accor sustainability report 2020

Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. 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. The issues we are tackling are systemic, requiring supply chain and business transformation. Shell Sustainability Report 2020 - Home This website is using a security service to protect itself from online attacks. Performance & security by Cloudflare. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Accor is a hotel management company founded in 1967 and based in Paris, France. 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. 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. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. The change in working capital requirement returned to close to breakeven. . 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. The . 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. 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. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. . 75.119.192.80 Our Future is About Sustainable Growth. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Accor - Commitment 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 . 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. Key Achievements-. 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). This performance was linked to the recovery in business which reflected better absorption of fixed costs. 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. Cloudflare Ray ID: 7a2f181ebecd86c6 of suppliers regard H&M Group as a fair business partner. 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. 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. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Sustainability. Live stock. Click to reveal 2020. Today, we want to scale up our ambitions by banking on innovation and accountability. This redemption was notably funded through the issuance of bonds convertible and/or exchangeable into new and/or existing shares (OCEANEs) on December 7, 2020. Accor reaffirms its net-zero commitment and signs two new initiatives Click to reveal Letter from the CEO. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Carbon Neutral Certificate by Farnek. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Cloudflare Ray ID: 7a2f1819ababf6ad 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. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. You can email the site owner to let them know you were blocked. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Each year Loomis publishes an integrated annual and sustainability report. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. 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. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . 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. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). 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. Environment & CSR. 2021 Consolidated Non-Financial Information. Cloudflare Ray ID: 7a2f1821ef190cc1 Sustainability and diversity detailed in new AccorHotels report You can email the site owner to let them know you were blocked. 01/03/2023 02:25 (Paris) 7.74 2.31%. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. The action you just performed triggered the security solution. It is core to our strategy and sits at the heart of everything we do. Water-efficient landscaping. 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. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. Included in the . View File. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . 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. 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). 11/23/2021 3 min. Green Hotel Dubai | Sustainable Practices | Four Seasons Resort The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. accor sustainability report 2020meadowglen lane apartments. Annual Reports and Responsible Business Reports Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. AccorHotels, the world's leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 16.3 mb. Read full report. 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. Marriott International Reports on Environmental, Social, and Governance Sustainability and ESG - Accsys Technologies Environmental Sustainability Highlights 2019/2020 - Hyatt About Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. Premium, Midscale, Economy. 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 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. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. 12/16/2021 1 min. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. 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. Hilton - TRAVEL WITH PURPOSE Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. 2020 Consolidated Non-Financial Information. The action you just performed triggered the security solution. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Luxury & Lifestyle. 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 . . The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Cloudflare Ray ID: 7a2f181b2b5e1623 Two key issues to tackle will be food and buildings. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . 2017 Report. 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. 00:00. The fruit and vegetables from this garden are served in the restaurant. Environment & CSR - Accor hide. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. ESG challenges - i.e., Environmental, Social and Governance (ESG . Innovation is integral to Kering's sustainability policy. . 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. 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. Accor's Full-Year 2021 Results: Significant rebound in activity Since early 2021, this segment includes New Businesses (concierge services, luxury home rentals, private sales of hotel stays and digital services for hotel owners) which continue to be affected in different ways, ranging from the severely affected businesses directly related to the Travel sector, such as onefinestays private home rentals, to the digital businesses, such as the services provided by D-Edge. PDF document. Sustainability Reporting - H&M Group Accor AC - Euronext Paris. Mar 2021 - Apr 20221 year 2 months. Here you can filter our content according to your activity and your interests. Accor: Our Planet 21 sustainable development program You can email the site owner to let them know you were blocked. Third-quarter 2021 revenue of 589 million up 79% like-for-like | Accor Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Click to reveal 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). 2018 Consolidated Non-Financial Information. . Senior Vice President Group External Communications. The Report can be accessed here. Full-Year 2022 Results. Waste Reduction. At the end of 2021, 25% of leadership positions are filled by women. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. This website is using a security service to protect itself from online attacks. A sustainable commitment to improve your hotel's performance. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 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. This plan was the Groups way of encouraging the hospitality business to do "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 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 164.46.106.217 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. 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. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. PDF 2.23MB - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Their report is currently being prepared. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. The Group achieved solid results regarding the actions taken over the 2011-2015 period. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. made possible thanks to the work of our devoted teams Accor over the world. Your IP: Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Accor - Shareholders & Investors Planet 21 Season 1 [2011-2015]: a solid track record. 2019 Sustainability Review. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 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. 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). Sustainability is integral to how we contribute to social value creation. We are working to reduce the environmental impacts of our operations through our EnviroAction program. Water conservation measures in place. Sustainability Report | Central Plaza Hotel (CENTEL) 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. 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. Environmental, Social, and Governance (ESG) - Coupa 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. 62.141.45.132 Many have lost their lives. We share our vision of digital transformation with purpose, our strategy and our . PDF 10.87MB; ESG Databook. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. 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. 2021 Integrated report. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Sustainability report | Loomis RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. 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. Accor Joins the Sustainable Hospitality Alliance | TravelPulse 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. Performance & security by Cloudflare. 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. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Ben van Beurden, CEO. Globally, there is a trend towards technical alignment among the five leading global sustainability reporting framework developers and standards-setters - CDP, Climate Disclosure Standards Board (CDSB), Global Reporting Initiative (GRI), International Integrated Reporting Council (IIRC) and Sustainability Accounting Standards Board (SASB) - known collectively as the Group of Five. 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 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). There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. This number reflects an improvement compared with more than 70 million targeted initially, thanks to the implementation of the staff redundancy plan and tight control of consultant costs. All regions are now generating positive EBITDA. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Develops talent from within and a strong disciplinarian who leads by example. 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. It follows the GRI methodology and use selected Standards with a GRI . Performance & security by Cloudflare. Solid and sustainable rebound. . 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. Morroco Ourika. 2019: Strong results and a successful transformation | Accor - Newsroom 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. 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, The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. 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. Performance & security by Cloudflare. Allianz Sustainability Report Accor joins global sustainability network, the Sustainable Hospitality As a leader in the hospitality sector . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. The new system aims higher and is more accommodating as regards local specifics and operational realities. AccorHotels takes its corporate responsibility to the next level with