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. Planet 21 [2016-2020] is structured into four areas of action enlisting its employees, customers, partners and local communities, and two priorities, namely food & beverage and buildings. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. It is core to our strategy and sits at the heart of everything we do. Korian Share. "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. This website is using a security service to protect itself from online attacks. 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. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. 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. 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 . Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Dec 2016 - Jan 20181 year 2 months. 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. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . 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. You can email the site owner to let them know you were blocked. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 11/23/2021 3 min. You can email the site owner to let them know you were blocked. This decline reflects an environment disrupted by the resurgence of the Covid-19 pandemic, despite a marked improvement in global business levels from April 2021. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. *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. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. At Accor, we ask our customers to reuse their towels. Your IP: Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Tel: 00 971 4 381 8888. 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. You can email the site owner to let them know you were blocked. 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. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. For 2022, the Group expects a net unit growth of 3.5%. 67.211.219.14 Energy-saving guest room controls and building systems. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Included in the Integrated Report (Section 5 - p. 88) download. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). This performance was linked to the recovery in business which reflected better absorption of fixed costs. 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. Live stock. You can email the site owner to let them know you were blocked. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. The Group controls this new entity through the ownership of a 66.67% stake. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. 75.119.192.80 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. Your IP: 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. 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. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. 6/24/2020. 2021 Consolidated Non-Financial Information. 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. Sustainable Food and Beverage. 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 Sustainable Hospitality Alliance brings together engaged hospitality companies and uses the collective power of the industry to deliver impact locally and on a global scale. During the second half of 2021, the Group returned to a positive cash generation situation. Waste Reduction. For further information, visit www.sustainablehospitalityalliance.org. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 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 . During 2021, Accor organically opened 288 hotels, representing 41,000 rooms, resulting in a net growth in the network of 3% over the 12-month period. It has affected so many people around the world. incentive fees based on the hotel operating margin. You can email the site owner to let them know you were blocked. 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, Senior Vice President Group External Communications. It was a tough year for everyone. 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. Full-Year 2022 Results. 47 million, largely due to the full consolidation of sbe since Q4 2020. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. the share of recycled materials used in our garments from 5.8% to 17.9%. 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. 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. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 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. At the end of 2021, 25% of leadership positions are filled by women. 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. Cloudflare Ray ID: 7a2f18038eaaef6f Planet 21 Season 1 [2011-2015]: a solid track record. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. +7 percentage points between the third and fourth quarters). The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. With the remit of defining, managing and coordinating the commitments, strategy and roll-out of Group action plans in terms of sustainable development, Brune Poirson joined Accor and its Executive Committee as Sustainable Development Director. All. 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). Double our percentage of women in leadership to 34%. Revenue Manager. The Group achieved solid results regarding the actions taken over the 2011-2015 period. . Sustainability and innovation. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. . 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. 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). The new system aims higher and is more accommodating as regards local specifics and operational realities. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. 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. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. The action you just performed triggered the security solution. The change in working capital requirement returned to close to breakeven. 12/16/2021 1 min. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Key Achievements-. Novotel Hyderabad Airport. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Today, we want to scale up our ambitions by banking on innovation and accountability. Their report is currently being prepared. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. 2011-2020 Huawei Consumer Business . 164.46.106.217 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. This website is using a security service to protect itself from online attacks. Wilmar International Limited - Asia's Leading Agribusiness Group After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 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). We measure and report on our Scope 1, Scope 2 . 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. 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. Accor Planet 21 Background . French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 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 document. Click to reveal The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . Your IP: By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. 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. 531 kb. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 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. 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. . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 193.32.208.109 Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. 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. 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. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. This report also includes a summary of how ITC's Sustainability 2.0 ambitions and priorities are contributing to the achievement of United Nation's Sustainable Development Goals (UN SDGs). For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Ethics and Corporate Social Responsibility Charter. Environmental Policy. 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. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Our teams are devoted to fighting against this evil and encourage their customers to do the same. Working together for a better future. 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. 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. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. made possible thanks to the work of our devoted teams Accor over the world. Increase in the Loyalty Mix. . Letter from the CEO. Operational waste. 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. Accor is a hotel management company founded in 1967 and based in Paris, France. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Two key issues to tackle will be food and buildings. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. 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. 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. Read full report. Develops talent from within and a strong disciplinarian who leads by example. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. The action you just performed triggered the security solution. View File. accor sustainability report 2020meadowglen lane apartments. Follow us on . 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. Two key issues to tackle will be food and buildings. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. View File. SUSTAINABILITY AND CSR REPORT 2018. The issues we are tackling are systemic, requiring supply chain and business transformation. 00:00. The Report can be accessed here. Press releases. 2022 Full-year results. Amcor 2019 GRI Report. 2021 Sustainability Report. Each year Loomis publishes an integrated annual and sustainability report. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. Our Future is About Sustainable Growth. 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. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Plant wall, fight against food waste, etc. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Sustainability. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 2018 Consolidated Non-Financial Information. 40% of our Resort's hot water is heated by solar power. 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. 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. Your IP: Cloudflare Ray ID: 7a2f1821ef190cc1 Each solution measures operational impact, costs and environmental performance . 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. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Organic waste diversion program in place. Innovation is integral to Kering's sustainability policy. Your IP: 2017 Report. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. reduction in plastic packaging. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . 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. Guest Service Agent - Club Sofitel Lounge. 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. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Cloudflare Ray ID: 7a2f181ebecd86c6 In 2019, this bond had been partially redeemed for the amount of 350 million. Many have lost their lives. 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. Key performance indicators. The . Water-efficient landscaping. 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. 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 . hide. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Click to reveal Here you can filter our content according to your activity and your interests. 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.. This website is using a security service to protect itself from online attacks. Melco recognized by global environmental disclosure system CDP as one of China's . Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. 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. A team leader who gets the best out of his staff. Responsible Business Report 2022. 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 . ), 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. Performance & security by Cloudflare. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Cloudflare Ray ID: 7a2f1819ababf6ad Mar 2021 - Apr 20221 year 2 months. This result contributes to creating a great place to work. The action you just performed triggered the security solution. 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. 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 . Morroco Ourika. Key considerations and . Included in the . The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. - Lacey Pfalz, Associate Writer, TravelPulse. Luxury & Lifestyle. 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 segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. It follows the GRI methodology and use selected Standards with a GRI .
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