Mar 2021 - Apr 20221 year 2 months. 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. 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. A team leader who gets the best out of his staff. PDF 2.23MB made possible thanks to the work of our devoted teams Accor over the world. 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). Our 21st Sustainability Report covers the period 01 January 2021 . Investor feedback suggests a yield in a mid-to-high 2% . 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts PDF document. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 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. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. It describes the Company's sustainability platform, material focus areas, goals and results. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). The action you just performed triggered the security solution. The change in working capital requirement returned to close to breakeven. Click to reveal 16.3 mb. Today, we want to scale up our ambitions by banking on innovation and accountability. 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. Luxury & Lifestyle. A sustainable commitment to improve your hotel's performance. The fruit and vegetables from this garden are served in the restaurant. Many have lost their lives. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Responsible Business Report. Full-Year 2022 Results. . CAC 40 - INDEXEURO. 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 . Recycling program in place. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. Corporate Sustainability; . As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. 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%. Follow us on . RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. of suppliers regard H&M Group as a fair business partner. The action you just performed triggered the security solution. 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's sustainability approach includes initiatives at your hotel to . THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. 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. Click to reveal Revenue Manager. 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. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. 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. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). 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. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. 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. Click on the brand of your choice if you want to filter the benefits. You can email the site owner to let them know you were blocked. 531 kb. 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. 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). It's our way of opening our doors and creating opportunities for all. Each solution measures operational impact, costs and environmental performance . reduction in plastic packaging. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. 2018 Consolidated Non-Financial Information. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Their report is currently being prepared. Key Achievements-. Two key issues to tackle will be food and buildings. The Group controls this new entity through the ownership of a 66.67% stake. For 2022, the Group expects a net unit growth of 3.5%. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. View File. Download Snacking Made Right ESG Report. 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. Accor. 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. United Arab Emirates. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Waste Reduction. Your IP: The Group achieved solid results regarding the actions taken over the 2011-2015 period. ), 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. Universal Registration Document. . This plan was the Groups way of encouraging the hospitality business to do 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Cloudflare Ray ID: 7a2f1819ababf6ad Live stock. HotelServices EBITDA was positive at 93 million for 2021. 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. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. 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. 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. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Click to reveal Performance & security by Cloudflare. Our Future is About Sustainable Growth. Sustainability and innovation. Your IP: The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Read full report. 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. The report covers the period 1 January to 31 December. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 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). Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). 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. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Press Releases. Sustainability. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. 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. Quality Policy. 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. At Shell, we are doing everything we can to help in the global response to the virus. 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. PDF document. Performance & security by Cloudflare. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. This transaction completed the Liability Management operation initiated with the successful placement on November 18, 2021, of an inaugural Sustainability-Linked Bond issue indexed on the Groups sustainable development targets for an amount of 700 million (7-year maturity, 2.375% coupon). Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 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. It has affected so many people around the world. 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). 193.32.208.109 Coupa provides a unified, cloud-based spend management platform that connects hundreds of . 67.211.219.14 On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. . 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. Innovation is integral to Kering's sustainability policy. Accor is deeply committed to sustainable value creation and plays an active role in giving back to planet and community via its Planet 21 Acting Here program and the Accor Solidarity endowment fund, which gives disadvantaged groups access to employment through professional training. Double our percentage of women in leadership to 34%. For further information, visit www.sustainablehospitalityalliance.org. During the first quarter of 2021, two capital increases were completed for the amounts of 150 million (of which 45 million for Accor) and of 327 million (of which 109 million for Accor). The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. It is core to our strategy and sits at the heart of everything we do. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. . Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 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. September 21st, 2021. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. You can email the site owner to let them know you were blocked. 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. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . This performance was linked to the recovery in business which reflected better absorption of fixed costs. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . 217.61.142.251 Accor is a hotel management company founded in 1967 and based in Paris, France. This website is using a security service to protect itself from online attacks. "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. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. 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. This result contributes to creating a great place to work. Click to reveal Key considerations and . Click to reveal In general, the sharper decline in M&F revenue compared to RevPAR (down (46)% over FY 2021 versus FY 2019) can be attributed to the strong decrease in incentive fees based on the hotel operating margin generated from management contracts. During the second half of 2021, the Group returned to a positive cash generation situation. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. At the end of 2021, 25% of leadership positions are filled by women. room and apartment distribution activities and managed properties). revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 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. Included in the . 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. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. 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. Accor AC - Euronext Paris. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. 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. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. SUSTAINABILITY AND CSR REPORT 2018. Your IP: 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. 40% of our Resort's hot water is heated by solar power. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. 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. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 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. 12/16/2021 1 min. 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. 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. 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. 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. 62.141.45.132 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. RevPAR was down (49)% in FY 2021 compared with FY 2019. This website is using a security service to protect itself from online attacks. 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, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 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. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. 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. Premium, Midscale, Economy. After five years, the results of the first phase of the plan are very encouraging. Click to reveal Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. Letter from the CEO. 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. Korian Share. the share of recycled materials used in our garments from 5.8% to 17.9%. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. 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. PDF 10.87MB; ESG Databook. This website is using a security service to protect itself from online attacks. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Sustainable Food and Beverage. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Here you can filter our content according to your activity and your interests. Read Letter from the CEO. 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.
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