There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Download Snacking Made Right ESG Report. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). 6/24/2020. Performance & security by Cloudflare. Quality Policy. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Live stock. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . 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. . It was a tough year for everyone. Corporate Sustainability; . The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. 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 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. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Press Releases. Accor's unmatched position in lifestyle hospitality one of the fastest growing categories in the industry is led by Ennismore, a joint venture, which Accor holds a majority shareholding. The report covers the period 1 January to 31 December. Follow us on . Amcor 2019 GRI Report. 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. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Press releases. The change in working capital requirement returned to close to breakeven. RevPAR was down (49)% in FY 2021 compared with FY 2019. You can email the site owner to let them know you were blocked. It has affected so many people around the world. 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. As a leader in the hospitality sector . This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 217.61.142.251 Cloudflare Ray ID: 7a2f1819ababf6ad View File. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 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). Universal Registration Document. 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. - Lacey Pfalz, Associate Writer, TravelPulse. The Asia-Pacific region enjoyed a sequential improvement in RevPAR (+9 percentage points between the third and fourth quarters) after a third quarter hit by tighter Covid restrictions. Two key issues to tackle will be food and buildings. It reinforces some of the Groups fundamental commitments, such as curbing its environmental footprint, and identifies new objectives which dovetail with both the changes to the business model and its strategic priorities, such as Food & Beverage and the sustainable management of its property portfolio through HotelInvest. You can email the site owner to let them know you were blocked. 47 million, largely due to the full consolidation of sbe since Q4 2020. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. 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). As of end of December 2021, combined . Investor feedback suggests a yield in a mid-to-high 2% . Cloudflare Ray ID: 7a2f1821ef190cc1 Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Key performance indicators. . 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. 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. It follows the GRI methodology and use selected Standards with a GRI . 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. Key considerations and . 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. . 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. We also endeavour to incorporate stakeholder focus 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. Key Achievements-. 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). It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 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. 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). 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. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. At Shell, we are doing everything we can to help in the global response to the virus. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Included in the Integrated Report (Section 6 - p. 120) Download. 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. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Accor. 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. 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. 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. Sustainable Food and Beverage. 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. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. 16.3 mb. 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. 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. The assessment included seeking internal and external stakeholder feedback. Your IP: The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Sustainability is integral to how we contribute to social value creation. Dec 2016 - Jan 20181 year 2 months. 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. Many have lost their lives. We share our vision of digital transformation with purpose, our strategy and our . 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 . Your IP: Guest Service Agent - Club Sofitel Lounge. Environment & CSR. 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. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Our Future is About Sustainable Growth. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Environmental Sustainability Highlights 2019/2020 - Hyatt About Today, we want to scale up our ambitions by banking on innovation and accountability. Recycling program in place. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Each year Loomis publishes an integrated annual and sustainability report. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts The Report can be accessed here. 2017 Report. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. 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. Sustainability Disclosure 2021. See stock description. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. The action you just performed triggered the security solution. Innovation is integral to Kering's sustainability policy. 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. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. 00:00. Your IP: 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. View File. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Revenue Manager. *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. Ben van Beurden, CEO. and its hotels to measure and improve its sustainability performance long-term with specific goals. 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. PDF 10.87MB; ESG Databook. SUSTAINABILITY AND CSR REPORT 2018. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. This performance was linked to the recovery in business which reflected better absorption of fixed costs. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. Performance & security by Cloudflare. 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. You can email the site owner to let them know you were blocked. Melbourne, Victoria, Australia. 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). 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. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . ESG challenges - i.e., Environmental, Social and Governance (ESG . Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. With the remit of defining, managing and coordinating the commitments, strategy and roll-out of Group action plans in terms of sustainable development, Brune Poirson joined Accor and its Executive Committee as Sustainable Development Director. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. 2018 Consolidated Non-Financial Information. Letter from the CEO. Double our percentage of women in leadership to 34%. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Each solution measures operational impact, costs and environmental performance . 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. ), 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. 75.119.192.80 - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. The Group achieved solid results regarding the actions taken over the 2011-2015 period. accor sustainability report 2020meadowglen lane apartments. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 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. 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. Click to reveal Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. It is core to our strategy and sits at the heart of everything we do. 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. 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. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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. . The Group strives to act for "positive hospitality" and has set ambitious objectives, structured around four strategic pillars: working with our teams, involving our clients . The 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 . The Group controls this new entity through the ownership of a 66.67% stake. All. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Click to reveal 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. 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. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Amcor 2020 Sustainability Report. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. Environmental Policy. For 2022, the Group expects a net unit growth of 3.5%. 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. 2020 Consolidated Non-Financial Information. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Develops talent from within and a strong disciplinarian who leads by example. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. A sustainable commitment to improve your hotel's performance. Working together for a better future. 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. Read full report. 2021 Consolidated Non-Financial Information. 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. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. This change masks disparities between the hard-hit businesses directly related to the Travel segment, such as onefinestay private home rentals, and the digital businesses, such as D-Edge services. Energy-saving guest room controls and building systems. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Moreover, our pipeline continues to flourish, with Luxury & Upscale segment representing close to 40% of future openings, a 12-point increase in the past 4 years. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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.

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