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 issues we are tackling are systemic, requiring supply chain and business transformation. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. Our 21st Sustainability Report covers the period 01 January 2021 . Accor is a hotel management company founded in 1967 and based in Paris, France. 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). After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. It is one of four key enablers to deliver our Strategic Plan. 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. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Cloudflare Ray ID: 7a2f181b2b5e1623 Organic waste diversion program in place. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2020. 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. 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. 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. Guest Service Agent - Club Sofitel Lounge. Environmental Sustainability Highlights 2019/2020 - Hyatt About Follow us on . You can email the site owner to let them know you were blocked. 62.141.45.132 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. Tel: 00 971 4 381 8888. 12/16/2021 1 min. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Planet 21 Season 1 [2011-2015]: a solid track record. 47 million, largely due to the full consolidation of sbe since Q4 2020. A sustainable commitment to improve your hotel's performance. Double our percentage of women in leadership to 34%. Download Snacking Made Right ESG Report. 2017 Report. Ethics and Corporate Social Responsibility Charter. Press Releases. 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. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Melco recognized by global environmental disclosure system CDP as one of China's . PDF document. Key considerations and . 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. +7 percentage points between the third and fourth quarters). Melbourne, Victoria, Australia. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. This website is using a security service to protect itself from online attacks. Solid and sustainable rebound. Accor Planet 21 Background . These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. . This website is using a security service to protect itself from online attacks. 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. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Cloudflare Ray ID: 7a2f1819ababf6ad Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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. 193.32.208.109 Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 2021 Consolidated Non-Financial Information. 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 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. Water conservation measures in place. The action you just performed triggered the security solution. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. 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. 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. Our Future is About Sustainable Growth. 01/03/2023 02:25 (Paris) 7.74 2.31%. 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. Increase in the Loyalty Mix. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its 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. Amcor 2020 Sustainability Report. It was a tough year for everyone. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Accor's sustainability approach includes initiatives at your hotel to . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. PDF 10.87MB; ESG Databook. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Working together for a better future. 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. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Live stock. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). Cloudflare Ray ID: 7a2f1821ef190cc1 Dec 2016 - Jan 20181 year 2 months. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Your IP: This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. 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. 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. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Letter from the CEO. The program for 2020 was drawn up in consultation with the teams. Accor AC - Euronext Paris. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . made possible thanks to the work of our devoted teams Accor over the world. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. This performance was linked to the recovery in business which reflected better absorption of fixed costs. 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. See stock description. The report covers the period 1 January to 31 December. Your IP: 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. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. 2019 Sustainability Review. Click to reveal You can email the site owner to let them know you were blocked. . A trouble-shooter who is constantly looking to solve problems and see problems as challenges. accor sustainability report 2020meadowglen lane apartments. 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. incentive fees based on the hotel operating margin. 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. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. Included in the Integrated Report (Section 5 - p. 88) download. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. 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 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. RevPAR was down (49)% in FY 2021 compared with FY 2019. This increase reflected the sharp recovery in business during the second half of the year. 2021 Integrated report. During the second half of 2021, the Group returned to a positive cash generation situation. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. 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 . ESG challenges - i.e., Environmental, Social and Governance (ESG . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 2021 ESG REPORT. Plant wall, fight against food waste, etc. 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 is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 00:00. Responsible Business Report 2022. Sustainability Disclosure 2021. and its hotels to measure and improve its sustainability performance long-term with specific goals. You can email the site owner to let them know you were blocked. 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. 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. 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. Operational waste. . 2011-2020 Huawei Consumer Business . Environmental Policy. 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. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Universal Registration Document. HotelServices EBITDA was positive at 93 million for 2021. . Anne-France MalrieuImage 7Phone: +33 1 53 70 74 66afmalrieu@image7.fr, Carina Alfonso MartinDirectrice des Relations Media mondePhone: +33 1 45 38 84 84carina.alfonsomartin@accor.com, Delphine DumonceauRelations pressePhone: +33 1 45 38 84 95delphine.dumonceau@accor.com, Marie-Camille AubagnacRelations pressePhone: +33 1 45 38 19 16marie-camille.aubagnac@accor.com, Sbastien ValentinSVP Financial Communications and Investor RelationsPhone: 33 (0)1 45 38 86 25sebastien.valentin@accor.com, Marie NielInvestor RelationsPhone: +33 (0)1 45 38 86 94marie.niel@accor.com. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. This website is using a security service to protect itself from online attacks. "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. 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. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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). 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. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. the share of recycled materials used in our garments from 5.8% to 17.9%. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. It's our way of opening our doors and creating opportunities for all. Letter from the CEO. Their report is currently being prepared. Each year Loomis publishes an integrated annual and sustainability report. Each solution measures operational impact, costs and environmental performance . 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. Performance & security by Cloudflare. 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. For 2022, the Group expects a net unit growth of 3.5%. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 2018 Consolidated Non-Financial Information. 531 kb. 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. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. This result contributes to creating a great place to work. 11/23/2021 3 min. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Performance & security by Cloudflare. 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. 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. In 2019, this bond had been partially redeemed for the amount of 350 million. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. For further information, visit www.sustainablehospitalityalliance.org. Sustainability and innovation. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Recycling program in place. The action you just performed triggered the security solution. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! You can email the site owner to let them know you were blocked. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. As a leader in the hospitality sector . United Arab Emirates. All regions are now generating positive EBITDA. Our teams are devoted to fighting against this evil and encourage their customers to do the same. 164.46.106.217 Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. reduction in plastic packaging. We share our vision of digital transformation with purpose, our strategy and our . Revenue Manager. At Accor, we ask our customers to reuse their towels. In five years, it has delivered two-thirds of the programs 21 objectives and over 90% of its hotels have embarked on a continuous-improvement drive. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. 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. Performance & security by Cloudflare. Full-Year 2022 Results. 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). The new system aims higher and is more accommodating as regards local specifics and operational realities. Key Achievements-. Cloudflare Ray ID: 7a2f18038eaaef6f You can email the site owner to let them know you were blocked. The Asia-Pacific region enjoyed a sequential improvement in RevPAR (+9 percentage points between the third and fourth quarters) after a third quarter hit by tighter Covid restrictions. All. 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Two key issues to tackle will be food and buildings. 67.211.219.14 The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . 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). Key performance indicators. room and apartment distribution activities and managed properties). Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working.

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