accor sustainability report 2020 accor sustainability report 2020

Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. Double our percentage of women in leadership to 34%. It's our way of opening our doors and creating opportunities for all. RevPAR was down (49)% in FY 2021 compared with FY 2019. 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. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Letter from the CEO. Melbourne, Victoria, Australia. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. 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. . Click to reveal It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 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 . This website is using a security service to protect itself from online attacks. 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. 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. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. Included in the . +7 percentage points between the third and fourth quarters). Premium, Midscale, Economy. 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. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. Cloudflare Ray ID: 7a2f1819ababf6ad Tel: 00 971 4 381 8888. During the second half of 2021, the Group returned to a positive cash generation situation. SUSTAINABILITY AND CSR REPORT 2019. 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. Hyderabad Area, India. This website is using a security service to protect itself from online attacks. It is core to our strategy and sits at the heart of everything we do. 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. . 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. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 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. 2020. The issues we are tackling are systemic, requiring supply chain and business transformation. 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.. 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. 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. 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. 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. 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. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. 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. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. 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. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . The program for 2020 was drawn up in consultation with the teams. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). 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, In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. 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. 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's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. CAC 40 - INDEXEURO. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. of suppliers regard H&M Group as a fair business partner. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . The fruit and vegetables from this garden are served in the restaurant. Included in the Integrated Report (Section 6 - p. 120) Download. 2011-2020 Huawei Consumer Business . Press releases. As of end of December 2021, combined with the two undrawn credit facilities of 1.8 billion, Accor had a liquidity position of 3.4 billion. Each solution measures operational impact, costs and environmental performance . During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. Two key issues to tackle will be food and buildings. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. 62.141.45.132 . 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. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 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. 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. Performance & security by Cloudflare. A team leader who gets the best out of his staff. Follow us on . In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. 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 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We also endeavour to incorporate stakeholder focus areas. Performance & security by Cloudflare. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 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. 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. A sustainable commitment to improve your hotel's performance. 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. This result contributes to creating a great place to work. 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. 2021 Consolidated Non-Financial Information. 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. PDF document. . 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. 6/24/2020. 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. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 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. Recycling program in place. The Report can be accessed here. 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. Waste Reduction. Novotel Hyderabad Airport. Eco-designed materials used in the bedrooms. 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. Read more >. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Guest Service Agent - Club Sofitel Lounge. It was a tough year for everyone. You can email the site owner to let them know you were blocked. All. 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. Water conservation measures in place. Develops talent from within and a strong disciplinarian who leads by example. At Shell, we are doing everything we can to help in the global response to the virus. 01/03/2023 02:25 (Paris) 7.74 2.31%. Included in the Integrated Report (Section 5 - p. 88) download. Your IP: Our solid performances were achieved owing to the strength of our brands, our financial discipline and the sterling efforts of our teams who, throughout the year, demonstrated determination, tenacity and generosity. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. the share of recycled materials used in our garments from 5.8% to 17.9%. Plant wall, fight against food waste, etc. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Amcor 2019 GRI Report. 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. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. 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). 2021 Sustainability Report. 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. 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. 12/16/2021 1 min. The Group strives to act for "positive hospitality" and has set ambitious objectives, structured around four strategic pillars: working with our teams, involving our clients . Morroco Ourika. Environment & CSR. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Your IP: Strong growth in consolidated revenue. Water-efficient landscaping. Ben van Beurden, CEO. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. It follows the GRI methodology and use selected Standards with a GRI . Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. 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 . Full-Year 2022 Results. Accor. PDF document. Cloudflare Ray ID: 7a2f18038eaaef6f It describes the Company's sustainability platform, material focus areas, goals and results. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. 16.3 mb. Your IP: 47 million, largely due to the full consolidation of sbe since Q4 2020. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. Our teams are devoted to fighting against this evil and encourage their customers to do the same. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Sustainability is integral to how we contribute to social value creation. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. 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 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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. . 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. Your IP: Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Working together for a better future. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . 75.119.192.80 Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2021 ESG REPORT. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Click on the brand of your choice if you want to filter the benefits. 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. 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. Corporate Sustainability; . Ethics and Corporate Social Responsibility Charter. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). This performance was linked to the recovery in business which reflected better absorption of fixed costs. 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. 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. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . 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. Senior Vice President Group External Communications. 00:00. 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. As a leader in the hospitality sector . Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Investor feedback suggests a yield in a mid-to-high 2% . 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). Live stock. For further information, visit www.sustainablehospitalityalliance.org. 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. After five years, the results of the first phase of the plan are very encouraging. 2019 Sustainability Review. 2017 Report. Accor's sustainability approach includes initiatives at your hotel to . 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, 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 . Click to reveal 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. 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. Performance & security by Cloudflare. We measure and report on our Scope 1, Scope 2 . 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. The action you just performed triggered the security solution. 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. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States.