accor sustainability report 2020

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. 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. 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). Our 21st Sustainability Report covers the period 01 January 2021 . In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . The action you just performed triggered the security solution. Develops talent from within and a strong disciplinarian who leads by example. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . This website is using a security service to protect itself from online attacks. PDF 2.23MB 01/03/2023 02:25 (Paris) 7.74 2.31%. 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. Read full report. Read more >. Performance & security by Cloudflare. We also endeavour to incorporate stakeholder focus areas. Water-efficient landscaping. 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, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 00:00. . 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. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. 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. 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). AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Read full report. 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). Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. 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 . 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.. It describes the Company's sustainability platform, material focus areas, goals and results. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. 2021 ESG REPORT. 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. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Performance & security by Cloudflare. All. Your IP: Mar 2021 - Apr 20221 year 2 months. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Responsible Business Report. Hyderabad Area, India. 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 . 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 assessment included seeking internal and external stakeholder feedback. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Two key issues to tackle will be food and buildings. 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 . 2020 Consolidated Non-Financial Information. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Many have lost their lives. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 16.3 mb. Melco recognized by global environmental disclosure system CDP as one of China's . For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. This website is using a security service to protect itself from online attacks. . The action you just performed triggered the security solution. Solid and sustainable rebound. Key considerations and . As of end of December 2021, combined . 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. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. Click to reveal 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. Download Snacking Made Right ESG Report. It has affected so many people around the world. The change in working capital requirement returned to close to breakeven. PDF document. 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 . and its hotels to measure and improve its sustainability performance long-term with specific goals. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 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. In 2019, this bond had been partially redeemed for the amount of 350 million. 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. 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. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. Accor took one bold commitment in 2019/20: eliminate ALL guest-related single-use plastic items in its hotels by end 2022 across 110 countries . Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. This performance was linked to the recovery in business which reflected better absorption of fixed costs. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. the share of recycled materials used in our garments from 5.8% to 17.9%. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Strong growth in consolidated revenue. Sustainability. Environment & CSR. 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. 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. For further information, visit www.sustainablehospitalityalliance.org. 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. Eco-designed materials used in the bedrooms. Plant wall, fight against food waste, etc. 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. . 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 decline reflects an environment disrupted by the resurgence of the Covid-19 pandemic, despite a marked improvement in global business levels from April 2021. Korian Share. Your IP: PDF 10.87MB; ESG Databook. 2018 Consolidated Non-Financial Information. Amcor 2020 Sustainability Report. 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 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. 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. For 2022, the Group expects a net unit growth of 3.5%. Letter from the CEO. Increase in the Loyalty Mix. Key Achievements-. 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. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 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. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Cloudflare Ray ID: 7a2f1821ef190cc1 Dec 2016 - Jan 20181 year 2 months. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Senior Vice President Group External Communications. 62.141.45.132 PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Press Releases. Amcor 2019 GRI Report. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. 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. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. After five years, the results of the first phase of the plan are very encouraging. We measure and report on our Scope 1, Scope 2 . Accor AC - Euronext Paris. 00:00. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. 12/16/2021 1 min. This increase reflected the sharp recovery in business during the second half of the year. 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, 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. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. At the end of 2021, 25% of leadership positions are filled by women. Energy-saving guest room controls and building systems. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Sustainable Food and Beverage. 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 follows the GRI methodology and use selected Standards with a GRI . 67.211.219.14 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. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 47 million, largely due to the full consolidation of sbe since Q4 2020. All regions are now generating positive EBITDA. 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. 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. 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). Click on the brand of your choice if you want to filter the benefits. Our Future is About Sustainable Growth. 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. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Here you can filter our content according to your activity and your interests. Universal Registration Document. Included in the . The Group has one of the industrys most diverse and fully-integrated hospitality ecosystems encompassing luxury and premium brands, midscale and economy offerings, unique Lifestyle concepts, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. 531 kb. 2020. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Operational waste. Wilmar International Limited - Asia's Leading Agribusiness Group CAC 40. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. 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. 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. accor sustainability report 2020meadowglen lane apartments. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). 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. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 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. The Group achieved solid results regarding the actions taken over the 2011-2015 period. 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. The fruit and vegetables from this garden are served in the restaurant. Although the effects of this unprecedented crisis linked to the Covid-19 pandemic have not yet fully disappeared, all of the Groups geographies now appear to be well on the way to enjoying more normative levels of business. Follow us on . Their report is currently being prepared. Letter from the CEO. It was a tough year for everyone. 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. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. 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. 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. Sustainability and innovation. September 21st, 2021. HotelServices EBITDA was positive at 93 million for 2021. . 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. It is one of four key enablers to deliver our Strategic Plan. It was a tough year for Shell, but also a year when we set a clear path for our future. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. 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. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Click to reveal . Corporate Sustainability; . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2021 Sustainability Report. The new system aims higher and is more accommodating as regards local specifics and operational realities. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 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. The Report can be accessed here. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. You can email the site owner to let them know you were blocked. Included in the Integrated Report (Section 5 - p. 88) download. 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). 2021 Integrated report. See stock description. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Investor feedback suggests a yield in a mid-to-high 2% . The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. 217.61.142.251 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. Performance & security by Cloudflare.