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. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. 00:00. Read Letter from the CEO. InterContinental Hotels Group Corporate Responsibility | IHG Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). 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. Investor feedback suggests a yield in a mid-to-high 2% . 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. Accor is a hotel management company founded in 1967 and based in Paris, France. 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. Sustainability Reports | Amcor We measure and report on our Scope 1, Scope 2 . Hilton - TRAVEL WITH PURPOSE AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 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. This website is using a security service to protect itself from online attacks. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! Annual Reports and Responsible Business Reports Sustainability special report | Kering Our Future is About Sustainable Growth - Accor 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. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Accor Planet 21 Background . 16.3 mb. of suppliers regard H&M Group as a fair business partner. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Accor's Full-Year 2021 Results: Significant rebound in activity 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. 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. Allianz Sustainability Report It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. United Arab Emirates. 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. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Environmental, Social, and Governance (ESG) - Coupa It was a tough year for everyone. Eco-designed materials used in the bedrooms. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Third-quarter 2021 revenue of 589 million up 79% like-for-like | Accor 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. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Sustainability Report | Central Plaza Hotel (CENTEL) 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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. ), 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. 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. At Accor, we ask our customers to reuse their towels. You can email the site owner to let them know you were blocked. 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. 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. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . 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. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Cloudflare Ray ID: 7a2f1821ef190cc1 2021 ESG REPORT. Accor : 2021 Integrated report | MarketScreener Sustainability & Environmental Responsibility | Social - Gore On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Sustainability Reporting - H&M Group Sustainability. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. 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)%. Your IP: 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. Two key issues to tackle will be food and buildings. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. During the second half of 2021, the Group returned to a positive cash generation situation. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. Ethics and Corporate Social Responsibility Charter. 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. . Morroco Ourika. PDF 2.23MB 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. The issues we are tackling are systemic, requiring supply chain and business transformation. 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. Performance & security by Cloudflare. Click on the brand of your choice if you want to filter the benefits. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. 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. See stock description. 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. Mercure Dubai Barsha Heights - Sustainability 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. 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. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. Develops talent from within and a strong disciplinarian who leads by example. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Your IP: Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. Cloudflare Ray ID: 7a2f18038eaaef6f This website is using a security service to protect itself from online attacks. This SPAC successfully raised 300 million with a view to acquire one or more companies in sectors related to the core hotel business operated by Accor, For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. . Sustainability; Home; . Click to reveal ESG challenges - i.e., Environmental, Social and Governance (ESG . The . View File. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Accor says stop to single-use plastic in its hotels by 2022 - English PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. Sustainability and diversity detailed in new AccorHotels report Responsible Business - InterContinental Hotels Group PLC Click to reveal The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Revenue Manager. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Planet 21 Season 1 [2011-2015]: a solid track record. Each solution measures operational impact, costs and environmental performance . Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. Over 68 million members benefit from the companys comprehensive loyalty program ALL - Accor Live Limitless - a daily Lifestyle companion that provides access to a wide variety of rewards, services and experiences. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. 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). Jon Warmington - General Manager - Accor | LinkedIn The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. It's our way of opening our doors and creating opportunities for all. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Included in the Integrated Report (Section 5 - p. 88) download. 62.141.45.132 Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. PDF Environmental Sustainability Highlights 2019/2020 - Hyatt About The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . Hyderabad Area, India. 2019: Strong results and a successful transformation | Accor - Newsroom You can email the site owner to let them know you were blocked. 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. Accor joins global sustainability network, the Sustainable Hospitality 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. 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. For further information, visit www.sustainablehospitalityalliance.org. Dec 2016 - Jan 20181 year 2 months. 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. This plan was the Groups way of encouraging the hospitality business to do Solid and sustainable rebound. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. The action you just performed triggered the security solution. Mar 2021 - Apr 20221 year 2 months. Korian Share. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Water-efficient landscaping. 67.211.219.14 PDF 10.87MB; ESG Databook. 2020. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Plant wall, fight against food waste, etc. You can email the site owner to let them know you were blocked. As a leader in the hospitality sector . The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. Senior Vice President Group External Communications. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. . 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. Our 21st Sustainability Report covers the period 01 January 2021 . Reports and Policies - Huawei The Report can be accessed here. 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. 40% of our Resort's hot water is heated by solar power. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. *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. Melbourne, Victoria, Australia. 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.. . Accor's sustainability approach includes initiatives at your hotel to . 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. While business in Saudi Arabia remained held back by tight restrictions weighing on pilgrimages, the United Arab Emirates benefit from demand linked to Expo 2021 which started from October 1, 2021. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. The Group strives to act for "positive hospitality" and has set ambitious objectives, structured around four strategic pillars: working with our teams, involving our clients . 11/23/2021 3 min. Luxury & Lifestyle. Accor Joins the Sustainable Hospitality Alliance | TravelPulse 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. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Sustainability Report 2022 | Amcor Sbastien Bazin, Chairman and Chief Executive Officer of Accor, said:Despite a disrupted start of the year due to overall health restrictions, 2021 showed significant improvement in our business, as of the spring, with trends picking-up month after month right up to December. CDL Integrated Sustainability Report 2021 spotlights an adaptable and Premium, Midscale, Economy. 2021 Consolidated Non-Financial Information. 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. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Accor - Commitment

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