It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Read Letter from the CEO. 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. The . 75.119.192.80 . Sustainability; Home; . . 62.141.45.132 The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Marriott International Reports on Environmental, Social, and Governance During the second half of 2021, the Group returned to a positive cash generation situation. 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. This website is using a security service to protect itself from online attacks. ITC's Sustainability Reports Annual report | Signify Company Website Wilmar International Limited - Asia's Leading Agribusiness Group Letter from the CEO. Guest Service Agent - Club Sofitel Lounge. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. The action you just performed triggered the security solution. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. Dec 2016 - Jan 20181 year 2 months. Sustainability | Melco Resorts & Entertainment You can email the site owner to let them know you were blocked. 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. Innovation is integral to Kering's sustainability policy. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Corporate Sustainability; . This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. Following the announcement of its intention to sponsor the Special Purpose Acquisition Company (SPAC) on May 20, 2021, Accor successfully took part in a private placement and the Euronext Paris initial offering of Accor Acquisition Company (AAC). With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Read full report. Cloudflare Ray ID: 7a2f1819ababf6ad 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. 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. . At year-end 2020, the Group had a hotel portfolio of 753,344 rooms (5,139 hotels) and a pipeline of 212,000 rooms (1,209 hotels), of which 73% in emerging markets. Sustainable Food and Beverage. Water conservation measures in place. The Group achieved solid results regarding the actions taken over the 2011-2015 period. 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 is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Sustainability Reports | Amcor Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. 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. 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. 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. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Tel: 00 971 4 381 8888. Sustainability and diversity detailed in new AccorHotels report A trouble-shooter who is constantly looking to solve problems and see problems as challenges. Energy-saving guest room controls and building systems. Paccor Publishes First Annual Sustainability Report CDL Integrated Sustainability Report 2021 spotlights an adaptable and MGM Resorts International's 2020 Social Impact and Sustainability Included in the Integrated Report (Section 5 - p. 88) download. Sustainability and innovation. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . 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. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. SUSTAINABILITY AND CSR REPORT 2018. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. North Europe showed a more modest sequential improvement (+2 percentage points between the third and fourth quarters) and ended FY 2021 with RevPAR down (57)% compared with FY 2019. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . +7 percentage points between the third and fourth quarters). Cloudflare Ray ID: 7a2f18038eaaef6f Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Two key issues to tackle will be food and buildings. InterContinental Hotels Group Corporate Responsibility | IHG Morroco Ourika. You can email the site owner to let them know you were blocked. . You can email the site owner to let them know you were blocked. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 2021 Sustainability Report. Accor - The commitment to the planet 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 . PDF 10.87MB; ESG Databook. Mercure Dubai Barsha Heights - Sustainability 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 latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. The change in working capital requirement returned to close to breakeven. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. CAC 40. 11/23/2021 3 min. Carbon Neutral Certificate by Farnek. Sustainability and ESG - Accsys Technologies - Lacey Pfalz, Associate Writer, TravelPulse. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Accor says stop to single-use plastic in its hotels by 2022 - English The action you just performed triggered the security solution. Your IP: Green Hotel Dubai | Sustainable Practices | Four Seasons Resort For further information, visit www.sustainablehospitalityalliance.org. Hyderabad Area, India. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Our Future is About Sustainable Growth. 2020. 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. Their report is currently being prepared. 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. Sustainability Report 2022 | Amcor This website is using a security service to protect itself from online attacks. 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. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. The action you just performed triggered the security solution. 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. Press releases | Accor - Newsroom We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . Coupa Software Incorporated - AnnualReports.com Included in the . - 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. 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. Each year Loomis publishes an integrated annual and sustainability report. 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. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. 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. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 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 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. Accor Joins the Sustainable Hospitality Alliance | TravelPulse CAC 40 - INDEXEURO. It's our way of opening our doors and creating opportunities for all. 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. Reporting - olamgroup.com Read full report. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. 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. As of end of December 2021, combined . 2018 Consolidated Non-Financial Information. It was a tough year for everyone. Your IP: Cloudflare Ray ID: 7a2f1863d83a23d4 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. Sustainability Reports | CapitaLand Your IP: Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Integrated Report 2020 - Atos 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Senior Vice President Group External Communications. 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. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. We share our vision of digital transformation with purpose, our strategy and our . Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Eco-designed materials used in the bedrooms. Click to reveal Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 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. Environment & CSR. Novotel Hyderabad Airport. Accor AC - Euronext Paris. 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. At the end of 2021, 25% of leadership positions are filled by women. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. Follow us on . To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Click to reveal Accor - Commitment 6/24/2020. Waste Reduction. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. The program for 2020 was drawn up in consultation with the teams. 01/03/2023 02:25 (Paris) 7.74 2.31%. It follows the GRI methodology and use selected Standards with a GRI . It describes the Company's sustainability platform, material focus areas, goals and results. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Environment & CSR - Accor During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. 2020 Consolidated Non-Financial Information. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts Consensus ESG Ratings info for Accor | Company Ratings Our teams are devoted to fighting against this evil and encourage their customers to do the same. It was a tough year for Shell, but also a year when we set a clear path for our future. hide. ), 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. 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. 12/16/2021 1 min. 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. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Cloudflare Ray ID: 7a2f1821ef190cc1 Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 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. Our 21st Sustainability Report covers the period 01 January 2021 . THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. 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. 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. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Accor joins global sustainability network, the Sustainable Hospitality No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . 67.211.219.14 A team leader who gets the best out of his staff. Your IP: 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. Your IP: 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. Performance & security by Cloudflare. Ethics and Corporate Social Responsibility Charter. Sustainability is integral to how we contribute to social value creation. 2021 ESG REPORT. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Besides, Accor will continue working on restoring its pre-Covid credit profile and could contemplate an additional return beyond its ordinary dividend subject to the respect of this objective. 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. Letter from the CEO - Shell Sustainability Report 2019 There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. A sustainable commitment to improve your hotel's performance. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. The Report can be accessed here. 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). Each solution measures operational impact, costs and environmental performance . For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Performance & security by Cloudflare. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. 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. 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. room and apartment distribution activities and managed properties). Environmental, Social, and Governance (ESG) - Coupa Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Key considerations and . Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Two key issues to tackle will be food and buildings. of suppliers regard H&M Group as a fair business partner. Hilton - TRAVEL WITH PURPOSE 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. 00:00. 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). 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).