accor sustainability report 2020

This SPAC successfully raised 300 million with a view to acquire one or more companies in sectors related to the core hotel business operated by Accor, The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. Press Releases. Mar 2021 - Apr 20221 year 2 months. 2011-2020 Huawei Consumer Business . This website is using a security service to protect itself from online attacks. the share of recycled materials used in our garments from 5.8% to 17.9%. Accor is a hotel management company founded in 1967 and based in Paris, France. As of end of December 2021, combined . 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)%. 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. During the second half of 2021, the Group returned to a positive cash generation situation. In general, the sharper decline in M&F revenue compared to RevPAR (down (46)% over FY 2021 versus FY 2019) can be attributed to the strong decrease in incentive fees based on the hotel operating margin generated from management contracts. Waste Reduction. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. - 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. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Letter from the CEO. All. 531 kb. Premium, Midscale, Economy. 2017 Report. 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. 2018 Consolidated Non-Financial Information. 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. Two key issues to tackle will be food and buildings. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. 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. This website is using a security service to protect itself from online attacks. The report solidifies the company's commitment to creating a sustainable future and making a difference in the lives of employees, guests and the communities in which it operates. 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). There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. It describes the Company's sustainability platform, material focus areas, goals and results. accor sustainability report 2020meadowglen lane apartments. 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. Click on the brand of your choice if you want to filter the benefits. The Report can be accessed here. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. +7 percentage points between the third and fourth quarters). The action you just performed triggered the security solution. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). Accor Planet 21 Background . A trouble-shooter who is constantly looking to solve problems and see problems as challenges. View File. 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. A team leader who gets the best out of his staff. Melco recognized by global environmental disclosure system CDP as one of China's . We measure and report on our Scope 1, Scope 2 . Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. 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. It has affected so many people around the world. Melbourne, Victoria, Australia. This website is using a security service to protect itself from online attacks. Click to reveal 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 . The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. At the end of 2021, 25% of leadership positions are filled by women. 6/24/2020. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Amcor 2019 GRI Report. Letter from the CEO. Responsible Business Report 2022. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its Dec 2016 - Jan 20181 year 2 months. "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. Two key issues to tackle will be food and buildings. 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. Sustainability. 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 . 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. See stock description. 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. 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. . Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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. Performance & security by Cloudflare. 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. Accor's sustainability approach includes initiatives at your hotel to . 00:00. . Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Key performance indicators. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Environmental Policy. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. 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. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Live stock. 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 Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. 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 expiry of loyalty points at the end of the year eased the impact of the decline in revenue for this area of business compared to the Management & Franchise (M&F) activity. Read more >. Your IP: It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Download Snacking Made Right ESG Report. It was a tough year for Shell, but also a year when we set a clear path for our future. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. The Group controls this new entity through the ownership of a 66.67% stake. Performance & security by Cloudflare. 217.61.142.251 Responsible Business Report. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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). 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. 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. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. 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. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Revenue Manager. 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. Key Achievements-. Environmental Sustainability Highlights 2019/2020 - Hyatt About Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . 2022 Full-year results. Planet 21 [2016-2020] is structured into four areas of action enlisting its employees, customers, partners and local communities, and two priorities, namely food & beverage and buildings. 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. 2020. 2020 Consolidated Non-Financial Information. 164.46.106.217 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. 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.. 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. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. 12/16/2021 1 min. 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. As part of a policy of progress and transparency, the Group asked its customers for their views on these issues, updated its environmental footprint and assessed its socio-economic footprint for the first time to assess the challenges it faces and construct its new 5-year program. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). 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). 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. . 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). The report covers the period 1 January to 31 December. 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. 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. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Ethics and Corporate Social Responsibility Charter. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 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). This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Follow us on . Senior Vice President Group External Communications. The change in working capital requirement returned to close to breakeven. PDF document. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. 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. 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. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. Today, we want to scale up our ambitions by banking on innovation and accountability. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Included in the . - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. 11/23/2021 3 min. Carbon Neutral Certificate by Farnek. 2021 Consolidated Non-Financial Information. Our teams are devoted to fighting against this evil and encourage their customers to do the same. 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. 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. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. Quality Policy. Water-efficient landscaping. 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. Performance & security by Cloudflare. This decline reflects an environment disrupted by the resurgence of the Covid-19 pandemic, despite a marked improvement in global business levels from April 2021. The 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. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. It was a tough year for everyone. 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. incentive fees based on the hotel operating margin. . 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. Guest Service Agent - Club Sofitel Lounge. The Management & Franchise division of HotelServices reported EBITDA of 275 million, significantly higher than in 2020 (25 million) and down (64)% like-for-like compared with FY 2019. Wilmar International Limited - Asia's Leading Agribusiness Group This website is using a security service to protect itself from online attacks. 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. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Corporate Sustainability; . Korian Share. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. You can email the site owner to let them know you were blocked. 67.211.219.14 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). For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . 75.119.192.80 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). 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. The assessment included seeking internal and external stakeholder feedback. You can email the site owner to let them know you were blocked. 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. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. We share our vision of digital transformation with purpose, our strategy and our . Share your thoughts with Twitter #ActingHere, More information on the digital press kit. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. United Arab Emirates. PDF 2.23MB Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Sustainability; Home; . 47 million, largely due to the full consolidation of sbe since Q4 2020. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. . Here you can filter our content according to your activity and your interests. As a leader in the hospitality sector . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. 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.

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