accor sustainability report 2020romain 12 2 explication

Your IP: 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. Your IP: During the second half of 2021, the Group returned to a positive cash generation situation. 2018 Consolidated Non-Financial Information. Carbon Neutral Certificate by Farnek. Performance & security by Cloudflare. 193.32.208.109 . 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 has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. All. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. "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. Click to reveal Full-Year 2022 Results. Our 21st Sustainability Report covers the period 01 January 2021 . The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . Energy-saving guest room controls and building systems. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . 47 million, largely due to the full consolidation of sbe since Q4 2020. This redemption was notably funded through the issuance of bonds convertible and/or exchangeable into new and/or existing shares (OCEANEs) on December 7, 2020. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Accor Planet 21 Background . All regions are now generating positive EBITDA. This improvement in demand meant that average room rates came close to or, in many destinations at the end of 2021, even exceeded pre-Covid-19 levels. The fruit and vegetables from this garden are served in the restaurant. Sustainability and innovation. Performance & security by Cloudflare. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. Click to reveal +7 percentage points between the third and fourth quarters). 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). 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. 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. made possible thanks to the work of our devoted teams Accor over the world. and its hotels to measure and improve its sustainability performance long-term with specific goals. ), 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. 62.141.45.132 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. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 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. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. 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. 12/16/2021 1 min. Tel: 00 971 4 381 8888. Environmental Policy. 2021 Integrated report. Environment & CSR. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. This decline reflects an environment disrupted by the resurgence of the Covid-19 pandemic, despite a marked improvement in global business levels from April 2021. 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. You can email the site owner to let them know you were blocked. 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. It is one of four key enablers to deliver our Strategic Plan. 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. 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. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . 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). On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. . 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. 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. Guest Service Agent - Club Sofitel Lounge. View File. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. The Group controls this new entity through the ownership of a 66.67% stake. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. Click to reveal Accor is concentrating its efforts on ensuring the return to profitability initiated in 2021, capitalizing on the activity rebound and the positive recurring impact from its RESET cost savings plan. We measure and report on our Scope 1, Scope 2 . Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. Read full report. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. . Performance & security by Cloudflare. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Accor. 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. Our Future is About Sustainable Growth. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 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. 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 . Sustainability Disclosure 2021. You can email the site owner to let them know you were blocked. Hyderabad Area, India. Click to reveal 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Your IP: 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. 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. 40% of our Resort's hot water is heated by solar power. Click to reveal Strong growth in consolidated revenue. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Sustainable Food and Beverage. Cloudflare Ray ID: 7a2f18038eaaef6f 00:00. hide. 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. 164.46.106.217 You can email the site owner to let them know you were blocked. It follows the GRI methodology and use selected Standards with a GRI . 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. 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. It describes the Company's sustainability platform, material focus areas, goals and results. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. Melco recognized by global environmental disclosure system CDP as one of China's . Key Achievements-. 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. Novotel Hyderabad Airport. The action you just performed triggered the security solution. 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. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. PDF 2.23MB Letter from the CEO. Many have lost their lives. 2017 Report. 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. Ethics and Corporate Social Responsibility Charter. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. The . 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. . Revenue Manager. Waste Reduction. Press releases. 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. The covenant was not tested on the two test dates of June 30 and December 31, 2021. This website is using a security service to protect itself from online attacks. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Cloudflare Ray ID: 7a2f181ebecd86c6 We also endeavour to incorporate stakeholder focus areas. 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. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. of suppliers regard H&M Group as a fair business partner. Develops talent from within and a strong disciplinarian who leads by example. notably in the Food & Beverage segment, but also for flex office activities, wellness, entertainment and events as well as technologies linked to the hotel industry. This 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. Letter from the CEO. 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. 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. 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. The program for 2020 was drawn up in consultation with the teams. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. This result contributes to creating a great place to work. Included in the . Organic waste diversion program in place. You can email the site owner to let them know you were blocked. Water conservation measures in place. 2021 ESG REPORT. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. 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). Premium, Midscale, Economy. This focus on sustainability is directly aligned with our promise of Together, improving life, and our long-established values, culture and commitment to Associates, customers and communities. 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. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . 11/23/2021 3 min. This plan was the Groups way of encouraging the hospitality business to do It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Cloudflare Ray ID: 7a2f1819ababf6ad CAC 40 - INDEXEURO. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. 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 action you just performed triggered the security solution. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. With the remit of stepping up development of the two brands by rolling out exceptional offerings and cultural excellence with its teams, Accor appointed Stephen Alden to its Executive Committee and is CEO of the Raffles and Orient Express brands. We keep a close eye on our key extra-financial performance indicators in order to demonstrate the results we achieve and the shared value that we create. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. 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. 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. 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 MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The report covers the period 1 January to 31 December. Performance & security by Cloudflare. The action you just performed triggered the security solution. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. September 21st, 2021. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. This website is using a security service to protect itself from online attacks. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. PDF document. See stock description. 00:00. 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. reduction in plastic packaging. Wilmar International Limited - Asia's Leading Agribusiness Group The proceeds of this issue were partly used to refinance existing debt of 448 million with maturities in 2023 and 2024, through a Liability Management operation coupled to this bond issue.

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