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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. Ben van Beurden, CEO. Your IP: We also endeavour to incorporate stakeholder focus areas. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. 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. South Europe, driven by France, reported a (41)% decline in RevPAR over 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. The . This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. Your IP: WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. 40% of our Resort's hot water is heated by solar power. The action you just performed triggered the security solution. RevPAR was down (49)% in FY 2021 compared with FY 2019. 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. Your IP: Key performance indicators. 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. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. 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. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. 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. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 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. 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. . 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. Environment & CSR. Click on the brand of your choice if you want to filter the benefits. 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. A team leader who gets the best out of his staff. 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. 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 share of recycled materials used in our garments from 5.8% to 17.9%. This website is using a security service to protect itself from online attacks. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Energy-saving guest room controls and building systems. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 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. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Luxury & Lifestyle. 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. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. Letter from the CEO. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. 2021 Integrated report. Our 21st Sustainability Report covers the period 01 January 2021 . 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 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. 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. 2022 Full-year results. - Novotel offers eco-designed beds made from wood sourced from sustainably-managed forests (FSC certified), as well as bedspreads and pillowcases made from recycled bottles. . Amcor 2019 GRI Report. 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. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. ESG challenges - i.e., Environmental, Social and Governance (ESG . Sustainability and innovation. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Two key issues to tackle will be food and buildings. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Their report is currently being prepared. 11/23/2021 3 min. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Performance & security by Cloudflare. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . The assessment included seeking internal and external stakeholder feedback. ), 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 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. We are working to reduce the environmental impacts of our operations through our EnviroAction program. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 75.119.192.80 PDF 10.87MB; ESG Databook. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Read Letter from the CEO. Live stock. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. 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. It has affected so many people around the world. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. You can email the site owner to let them know you were blocked. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. The action you just performed triggered the security solution. 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 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 . 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. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. 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. For 2022, the Group expects a net unit growth of 3.5%. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . You can email the site owner to let them know you were blocked. 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. 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. Sustainable Food and Beverage. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. This performance was linked to the recovery in business which reflected better absorption of fixed costs. 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 . Accor Planet 21 Background . 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. Novotel Hyderabad Airport. of suppliers regard H&M Group as a fair business partner. Guest Service Agent - Club Sofitel Lounge. Each year Loomis publishes an integrated annual and sustainability report. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Investor feedback suggests a yield in a mid-to-high 2% . 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. 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. Sustainability; Home; . Working together for a better future. 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 . 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. 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. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. 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. 00:00. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Strong growth in consolidated revenue. . CAC 40. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. The action you just performed triggered the security solution. Your IP: This increase reflected the sharp recovery in business during the second half of the year. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. 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. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. 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. 47 million, largely due to the full consolidation of sbe since Q4 2020. 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. 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. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. "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. 00:00. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. 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. Click to reveal The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Plant wall, fight against food waste, etc. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. All regions are now generating positive EBITDA. room and apartment distribution activities and managed properties). After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. 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. 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 decline reflects an environment disrupted by the resurgence of the Covid-19 pandemic, despite a marked improvement in global business levels from April 2021. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Ethics and Corporate Social Responsibility Charter. 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. You can email the site owner to let them know you were blocked. Water conservation measures in place. accor sustainability report 2020meadowglen lane apartments. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . 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. 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). Download Snacking Made Right ESG Report. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. reduction in plastic packaging. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. This plan was the Groups way of encouraging the hospitality business to do Quality Policy. Increase in the Loyalty Mix. 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. 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. It's our way of opening our doors and creating opportunities for all. 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. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. Here you can filter our content according to your activity and your interests. This website is using a security service to protect itself from online attacks. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. Universal Registration Document. 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. 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. 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. Included in the . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Recycling program in place. Carbon Neutral Certificate by Farnek. 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. At the end of 2021, 25% of leadership positions are filled by women. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . . Responsible Business Report 2022. Cloudflare Ray ID: 7a2f1863d83a23d4 Wilmar International Limited - Asia's Leading Agribusiness Group Cloudflare Ray ID: 7a2f1821ef190cc1 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. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Today, we want to scale up our ambitions by banking on innovation and accountability. The Report can be accessed here. +7 percentage points between the third and fourth quarters). 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. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Our Future is About Sustainable Growth. Environmental Policy. 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)%. Environmental Sustainability Highlights 2019/2020 - Hyatt About To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 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. You can email the site owner to let them know you were blocked. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Waste Reduction. Premium, Midscale, Economy. 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. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. made possible thanks to the work of our devoted teams Accor over the world. A sustainable commitment to improve your hotel's performance. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 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. The new system aims higher and is more accommodating as regards local specifics and operational realities. 12/28/2022. Amcor 2020 Sustainability Report. Performance & security by Cloudflare. For further information, visit www.sustainablehospitalityalliance.org. During the second half of 2021, the Group returned to a positive cash generation situation. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Cloudflare Ray ID: 7a2f181b2b5e1623 Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Included in the Integrated Report (Section 6 - p. 120) Download. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. View File. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . 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. incentive fees based on the hotel operating margin. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. This website is using a security service to protect itself from online attacks. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. It describes the Company's sustainability platform, material focus areas, goals and results. Our Future is About Sustainable Growth. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. It follows the GRI methodology and use selected Standards with a GRI . See stock description. As a leader in the hospitality sector . 193.32.208.109 and its hotels to measure and improve its sustainability performance long-term with specific goals. 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.