AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. ESG challenges - i.e., Environmental, Social and Governance (ESG . 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. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. . These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Two key issues to tackle will be food and buildings. 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. Here you can filter our content according to your activity and your interests. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its 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. Accor, a world leading hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable Hospitality Alliance, a global organisation that brings together engaged hospitality companies and uses the industry's collective power to address and tackle . Morroco Ourika. Follow us on . At the end of 2021, 25% of leadership positions are filled by women. 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). 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. Responsible Business Report 2022. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 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. Quality Policy. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. 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. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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. Key Achievements-. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Cloudflare Ray ID: 7a2f1819ababf6ad French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Korian Share. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Click to reveal The change in working capital requirement returned to close to breakeven. Eco-designed materials used in the bedrooms. 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. 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. Two key issues to tackle will be food and buildings. 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. Read Letter from the CEO. 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. - 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. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . Solid and sustainable rebound. Sustainability is integral to how we contribute to social value creation. 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. Wilmar International Limited - Asia's Leading Agribusiness Group 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. 00:00. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Novotel Hyderabad Airport. The action you just performed triggered the security solution. 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. 2011-2020 Huawei Consumer Business . Accor is a hotel management company founded in 1967 and based in Paris, France. 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. 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. Strong growth in consolidated revenue. Hyderabad Area, India. 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. Their members make up 25% of the global hotel industry by rooms and include 14 world-leading hotel companies including Marriott International, Hilton, IHG, Hyatt and Radisson Hotels Group as well as regional brands. 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. Your IP: In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Read full report. 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. It describes the Company's sustainability platform, material focus areas, goals and results. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. 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. After five years, the results of the first phase of the plan are very encouraging. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. The Board's Responsible Business Committee reviews IHG's responsible business objectives and strategy, including the impact on environmental, social, community and human rights issues; IHG's strategic approach to sustainable development and responsible procurement; and how IHG engages with stakeholders. Premium, Midscale, Economy. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Sustainability Disclosure 2021. Carbon Neutral Certificate by Farnek. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. 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. 531 kb. 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. Key considerations and . 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Accor took one bold commitment in 2019/20: eliminate ALL guest-related single-use plastic items in its hotels by end 2022 across 110 countries . In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. You can email the site owner to let them know you were blocked. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 193.32.208.109 It is core to our strategy and sits at the heart of everything we do. Amcor 2020 Sustainability Report. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Performance & security by Cloudflare. Accor Planet 21 Background . Water-efficient landscaping. This website is using a security service to protect itself from online attacks. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Live stock. 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. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. 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. RevPAR was down (49)% in FY 2021 compared with FY 2019. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. It was a tough year for everyone. We also endeavour to incorporate stakeholder focus areas. This increase reflected the sharp recovery in business during the second half of the year. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. 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. Dec 2016 - Jan 20181 year 2 months. CAC 40. 12/28/2022. Sustainable Food and Beverage. United Arab Emirates. hide. Waste Reduction. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts This website is using a security service to protect itself from online attacks. Cloudflare Ray ID: 7a2f1863d83a23d4 Click to reveal ), 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. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Performance & security by Cloudflare. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. Sustainability; Home; . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. HotelServices EBITDA was positive at 93 million for 2021. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. This plan was the Groups way of encouraging the hospitality business to do SUSTAINABILITY AND CSR REPORT 2019. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 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. . Senior Vice President Group External Communications. 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. 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. 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. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Develops talent from within and a strong disciplinarian who leads by example. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. 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. Environmental Sustainability Highlights 2019/2020 - Hyatt About 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. 62.141.45.132 Included in the Integrated Report (Section 5 - p. 88) download. 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. . This website is using a security service to protect itself from online attacks. PDF document. 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. The fruit and vegetables from this garden are served in the restaurant. 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. 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 . Read more >. You can email the site owner to let them know you were blocked. AccorHotels, the world's leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Increase in the Loyalty Mix. The action you just performed triggered the security solution. 2021 Consolidated Non-Financial Information. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. 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. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 12/16/2021 1 min. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. 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. All regions are now generating positive EBITDA. The issues we are tackling are systemic, requiring supply chain and business transformation. Ethics and Corporate Social Responsibility Charter. See stock description. Performance & security by Cloudflare. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Each solution measures operational impact, costs and environmental performance . 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. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Melbourne, Victoria, Australia. Guest Service Agent - Club Sofitel Lounge. incentive fees based on the hotel operating margin. PDF 2.23MB There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. With the remit of stepping up development of the two brands by rolling out exceptional offerings and cultural excellence with its teams, Accor appointed Stephen Alden to its Executive Committee and is CEO of the Raffles and Orient Express brands. The assessment included seeking internal and external stakeholder feedback. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Each year Loomis publishes an integrated annual and sustainability report. Innovation is integral to Kering's sustainability policy. 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. Today, we want to scale up our ambitions by banking on innovation and accountability. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. accor sustainability report 2020meadowglen lane apartments. 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. 01/03/2023 02:25 (Paris) 7.74 2.31%. 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. 2021 ESG REPORT. . 67.211.219.14 . . Double our percentage of women in leadership to 34%. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. room and apartment distribution activities and managed properties). 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. On October 1, 2021, following the all-share merger, Accor became the majority shareholder in the new entity created with Ennismore, positioned in the Lifestyle hotel segment. Press Releases. This website is using a security service to protect itself from online attacks. As a leader in the hospitality sector . 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). The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Cloudflare Ray ID: 7a2f1821ef190cc1 Click on the brand of your choice if you want to filter the benefits. 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. View File. The action you just performed triggered the security solution. PDF document. Sustainability. *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. 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. Download Snacking Made Right ESG Report. 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.
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