accor sustainability report 2020
00:00. 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. 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. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. This website is using a security service to protect itself from online attacks. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. Working together for a better future. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. Our Future is About Sustainable Growth. Environmental Policy. 00:00. We share our vision of digital transformation with purpose, our strategy and our . 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. Your IP: This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Cloudflare Ray ID: 7a2f181b2b5e1623 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. 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. The assessment included seeking internal and external stakeholder feedback. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. At Shell, we are doing everything we can to help in the global response to the virus. . Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. . 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. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. 2017 Report. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. Performance & security by Cloudflare. Click to reveal 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. Press Releases. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Read full report. hide. 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. The action you just performed triggered the security solution. The fruit and vegetables from this garden are served in the restaurant. PDF document. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Dec 2016 - Jan 20181 year 2 months. 164.46.106.217 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. Revenue in the Hotel Assets & Other segment was up 29% like-for-like versus FY 2020 and down (35)% like-for-like versus FY 2019. Letter from the CEO. Novotel Hyderabad Airport. The action you just performed triggered the security solution. 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. 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. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 01/03/2023 02:25 (Paris) 7.74 2.31%. 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. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. 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. 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. 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. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. 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. 2021 Consolidated Non-Financial Information. As a leader in the hospitality sector . Sustainability and innovation. Key Achievements-. Key considerations and . Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 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. 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. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. 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. 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. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 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. . incentive fees based on the hotel operating margin. 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. Luxury & Lifestyle. 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). Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 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. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 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. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . During the second half of 2021, the Group returned to a positive cash generation situation. 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 . 2021 Integrated report. 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. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Tel: 00 971 4 381 8888. All regions are now generating positive EBITDA. 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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). Live stock. The issues we are tackling are systemic, requiring supply chain and business transformation. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. . PDF 10.87MB; ESG Databook. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Two key issues to tackle will be food and buildings. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Ethics and Corporate Social Responsibility Charter. Planet 21 Season 1 [2011-2015]: a solid track record. Included in the Integrated Report (Section 6 - p. 120) Download. Guest Service Agent - Club Sofitel Lounge. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. RevPAR was down (49)% in FY 2021 compared with FY 2019. 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. 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 . In 2019, this bond had been partially redeemed for the amount of 350 million. Sustainability is integral to how we contribute to social value creation. The covenant was not tested on the two test dates of June 30 and December 31, 2021. 6/24/2020. 2020. Develops talent from within and a strong disciplinarian who leads by example. 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. 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. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We measure and report on our Scope 1, Scope 2 . Sustainable Food and Beverage. View File. Accor's sustainability approach includes initiatives at your hotel to . 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. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Operational waste. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. 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. Two key issues to tackle will be food and buildings. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. 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. Group revenue for the third quarter of 2021 came in at 589 million, up 79% as reported, and 79% like-for-like versus Q3 2020 (i.e., -40% compared with Q3 2019). The Group 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. 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. You can email the site owner to let them know you were blocked. 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. Here you can filter our content according to your activity and your interests. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Cloudflare Ray ID: 7a2f181ebecd86c6 Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. 11/23/2021 3 min. Read full report. 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. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. 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. +7 percentage points between the third and fourth quarters). The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Click to reveal Your IP: room and apartment distribution activities and managed properties). Press releases. PDF document. SUSTAINABILITY AND CSR REPORT 2019. 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. 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. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. 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. Click to reveal 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 action you just performed triggered the security solution. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. You can email the site owner to let them know you were blocked. Sustainability Disclosure 2021. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Cloudflare Ray ID: 7a2f18038eaaef6f of suppliers regard H&M Group as a fair business partner. 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. Many have lost their lives. 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. Accor AC - Euronext Paris. Accor Planet 21 Background . The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. It was a tough year for everyone. 12/16/2021 1 min. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . 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. 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 . THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. The Report can be accessed here. 40% of our Resort's hot water is heated by solar power. Planet 21 is AccorHotels' sustainability program which spans six key pillars including People, Guests, Partners, Communities, Buildings and Sustainable Food, with commitments aligned with the United Nation's Sustainable Development Goals. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Energy-saving guest room controls and building systems. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Sustainability. This SPAC successfully raised 300 million with a view to acquire one or more companies in sectors related to the core hotel business operated by Accor, The action you just performed triggered the security solution. Ben van Beurden, CEO. This website is using a security service to protect itself from online attacks. Included in the Integrated Report (Section 5 - p. 88) download. Performance & security by Cloudflare. Carbon Neutral Certificate by Farnek. 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. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Universal Registration Document. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. It describes the Company's sustainability platform, material focus areas, goals and results. Your IP: Performance & security by Cloudflare. The proceeds of this issue were partly used to refinance existing debt of 448 million with maturities in 2023 and 2024, through a Liability Management operation coupled to this bond issue. 12/28/2022. Strong growth in consolidated revenue. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. 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. Waste Reduction. accor sustainability report 2020meadowglen lane apartments. 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 report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Charlotte ThouvardSenior Vice President Group External CommunicationsAccor, 1995-2023 Hospitality Net All rights reserved Hospitality Net is powered by Hsyndicate, Accor's Third-quarter 2021 revenue of 589 million up 79% like-for-like, Accor CEO: Business is back, teams are back, desire is back.. . 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. Investor feedback suggests a yield in a mid-to-high 2% . Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). 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. It has affected so many people around the world. Water conservation measures in place. 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. Your IP: In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. 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.
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