accor sustainability report 2020 accor sustainability report 2020

Innovation is integral to Kering's sustainability policy. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . 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. 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. The action you just performed triggered the security solution. Korian Share. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. 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's sustainability approach includes initiatives at your hotel to . The action you just performed triggered the security solution. 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). 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. Cloudflare Ray ID: 7a2f1819ababf6ad This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. At the end of 2021, 25% of leadership positions are filled by women. 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. We also endeavour to incorporate stakeholder focus areas. Read Letter from the CEO. The change in working capital requirement returned to close to breakeven. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). 2020 Consolidated Non-Financial Information. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 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. 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. 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. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. and its hotels to measure and improve its sustainability performance long-term with specific goals. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. It describes the Company's sustainability platform, material focus areas, goals and results. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. 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. 2017 Report. Click to reveal 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. Tel: 00 971 4 381 8888. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. 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. You can email the site owner to let them know you were blocked. With the remit of stepping up development of the two brands by rolling out exceptional offerings and cultural excellence with its teams, Accor appointed Stephen Alden to its Executive Committee and is CEO of the Raffles and Orient Express brands. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Today, we want to scale up our ambitions by banking on innovation and accountability. . Senior Vice President Group External Communications. This plan was the Groups way of encouraging the hospitality business to do Click to reveal There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. 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. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. For further information, visit www.sustainablehospitalityalliance.org. 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. Energy-saving guest room controls and building systems. 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). made possible thanks to the work of our devoted teams Accor over the world. Mar 2021 - Apr 20221 year 2 months. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. 11/23/2021 3 min. After five years, the results of the first phase of the plan are very encouraging. 00:00. incentive fees based on the hotel operating margin. 531 kb. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. 75.119.192.80 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. reduction in plastic packaging. 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. 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. Your IP: There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. 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. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. 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). Click to reveal Accor. . The action you just performed triggered the security solution. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . 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. This performance was linked to the recovery in business which reflected better absorption of fixed costs. 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). Cloudflare Ray ID: 7a2f181b2b5e1623 Sustainability is integral to how we contribute to social value creation. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Full-Year 2022 Results. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! 2021 Sustainability Report. The report covers the period 1 January to 31 December. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. 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. Content in this section includes excerpts from the Accsys Annual Report 2022 and 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. All regions are now generating positive EBITDA. . 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. Organic waste diversion program in place. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . This website is using a security service to protect itself from online attacks. Press Releases. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. Many have lost their lives. Performance & security by Cloudflare. 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 consolidated financial statements and notes related to this press release are available on the www.accor.com website. It follows the GRI methodology and use selected Standards with a GRI . 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 . 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 . Strong growth in consolidated revenue. 2018 Consolidated Non-Financial Information. Operational waste. 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. Luxury & Lifestyle. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Your IP: 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. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. 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. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. Here you can filter our content according to your activity and your interests. As of end of December 2021, combined . Wilmar International Limited - Asia's Leading Agribusiness Group The program for 2020 was drawn up in consultation with the teams. This result contributes to creating a great place to work. Corporate Sustainability; . Revenue Manager. Ethics and Corporate Social Responsibility Charter. 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). Savings made on water and energy are used to fund tree planting.One tree is planted every minute. 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 . Environmental Policy. 2021 ESG REPORT. SUSTAINABILITY AND CSR REPORT 2018. Premium, Midscale, Economy. Included in the Integrated Report (Section 6 - p. 120) Download. Anne-France MalrieuImage 7Phone: +33 1 53 70 74 66afmalrieu@image7.fr, Carina Alfonso MartinDirectrice des Relations Media mondePhone: +33 1 45 38 84 84carina.alfonsomartin@accor.com, Delphine DumonceauRelations pressePhone: +33 1 45 38 84 95delphine.dumonceau@accor.com, Marie-Camille AubagnacRelations pressePhone: +33 1 45 38 19 16marie-camille.aubagnac@accor.com, Sbastien ValentinSVP Financial Communications and Investor RelationsPhone: 33 (0)1 45 38 86 25sebastien.valentin@accor.com, Marie NielInvestor RelationsPhone: +33 (0)1 45 38 86 94marie.niel@accor.com. PDF 10.87MB; ESG Databook. . The assessment included seeking internal and external stakeholder feedback. 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 Group achieved solid results regarding the actions taken over the 2011-2015 period. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. 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. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 16.3 mb. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). 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. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. Accor AC - Euronext Paris. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. Each year Loomis publishes an integrated annual and sustainability report. 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. Our teams are devoted to fighting against this evil and encourage their customers to do the same. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . 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. Melco recognized by global environmental disclosure system CDP as one of China's . Read more >. 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. 217.61.142.251 2021 Consolidated Non-Financial Information. 40% of our Resort's hot water is heated by solar power. Download Snacking Made Right ESG Report. 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. 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. Waste Reduction. 2011-2020 Huawei Consumer Business . 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. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Increase in the Loyalty Mix. 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. 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. 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 coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. 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. 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. Plant wall, fight against food waste, etc. 67.211.219.14 Share your thoughts with Twitter #ActingHere, More information on the digital press kit. You can email the site owner to let them know you were blocked. 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.