The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . Two key issues to tackle will be food and buildings. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. All regions are now generating positive EBITDA. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. 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. . Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. All. A sustainable commitment to improve your hotel's performance. Your IP: 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. Cloudflare Ray ID: 7a2f181b2b5e1623 The report covers the period 1 January to 31 December. Environment & CSR. Dec 2016 - Jan 20181 year 2 months. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Your IP: accor sustainability report 2020meadowglen lane apartments. ESG challenges - i.e., Environmental, Social and Governance (ESG . 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. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 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). Performance & security by Cloudflare. reduction in plastic packaging. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Guest Service Agent - Club Sofitel Lounge. 2022 Full-year results. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. This website is using a security service to protect itself from online attacks. Performance & security by Cloudflare. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. 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. Plant wall, fight against food waste, etc. 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. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Working together for a better future. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai
[email protected]. 12/28/2022. PDF document. . As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. 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). View File. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 2021 Integrated report. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 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. Wilmar International Limited - Asia's Leading Agribusiness Group Sustainability; Home; . RevPAR was down (49)% in FY 2021 compared with FY 2019. Corporate Sustainability; . This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. Melco recognized by global environmental disclosure system CDP as one of China's . Amcor 2019 GRI Report. CAC 40. This website is using a security service to protect itself from online attacks. Download Snacking Made Right ESG Report. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. As a leader in the hospitality sector . 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. 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. It was a tough year for Shell, but also a year when we set a clear path for our future. Operational waste. Responsible Business Report 2022. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. The fruit and vegetables from this garden are served in the restaurant. 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. Performance & security by Cloudflare. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. At the end of 2021, 25% of leadership positions are filled by women. 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. United Arab Emirates. Performance & security by Cloudflare. As of December 31, 2021, the average cost of Accors debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. This plan was the Groups way of encouraging the hospitality business to do revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 *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. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . The change in working capital requirement returned to close to breakeven. SUSTAINABILITY AND CSR REPORT 2019. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. 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. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. 47 million, largely due to the full consolidation of sbe since Q4 2020. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 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). The action you just performed triggered the security solution. The action you just performed triggered the security solution. 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). 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. Letter from the CEO. You can email the site owner to let them know you were blocked. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 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. 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)%. 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. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. Key performance indicators. 00:00. 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. Accor's unmatched position in lifestyle hospitality one of the fastest growing categories in the industry is led by Ennismore, a joint venture, which Accor holds a majority shareholding. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Quality Policy. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 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 . Water conservation measures in place. Cloudflare Ray ID: 7a2f1863d83a23d4 Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Sustainability. Our Future is About Sustainable Growth. Here you can filter our content according to your activity and your interests. Letter from the CEO. Included in the . For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. See stock description. It's our way of opening our doors and creating opportunities for all. Develops talent from within and a strong disciplinarian who leads by example. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Read Letter from the CEO. Universal Registration Document. Click to reveal 01/03/2023 02:25 (Paris) 7.74 2.31%. Sustainability is integral to how we contribute to social value creation. Key considerations and . In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Your IP: Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . 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. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. It has affected so many people around the world. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. During the second half of 2021, the Group returned to a positive cash generation situation. The action you just performed triggered the security solution. Amcor 2020 Sustainability Report. 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). 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. Accor is a hotel management company founded in 1967 and based in Paris, France. 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. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Follow us on . 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. PDF 10.87MB; ESG Databook. 2021 ESG REPORT. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Our 21st Sustainability Report covers the period 01 January 2021 . Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. 2019 Sustainability Review. "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. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . 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. 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. Our teams are devoted to fighting against this evil and encourage their customers to do the same. Sustainable Food and Beverage. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. 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. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Our Future is About Sustainable Growth. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . A team leader who gets the best out of his staff. 2020. Press releases. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Read full report. 531 kb. 6/24/2020. As of end of December 2021, combined . As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 193.32.208.109 Luxury & Lifestyle. We measure and report on our Scope 1, Scope 2 . 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. Morroco Ourika. This website is using a security service to protect itself from online attacks. We are working to reduce the environmental impacts of our operations through our EnviroAction program. 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 . New Businesses, included in this segment since early 2021, were close to break even 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. Environmental Sustainability Highlights 2019/2020 - Hyatt About In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. CAC 40 - INDEXEURO. Ethics and Corporate Social Responsibility Charter. 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. Included in the Integrated Report (Section 6 - p. 120) Download. 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. Korian Share. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Increase in the Loyalty Mix. Responsible Business Report. Performance & security by Cloudflare. Each solution measures operational impact, costs and environmental performance . Accor's sustainability approach includes initiatives at your hotel to . In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Investor feedback suggests a yield in a mid-to-high 2% . The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 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. 40% of our Resort's hot water is heated by solar power. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Revenue Manager. 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. This result contributes to creating a great place to work. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Their report is currently being prepared. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. 2020 Consolidated Non-Financial Information. hide. The Report can be accessed here. notably in the Food & Beverage segment, but also for flex office activities, wellness, entertainment and events as well as technologies linked to the hotel industry. 11/23/2021 3 min. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Solid and sustainable rebound. Water-efficient landscaping. Performance & security by Cloudflare. 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 . Each year Loomis publishes an integrated annual and sustainability report. - Lacey Pfalz, Associate Writer, TravelPulse. Senior Vice President Group External Communications. The issues we are tackling are systemic, requiring supply chain and business transformation. 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. The . For 2022, the Group expects a net unit growth of 3.5%. 217.61.142.251 Environmental Policy. 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. 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. 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. 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. 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. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. After five years, the results of the first phase of the plan are very encouraging. This website is using a security service to protect itself from online attacks. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. The 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. 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. Sustainability Disclosure 2021. Mar 2021 - Apr 20221 year 2 months. You can email the site owner to let them know you were blocked. 2021 Sustainability Report. The action you just performed triggered the security solution.
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