PDF 2.23MB 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. Ethics and Corporate Social Responsibility Charter. Strong growth in consolidated revenue. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The fruit and vegetables from this garden are served in the restaurant. 2011-2020 Huawei Consumer Business . Solid and sustainable rebound. 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. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 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. It describes the Company's sustainability platform, material focus areas, goals and results. 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. A sustainable commitment to improve your hotel's performance. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Each solution measures operational impact, costs and environmental performance . Responsible Business Report 2022. You can email the site owner to let them know you were blocked. Our teams are devoted to fighting against this evil and encourage their customers to do the same. 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. It is core to our strategy and sits at the heart of everything we do. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . It was a tough year for Shell, but also a year when we set a clear path for our future. 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. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 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. 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. 01/03/2023 02:25 (Paris) 7.74 2.31%. Letter from the CEO. 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. 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. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. 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. Sustainability Disclosure 2021. 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. Melbourne, Victoria, Australia. Sustainable Food and Beverage. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. "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. Sustainability. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. 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. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. 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. Cloudflare Ray ID: 7a2f181ebecd86c6 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. 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. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. 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). . In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Read full report. 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. Cloudflare Ray ID: 7a2f18038eaaef6f Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. 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. 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. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. 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. Follow us on . Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Cloudflare Ray ID: 7a2f181b2b5e1623 French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 6/24/2020. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Read more >. Environmental Policy. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. . Planet 21 Season 1 [2011-2015]: a solid track record. 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. Sustainability is integral to how we contribute to social value creation. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Cloudflare Ray ID: 7a2f1821ef190cc1 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. For 2022, the Group expects a net unit growth of 3.5%. Double our percentage of women in leadership to 34%. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). 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. SUSTAINABILITY AND CSR REPORT 2018. incentive fees based on the hotel operating margin. Group revenue for the third quarter of 2021 came in at 589 million, up 79% as reported, and 79% like-for-like versus Q3 2020 (i.e., -40% compared with Q3 2019). 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. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Performance & security by Cloudflare. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 2019 Sustainability Review. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. Here you can filter our content according to your activity and your interests. Their report is currently being prepared. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Organic waste diversion program in place. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 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. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . 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. Two key issues to tackle will be food and buildings. 2018 Consolidated Non-Financial Information. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Click to reveal The . 16.3 mb. reduction in plastic packaging. 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 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. At the end of 2021, 25% of leadership positions are filled by women. ), 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. 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. Develops talent from within and a strong disciplinarian who leads by example. The action you just performed triggered the security solution. Wilmar International Limited - Asia's Leading Agribusiness Group 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. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. Waste Reduction. Eco-designed materials used in the bedrooms. 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. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . United Arab Emirates. In the India, Middle East, Africa & Turkey (IMEAT) region, the recovery in business between the third and fourth quarters was impressive (+28 percentage points with RevPAR exceeding FY 2019 levels in the last quarter). On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its Through its global sustainability commitments (such as achieving Net Zero Carbon emissions by 2050, global elimination of single use plastics in its hotels' guest experience, etc. This website is using a security service to protect itself from online attacks. This website is using a security service to protect itself from online attacks. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Key considerations and . Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. This website is using a security service to protect itself from online attacks. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. You can email the site owner to let them know you were blocked. 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. . 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. 2021 Consolidated Non-Financial Information. Accor. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. - 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. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Operational waste. Increase in the Loyalty Mix. A team leader who gets the best out of his staff. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . 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. 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. . Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Water conservation measures in place. 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. Their members make up 25% of the global hotel industry by rooms and include 14 world-leading hotel companies including Marriott International, Hilton, IHG, Hyatt and Radisson Hotels Group as well as regional brands. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. We share our vision of digital transformation with purpose, our strategy and our . 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 . We are working to reduce the environmental impacts of our operations through our EnviroAction program. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. The assessment included seeking internal and external stakeholder feedback. You can email the site owner to let them know you were blocked. Accor's sustainability approach includes initiatives at your hotel to . Cloudflare Ray ID: 7a2f1863d83a23d4 All regions are now generating positive EBITDA. Premium, Midscale, Economy. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Senior Vice President Group External Communications. View File. 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. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. PDF document. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. +7 percentage points between the third and fourth quarters). CAC 40. 2021 ESG REPORT. . 193.32.208.109 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Luxury & Lifestyle. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . 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, Our Future is About Sustainable Growth. The IHG Academy is a collaboration where we link up with education providers and community groups around the world by providing local people with the opportunity to develop skills and improve their employment prospects in one of the world's largest leading hotel companies. 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. 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. After five years, the results of the first phase of the plan are very encouraging. . It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. This increase reflected the sharp recovery in business during the second half of the year. Environment & CSR. 2020. 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. *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. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. 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 . In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Many have lost their lives. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. 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. 40% of our Resort's hot water is heated by solar power. Your IP: Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The action you just performed triggered the security solution. Your IP: For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Your IP: Marriott International, Inc. (Nasdaq: MAR) ("Marriott") today released its 2021 Serve 360 Report presenting data from 2020 and demonstrating its Environmental, Social, and Governance (ESG) efforts toward the company's 2025 Sustainability and Social Impact Goals. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . This website is using a security service to protect itself from online attacks. 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. 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. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. 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. 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 . Revenue Manager. 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. 67.211.219.14 hide. Click to reveal Click on the brand of your choice if you want to filter the benefits. Key performance indicators. Sustainability and innovation. Accor Planet 21 Background . Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Quality Policy. accor sustainability report 2020meadowglen lane apartments. 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. 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. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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 . 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. 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. Planet 21 allowed the Group to unite its teams and engage its guests and partners in a structured approach which is recognized by several ethical stock market indices. 2017 Report. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. 164.46.106.217 This result contributes to creating a great place to work. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. ESG challenges - i.e., Environmental, Social and Governance (ESG .