accor sustainability report 2020

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. Your IP: You can email the site owner to let them know you were blocked. Performance & security by Cloudflare. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Our 21st Sustainability Report covers the period 01 January 2021 . Planet 21 allowed the Group to unite its teams and engage its guests and partners in a structured approach which is recognized by several ethical stock market indices. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . 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). 00:00. Dec 2016 - Jan 20181 year 2 months. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. PDF document. 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. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. Performance & security by Cloudflare. . 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. 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. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Cloudflare Ray ID: 7a2f18038eaaef6f Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Download Snacking Made Right ESG Report. 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 SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States. . 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. 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). Revenue Manager. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. The covenant was not tested on the two test dates of June 30 and December 31, 2021. 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. Korian Share. reduction in plastic packaging. . 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). Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. See stock description. Your IP: 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. Today, we want to scale up our ambitions by banking on innovation and accountability. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. 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. Plant wall, fight against food waste, etc. Performance & security by Cloudflare. 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. 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. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. You can email the site owner to let them know you were blocked. 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. Environment & CSR. Performance & security by Cloudflare. A team leader who gets the best out of his staff. 2011-2020 Huawei Consumer Business . 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. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 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. 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. Accor. Letter from the CEO. The assessment included seeking internal and external stakeholder feedback. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. They work with leading hospitality companies and strategic partners to address key challenges affecting our planet and its people, and develop practical resources and programmes to enable the wider industry to operate responsibly and grow sustainably. 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. We measure and report on our Scope 1, Scope 2 . 40% of our Resort's hot water is heated by solar power. The action you just performed triggered the security solution. of suppliers regard H&M Group as a fair business partner. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . 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. 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 action you just performed triggered the security solution. 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. . Click to reveal 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. 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. Click to reveal Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Hyderabad Area, India. the share of recycled materials used in our garments from 5.8% to 17.9%. Each year Loomis publishes an integrated annual and sustainability report. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . You can email the site owner to let them know you were blocked. 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. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Innovation is integral to Kering's sustainability policy. The . Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Responsible Business Report. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. . 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. Your IP: Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! 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. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. Press releases. The action you just performed triggered the security solution. 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. 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. 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. 62.141.45.132 Your IP: Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . 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. Here you can filter our content according to your activity and your interests. Two key issues to tackle will be food and buildings. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. You can email the site owner to let them know you were blocked. Water-efficient landscaping. 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. 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. 47 million, largely due to the full consolidation of sbe since Q4 2020. 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. It is one of four key enablers to deliver our Strategic Plan. Premium, Midscale, Economy. 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. 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. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 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)%. 531 kb. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. This website is using a security service to protect itself from online attacks. 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. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. After five years, the results of the first phase of the plan are very encouraging. 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. 12/16/2021 1 min. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. 11/23/2021 3 min. 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. We are working to reduce the environmental impacts of our operations through our EnviroAction program. PDF 10.87MB; ESG Databook. Develops talent from within and a strong disciplinarian who leads by example. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. We also endeavour to incorporate stakeholder focus areas. 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. View File. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts Savings made on water and energy are used to fund tree planting.One tree is planted every minute. 2021 ESG REPORT. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. 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 . The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Click to reveal For 2022, the Group expects a net unit growth of 3.5%. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. This website is using a security service to protect itself from online attacks. Sustainable Food and Beverage. 2020. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. The fruit and vegetables from this garden are served in the restaurant. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Guest Service Agent - Club Sofitel Lounge. Initiatives to cut fixed costs were partially offset by weaker government subsidies than a year earlier, but nevertheless also continued to have a positive impact. "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. As of end of December 2021, combined . HotelServices EBITDA was positive at 93 million for 2021. Amcor 2019 GRI Report. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive You can email the site owner to let them know you were blocked. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. During the second half of 2021, the Group returned to a positive cash generation situation. Recycling program in place. Your IP: 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. Novotel Hyderabad Airport. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. 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.. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2018 Consolidated Non-Financial Information. Sustainability Disclosure 2021. 00:00. Investor feedback suggests a yield in a mid-to-high 2% . Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 217.61.142.251 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Cloudflare Ray ID: 7a2f1821ef190cc1 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. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. . These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Each solution measures operational impact, costs and environmental performance . 2021 Sustainability Report. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Two key issues to tackle will be food and buildings. 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. Wilmar International Limited - Asia's Leading Agribusiness Group 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. Environmental Sustainability Highlights 2019/2020 - Hyatt About It reinforces some of the Groups fundamental commitments, such as curbing its environmental footprint, and identifies new objectives which dovetail with both the changes to the business model and its strategic priorities, such as Food & Beverage and the sustainable management of its property portfolio through HotelInvest. Read full report. Accor's sustainability approach includes initiatives at your hotel to . In the Americas, the improvement in RevPAR was also noteworthy (+18 percentage points between the third and fourth quarters) which translated into a FY 2021 RevPAR down (46)% compared with FY 2019. The action you just performed triggered the security solution. 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). Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 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. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . 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. Click to reveal 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. The issues we are tackling are systemic, requiring supply chain and business transformation. - Lacey Pfalz, Associate Writer, TravelPulse. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 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. Responsible Business Report 2022. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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 . Click to reveal There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Solid and sustainable rebound. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. 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. In 2019, this bond had been partially redeemed for the amount of 350 million. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Click to reveal Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Waste Reduction. Performance & security by Cloudflare. 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).