February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. Key performance indicators. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Two key issues to tackle will be food and buildings. 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: Read more >. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. 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. 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. In 2013, for example, Kering founded the Material Innovation Lab, which provides the Group's Houses with more than 3,000 sustainable fabric and textile samples. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . 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). Read full report. PDF document. Included in the Integrated Report (Section 5 - p. 88) download. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. 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. +7 percentage points between the third and fourth quarters). Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. For further information, visit www.sustainablehospitalityalliance.org. 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 . 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. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. 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. 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. The new system aims higher and is more accommodating as regards local specifics and operational realities. Morroco Ourika. the share of recycled materials used in our garments from 5.8% to 17.9%. 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. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. 47 million, largely due to the full consolidation of sbe since Q4 2020. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. 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 Group strives to act for "positive hospitality" and has set ambitious objectives, structured around four strategic pillars: working with our teams, involving our clients . 01/03/2023 02:25 (Paris) 7.74 2.31%. Your IP: . 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 Group controls this new entity through the ownership of a 66.67% stake. 2021 ESG REPORT. Today, we want to scale up our ambitions by banking on innovation and accountability. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . 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. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. Sustainability; Home; . Melco recognized by global environmental disclosure system CDP as one of China's . You can email the site owner to let them know you were blocked. Waste Reduction. Cloudflare Ray ID: 7a2f18038eaaef6f 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. 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. . ESG challenges - i.e., Environmental, Social and Governance (ESG . The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. CAC 40 - INDEXEURO. You can email the site owner to let them know you were blocked. The covenant was not tested on the two test dates of June 30 and December 31, 2021. 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. 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. The change in working capital requirement returned to close to breakeven. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Two key issues to tackle will be food and buildings. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. 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. It was a tough year for Shell, but also a year when we set a clear path for our future. Novotel Hyderabad Airport. Performance & security by Cloudflare. Accsys offers the world a choice to build more sustainably, and we are committed to improving the positive impact we can make in the world, and in Environmental, Social and Governance (ESG) areas. 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. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Planet 21 Season 1 [2011-2015]: a solid track record. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. PDF document. 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. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). 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. Ben van Beurden, CEO. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. *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. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Environment & CSR. 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. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. 2018 Consolidated Non-Financial Information. The issues we are tackling are systemic, requiring supply chain and business transformation. Strong growth in consolidated revenue. Solid and sustainable rebound. Environmental Policy. Accor AC - Euronext Paris. It is one of four key enablers to deliver our Strategic Plan. 531 kb. 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. 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. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. To provide the hotels with effective support as they deploy this new plan, Charter 21, the in-house sustainable development management system for hoteliers, has evolved and been renamed Planet 21 in Action. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. 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. The program for 2020 was drawn up in consultation with the teams. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Melbourne, Victoria, Australia. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. SUSTAINABILITY AND CSR REPORT 2018. Your IP: 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. 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. 2020 Consolidated Non-Financial Information. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 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. 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. At the end of 2021, 25% of leadership positions are filled by women. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 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.. 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. PDF 10.87MB; ESG Databook. Water-efficient landscaping. Click to reveal Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. 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)%. Develops talent from within and a strong disciplinarian who leads by example. 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. 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). Performance & security by Cloudflare. The action you just performed triggered the security solution. SUSTAINABILITY AND CSR REPORT 2019. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Your IP: 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 MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 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. For 2022, the Group expects a net unit growth of 3.5%. Working together for a better future. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. As of end of December 2021, combined . In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. Water conservation measures in place. The . We measure and report on our Scope 1, Scope 2 . 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. of suppliers regard H&M Group as a fair business partner. 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. 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). Included in the . Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. 00:00. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Cloudflare Ray ID: 7a2f181b2b5e1623 Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. accor sustainability report 2020meadowglen lane apartments. This website is using a security service to protect itself from online attacks. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Double our percentage of women in leadership to 34%. Sustainability. We share our vision of digital transformation with purpose, our strategy and our . 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. ), 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. 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. 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. Click to reveal 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. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. 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). PDF 2.23MB The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Dec 2016 - Jan 20181 year 2 months. Through its Planet 21 Acting Here, Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the group is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity and inclusivity. Performance & security by Cloudflare. . Carbon Neutral Certificate by Farnek. 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 a leader in the hospitality sector . Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . 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. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Ethics and Corporate Social Responsibility Charter. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. 62.141.45.132 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. 40% of our Resort's hot water is heated by solar power. 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. 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. Accor Planet 21 Background . Amcor 2019 GRI Report. Cloudflare Ray ID: 7a2f1819ababf6ad The Group achieved solid results regarding the actions taken over the 2011-2015 period. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Investor feedback suggests a yield in a mid-to-high 2% . We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 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. This performance was linked to the recovery in business which reflected better absorption of fixed costs. Senior Vice President Group External Communications. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience.