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. Ethics and Corporate Social Responsibility Charter. . Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. It is one of four key enablers to deliver our Strategic Plan. Performance & security by Cloudflare. . Read Letter from the CEO. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. 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. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. 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. 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. 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. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. RevPAR was down (49)% in FY 2021 compared with FY 2019. Revenue Manager. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Live stock. Corporate Sustainability; . 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). Your IP: . For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Click to reveal 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. 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). Solid and sustainable rebound. Our 21st Sustainability Report covers the period 01 January 2021 . PDF document. 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. During 2021, Accor organically opened 288 hotels, representing 41,000 rooms, resulting in a net growth in the network of 3% over the 12-month period. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. Sustainability is integral to how we contribute to social value creation. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. 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. Dec 2016 - Jan 20181 year 2 months. The change in working capital requirement returned to close to breakeven. As of end of December 2021, combined . Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . You can email the site owner to let them know you were blocked. 16.3 mb. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . The Group controls this new entity through the ownership of a 66.67% stake. 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. Energy-saving guest room controls and building systems. Included in the Integrated Report (Section 5 - p. 88) download. Innovation is integral to Kering's sustainability policy. Universal Registration Document. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Increase in the Loyalty Mix. Your IP: Our teams are devoted to fighting against this evil and encourage their customers to do the same. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. This website is using a security service to protect itself from online attacks. 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. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). A team leader who gets the best out of his staff. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 67.211.219.14 Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. Press releases. Water conservation measures in place. Senior Vice President Group External Communications. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. At the end of December 2021, the Group had a hotel portfolio of 777,714 rooms (5,298 hotels) and a pipeline of 214,000 rooms (1,218 hotels). It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Performance & security by Cloudflare. 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. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. It is core to our strategy and sits at the heart of everything we do. Your IP: 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. Strong growth in consolidated revenue. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. Accor. In 2019, this bond had been partially redeemed for the amount of 350 million. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Click on the brand of your choice if you want to filter the benefits. Included in the . Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 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 . 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. 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. This result contributes to creating a great place to work. Accor is deeply committed to sustainable value creation and plays an active role in giving back to planet and community via its Planet 21 Acting Here program and the Accor Solidarity endowment fund, which gives disadvantaged groups access to employment through professional training. Follow us on . Environmental Policy. At the end of 2021, 25% of leadership positions are filled by women. Cloudflare Ray ID: 7a2f181ebecd86c6 - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. For 2022, the Group expects a net unit growth of 3.5%. 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. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Performance & security by Cloudflare. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. Cloudflare Ray ID: 7a2f181b2b5e1623 The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Letter from the CEO. 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. Click to reveal The assessment included seeking internal and external stakeholder feedback. CAC 40 - INDEXEURO. 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. 62.141.45.132 Sustainable Food and Beverage. 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. Planet 21 Season 1 [2011-2015]: a solid track record. Cloudflare Ray ID: 7a2f1819ababf6ad the share of recycled materials used in our garments from 5.8% to 17.9%. 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). The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. Accor is a hotel management company founded in 1967 and based in Paris, France. 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. Your IP: As a leader in the hospitality sector . Performance & security by Cloudflare. The new system aims higher and is more accommodating as regards local specifics and operational realities. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Your IP: 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. You can email the site owner to let them know you were blocked. Waste Reduction. Premium, Midscale, Economy. 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. accor sustainability report 2020meadowglen lane apartments. 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. +7 percentage points between the third and fourth quarters). The cost of net financial debt was up between FY 2020 and FY 2021, reflecting the downward revision to the Groups S&P credit rating in August 2020. 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. We measure and report on our Scope 1, Scope 2 . 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. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Responsible Business Report 2022. 2019 Sustainability Review. Two key issues to tackle will be food and buildings. 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. 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. 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. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. The report solidifies the company's commitment to creating a sustainable future and making a difference in the lives of employees, guests and the communities in which it operates. The action you just performed triggered the security solution. 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. Our Future is About Sustainable Growth. Our Future is About Sustainable Growth. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Each year Loomis publishes an integrated annual and sustainability report. Key Achievements-. . During the second half of 2021, the Group returned to a positive cash generation situation. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 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. 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. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 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. Water-efficient landscaping. Performance & security by Cloudflare. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. Their report is currently being prepared. 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. 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. 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 . The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. 6/24/2020. 2018 Consolidated Non-Financial Information. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). 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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Carbon Neutral Certificate by Farnek. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Responsible Business Report. Amcor 2020 Sustainability Report. 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. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. 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). room and apartment distribution activities and managed properties). This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. Two key issues to tackle will be food and buildings. Guest Service Agent - Club Sofitel Lounge. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. 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. 193.32.208.109 It follows the GRI methodology and use selected Standards with a GRI . *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. Click to reveal PDF 10.87MB; ESG Databook. . Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Key performance indicators. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. 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. Quality Policy. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. reduction in plastic packaging. made possible thanks to the work of our devoted teams Accor over the world. This performance was linked to the recovery in business which reflected better absorption of fixed costs. Press Releases. Cloudflare Ray ID: 7a2f1821ef190cc1 The fruit and vegetables from this garden are served in the restaurant. Read full report. and its hotels to measure and improve its sustainability performance long-term with specific goals. . 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. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. This website is using a security service to protect itself from online attacks. Each solution measures operational impact, costs and environmental performance . 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. Morroco Ourika. The action you just performed triggered the security solution. PDF document. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 40% of our Resort's hot water is heated by solar power. 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. 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. We also endeavour to incorporate stakeholder focus areas. Today, we want to scale up our ambitions by banking on innovation and accountability. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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.
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