accor sustainability report 2020

Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. made possible thanks to the work of our devoted teams Accor over the world. This website is using a security service to protect itself from online attacks. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. Sustainability Disclosure 2021. 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. Here you can filter our content according to your activity and your interests. 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. 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. Their report is currently being prepared. 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. . Sustainable Food and Beverage. Carbon Neutral Certificate by Farnek. Waste Reduction. Included in the . Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. You can email the site owner to let them know you were blocked. Working together for a better future. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Develops talent from within and a strong disciplinarian who leads by example. This website is using a security service to protect itself from online attacks. We also endeavour to incorporate stakeholder focus areas. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Universal Registration Document. Our Future is About Sustainable Growth. Recycling program in place. 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). 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. 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. hide. Melco recognized by global environmental disclosure system CDP as one of China's . 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. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 47 million, largely due to the full consolidation of sbe since Q4 2020. After five years, the results of the first phase of the plan are very encouraging. 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. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 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. room and apartment distribution activities and managed properties). 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. You can email the site owner to let them know you were blocked. Read full report. Wilmar International Limited - Asia's Leading Agribusiness Group It has affected so many people around the world. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Accor Planet 21 Background . In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. . The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. . Cloudflare Ray ID: 7a2f18038eaaef6f The assessment included seeking internal and external stakeholder feedback. Our 21st Sustainability Report covers the period 01 January 2021 . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. 62.141.45.132 The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. You can email the site owner to let them know you were blocked. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. 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 action you just performed triggered the security solution. Read Letter from the CEO. The action you just performed triggered the security solution. Responsible Business Report 2022. View File. +7 percentage points between the third and fourth quarters). 2017 Report. Read more >. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Cloudflare Ray ID: 7a2f181ebecd86c6 Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. This website is using a security service to protect itself from online attacks. 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. Your IP: The action you just performed triggered the security solution. At the end of 2015, all its hotels were committed to protecting children from abuse (in-house awareness program, WATCH) and more than 4.5 million trees had been planted worldwide since 2009. 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. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). Letter from the CEO. Innovation is integral to Kering's sustainability policy. 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 share of recycled materials used in our garments from 5.8% to 17.9%. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. It describes the Company's sustainability platform, material focus areas, goals and results. PDF document. 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. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. 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. This website is using a security service to protect itself from online attacks. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Planet 21 is AccorHotels' sustainability program which spans six key pillars including People, Guests, Partners, Communities, Buildings and Sustainable Food, with commitments aligned with the United Nation's Sustainable Development Goals. Marriott International, Inc. (Nasdaq: MAR) ("Marriott") today released its 2021 Serve 360 Report presenting data from 2020 and demonstrating its Environmental, Social, and Governance (ESG) efforts toward the company's 2025 Sustainability and Social Impact Goals. 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. Press Releases. Solid and sustainable rebound. 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. At the end of 2021, 25% of leadership positions are filled by women. You can email the site owner to let them know you were blocked. 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. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Responsible Business Report. Your IP: Strong growth in consolidated revenue. At Shell, we are doing everything we can to help in the global response to the virus. Full-Year 2022 Results. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. 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. Click to reveal Performance & security by Cloudflare. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. All. Key performance indicators. Ethics and Corporate Social Responsibility Charter. You can email the site owner to let them know you were blocked. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . HotelServices EBITDA was positive at 93 million for 2021. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Sustainability. 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. This result contributes to creating a great place to work. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. 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. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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. Premium, Midscale, Economy. 40% of our Resort's hot water is heated by solar power. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. 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)%. Corporate Sustainability; . This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. . Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 2021 Sustainability Report. 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). To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Senior Vice President Group External Communications. 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 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. 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. . Cloudflare Ray ID: 7a2f181b2b5e1623 Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. Double our percentage of women in leadership to 34%. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. The Group achieved solid results regarding the actions taken over the 2011-2015 period. To provide the hotels with effective support as they deploy this new plan, Charter 21, the in-house sustainable development management system for hoteliers, has evolved and been renamed Planet 21 in Action. 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. Plant wall, fight against food waste, etc. 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. 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). 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. Performance & security by Cloudflare. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. It was a tough year for everyone. 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. Each year Loomis publishes an integrated annual and sustainability report. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Each solution measures operational impact, costs and environmental performance . Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Melbourne, Victoria, Australia. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . A trouble-shooter who is constantly looking to solve problems and see problems as challenges. Accor's unmatched position in lifestyle hospitality one of the fastest growing categories in the industry is led by Ennismore, a joint venture, which Accor holds a majority shareholding. and its hotels to measure and improve its sustainability performance long-term with specific goals. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). 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. Our Future is About Sustainable Growth. Investor feedback suggests a yield in a mid-to-high 2% . 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. Click to reveal The change in working capital requirement returned to close to breakeven. Click to reveal These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. The Group controls this new entity through the ownership of a 66.67% stake. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . This plan was the Groups way of encouraging the hospitality business to do After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. SUSTAINABILITY AND CSR REPORT 2018. 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. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Environment & CSR. It is one of four key enablers to deliver our Strategic Plan. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 2020. 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. 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 . United Arab Emirates. 11/23/2021 3 min. Accor. 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). Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2022 Full-year results. 2011-2020 Huawei Consumer Business . Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 2020 Consolidated Non-Financial Information. It's our way of opening our doors and creating opportunities for all. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. 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. . 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. 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. 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. Environmental Policy. 2021 Integrated report. Eco-designed materials used in the bedrooms. Operational waste. 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 . This website is using a security service to protect itself from online attacks. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. 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. Our teams are devoted to fighting against this evil and encourage their customers to do the same. "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. 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.. 12/28/2022. At Accor, we ask our customers to reuse their towels. 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. 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 follows the GRI methodology and use selected Standards with a GRI . In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . SUSTAINABILITY AND CSR REPORT 2019. ), 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.

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