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. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. The action you just performed triggered the security solution. Sustainability. the share of recycled materials used in our garments from 5.8% to 17.9%. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. Quality Policy. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Eco-designed materials used in the bedrooms. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. A sustainable commitment to improve your hotel's performance. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Morroco Ourika. This plan was the Groups way of encouraging the hospitality business to do made possible thanks to the work of our devoted teams Accor over the world. We are working to reduce the environmental impacts of our operations through our EnviroAction program. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. View File. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. 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. Click to reveal There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. It is core to our strategy and sits at the heart of everything we do. 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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 CAC 40. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Tel: 00 971 4 381 8888. Click to reveal 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. Press Releases. room and apartment distribution activities and managed properties). A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 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. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. 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. Key performance indicators. 2021 ESG REPORT. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . 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. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Develops talent from within and a strong disciplinarian who leads by example. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . PDF 2.23MB 2018 Consolidated Non-Financial Information. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Luxury & Lifestyle. 2021 Sustainability Report. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . You can email the site owner to let them know you were blocked. 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. 00:00. It was a tough year for Shell, but also a year when we set a clear path for our future. Responsible Business Report 2022. Novotel Hyderabad Airport. Guest Service Agent - Club Sofitel Lounge. 2019 Sustainability Review. You can email the site owner to let them know you were blocked. 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. Each year Loomis publishes an integrated annual and sustainability report. . . 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. This website is using a security service to protect itself from online attacks. 2022 Full-year results. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Full-Year 2022 Results. Our 21st Sustainability Report covers the period 01 January 2021 . The consolidated financial statements and notes related to this press release are available on the www.accor.com website. North Europe showed a more modest sequential improvement (+2 percentage points between the third and fourth quarters) and ended FY 2021 with RevPAR down (57)% compared with FY 2019. 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. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! incentive fees based on the hotel operating margin. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. 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 . Performance & security by Cloudflare. *This commitment should be reached in the year 2020 in areas where the supply chains are developed (in-shell eggs in Europe, for example) and by 2025 on the markets where the supply chains are still in development. ), 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. 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. Environment & CSR. 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. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Your IP: Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. . We also endeavour to incorporate stakeholder focus areas. A team leader who gets the best out of his staff. The new system aims higher and is more accommodating as regards local specifics and operational realities. Innovation is integral to Kering's sustainability policy. For 2022, the Group expects a net unit growth of 3.5%. 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. In 2019, this bond had been partially redeemed for the amount of 350 million. This website is using a security service to protect itself from online attacks. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Corporate Sustainability; . This report also includes a summary of how ITC's Sustainability 2.0 ambitions and priorities are contributing to the achievement of United Nation's Sustainable Development Goals (UN SDGs). The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. As a leader in the hospitality sector . This website is using a security service to protect itself from online attacks. 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 . 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). 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. 2020. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. 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.. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. CAC 40 - INDEXEURO. After five years, the results of the first phase of the plan are very encouraging. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Performance & security by Cloudflare. 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). Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. The action you just performed triggered the security solution. 2017 Report. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. 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. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. 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. 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. 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. 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. Accor Planet 21 Background . Accor AC - Euronext Paris. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. Read more >. 2020 Consolidated Non-Financial Information. Water-efficient landscaping. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). The report covers the period 1 January to 31 December. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. As of end of December 2021, combined . To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Plant wall, fight against food waste, etc. Your IP: The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Sbastien Bazin, the Groups Chairman & CEO, stated, The commitment and energy demonstrated by our teams in deploying Planet 21 worldwide, are both valuable levers for our sustainable performance. At Accor, we ask our customers to reuse their towels. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . 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. View File. You can email the site owner to let them know you were blocked. This website is using a security service to protect itself from online attacks. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. 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. 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. 6/24/2020. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. 12/28/2022. 62.141.45.132 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). Melco recognized by global environmental disclosure system CDP as one of China's . The program for 2020 was drawn up in consultation with the teams. 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. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. of suppliers regard H&M Group as a fair business partner. Sustainability is integral to how we contribute to social value creation. 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. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. and its hotels to measure and improve its sustainability performance long-term with specific goals. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 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. Environmental Policy. Carbon Neutral Certificate by Farnek. 193.32.208.109 Their report is currently being prepared. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Performance & security by Cloudflare. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Increase in the Loyalty Mix. 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. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. 16.3 mb. 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. Cloudflare Ray ID: 7a2f1819ababf6ad Download Snacking Made Right ESG Report. At the end of 2021, 25% of leadership positions are filled by women. 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. Cloudflare Ray ID: 7a2f181ebecd86c6 SUSTAINABILITY AND CSR REPORT 2018. Recycling program in place. You can email the site owner to let them know you were blocked. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. 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. Planet 21 Season 1 [2011-2015]: a solid track record. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. 217.61.142.251 Working together for a better future. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Two key issues to tackle will be food and buildings. 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. Amcor 2020 Sustainability Report. 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. 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). 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. Premium, Midscale, Economy. Three points should be noted: During FY 2021, Group recurring free cash flow improved significantly, from (727) million in FY 2020 to (246) million in FY 2021. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. Included in the Integrated Report (Section 6 - p. 120) Download. Melbourne, Victoria, Australia. - Lacey Pfalz, Associate Writer, TravelPulse. Sustainability and innovation. 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. 12/16/2021 1 min. 2021 Consolidated Non-Financial Information. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. 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. 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. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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. Click to reveal Our teams are devoted to fighting against this evil and encourage their customers to do the same. Many have lost their lives. Two key issues to tackle will be food and buildings. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. This website is using a security service to protect itself from online attacks. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Included in the . Letter from the CEO. PDF 10.87MB; ESG Databook. Performance & security by Cloudflare. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. This performance was linked to the recovery in business which reflected better absorption of fixed costs. PDF document. 531 kb. 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. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Your IP: 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.
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