Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. Amcor 2020 Sustainability Report. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 PDF 10.87MB; ESG Databook. Read Letter from the CEO. 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 has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 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)%. 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. 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 full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. "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. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts Click to reveal This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). The change in working capital requirement returned to close to breakeven. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. The program for 2020 was drawn up in consultation with the teams. 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. 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. Cloudflare Ray ID: 7a2f1863d83a23d4 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). 00:00. 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. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. - Lacey Pfalz, Associate Writer, TravelPulse. The report covers the period 1 January to 31 December. 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. 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. Press Releases. The new system aims higher and is more accommodating as regards local specifics and operational realities. You can email the site owner to let them know you were blocked. Sustainability Disclosure 2021. 01/03/2023 02:25 (Paris) 7.74 2.31%. 12/16/2021 1 min. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. Corporate Sustainability; . - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. 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. 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. It's our way of opening our doors and creating opportunities for all. See stock description. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. 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). Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). 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). 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). For further information, visit www.sustainablehospitalityalliance.org. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . We measure and report on our Scope 1, Scope 2 . 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. 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. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! On February 18, 2021, Accor sold a part of its share in Huazhu Group Ltd, representing 1.5% of share capital of the company for 239 million. 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. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). You can email the site owner to let them know you were blocked. Today, we want to scale up our ambitions by banking on innovation and accountability. As of end of December 2021, combined . Ethics and Corporate Social Responsibility Charter. 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. The covenant was not tested on the two test dates of June 30 and December 31, 2021. Luxury & Lifestyle. It is one of four key enablers to deliver our Strategic Plan. Full-Year 2022 Results. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. . Ben van Beurden, CEO. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Read full 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. 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. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Develops talent from within and a strong disciplinarian who leads by example. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. 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 AC - Euronext Paris. 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. 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. 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. 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. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. hide. 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, 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. Accor is a hotel management company founded in 1967 and based in Paris, France. This website is using a security service to protect itself from online attacks. 2011-2020 Huawei Consumer Business . Changes in the scope of consolidation (acquisitions and disposals) contributed a positive You can email the site owner to let them know you were blocked. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 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. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. Cloudflare Ray ID: 7a2f1821ef190cc1 Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. 47 million, largely due to the full consolidation of sbe since Q4 2020. 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. Cloudflare Ray ID: 7a2f181ebecd86c6 12/28/2022. 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. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Cloudflare Ray ID: 7a2f1819ababf6ad 2022 Full-year results. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). 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 . In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 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. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Included in the Integrated Report (Section 5 - p. 88) download. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 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. of suppliers regard H&M Group as a fair business partner. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 11/23/2021 3 min. Here you can filter our content according to your activity and your interests. accor sustainability report 2020meadowglen lane apartments. Environmental Sustainability Highlights 2019/2020 - Hyatt About 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 action you just performed triggered the security solution. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. Your IP: Press releases. Working together for a better future. 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. . Dec 2016 - Jan 20181 year 2 months. SUSTAINABILITY AND CSR REPORT 2019. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Read full report. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 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. 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). Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 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 . Cloudflare Ray ID: 7a2f181b2b5e1623 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. Responsible Business Report 2022. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. The Group achieved solid results regarding the actions taken over the 2011-2015 period. Recycling program in place. The action you just performed triggered the security solution. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Quality Policy. 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. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. - 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. 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. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. 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. 2017 Report. Our teams are devoted to fighting against this evil and encourage their customers to do the same. 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. Many have lost their lives. 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. As the desire to escape and to resume travelling has never been stronger, we are well underway to make the most of this rebound in all our markets. During the second half of 2021, the Group returned to a positive cash generation situation. Melbourne, Victoria, Australia. 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. CAC 40 - INDEXEURO. Double our percentage of women in leadership to 34%. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. This increase reflected the sharp recovery in business during the second half of the year. We also endeavour to incorporate stakeholder focus areas. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 164.46.106.217 For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. 75.119.192.80 The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Tel: 00 971 4 381 8888. 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. This performance was linked to the recovery in business which reflected better absorption of fixed costs. It is more flexible and is based on a participative approach allowing each hotel to set its own objectives and map out its own action plan. . View File. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 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. . United Arab Emirates. 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. 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. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . Performance & security by Cloudflare. 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 . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. It describes the Company's sustainability platform, material focus areas, goals and results. The action you just performed triggered the security solution. 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 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. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Your IP: 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.. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. You can email the site owner to let them know you were blocked. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. This result contributes to creating a great place to work. Environmental Policy. In 2021, payment of fees was in line with business levels during the year as well as the collection of certain fees for which payment deadline extensions were granted to certain hotel owners. Solid and sustainable rebound. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. Organic waste diversion program in place. 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. Included in the Integrated Report (Section 6 - p. 120) Download. All regions are now generating positive EBITDA. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. 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.
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