The Report can be accessed here. The covenant was not tested on the two test dates of June 30 and December 31, 2021. Press Releases. Aligned with the United Nations Sustainable Development Goals (SDGs), they commit to drive continued action on human rights, youth employment, climate action and water stewardship. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Accor AC - Euronext Paris. Your IP: 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. Each solution measures operational impact, costs and environmental performance . It is core to our strategy and sits at the heart of everything we do. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 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). 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. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. Click to reveal Your IP: For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. As a leader in the hospitality sector . Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Performance & security by Cloudflare. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. 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. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . This website is using a security service to protect itself from online attacks. Tel: 00 971 4 381 8888. 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 program for 2020 was drawn up in consultation with the teams. 2019 Sustainability Review. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Planet 21 Season 1 [2011-2015]: a solid track record. 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). The action you just performed triggered the security solution. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. It is one of four key enablers to deliver our Strategic Plan. SUSTAINABILITY AND CSR REPORT 2019. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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)%. You can email the site owner to let them know you were blocked. 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). 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. . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Morroco Ourika. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Sustainable Food and Beverage. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. Our Future is About Sustainable Growth. 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. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its We measure and report on our Scope 1, Scope 2 . 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. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. The action you just performed triggered the security solution. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. Your IP: Cloudflare Ray ID: 7a2f1821ef190cc1 They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. 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. incentive fees based on the hotel operating margin. reduction in plastic packaging. 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. 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. 12/28/2022. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! 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. Recycling program in place. 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. Click to reveal The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Cloudflare Ray ID: 7a2f1819ababf6ad The assessment included seeking internal and external stakeholder feedback. This website is using a security service to protect itself from online attacks. Premium, Midscale, Economy. 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. Our 21st Sustainability Report covers the period 01 January 2021 . Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Read full report. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. +7 percentage points between the third and fourth quarters). Read full report. Cloudflare Ray ID: 7a2f181b2b5e1623 6/24/2020. It describes the Company's sustainability platform, material focus areas, goals and results. The action you just performed triggered the security solution. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Amcor 2019 GRI Report. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. 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. 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. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. . 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. accor sustainability report 2020meadowglen lane apartments. Two key issues to tackle will be food and buildings. 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. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Increase in the Loyalty Mix. We also endeavour to incorporate stakeholder focus areas. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. 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. 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.. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . The issues we are tackling are systemic, requiring supply chain and business transformation. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. 2021 Sustainability Report. 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. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . 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. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . Luxury & Lifestyle. Key considerations and . See stock description. Performance & security by Cloudflare. Korian Share. This website is using a security service to protect itself from online attacks. 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). 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. Performance & security by Cloudflare. At the end of 2021, 25% of leadership positions are filled by women. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. The . This segment, which is closely linked to business in Australia, notably benefited from a recovery in leisure tourism demand during the first half of the year and at the end of FY 2021 on the North-East coast of the country where most of the Groups Strata activities are located (i.e. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. Accor. 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 . 12/16/2021 1 min. For 2022, the Group expects a net unit growth of 3.5%. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. Melbourne, Victoria, Australia. 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. Letter from the CEO. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. The new system aims higher and is more accommodating as regards local specifics and operational realities. It's our way of opening our doors and creating opportunities for all. 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 . The fruit and vegetables from this garden are served in the restaurant. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . In 2019, this bond had been partially redeemed for the amount of 350 million. . The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. The Planet 21 programme demonstrates the Group's ambitious goals for 2020, based around four strategic priorities: work with its employees, involve its customers, innovate with its partners and work with local communities. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Strong growth in consolidated revenue. 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 coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. 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). The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. 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. SUSTAINABILITY AND CSR REPORT 2018. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Operational waste. It was a tough year for everyone. 2011-2020 Huawei Consumer Business . French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Organic waste diversion program in place. Your IP: At Accor, we ask our customers to reuse their towels. HotelServices EBITDA was positive at 93 million for 2021. Click on the brand of your choice if you want to filter the benefits. Your IP: In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . The change in working capital requirement returned to close to breakeven. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. RevPAR was down (49)% in FY 2021 compared with FY 2019. Cloudflare Ray ID: 7a2f181ebecd86c6 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. 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). Mar 2021 - Apr 20221 year 2 months. As of December 31, 2021, the average cost of Accor's debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. The 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 . 16.3 mb. 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. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Included in the Integrated Report (Section 5 - p. 88) download. Accor is a hotel management company founded in 1967 and based in Paris, France. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. Here you can filter our content according to your activity and your interests. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. During the second half of 2021, the Group returned to a positive cash generation situation. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Our Future is About Sustainable Growth. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2021 Consolidated Non-Financial Information. 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. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Revenue Manager. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. 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. 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. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Many have lost their lives. Corporate Sustainability; . Sustainability and innovation. 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. Universal Registration Document. Click to reveal 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Carbon Neutral Certificate by Farnek. 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).
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