Melbourne, Victoria, Australia. Working together for a better future. 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. A sustainable commitment to improve your hotel's performance. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. The assessment included seeking internal and external stakeholder feedback. PDF 2.23MB 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. 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. Click to reveal 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. 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. Premium, Midscale, Economy. Organic waste diversion program in place. Read Letter from the CEO. 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. PDF 10.87MB; ESG Databook. 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). Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). It describes the Company's sustainability platform, material focus areas, goals and results. 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. Included in the . Full-Year 2022 Results. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 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. 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. room and apartment distribution activities and managed properties). Key Achievements-. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. 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. 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 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 . Share your thoughts with Twitter #ActingHere, More information on the digital press kit. Your IP: Eco-designed materials used in the bedrooms. 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. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Morroco Ourika. - Lacey Pfalz, Associate Writer, TravelPulse. 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. Tel: 00 971 4 381 8888. Click to reveal 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. 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. Follow us on . Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 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. 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. ), 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. 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. 2021 ESG REPORT. Performance & security by Cloudflare. This focus on sustainability is directly aligned with our promise of Together, improving life, and our long-established values, culture and commitment to Associates, customers and communities. 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. Accor AC - Euronext Paris. Sustainability is integral to how we contribute to social value creation. +7 percentage points between the third and fourth quarters). 00:00. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Wilmar International Limited - Asia's Leading Agribusiness Group The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Two key issues to tackle will be food and buildings. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. We share our vision of digital transformation with purpose, our strategy and our . Your IP: It follows the GRI methodology and use selected Standards with a GRI . This website is using a security service to protect itself from online attacks. It was a tough year for everyone. 2018 Consolidated Non-Financial Information. Click on the brand of your choice if you want to filter the benefits. 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. 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). This increase reflected the sharp recovery in business during the second half of the year. Click to reveal 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. 12/28/2022. 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. 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. "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. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 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. Ben van Beurden, CEO. ESG challenges - i.e., Environmental, Social and Governance (ESG . A team leader who gets the best out of his staff. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. 16.3 mb. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Waste Reduction. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. 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 report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. This website is using a security service to protect itself from online attacks. 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. Accor's sustainability approach includes initiatives at your hotel to . 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). After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 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. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Increase in the Loyalty Mix. 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. 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. 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. 2020 Consolidated Non-Financial Information. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. 2019 Sustainability Review. Your IP: CAC 40. It's our way of opening our doors and creating opportunities for all. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. SUSTAINABILITY AND CSR REPORT 2019. See stock description. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. To provide a comparison with RevPAR (presented as the change versus FY 2019 throughout this release), the like-for-like decline in revenue versus FY 2019 is (42)%. Cloudflare Ray ID: 7a2f18038eaaef6f 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. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. RevPAR was down (49)% in FY 2021 compared with FY 2019. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 *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. Mar 2021 - Apr 20221 year 2 months. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. You can email the site owner to let them know you were blocked. All. Here you can filter our content according to your activity and your interests. 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. Press releases. 2017 Report. Performance & security by Cloudflare. Today, we want to scale up our ambitions by banking on innovation and accountability. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. The action you just performed triggered the security solution. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. made possible thanks to the work of our devoted teams Accor over the world. 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. 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. HotelServices EBITDA was positive at 93 million for 2021. Water conservation measures in place. The action you just performed triggered the security solution. the share of recycled materials used in our garments from 5.8% to 17.9%. Amcor 2019 GRI Report. This website is using a security service to protect itself from online attacks. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Your IP: This performance was linked to the recovery in business which reflected better absorption of fixed costs. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its 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. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. It has affected so many people around the world. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 United Arab Emirates. Ethics and Corporate Social Responsibility Charter. 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. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Innovation is integral to Kering's sustainability policy. Carbon Neutral Certificate by Farnek. 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.. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. 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. 2022 Full-year results. This plan was the Groups way of encouraging the hospitality business to do This website is using a security service to protect itself from online attacks. At year-end 2020, the Group had a hotel portfolio of 753,344 rooms (5,139 hotels) and a pipeline of 212,000 rooms (1,209 hotels), of which 73% in emerging markets. 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). Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. 2021 Consolidated Non-Financial Information. Your IP: Dec 2016 - Jan 20181 year 2 months. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. 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.
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