French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. Premium, Midscale, Economy. . Click to reveal Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Letter from the CEO. At Accor, we ask our customers to reuse their towels. Amcor 2019 GRI Report. Performance & security by Cloudflare. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Cloudflare Ray ID: 7a2f18038eaaef6f Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. hide. September 21st, 2021. Planet 21 Season 2 must enable us to create wealth sustainably and curb our negative impacts through the mobilization of our employees, guests, partners and local communities. The assessment included seeking internal and external stakeholder feedback. 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. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. Two key issues to tackle will be food and buildings. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. 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. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Water-efficient landscaping. 2021 Sustainability Report. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Accor has set some of the most ambitious sustainability targets in the industry, and in 2021, we committed to achieving net-zero carbon emissions by 2050. Recycling program in place. 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 has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 11/23/2021 3 min. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. It has affected so many people around the world. At the end of December 2021, the Group had a hotel portfolio of 777,714 rooms (5,298 hotels) and a pipeline of 214,000 rooms (1,218 hotels). . Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. 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. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. You can email the site owner to let them know you were blocked. At Shell, we are doing everything we can to help in the global response to the virus. Included in the . Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 00:00. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 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. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . The issues we are tackling are systemic, requiring supply chain and business transformation. The Asia-Pacific region enjoyed a sequential improvement in RevPAR (+9 percentage points between the third and fourth quarters) after a third quarter hit by tighter Covid restrictions. PDF 2.23MB Sbastien Bazin, the Group's Chairman & CEO, stated, "The commitment and energy demonstrated by our teams in deploying Planet 21 worldwide, are both valuable levers for our sustainable performance. Wilmar International Limited - Asia's Leading Agribusiness Group 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. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Read more >. A team leader who gets the best out of his staff. 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. Morroco Ourika. 75.119.192.80 Our 21st Sustainability Report covers the period 01 January 2021 . The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. Accor is a hotel management company founded in 1967 and based in Paris, France. The Group achieved solid results regarding the actions taken over the 2011-2015 period. You can email the site owner to let them know you were blocked. 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. 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. In 2019, this bond had been partially redeemed for the amount of 350 million. It's our way of opening our doors and creating opportunities for all. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. Read full report. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . The report covers the period 1 January to 31 December. 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. Investor feedback suggests a yield in a mid-to-high 2% . - 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. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive CAC 40 - INDEXEURO. This website is using a security service to protect itself from online attacks. Ethics and Corporate Social Responsibility Charter. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. Amcor 2020 Sustainability Report. 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. Melbourne, Victoria, Australia. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . . Click on the brand of your choice if you want to filter the benefits. Included in the Integrated Report (Section 5 - p. 88) download. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. During the second half of 2021, the Group returned to a positive cash generation situation. 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. 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 plan was the Groups way of encouraging the hospitality business to do 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. . 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). 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.. incentive fees based on the hotel operating margin. ESG challenges - i.e., Environmental, Social and Governance (ESG . Savings made on water and energy are used to fund tree planting.One tree is planted every minute. As of end of December 2021, combined . 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. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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 long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . We also endeavour to incorporate stakeholder focus areas. . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Click to reveal 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. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. 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. View File. Ben van Beurden, CEO. All. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 2019 Sustainability Review. Many have lost their lives. This website is using a security service to protect itself from online attacks. Our Future is About Sustainable Growth. It is one of four key enablers to deliver our Strategic Plan. Develops talent from within and a strong disciplinarian who leads by example. Full-Year 2022 Results. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. 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. and its hotels to measure and improve its sustainability performance long-term with specific goals. 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. Key Achievements-. Sustainability and innovation. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Solid and sustainable rebound. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. SUSTAINABILITY AND CSR REPORT 2018. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. The change in working capital requirement returned to close to breakeven. Luxury & Lifestyle. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. "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. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. 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. The Group controls this new entity through the ownership of a 66.67% stake. 40% of our Resort's hot water is heated by solar power. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. Members benefit from the company's comprehensive loyalty program ALL - Accor Live Limitless a daily lifestyle companion that provides access to a wide variety of rewards, services and experiences. made possible thanks to the work of our devoted teams Accor over the world. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. Hyderabad Area, India. 12/16/2021 1 min. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. 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. Sustainability; Home; . 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. Each solution measures operational impact, costs and environmental performance . 2020 Consolidated Non-Financial Information. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. 2011-2020 Huawei Consumer Business . It follows the GRI methodology and use selected Standards with a GRI . Our teams are devoted to fighting against this evil and encourage their customers to do the same. This website is using a security service to protect itself from online attacks. 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. 00:00. Mar 2021 - Apr 20221 year 2 months. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. 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 . 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). Sustainability Disclosure 2021. 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. PDF document. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. The action you just performed triggered the security solution. Guest Service Agent - Club Sofitel Lounge. 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. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. 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. For 2022, the Group expects a net unit growth of 3.5%. The new system aims higher and is more accommodating as regards local specifics and operational realities. Key performance indicators. 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. 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. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. 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. 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. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Cloudflare Ray ID: 7a2f1819ababf6ad 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 . 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. Here you can filter our content according to your activity and your interests. Cloudflare Ray ID: 7a2f1821ef190cc1 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. 2022 Full-year results. The action you just performed triggered the security solution.

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