Eco-designed materials used in the bedrooms. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. reduction in plastic packaging. Today, we want to scale up our ambitions by banking on innovation and accountability. 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. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. 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 third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. The Group controls this new entity through the ownership of a 66.67% stake. 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. . 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Cloudflare Ray ID: 7a2f1819ababf6ad You can email the site owner to let them know you were blocked. Organic waste diversion program in place. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 11/23/2021 3 min. - Novotel offers eco-designed beds made from wood sourced from sustainably-managed forests (FSC certified), as well as bedspreads and pillowcases made from recycled bottles. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. It's our way of opening our doors and creating opportunities for all. 12/16/2021 1 min. 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. PDF document. Develops talent from within and a strong disciplinarian who leads by example. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. You can email the site owner to let them know you were blocked. 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). Strong growth in consolidated revenue. 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. The Report can be accessed here. Ben van Beurden, CEO. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). You can email the site owner to let them know you were blocked. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. During the second half of 2021, the Group returned to a positive cash generation situation. 16.3 mb. and its hotels to measure and improve its sustainability performance long-term with specific goals. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. 2021 Integrated report. As of end of December 2021, combined with the two undrawn credit facilities of 1.8 billion, Accor had a liquidity position of 3.4 billion. The action you just performed triggered the security solution. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Tel: 00 971 4 381 8888. Our Future is About Sustainable Growth. 217.61.142.251 *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. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 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. 2018 Consolidated Non-Financial Information. PDF document. 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 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 Accor, we ask our customers to reuse their towels. ESG challenges - i.e., Environmental, Social and Governance (ESG . Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Performance & security by Cloudflare. At Shell, we are doing everything we can to help in the global response to the virus. 2021 ESG REPORT. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 00:00. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. . The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . 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. 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). United Arab Emirates. 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. The fruit and vegetables from this garden are served in the restaurant. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Members benefit from the company's comprehensive loyalty program ALL - Accor Live Limitless a daily lifestyle companion that provides access to a wide variety of rewards, services and experiences. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The change in working capital requirement returned to close to breakeven. SUSTAINABILITY AND CSR REPORT 2018. It describes the Company's sustainability platform, material focus areas, goals and results. 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. +7 percentage points between the third and fourth quarters). Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 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. Their report is currently being prepared. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Environmental Policy. PDF 2.23MB 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. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. This website is using a security service to protect itself from online attacks. 12/28/2022. The program for 2020 was drawn up in consultation with the teams. 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. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Novotel Hyderabad Airport. We are working to reduce the environmental impacts of our operations through our EnviroAction program. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. notably in the Food & Beverage segment, but also for flex office activities, wellness, entertainment and events as well as technologies linked to the hotel industry. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! 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. Press Releases. A sustainable commitment to improve your hotel's performance. All. This website is using a security service to protect itself from online attacks. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. . Amcor 2020 Sustainability Report. The action you just performed triggered the security solution. 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. Performance & security by Cloudflare. Senior Vice President Group External Communications. SUSTAINABILITY AND CSR REPORT 2019. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Sustainability is integral to how we contribute to social value creation. Energy-saving guest room controls and building systems. 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. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. 2020. 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. 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 . Performance & security by Cloudflare. 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. We share our vision of digital transformation with purpose, our strategy and our . . PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. Your IP: 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. Click to reveal Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. Planet 21 Season 1 [2011-2015]: a solid track record. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). 00:00. 2021 Consolidated Non-Financial Information. 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. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts 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). 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 remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Performance & security by Cloudflare. See stock description. It follows the GRI methodology and use selected Standards with a GRI . Each solution measures operational impact, costs and environmental performance . Included in the Integrated Report (Section 5 - p. 88) download. Solid and sustainable rebound. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. Our Future is About Sustainable Growth. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. The Group has been acquiring hospitality expertise for more than 50 years, resulting in an unrivaled portfolio of brands, from luxury to economy, supported by one of the most attractive loyalty programs in the world. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. 75.119.192.80 As a leader in the hospitality sector . Guest Service Agent - Club Sofitel Lounge. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. This website is using a security service to protect itself from online attacks. 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. 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 . Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. 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. 40% of our Resort's hot water is heated by solar power. 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. In five years, it has delivered two-thirds of the programs 21 objectives and over 90% of its hotels have embarked on a continuous-improvement drive. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Two key issues to tackle will be food and buildings. Melco recognized by global environmental disclosure system CDP as one of China's . ), 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. The Management & Franchise division of HotelServices reported EBITDA of 275 million, significantly higher than in 2020 (25 million) and down (64)% like-for-like compared with FY 2019. 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. Waste Reduction. View File. 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. hide. Cloudflare Ray ID: 7a2f1863d83a23d4 Amcor 2019 GRI Report. Click to reveal September 21st, 2021. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. You can email the site owner to let them know you were blocked. 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. Plant wall, fight against food waste, etc. PDF 10.87MB; ESG Databook. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Performance & security by Cloudflare. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . 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. Operational waste. Water-efficient landscaping. Accor's sustainability approach includes initiatives at your hotel to . It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Click to reveal Accor is a hotel management company founded in 1967 and based in Paris, France. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Our 21st Sustainability Report covers the period 01 January 2021 . Sbastien Bazin, the Group's Chairman & CEO, stated, "The commitment and energy demonstrated by our teams in deploying Planet 21 worldwide, are both valuable levers for our sustainable performance. Accor has set some of the most ambitious sustainability targets in the industry, and in 2021, we committed to achieving net-zero carbon emissions by 2050. Read full report. Included in the Integrated Report (Section 6 - p. 120) Download. For further information, visit www.sustainablehospitalityalliance.org. 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. 47 million, largely due to the full consolidation of sbe since Q4 2020. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . This website is using a security service to protect itself from online attacks. The issues we are tackling are systemic, requiring supply chain and business transformation. Performance & security by Cloudflare. 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. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way.
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