Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. 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. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. 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. 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. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. reduction in plastic packaging. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Energy-saving guest room controls and building systems. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. 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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Read Letter from the CEO. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Working together for a better future. It has affected so many people around the world. Read full report. 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. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. See stock description. The Group controls this new entity through the ownership of a 66.67% stake. +7 percentage points between the third and fourth quarters). PDF document. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. This website is using a security service to protect itself from online attacks. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. This result contributes to creating a great place to work. 164.46.106.217 . 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 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. Korian Share. of suppliers regard H&M Group as a fair business partner. 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 is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Morroco Ourika. After adding a record 45,108 rooms (327 hotels) on an organic basis during the period, including 12,954 rooms (65 hotels) in the Luxury segment, Accor had a portfolio of 739,537 rooms (5,036 hotels) and a pipeline of 208,000 rooms (1,206 hotels) at December 31, 2019, of which 76% in emerging markets. 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. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 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. Melbourne, Victoria, Australia. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. At the end of 2021, 25% of leadership positions are filled by women. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive We share our vision of digital transformation with purpose, our strategy and our . 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. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. You can email the site owner to let them know you were blocked. 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. The action you just performed triggered the security solution. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). incentive fees based on the hotel operating margin. Responsible Business Report 2022. Included in the Integrated Report (Section 6 - p. 120) Download. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. 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. Cloudflare Ray ID: 7a2f1821ef190cc1 We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts Today, we want to scale up our ambitions by banking on innovation and accountability. For 2022, the Group expects a net unit growth of 3.5%. We also endeavour to incorporate stakeholder focus areas. Organic waste diversion program in place. RevPAR was down (49)% in FY 2021 compared with FY 2019. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Click to reveal Performance & security by Cloudflare. 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. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . 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. The program for 2020 was drawn up in consultation with the teams. 00:00. Develops talent from within and a strong disciplinarian who leads by example. The action you just performed triggered the security solution. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. 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. The Company's brands include: Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, ibis, all seasons, Etap hotel, hotelF1, Motel6, as well as Thalassa sea & spa, and Lentre. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. Performance & security by Cloudflare. 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). and Goals pdf 137671 BHP Climate Transition Action Plan 2021 pdf 2677572 BHP Climate Change Report 2020 pdf 3112031 BHP Scope 1, 2 and 3 GHG Emissions . The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. 531 kb. The assessment included seeking internal and external stakeholder feedback. 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. Revenue Manager. Cloudflare Ray ID: 7a2f18038eaaef6f Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. 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 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. "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. Our Future is About Sustainable Growth. 217.61.142.251 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. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. As a leader in the hospitality sector . For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. 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. 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. Planet 21 Season 1 [2011-2015]: a solid track record. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. We are working to reduce the environmental impacts of our operations through our EnviroAction program. 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, Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. 2021 ESG REPORT. Cloudflare Ray ID: 7a2f1863d83a23d4 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. Novotel Hyderabad Airport. 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. Mar 2021 - Apr 20221 year 2 months. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Click on the brand of your choice if you want to filter the benefits. You can email the site owner to let them know you were blocked. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. At Shell, we are doing everything we can to help in the global response to the virus. Solid and sustainable rebound. The Report can be accessed here. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). 2021 Integrated report. 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. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. The action you just performed triggered the security solution. 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. 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 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. 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 Senior Vice President Group External Communications. 12/28/2022. The report covers the period 1 January to 31 December. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. Recycling program in place. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . 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. SUSTAINABILITY AND CSR REPORT 2019. Here you can filter our content according to your activity and your interests. The Group achieved solid results regarding the actions taken over the 2011-2015 period. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 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 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. The action you just performed triggered the security solution. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. The action you just performed triggered the security solution. 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. 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. In 2019, this bond had been partially redeemed for the amount of 350 million. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Click to reveal Tel: 00 971 4 381 8888. Accor. 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 is a hotel management company founded in 1967 and based in Paris, France. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. . Universal Registration Document. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. Your IP: 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. 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. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Read more >. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Premium, Midscale, Economy. Cloudflare Ray ID: 7a2f1819ababf6ad French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 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. HotelServices EBITDA was positive at 93 million for 2021. 2020 Consolidated Non-Financial Information. Each year Loomis publishes an integrated annual and sustainability report. 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). Key Achievements-. This increase reflected the sharp recovery in business during the second half of the year. Performance & security by Cloudflare. made possible thanks to the work of our devoted teams Accor over the world. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. Increase in the Loyalty Mix. Our Future is About Sustainable Growth. CAC 40 - INDEXEURO. 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. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. 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. 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. 2022 Full-year results. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. 62.141.45.132 . Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. September 21st, 2021. Full-Year 2022 Results. Ethics and Corporate Social Responsibility Charter. Your IP: 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. 2019 Sustainability Review. ), 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. 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. Each solution measures operational impact, costs and environmental performance . The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. 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). You can email the site owner to let them know you were blocked. 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. Hyderabad Area, India. The covenant was not tested on the two test dates of June 30 and December 31, 2021. Included in the Integrated Report (Section 5 - p. 88) download. Dec 2016 - Jan 20181 year 2 months. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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 . All regions are now generating positive EBITDA. 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. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Your IP: The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. Live stock. 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. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. 6/24/2020. Accor's sustainability approach includes initiatives at your hotel to . In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . . 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. 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. CAC 40. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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. 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. Eco-designed materials used in the bedrooms. 75.119.192.80 A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). 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). Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. PDF 10.87MB; ESG Databook. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Our teams are devoted to fighting against this evil and encourage their customers to do the same.
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