The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 00:00. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . 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). Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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. Melco recognized by global environmental disclosure system CDP as one of China's . The program for 2020 was drawn up in consultation with the teams. This website is using a security service to protect itself from online attacks. 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 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. 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. 2011-2020 Huawei Consumer Business . 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 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, 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. Your IP: It follows the GRI methodology and use selected Standards with a GRI . 12/16/2021 1 min. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-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 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. Environmental Sustainability Highlights 2019/2020 - Hyatt About Mar 2021 - Apr 20221 year 2 months. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. 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. . Responsible Business Report 2022. We measure and report on our Scope 1, Scope 2 . The action you just performed triggered the security solution. View File. 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. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . 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). The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. 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. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. All regions are now generating positive EBITDA. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. 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. 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. Plant wall, fight against food waste, etc. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Strong growth in consolidated revenue. 11/23/2021 3 min. 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. The issues we are tackling are systemic, requiring supply chain and business transformation. Sustainability and innovation. 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. 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. Accor Planet 21 Background . By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. Eco-designed materials used in the bedrooms. made possible thanks to the work of our devoted teams Accor over the world. Organic waste diversion program in place. Click to reveal The assessment included seeking internal and external stakeholder feedback. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Each solution measures operational impact, costs and environmental performance . Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. Innovation is integral to Kering's sustainability policy. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. For 2022, the Group expects a net unit growth of 3.5%. 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. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. CAC 40. Follow us on . Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. The action you just performed triggered the security solution. It's our way of opening our doors and creating opportunities for all. . 47 million, largely due to the full consolidation of sbe since Q4 2020. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . - 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. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. . French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 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. 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. Two key issues to tackle will be food and buildings. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. You can email the site owner to let them know you were blocked. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 2021 Integrated report. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Performance & security by Cloudflare. 2021 Consolidated Non-Financial Information. Sustainability. *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. 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 performance was linked to the recovery in business which reflected better absorption of fixed costs. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. 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. 193.32.208.109 Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. of suppliers regard H&M Group as a fair business partner. "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. 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. 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 . 217.61.142.251 Premium, Midscale, Economy. 00:00. Planet 21 Season 1 [2011-2015]: a solid track record. Luxury & Lifestyle. Press releases. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Included in the Integrated Report (Section 6 - p. 120) Download. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. 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. 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. 164.46.106.217 Click to reveal Working together for a better future. 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. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Increase in the Loyalty Mix. After five years, the results of the first phase of the plan are very encouraging. Your IP: Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. At Accor, we ask our customers to reuse their towels. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). 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. 12/28/2022. 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. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Double our percentage of women in leadership to 34%. 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. Read full report. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. Our Future is About Sustainable Growth. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Read more >. Our teams are devoted to fighting against this evil and encourage their customers to do the same. Their report is currently being prepared. We are working to reduce the environmental impacts of our operations through our EnviroAction program. Water-efficient landscaping. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Here you can filter our content according to your activity and your interests. Download Snacking Made Right ESG Report. SUSTAINABILITY AND CSR REPORT 2019. This increase reflected the sharp recovery in business during the second half of the year. Quality Policy. Click to reveal The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. Accor's sustainability approach includes initiatives at your hotel to . revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Many have lost their lives. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 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). During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Operational waste. CAC 40 - INDEXEURO. 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. 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). 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. At Shell, we are doing everything we can to help in the global response to the virus. Read Letter from the CEO. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. The Group achieved solid results regarding the actions taken over the 2011-2015 period. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Recycling program in place. 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. 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. 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. The covenant was not tested on the two test dates of June 30 and December 31, 2021. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. The new system aims higher and is more accommodating as regards local specifics and operational realities. Amcor 2020 Sustainability Report. It has affected so many people around the world. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. 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). 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. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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. View File. Accor is a hotel management company founded in 1967 and based in Paris, France. 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. 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. 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. 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. reduction in plastic packaging. September 21st, 2021. Our Future is About Sustainable Growth. 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 report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. 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. Cloudflare Ray ID: 7a2f1863d83a23d4 WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. . You can email the site owner to let them know you were blocked. This website is using a security service to protect itself from online attacks. A team leader who gets the best out of his staff. Your IP: The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. Corporate Sustainability; . Investor feedback suggests a yield in a mid-to-high 2% . To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 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. 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. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Korian Share. 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. The fruit and vegetables from this garden are served in the restaurant. 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.. 2018 Consolidated Non-Financial Information. Performance & security by Cloudflare. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Accor. Key performance indicators. 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. As of end of December 2021, combined . 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. 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. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e.