. 120) Download. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Today, we want to scale up our ambitions by banking on innovation and accountability. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Eco-designed materials used in the bedrooms. 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 . Our 21st Sustainability Report covers the period 01 January 2021 . The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . reduction in plastic packaging. 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. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. 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 . PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 2011-2020 Huawei Consumer Business . The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company.

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