Water conservation measures in place. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). 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. Environmental Sustainability Highlights 2019/2020 - Hyatt About Click to reveal 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. *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. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. 2022 Full-year results. A sustainable commitment to improve your hotel's performance. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts This number reflects an improvement compared with more than 70 million targeted initially, thanks to the implementation of the staff redundancy plan and tight control of consultant costs. Increase in the Loyalty Mix. We also endeavour to incorporate stakeholder focus areas. This website is using a security service to protect itself from online attacks. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 11/23/2021 3 min. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. 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. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Accor is a hotel management company founded in 1967 and based in Paris, France. 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. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. It was a tough year for everyone. Here you can filter our content according to your activity and your interests. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Two key issues to tackle will be food and buildings. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. The action you just performed triggered the security solution. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . 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. For 2022, the Group expects a net unit growth of 3.5%. The covenant was not tested on the two test dates of June 30 and December 31, 2021. 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. 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. 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. Sustainability; Home; . 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 . The report covers the period 1 January to 31 December. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. 75.119.192.80 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. 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. Sustainability and innovation. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Your IP: The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. 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. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. +7 percentage points between the third and fourth quarters). No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . AccorHotels is a Group united by a shared passion for hospitality and driven by a shared promise to make everyone Feel Welcome.Over 190,000 women and men in 3,900 AccorHotels establishments look after thousands of guests every day in 92 countries.AccorHotels is the worlds leading hotel operator and offers its customers, partners and employees:- its dual expertise as a hotel operator and franchisor (HotelServices) and a hotel owner and investor (HotelInvest);- a large portfolio of internationally renowned brands covering the full spectrum, with luxury (Sofitel, Pullman, MGallery by Sofitel, Grand Mercure, The Sebel), midscale (Novotel, Suite Novotel, Mercure, Mama Shelter, Adagio) and economy (ibis, ibis Styles, ibis budget, adagio access and hotelF1) establishments;- a powerful marketplace and loyalty program: Le Club AccorHotels;- almost half a century of commitment to corporate citizenship and solidarity with the PLANET 21 program.Accor SA shares are listed on the Euronext Paris exchange (ISIN code: FR0000120404) and traded in the USA on the OTC marketplace (Code: ACRFY). Planet 21 Season 1 [2011-2015]: a solid track record. 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. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. The Group controls this new entity through the ownership of a 66.67% stake. Moreover, this operation demonstrated the Groups ambition to accelerate its transition towards a sustainable growth, to notably pursue its commitment in terms of greenhouse gas emission reduction and to affirm its environmental and social values by involving the entire value chain. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its Dec 2016 - Jan 20181 year 2 months. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 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. Develops talent from within and a strong disciplinarian who leads by example. . 217.61.142.251 Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Cloudflare Ray ID: 7a2f1821ef190cc1 The Report can be accessed here. . Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. It's our way of opening our doors and creating opportunities for all. Performance & security by Cloudflare. Responsible Business Report. hide. 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. Our Future is About Sustainable Growth. Your IP: Our 21st Sustainability Report covers the period 01 January 2021 . Accor. Amcor 2019 GRI Report. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 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. Sustainability. 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. The action you just performed triggered the security solution. The program for 2020 was drawn up in consultation with the teams. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. You can email the site owner to let them know you were blocked. 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. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. This plan was the Groups way of encouraging the hospitality business to do 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). - 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. 2021 Consolidated Non-Financial Information. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. Amcor 2020 Sustainability Report. This performance was linked to the recovery in business which reflected better absorption of fixed costs. 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). Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . 12/28/2022. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Cloudflare Ray ID: 7a2f1819ababf6ad There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We are working to reduce the environmental impacts of our operations through our EnviroAction program. 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. Eco-designed materials used in the bedrooms. It was a tough year for Shell, but also a year when we set a clear path for our future. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 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. You can email the site owner to let them know you were blocked. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The change in working capital requirement returned to close to breakeven. 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. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. . SUSTAINABILITY AND CSR REPORT 2018. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. This change masks disparities between the hard-hit businesses directly related to the Travel segment, such as onefinestay private home rentals, and the digital businesses, such as D-Edge services. incentive fees based on the hotel operating margin. 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. 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. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. 16.3 mb. 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. Environmental Policy. Their report is currently being prepared. A team leader who gets the best out of his staff. 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. 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. 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. At the end of 2021, 25% of leadership positions are filled by women. 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. 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. As of end of December 2021, combined with the two undrawn credit facilities of 1.8 billion, Accor had a liquidity position of 3.4 billion. Melbourne, Victoria, Australia. Wilmar International Limited - Asia's Leading Agribusiness Group 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). 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. 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. Live stock. Your IP: During the second half of 2021, the Group returned to a positive cash generation situation. PDF document. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 PDF version of our 2020 Sustainability Review - a summary of our approach and performance. . Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Operational waste. the share of recycled materials used in our garments from 5.8% to 17.9%. ESG challenges - i.e., Environmental, Social and Governance (ESG . Plant wall, fight against food waste, etc. PDF 2.23MB 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. After five years, the results of the first phase of the plan are very encouraging. You can email the site owner to let them know you were blocked. United Arab Emirates. Performance & security by Cloudflare. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. The action you just performed triggered the security solution. 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). We measure and report on our Scope 1, Scope 2 . 2017 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. You can email the site owner to let them know you were blocked. Click to reveal 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. 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. At Accor, we ask our customers to reuse their towels. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Energy-saving guest room controls and building systems. 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. September 21st, 2021. 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). room and apartment distribution activities and managed properties). In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. 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 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 . The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Investor feedback suggests a yield in a mid-to-high 2% . 2019 Sustainability Review. 2018 Consolidated Non-Financial Information. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. 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 . 00:00. Cloudflare Ray ID: 7a2f181b2b5e1623 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 announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. 67.211.219.14 00:00. Organic waste diversion program in place. 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. 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. We keep a close eye on our key extra-financial performance indicators in order to demonstrate the results we achieve and the shared value that we create. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. "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. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. 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. made possible thanks to the work of our devoted teams Accor over the world. The action you just performed triggered the security solution. 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. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. and its hotels to measure and improve its sustainability performance long-term with specific goals. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Revenue Manager. 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. 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. 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. 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 . 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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. All. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. Read full report. 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.