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). 11/23/2021 3 min. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Two key issues to tackle will be food and buildings. Our Future is About Sustainable Growth. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Wilmar International Limited - Asia's Leading Agribusiness Group Included in the Integrated Report (Section 6 - p. 120) Download. After five years, the results of the first phase of the plan are very encouraging. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. 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 was a tough year for Shell, but also a year when we set a clear path for our future. 2022 Full-year results. 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. PDF document. 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. 12/28/2022. Ethics and Corporate Social Responsibility Charter. Although the effects of this unprecedented crisis linked to the Covid-19 pandemic have not yet fully disappeared, all of the Groups geographies now appear to be well on the way to enjoying more normative levels of business. 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. Cloudflare Ray ID: 7a2f18038eaaef6f At Accor, we ask our customers to reuse their towels. Quality Policy. 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. 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. A sustainable commitment to improve your hotel's performance. CAC 40. Develops talent from within and a strong disciplinarian who leads by example. 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. The Group achieved solid results regarding the actions taken over the 2011-2015 period. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. RevPAR was down (49)% in FY 2021 compared with FY 2019. 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. 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. 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). 16.3 mb. Each solution measures operational impact, costs and environmental performance . Sustainability and innovation. It is core to our strategy and sits at the heart of everything we do. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. At the end of December 2021, the Group had a hotel portfolio of 777,714 rooms (5,298 hotels) and a pipeline of 214,000 rooms (1,218 hotels). 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 announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. 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). WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. 193.32.208.109 2018 Consolidated Non-Financial Information. 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. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. 62.141.45.132 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. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. 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. The report covers the period 1 January to 31 December. We share our vision of digital transformation with purpose, our strategy and our . Guest Service Agent - Club Sofitel Lounge. 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. 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. Live stock. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. . It's our way of opening our doors and creating opportunities for all. It describes the Company's sustainability platform, material focus areas, goals and results. Click on the brand of your choice if you want to filter the benefits. Performance & security by Cloudflare. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. 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. 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. September 21st, 2021. 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. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Responsible Business Report 2022. Luxury & Lifestyle. Your IP: A team leader who gets the best out of his staff. reduction in plastic packaging. 00:00. It is one of four key enablers to deliver our Strategic Plan. 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. Senior Vice President Group External Communications. The Group controls this new entity through the ownership of a 66.67% stake. "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. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Melco recognized by global environmental disclosure system CDP as one of China's . The action you just performed triggered the security solution. Operational waste. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. PDF 2.23MB The report solidifies the company's commitment to creating a sustainable future and making a difference in the lives of employees, guests and the communities in which it operates. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. 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. This website is using a security service to protect itself from online attacks. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Included in the . A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). You can email the site owner to let them know you were blocked. Responsible Business Report. In 2019, this bond had been partially redeemed for the amount of 350 million. Environmental Policy. . 6/24/2020. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. This website is using a security service to protect itself from online attacks. 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. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 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. Amcor 2020 Sustainability Report. Many have lost their lives. 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. CAC 40 - INDEXEURO. 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. It has affected so many people around the world. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. 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. Eco-designed materials used in the bedrooms. 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 . 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. Key Achievements-. Included in the Integrated Report (Section 5 - p. 88) download. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. made possible thanks to the work of our devoted teams Accor over the world. Cloudflare Ray ID: 7a2f1863d83a23d4 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. View File. Cloudflare Ray ID: 7a2f1821ef190cc1 You can email the site owner to let them know you were blocked. 164.46.106.217 The action you just performed triggered the security solution. Accor is a committed, inclusive company that strives to limit its carbon footprint and impact on the planet, and to respond to travelers' concerns about social and environmental responsibility. For 2022, the Group expects a net unit growth of 3.5%. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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, 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. . Performance & security by Cloudflare. This increase reflected the sharp recovery in business during the second half of the year. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. - 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. The covenant was not tested on the two test dates of June 30 and December 31, 2021. hide. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. All. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Sustainability Disclosure 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. 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. 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 performance was linked to the recovery in business which reflected better absorption of fixed costs. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! 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. Click to reveal 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. We are working to reduce the environmental impacts of our operations through our EnviroAction program. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. Your IP: The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Your IP: Press releases. SUSTAINABILITY AND CSR REPORT 2019. You can email the site owner to let them know you were blocked. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. For further information, visit www.sustainablehospitalityalliance.org. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Read full report. Our Future is About Sustainable Growth. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. During the second half of 2021, the Group returned to a positive cash generation situation. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . 2021 Consolidated Non-Financial Information. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. This website is using a security service to protect itself from online attacks. Universal Registration Document. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 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. United Arab Emirates. 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. +7 percentage points between the third and fourth quarters). The fruit and vegetables from this garden are served in the restaurant. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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. Your IP: The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals.

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