Working together for a better future. 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 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. This result contributes to creating a great place to work. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. It's our way of opening our doors and creating opportunities for all. 2018 Consolidated Non-Financial Information. 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. It has affected so many people around the world. Melco recognized by global environmental disclosure system CDP as one of China's . Premium, Midscale, Economy. 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. Click to reveal 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. Corporate Sustainability; . Revenue Manager. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). 2020. 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. 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 action you just performed triggered the security solution. 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. Your IP: The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. All. The issues we are tackling are systemic, requiring supply chain and business transformation. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Increase in the Loyalty Mix. 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. 2022 Full-year results. 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. 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. 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). We share our vision of digital transformation with purpose, our strategy and our . Environmental Sustainability Highlights 2019/2020 - Hyatt About RevPAR was down (49)% in FY 2021 compared with FY 2019. . It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Cloudflare Ray ID: 7a2f1819ababf6ad The Group targets to re-install an ordinary dividend payment calculated on the basis of 50% of the recurring free cash flow, in line with its historical dividend policy. 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. 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. 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. 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. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . 217.61.142.251 Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Mar 2021 - Apr 20221 year 2 months. Ethics and Corporate Social Responsibility Charter. Included in the Integrated Report (Section 6 - p. 120) Download. SUSTAINABILITY AND CSR REPORT 2019. Their report is currently being prepared. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Operational waste. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. 2011-2020 Huawei Consumer Business . View File. You can email the site owner to let them know you were blocked. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. 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. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. During the second half of 2021, the Group returned to a positive cash generation situation. Click to reveal Innovation is integral to Kering's sustainability policy. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. The . of suppliers regard H&M Group as a fair business partner. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. You can email the site owner to let them know you were blocked. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. The Sustainable Hospitality Alliance brings together engaged hospitality companies and uses the collective power of the industry to deliver impact locally and on a global scale. At Shell, we are doing everything we can to help in the global response to the virus. Accor. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. 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. 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. The new system aims higher and is more accommodating as regards local specifics and operational realities. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. . An increase related primarily to the loss of recurring free cash flow in full-year 2020, the investment related to the acquisition of all of sbes brands, and the implementation of a share buyback program in Q1 2020. Sustainability is integral to how we contribute to social value creation. 40% of our Resort's hot water is heated by solar power. The Group controls this new entity through the ownership of a 66.67% stake. 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)%. This plan was the Groups way of encouraging the hospitality business to do There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Develops talent from within and a strong disciplinarian who leads by example. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. The change in working capital requirement returned to close to breakeven. 16.3 mb. 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 . This increase reflected the sharp recovery in business during the second half of the year. 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. 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. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Sustainability; Home; . For 2022, the Group expects a net unit growth of 3.5%. 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). In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. As of end of December 2021, combined . The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. *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. Guest Service Agent - Club Sofitel Lounge. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. accor sustainability report 2020meadowglen lane apartments. Universal Registration Document. 164.46.106.217 We measure and report on our Scope 1, Scope 2 . This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. 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 . Included in the Integrated Report (Section 5 - p. 88) download. Performance & security by Cloudflare. 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. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! room and apartment distribution activities and managed properties). 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. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. . 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. 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. and its hotels to measure and improve its sustainability performance long-term with specific goals. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 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. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. 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.. 12/16/2021 1 min. 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, Many have lost their lives. At Accor, we ask our customers to reuse their towels. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 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. Key considerations and . Luxury & Lifestyle. Press Releases. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. Key performance indicators. 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). Accor Planet 21 Background . 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. - 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's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. made possible thanks to the work of our devoted teams Accor over the world. ), 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. 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. Your IP: Cloudflare Ray ID: 7a2f181b2b5e1623 Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 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.