Since early 2021, this segment includes New Businesses (concierge services, luxury home rentals, private sales of hotel stays and digital services for hotel owners) which continue to be affected in different ways, ranging from the severely affected businesses directly related to the Travel sector, such as onefinestays private home rentals, to the digital businesses, such as the services provided by D-Edge. 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). Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. 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. 2017 Report. Click to reveal 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. Click on the brand of your choice if you want to filter the benefits. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 *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. SUSTAINABILITY AND CSR REPORT 2019. It's our way of opening our doors and creating opportunities for all. 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. Accor Planet 21 Background . 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). 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. 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. 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. and its hotels to measure and improve its sustainability performance long-term with specific goals. 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. 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. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 40% of our Resort's hot water is heated by solar power. Our teams are devoted to fighting against this evil and encourage their customers to do the same. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The action you just performed triggered the security solution. 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. At the end of 2021, 25% of leadership positions are filled by women. Their report is currently being prepared. Premium, Midscale, Economy. The Group controls this new entity through the ownership of a 66.67% stake. Revenue in the Management & Franchise (M&F) stood at 518 million, up 74% like-for-like versus FY 2020 (down (51)% like-for-like versus FY 2019), with regional performances correlated to health crisis developments in the countries considered. 11/23/2021 3 min. We measure and report on our Scope 1, Scope 2 . 75.119.192.80 Increase in the Loyalty Mix. Accor. 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. This website is using a security service to protect itself from online attacks. For 2022, the Group expects a net unit growth of 3.5%. The action you just performed triggered the security solution. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. You can email the site owner to let them know you were blocked. Letter from the CEO. Click to reveal 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). The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. 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. 00:00. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Each solution measures operational impact, costs and environmental performance . 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 third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Read more >. Sustainable Food and Beverage. 164.46.106.217 Your IP: Water-efficient landscaping. Operational waste. Solid and sustainable rebound. 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. 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. ESG challenges - i.e., Environmental, Social and Governance (ESG . accor sustainability report 2020meadowglen lane apartments. 47 million, largely due to the full consolidation of sbe since Q4 2020. At Accor, we ask our customers to reuse their towels. 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. RevPAR was down (49)% in FY 2021 compared with FY 2019. the share of recycled materials used in our garments from 5.8% to 17.9%. 2011-2020 Huawei Consumer Business . Click to reveal Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . CAC 40. Your IP: This plan was the Groups way of encouraging the hospitality business to do 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. . Environment & CSR. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. 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. . A team leader who gets the best out of his staff. 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. reduction in plastic packaging. Our Future is About Sustainable Growth. Novotel Hyderabad Airport. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 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. 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. 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. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. Click to reveal The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. It is one of four key enablers to deliver our Strategic Plan. Included in the . We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . 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. 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 . Working together for a better future. 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. Innovation is integral to Kering's sustainability policy. The action you just performed triggered the security solution. 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. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. This website is using a security service to protect itself from online attacks. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Luxury & Lifestyle. 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). After five years, the results of the first phase of the plan are very encouraging. 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 FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. . RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . Cloudflare Ray ID: 7a2f18038eaaef6f . 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. This website is using a security service to protect itself from online attacks. Investor feedback suggests a yield in a mid-to-high 2% . Share your thoughts with Twitter #ActingHere, More information on the digital press kit. Organic waste diversion program in place. . 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. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its 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. 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. You can email the site owner to let them know you were blocked. Performance & security by Cloudflare. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . 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. 12/16/2021 1 min. Korian Share. Many have lost their lives. 2018 Consolidated Non-Financial Information. 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. The Report can be accessed here. Melbourne, Victoria, Australia. Cloudflare Ray ID: 7a2f1821ef190cc1 No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . 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. ), 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. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. The action you just performed triggered the security solution. This website is using a security service to protect itself from online attacks. Carbon Neutral Certificate by Farnek. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. You can email the site owner to let them know you were blocked. Read full report. 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. 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. 2019 Sustainability Review. 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). Responsible Business Report. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. 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)%. 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. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 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. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . 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). French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 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. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. The fruit and vegetables from this garden are served in the restaurant. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. PDF 10.87MB; ESG Databook. Performance & security by Cloudflare. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. See stock description. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . - Lacey Pfalz, Associate Writer, TravelPulse. 2020 Consolidated Non-Financial Information. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. 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. This website is using a security service to protect itself from online attacks. 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. 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). Performance & security by Cloudflare. Quality Policy. Included in the Integrated Report (Section 5 - p. 88) download. It describes the Company's sustainability platform, material focus areas, goals and results. 6/24/2020. 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. Eco-designed materials used in the bedrooms. Performance & security by Cloudflare. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. 12/28/2022. Corporate Sustainability; . It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Download Snacking Made Right ESG Report. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. 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. 67.211.219.14 Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. 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. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. . September 21st, 2021. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. 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. 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. Ethics and Corporate Social Responsibility Charter. 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. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Recycling program in place. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. 531 kb. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges.
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