accor sustainability report 2020

PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Environmental Sustainability Highlights 2019/2020 - Hyatt About This number reflects an improvement compared with more than 70 million targeted initially, thanks to the implementation of the staff redundancy plan and tight control of consultant costs. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. Your IP: This result contributes to creating a great place to work. A sustainable commitment to improve your hotel's performance. Each year Loomis publishes an integrated annual and sustainability report. 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. 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. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. 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. Sustainable Food and Beverage. Investor feedback suggests a yield in a mid-to-high 2% . The . 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: 7a2f1821ef190cc1 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. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Innovation is integral to Kering's sustainability policy. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. 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. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Included in the . Ethics and Corporate Social Responsibility Charter. . Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. made possible thanks to the work of our devoted teams Accor over the world. 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. 2011-2020 Huawei Consumer Business . This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). 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. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. 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. 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. ), Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the Group is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity and inclusivity. This 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. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. Planet 21 Season 1 [2011-2015]: a solid track record. Quality Policy. 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). Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. PDF 2.23MB - Lacey Pfalz, Associate Writer, TravelPulse. 00:00. 193.32.208.109 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. This website is using a security service to protect itself from online attacks. 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. Double our percentage of women in leadership to 34%. Water conservation measures in place. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Our Future is About Sustainable Growth. While business in Saudi Arabia remained held back by tight restrictions weighing on pilgrimages, the United Arab Emirates benefit from demand linked to Expo 2021 which started from October 1, 2021. 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. Live stock. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. 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. notably in the Food & Beverage segment, but also for flex office activities, wellness, entertainment and events as well as technologies linked to the hotel industry. During the second half of 2021, the Group returned to a positive cash generation situation. 47 million, largely due to the full consolidation of sbe since Q4 2020. 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. See stock description. . Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. Responsible Business Report. Although the effects of this unprecedented crisis linked to the Covid-19 pandemic have not yet fully disappeared, all of the Groups geographies now appear to be well on the way to enjoying more normative levels of business. Click to reveal The new system aims higher and is more accommodating as regards local specifics and operational realities. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. A decrease related primarily to the disposal of Orbis for 1.06 billion in early March 2020 and the 307 million refund related to the withholding tax credit dispute. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Strong growth in consolidated revenue. Accor's sustainability approach includes initiatives at your hotel to . Read more >. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Korian Share. Included in the Integrated Report (Section 5 - p. 88) download. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. 12/28/2022. The action you just performed triggered the security solution. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. At Shell, we are doing everything we can to help in the global response to the virus. Key considerations and . 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. Your IP: You can email the site owner to let them know you were blocked. The Group controls this new entity through the ownership of a 66.67% stake. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Operational waste. 01/03/2023 02:25 (Paris) 7.74 2.31%. Full-Year 2022 Results. The action you just performed triggered the security solution. Increase in the Loyalty Mix. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. 2020 Consolidated Non-Financial Information. Morroco Ourika. 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. Press releases. Our 21st Sustainability Report covers the period 01 January 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. Sustainability is integral to how we contribute to social value creation. It's our way of opening our doors and creating opportunities for all. 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. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. reduction in plastic packaging. - 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. CAC 40 - INDEXEURO. 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. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Read Letter from the CEO. It describes the Company's sustainability platform, material focus areas, goals and results. September 21st, 2021. The change in working capital requirement returned to close to breakeven. 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. SUSTAINABILITY AND CSR REPORT 2019. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Working together for a better future. You can email the site owner to let them know you were blocked. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 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. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. PDF document. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Dec 2016 - Jan 20181 year 2 months. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. 62.141.45.132 Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. room and apartment distribution activities and managed properties). AccorHotels is a Group united by a shared passion for hospitality and driven by a shared promise to make everyone Feel Welcome.Over 190,000 women and men in 3,900 AccorHotels establishments look after thousands of guests every day in 92 countries.AccorHotels is the worlds leading hotel operator and offers its customers, partners and employees:- its dual expertise as a hotel operator and franchisor (HotelServices) and a hotel owner and investor (HotelInvest);- a large portfolio of internationally renowned brands covering the full spectrum, with luxury (Sofitel, Pullman, MGallery by Sofitel, Grand Mercure, The Sebel), midscale (Novotel, Suite Novotel, Mercure, Mama Shelter, Adagio) and economy (ibis, ibis Styles, ibis budget, adagio access and hotelF1) establishments;- a powerful marketplace and loyalty program: Le Club AccorHotels;- almost half a century of commitment to corporate citizenship and solidarity with the PLANET 21 program.Accor SA shares are listed on the Euronext Paris exchange (ISIN code: FR0000120404) and traded in the USA on the OTC marketplace (Code: ACRFY). 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. Guest Service Agent - Club Sofitel Lounge. 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. 16.3 mb. 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. 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. HotelServices EBITDA was positive at 93 million for 2021. and its hotels to measure and improve its sustainability performance long-term with specific goals. 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. Carbon Neutral Certificate by Farnek. 2021 Sustainability Report. 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. 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. Your IP: 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. 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). Our Future is About Sustainable Growth. Revenue Manager. Performance & security by Cloudflare. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 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. Amcor 2020 Sustainability Report. 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. Follow us on . South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. 00:00. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Performance & security by Cloudflare. Waste Reduction. Our teams are devoted to fighting against this evil and encourage their customers to do the same. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. Read full report. Amcor 2019 GRI Report. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. PDF document. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. 2021 ESG REPORT. You can email the site owner to let them know you were blocked. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. 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. Organic waste diversion program in place. Senior Vice President Group External Communications. 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. 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. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Through its global sustainability commitments (such as achieving Net Zero Carbon emissions by 2050, global elimination of single use plastics in its hotels' guest experience, etc. 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. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Letter from the CEO. It was a tough year for Shell, but also a year when we set a clear path for our future. Today, we want to scale up our ambitions by banking on innovation and accountability. For further information, visit www.sustainablehospitalityalliance.org. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Performance & security by Cloudflare. hide. Two key issues to tackle will be food and buildings. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . 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. 12/16/2021 1 min. Responsible Business Report 2022. accor sustainability report 2020meadowglen lane apartments. PDF 10.87MB; ESG Databook. Environment & CSR. 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.

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