accor sustainability report 2020

Responsible Business Report. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). 2021 Sustainability Report. Hyderabad Area, India. . Press Releases. Performance & security by Cloudflare. 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 . 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. The Report can be accessed here. The . . 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. 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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Sustainability; Home; . Sustainability and innovation. Innovation is integral to Kering's sustainability policy. 67.211.219.14 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. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Included in the . Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. It's our way of opening our doors and creating opportunities for all. Senior Vice President Group External Communications. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Mar 2021 - Apr 20221 year 2 months. You can email the site owner to let them know you were blocked. Plant wall, fight against food waste, etc. 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. Cloudflare Ray ID: 7a2f181ebecd86c6 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 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, CAC 40 - INDEXEURO. Letter from the CEO. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. You can email the site owner to let them know you were blocked. 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. Strong growth in consolidated revenue. reduction in plastic packaging. Eco-designed materials used in the bedrooms. Corporate Sustainability; . 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. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. 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. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Our Future is About Sustainable Growth. Guest Service Agent - Club Sofitel Lounge. All. The action you just performed triggered the security solution. Universal Registration Document. 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. Key Achievements-. Accor is concentrating its efforts on ensuring the return to profitability initiated in 2021, capitalizing on the activity rebound and the positive recurring impact from its RESET cost savings plan. During the second half of 2021, the Group returned to a positive cash generation situation. 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). 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. 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. 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. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). 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. 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 . - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. Quality Policy. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Our Future is About Sustainable Growth. We measure and report on our Scope 1, Scope 2 . 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. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Wilmar International Limited - Asia's Leading Agribusiness Group Read more >. View File. At the end of 2021, 25% of leadership positions are filled by women. Develops talent from within and a strong disciplinarian who leads by example. 2020. . Performance & security by Cloudflare. 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. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . 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. Cloudflare Ray ID: 7a2f1821ef190cc1 In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. The action you just performed triggered the security solution. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. +7 percentage points between the third and fourth quarters). Investor feedback suggests a yield in a mid-to-high 2% . incentive fees based on the hotel operating margin. PDF document. Working together for a better future. ), 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. The covenant was not tested on the two test dates of June 30 and December 31, 2021. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 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). 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. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. Sustainable Food and Beverage. At Accor, we ask our customers to reuse their towels. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. The program for 2020 was drawn up in consultation with the teams. RevPAR was down (49)% in FY 2021 compared with FY 2019. It was a tough year for Shell, but also a year when we set a clear path for our future. . 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. Organic waste diversion program in place. 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 was a tough year for everyone. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. 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. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. 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. You can email the site owner to let them know you were blocked. 531 kb. Accor. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Operational waste. 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. 00:00. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. It has affected so many people around the world. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . PDF document. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. 01/03/2023 02:25 (Paris) 7.74 2.31%. room and apartment distribution activities and managed properties). 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. We are working to reduce the environmental impacts of our operations through our EnviroAction program. Tel: 00 971 4 381 8888. Included in the Integrated Report (Section 6 - p. 120) Download. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. 2019 Sustainability Review. 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 . Ethics and Corporate Social Responsibility Charter. 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. ESG challenges - i.e., Environmental, Social and Governance (ESG . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Cloudflare Ray ID: 7a2f1819ababf6ad Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Environmental Policy. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 2021 Integrated report. The issues we are tackling are systemic, requiring supply chain and business transformation. *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. "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. Read Letter from the CEO. 2020 Consolidated Non-Financial Information. Cloudflare Ray ID: 7a2f1863d83a23d4 As a leader in the hospitality sector . In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 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. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. We also endeavour to incorporate stakeholder focus areas. 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 plan was the Groups way of encouraging the hospitality business to do 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. See stock description. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Sustainability Disclosure 2021. 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. 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. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . 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. 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. 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. 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. 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. Cloudflare Ray ID: 7a2f18038eaaef6f 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. After five years, the results of the first phase of the plan are very encouraging. Click to reveal 62.141.45.132 It describes the Company's sustainability platform, material focus areas, goals and results. 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. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. 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. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 2017 Report. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. Read full report. To provide a comparison with RevPAR (presented as the change versus FY 2019 throughout this release), the like-for-like decline in revenue versus FY 2019 is (42)%. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Sustainability is integral to how we contribute to social value creation. 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. Our teams are devoted to fighting against this evil and encourage their customers to do the same. Your IP: 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 . The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 164.46.106.217 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). Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. 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. 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. AccorHotels is a Group united by a shared passion for hospitality and driven by a shared promise to make everyone Feel Welcome.Over 190,000 women and men in 3,900 AccorHotels establishments look after thousands of guests every day in 92 countries.AccorHotels is the worlds leading hotel operator and offers its customers, partners and employees:- its dual expertise as a hotel operator and franchisor (HotelServices) and a hotel owner and investor (HotelInvest);- a large portfolio of internationally renowned brands covering the full spectrum, with luxury (Sofitel, Pullman, MGallery by Sofitel, Grand Mercure, The Sebel), midscale (Novotel, Suite Novotel, Mercure, Mama Shelter, Adagio) and economy (ibis, ibis Styles, ibis budget, adagio access and hotelF1) establishments;- a powerful marketplace and loyalty program: Le Club AccorHotels;- almost half a century of commitment to corporate citizenship and solidarity with the PLANET 21 program.Accor SA shares are listed on the Euronext Paris exchange (ISIN code: FR0000120404) and traded in the USA on the OTC marketplace (Code: ACRFY). The 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. September 21st, 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. 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. . Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable .