The issues we are tackling are systemic, requiring supply chain and business transformation. United Arab Emirates. Follow us on . PDF document. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Premium, Midscale, Economy. Quality Policy. 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. 40% of our Resort's hot water is heated by solar power. 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. Accor AC - Euronext Paris. "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. 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. Today, we want to scale up our ambitions by banking on innovation and accountability. 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. Two key issues to tackle will be food and buildings. Included in the . Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. 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. A sustainable commitment to improve your hotel's performance. 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. The report includes the Group's management approach in integrating sustainability into its policies, structure, management 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. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Cloudflare Ray ID: 7a2f181ebecd86c6 . Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. Read more >. 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. 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. . See stock description. 75.119.192.80 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. 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. Here you can filter our content according to your activity and your interests. Included in the Integrated Report (Section 5 - p. 88) download. incentive fees based on the hotel operating margin. 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. ESG challenges - i.e., Environmental, Social and Governance (ESG . Responsible Business Report 2022. Develops talent from within and a strong disciplinarian who leads by example. 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. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. It follows the GRI methodology and use selected Standards with a GRI . The . 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, Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Recycling program in place. . HotelServices EBITDA was positive at 93 million for 2021. the share of recycled materials used in our garments from 5.8% to 17.9%. Performance & security by Cloudflare. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Revenue Manager. 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. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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 . 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. 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. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Each solution measures operational impact, costs and environmental performance . Included in the Integrated Report (Section 6 - p. 120) Download. 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. made possible thanks to the work of our devoted teams Accor over the world. Double our percentage of women in leadership to 34%. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. 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. 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. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Your IP: In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! 2018 Consolidated Non-Financial Information. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Carbon Neutral Certificate by Farnek. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Each year Loomis publishes an integrated annual and sustainability report. of suppliers regard H&M Group as a fair business partner. 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. 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. Key performance indicators. Press Releases. Click to reveal At the end of 2021, 25% of leadership positions are filled by women. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . Click to reveal This increase reflected the sharp recovery in business during the second half of the year. The action you just performed triggered the security solution. Your IP: 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. 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. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. 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. Strong growth in consolidated revenue. 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. The new system aims higher and is more accommodating as regards local specifics and operational realities. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . - Lacey Pfalz, Associate Writer, TravelPulse. The covenant was not tested on the two test dates of June 30 and December 31, 2021. The fruit and vegetables from this garden are served in the restaurant. 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 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. It was a tough year for Shell, but also a year when we set a clear path for our future. 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. 12/28/2022. 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. CAC 40. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. 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. 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. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. The Group controls this new entity through the ownership of a 66.67% stake. Investor feedback suggests a yield in a mid-to-high 2% . 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. Hyderabad Area, India. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 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. 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. Corporate Sustainability; . - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 This website is using a security service to protect itself from online attacks. 2022 Full-year results. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. 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. 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. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. Download Snacking Made Right ESG Report. . 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. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 2017 Report. room and apartment distribution activities and managed properties). The program for 2020 was drawn up in consultation with the teams. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 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. Luxury & Lifestyle. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Ethics and Corporate Social Responsibility Charter. and its hotels to measure and improve its sustainability performance long-term with specific goals. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . You can email the site owner to let them know you were blocked. 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. Accor, a world leading hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable Hospitality Alliance, a global organisation that brings together engaged hospitality companies and uses the industry's collective power to address and tackle . Sustainability and innovation. 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). The change in working capital requirement returned to close to breakeven. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. 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. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. An increase related primarily to the loss of recurring free cash flow in full-year 2020, the investment related to the acquisition of all of sbes brands, and the implementation of a share buyback program in Q1 2020. At the end of 2021, the Group notably successfully renegotiated the covenant linked to the 1,200 million credit facility which now includes a liquidity covenant out to December 2023 before returning to the initial net debt ratio covenant. Environment & CSR. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. 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. PDF document. Amcor 2019 GRI Report. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Performance & security by Cloudflare. 62.141.45.132 . This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. The action you just performed triggered the security solution. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Press releases. 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 report covers the period 1 January to 31 December. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. 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. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. 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. 2020. 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. During the second half of 2021, the Group returned to a positive cash generation situation. 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. Our 21st Sustainability Report covers the period 01 January 2021 . (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. For 2022, the Group expects a net unit growth of 3.5%. 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. 217.61.142.251 Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. . 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. SUSTAINABILITY AND CSR REPORT 2019. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). 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. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. 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. Accor is a hotel management company founded in 1967 and based in Paris, France. All regions are now generating positive EBITDA. This website is using a security service to protect itself from online attacks. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. For further information, visit www.sustainablehospitalityalliance.org. 12/16/2021 1 min. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Your IP: Solid and sustainable rebound. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. 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. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. We are working to reduce the environmental impacts of our operations through our EnviroAction program. . 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. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. The Group achieved solid results regarding the actions taken over the 2011-2015 period. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. PDF 2.23MB - 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. It is core to our strategy and sits at the heart of everything we do. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). You can email the site owner to let them know you were blocked. Our Future is About Sustainable Growth. 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. Read full report. 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. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. *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. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. 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. In five years, it has delivered two-thirds of the programs 21 objectives and over 90% of its hotels have embarked on a continuous-improvement drive. You can email the site owner to let them know you were blocked. 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.. 2021 Integrated report. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts