accor sustainability report 2020 accor sustainability report 2020

As a leader in the hospitality sector . +7 percentage points between the third and fourth quarters). 193.32.208.109 Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. This improvement in demand meant that average room rates came close to or, in many destinations at the end of 2021, even exceeded pre-Covid-19 levels. Environmental Policy. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Today, we want to scale up our ambitions by banking on innovation and accountability. 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. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . 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. 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. The Asia-Pacific region enjoyed a sequential improvement in RevPAR (+9 percentage points between the third and fourth quarters) after a third quarter hit by tighter Covid restrictions. 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 . Press releases. Follow us on . Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 11/23/2021 3 min. Sustainability; Home; . You can email the site owner to let them know you were blocked. Accor is a hotel management company founded in 1967 and based in Paris, France. Key Achievements-. Click to reveal 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. Mar 2021 - Apr 20221 year 2 months. 164.46.106.217 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. As of December 31, 2021, the average cost of Accors debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. Accor Planet 21 Background . CAC 40 - INDEXEURO. The fruit and vegetables from this garden are served in the restaurant. The assessment included seeking internal and external stakeholder feedback. 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. Planet 21 Season 1 [2011-2015]: a solid track record. 67.211.219.14 Your IP: Innovation is integral to Kering's sustainability policy. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 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. At the end of 2021, 25% of leadership positions are filled by women. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. PDF document. 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. 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. Investor feedback suggests a yield in a mid-to-high 2% . 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. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. 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. 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. 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. Cloudflare Ray ID: 7a2f181ebecd86c6 Live stock. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Solid and sustainable rebound. 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. 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 . The action you just performed triggered the security solution. 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. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Double our percentage of women in leadership to 34%. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 217.61.142.251 Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. 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. Click to reveal Included in 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. 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. Amcor 2019 GRI Report. Click to reveal 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. 75.119.192.80 Responsible Business Report. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. 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. 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. This website is using a security service to protect itself from online attacks. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. the share of recycled materials used in our garments from 5.8% to 17.9%. Two key issues to tackle will be food and buildings. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Amcor 2020 Sustainability Report. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. . Melco recognized by global environmental disclosure system CDP as one of China's . (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 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. . Carbon Neutral Certificate by Farnek. Premium, Midscale, Economy. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). 12/28/2022. Luxury & Lifestyle. Your IP: Dec 2016 - Jan 20181 year 2 months. 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. 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. . 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. 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. 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. It describes the Company's sustainability platform, material focus areas, goals and results. You can email the site owner to let them know you were blocked. Waste Reduction. It was a tough year for everyone. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Initiatives to cut fixed costs were partially offset by weaker government subsidies than a year earlier, but nevertheless also continued to have a positive impact. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. It follows the GRI methodology and use selected Standards with a GRI . For further information, visit www.sustainablehospitalityalliance.org. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. We measure and report on our Scope 1, Scope 2 . In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Click to reveal It has affected so many people around the world. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Planet 21 [2016-2020] is structured into four areas of action enlisting its employees, customers, partners and local communities, and two priorities, namely food & beverage and buildings. 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.. Included in the Integrated Report (Section 5 - p. 88) download. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Accor AC - Euronext Paris. CAC 40. 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. 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. 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 . The Report can be accessed here. Your IP: A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). Your IP: 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. Ben van Beurden, CEO. Included in the Integrated Report (Section 6 - p. 120) Download. This website is using a security service to protect itself from online attacks. Environment & CSR. 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. The Group achieved solid results regarding the actions taken over the 2011-2015 period. 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. 01/03/2023 02:25 (Paris) 7.74 2.31%. It was a tough year for Shell, but also a year when we set a clear path for our future. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. The Group controls this new entity through the ownership of a 66.67% stake. 62.141.45.132 Revenue Manager. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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. Increase in the Loyalty Mix. PDF 10.87MB; ESG Databook. Our Future is About Sustainable Growth. . Working together for a better future. made possible thanks to the work of our devoted teams Accor over the world. 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 net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. The action you just performed triggered the security solution. - 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. This plan was the Groups way of encouraging the hospitality business to do On February 18, 2021, Accor sold a part of its share in Huazhu Group Ltd, representing 1.5% of share capital of the company for 239 million. 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. Melbourne, Victoria, Australia. HotelServices EBITDA was positive at 93 million for 2021. 2021 ESG REPORT. All regions are now generating positive EBITDA. Quality Policy. 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. 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. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. The action you just performed triggered the security solution. 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. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 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. Wilmar International Limited - Asia's Leading Agribusiness Group room and apartment distribution activities and managed properties). For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. PDF 2.23MB Recycling program in place. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. This performance was linked to the recovery in business which reflected better absorption of fixed costs. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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. 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. You can email the site owner to let them know you were blocked. 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. SUSTAINABILITY AND CSR REPORT 2018. 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. Sustainability is integral to how we contribute to social value creation. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. A team leader who gets the best out of his staff. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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, Click on the brand of your choice if you want to filter the benefits. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. 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. RevPAR was down (49)% in FY 2021 compared with FY 2019. A sustainable commitment to improve your hotel's performance. Press Releases. Read more >. 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. 2020. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Revenue in the Management & Franchise (M&F) stood at 518 million, up 74% like-for-like versus FY 2020 (down (51)% like-for-like versus FY 2019), with regional performances correlated to health crisis developments in the countries considered. 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. At Accor, we ask our customers to reuse their towels. 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. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. 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). Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . September 21st, 2021. 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. Water conservation measures in place. Cloudflare Ray ID: 7a2f181b2b5e1623 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 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). Novotel Hyderabad Airport. 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. It's our way of opening our doors and creating opportunities for all. 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. During the second half of 2021, the Group returned to a positive cash generation situation. Performance & security by Cloudflare. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Sustainable Food and Beverage. Responsible Business Report 2022. Performance & security by Cloudflare. 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. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. 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