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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. Energy-saving guest room controls and building systems. 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. An increase related primarily to the loss of recurring free cash flow in full-year 2020, the investment related to the acquisition of all of sbes brands, and the implementation of a share buyback program in Q1 2020. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. 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. 62.141.45.132 Dec 2016 - Jan 20181 year 2 months. 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. 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. Click to reveal Cloudflare Ray ID: 7a2f1819ababf6ad For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. Reported revenue for the period reflects the following factors: Consolidated RevPAR was down 62.0% overall for the full-year, and down 64.5% for the second semester. and its hotels to measure and improve its sustainability performance long-term with specific goals. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Melco recognized by global environmental disclosure system CDP as one of China's . A trouble-shooter who is constantly looking to solve problems and see problems as challenges. In 2019, this bond had been partially redeemed for the amount of 350 million. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. 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. "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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 40% of our Resort's hot water is heated by solar power. 2019 Sustainability Review. ), 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. Environment & CSR. . 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. Solid and sustainable rebound. 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). You can email the site owner to let them know you were blocked. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. Your IP: PDF document. 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. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. It shares the Group's sustainability journey, provides insights into its strategies, as well as highlights the economic, environmental and social aspects of the Group's developments and operations. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. 12/28/2022. Ethics and Corporate Social Responsibility Charter. Press releases. Accsys offers the world a choice to build more sustainably, and we are committed to improving the positive impact we can make in the world, and in Environmental, Social and Governance (ESG) areas. Environmental Sustainability Highlights 2019/2020 - Hyatt About - Lacey Pfalz, Associate Writer, TravelPulse. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. The action you just performed triggered the security solution. Accor is a hotel management company founded in 1967 and based in Paris, France. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Cloudflare Ray ID: 7a2f181ebecd86c6 . Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. 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. Letter from the CEO. Performance & security by Cloudflare. Corporate Sustainability; . Marriott International, Inc. (Nasdaq: MAR) ("Marriott") today released its 2021 Serve 360 Report presenting data from 2020 and demonstrating its Environmental, Social, and Governance (ESG) efforts toward the company's 2025 Sustainability and Social Impact Goals. Live stock. It was a tough year for everyone. 2021 Sustainability Report. This website is using a security service to protect itself from online attacks. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Your IP: Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. A team leader who gets the best out of his staff. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 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. The . Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 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. Letter from the CEO. 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. Eco-designed materials used in the bedrooms. 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. 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. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. 12/16/2021 1 min. Click to reveal Their report is currently being prepared. 01/03/2023 02:25 (Paris) 7.74 2.31%. This website is using a security service to protect itself from online attacks. Click to reveal 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 . Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Read full report. Follow us on . The issues we are tackling are systemic, requiring supply chain and business transformation. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. 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. For 2022, the Group expects a net unit growth of 3.5%. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. United Arab Emirates. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. This increase reflected the sharp recovery in business during the second half of the year. This website is using a security service to protect itself from online attacks. 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. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Our Future is About Sustainable Growth. Sustainability. We are working to reduce the environmental impacts of our operations through our EnviroAction program. Planet 21 Season 1 [2011-2015]: a solid track record. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. 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. 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). . of suppliers regard H&M Group as a fair business partner. 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. . 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. Accor, a world leading hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable Hospitality Alliance, a global organisation that brings together engaged hospitality companies and uses the industry's collective power to address and tackle . 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. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its . This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. Water-efficient landscaping. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . Performance & security by Cloudflare. 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. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. 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. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. PDF 10.87MB; ESG Databook. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. - 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. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . 2021 Integrated report. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Accor. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 6/24/2020. 2011-2020 Huawei Consumer Business . 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. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. Sustainability is integral to how we contribute to social value creation. You can email the site owner to let them know you were blocked. 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. Working together for a better future. 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). After five years, the results of the first phase of the plan are very encouraging. See stock description. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 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. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 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. 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. Tel: 00 971 4 381 8888. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. Sustainable Food and Beverage. SUSTAINABILITY AND CSR REPORT 2019. 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. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! The fruit and vegetables from this garden are served in the restaurant. Universal Registration Document. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Innovation is integral to Kering's sustainability 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. 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. At Shell, we are doing everything we can to help in the global response to the virus. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. 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. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . 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. Environmental Policy. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. 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. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. ESG challenges - i.e., Environmental, Social and Governance (ESG . The action you just performed triggered the security solution. The action you just performed triggered the security solution. It's our way of opening our doors and creating opportunities for all. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. Strong growth in consolidated revenue. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). 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. At the end of 2021, 25% of leadership positions are filled by women. 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)%. 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. All. 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.. 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. 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. HotelServices EBITDA was positive at 93 million for 2021. 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. 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. 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. 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. Sbastien Bazin, Chairman and Chief Executive Officer of Accor, said:Despite a disrupted start of the year due to overall health restrictions, 2021 showed significant improvement in our business, as of the spring, with trends picking-up month after month right up to December. Included in the Integrated Report (Section 6 - p. 120) Download. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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). 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. Water conservation measures in place. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Mar 2021 - Apr 20221 year 2 months. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. 2022 Full-year results. Develops talent from within and a strong disciplinarian who leads by example. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. Korian Share. 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. Click on the brand of your choice if you want to filter the benefits. Amcor 2020 Sustainability Report. 00:00. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. This website is using a security service to protect itself from online attacks. Today, we want to scale up our ambitions by banking on innovation and accountability. September 21st, 2021. The Group achieved solid results regarding the actions taken over the 2011-2015 period. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Hyderabad Area, India. PDF document. 2017 Report. 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 . All regions are now generating positive EBITDA. 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. accor sustainability report 2020meadowglen lane apartments. . Increase in the Loyalty Mix. 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 . 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. Cloudflare Ray ID: 7a2f1863d83a23d4 It was a tough year for Shell, but also a year when we set a clear path for our future. Our 21st Sustainability Report covers the period 01 January 2021 . The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. Performance & security by Cloudflare. Two key issues to tackle will be food and buildings. 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. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. 16.3 mb. 2018 Consolidated Non-Financial Information. 47 million, largely due to the full consolidation of sbe since Q4 2020. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . 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. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency.