Performance & security by Cloudflare. You can email the site owner to let them know you were blocked. Sustainability and innovation. Eco-designed materials used in the bedrooms. . 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Planet 21 Season 1 [2011-2015]: a solid track record. 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 of end of December 2021, combined . 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. You can email the site owner to let them know you were blocked. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. 2021 ESG REPORT. Responsible Business Report. Strong growth in consolidated revenue. Performance & security by Cloudflare. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. . Carbon Neutral Certificate by Farnek. 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. Cloudflare Ray ID: 7a2f1863d83a23d4 Wilmar International Limited - Asia's Leading Agribusiness Group 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. Download Snacking Made Right ESG Report. 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 Report can be accessed here. Your IP: room and apartment distribution activities and managed properties). The report covers the period 1 January to 31 December. Here you can filter our content according to your activity and your interests. Each year Loomis publishes an integrated annual and sustainability report. Press Releases. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. The action you just performed triggered the security solution. Plant wall, fight against food waste, etc. You can email the site owner to let them know you were blocked. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 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. . This increase reflected the sharp recovery in business during the second half of the year. Morroco Ourika. Tel: 00 971 4 381 8888. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 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. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. Their report is currently being prepared. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Click to reveal Amcor 2020 Sustainability Report. See stock description. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Accor is a hotel management company founded in 1967 and based in Paris, France. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. Innovation is integral to Kering's sustainability policy. Melbourne, Victoria, Australia. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. Korian Share. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 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. 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. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. You can email the site owner to let them know you were blocked. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 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. For further information, visit www.sustainablehospitalityalliance.org. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. SUSTAINABILITY AND CSR REPORT 2018. You can email the site owner to let them know you were blocked. Melco recognized by global environmental disclosure system CDP as one of China's . PDF 2.23MB 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. Increase in the Loyalty Mix. 2019 Sustainability Review. CAC 40. 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. Sbastien Bazin, Chairman and Chief Executive Officer of Accor, said:Despite a disrupted start of the year due to overall health restrictions, 2021 showed significant improvement in our business, as of the spring, with trends picking-up month after month right up to December. 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. The new system aims higher and is more accommodating as regards local specifics and operational realities. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. At Accor, we ask our customers to reuse their towels. 2020. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Key considerations and . 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 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Click to reveal 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. Water-efficient landscaping. Corporate Sustainability; . *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. 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. Sustainability Disclosure 2021. accor sustainability report 2020meadowglen lane apartments. 00:00. 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). 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. 40% of our Resort's hot water is heated by solar power. 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. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 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. Cloudflare Ray ID: 7a2f181b2b5e1623 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. 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. It describes the Company's sustainability platform, material focus areas, goals and results. RevPAR was down (49)% in FY 2021 compared with FY 2019. 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. 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). 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). 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 assessment included seeking internal and external stakeholder feedback. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Cloudflare Ray ID: 7a2f181ebecd86c6 The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 2021 Consolidated Non-Financial Information. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Organic waste diversion program in place. 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. 6/24/2020. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. "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. Two key issues to tackle will be food and buildings. Read full report. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. This website is using a security service to protect itself from online attacks. It has affected so many people around the world. 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. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Performance & security by Cloudflare. 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. 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. 12/16/2021 1 min. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. The covenant was not tested on the two test dates of June 30 and December 31, 2021. Click on the brand of your choice if you want to filter the benefits. 217.61.142.251 Dec 2016 - Jan 20181 year 2 months. Performance & security by Cloudflare. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 reduction in plastic packaging. This website is using a security service to protect itself from online attacks. 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). 75.119.192.80 Included in the Integrated Report (Section 5 - p. 88) download. Performance & security by Cloudflare. This website is using a security service to protect itself from online attacks. This result contributes to creating a great place to work. +7 percentage points between the third and fourth quarters). We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. 531 kb. Full-Year 2022 Results. Each solution measures operational impact, costs and environmental performance . ESG challenges - i.e., Environmental, Social and Governance (ESG . Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. Cloudflare Ray ID: 7a2f1819ababf6ad Your IP: Read more >. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. The fruit and vegetables from this garden are served in the restaurant. Cloudflare Ray ID: 7a2f1821ef190cc1 This performance was linked to the recovery in business which reflected better absorption of fixed costs. We also endeavour to incorporate stakeholder focus areas. incentive fees based on the hotel operating margin. After five years, the results of the first phase of the plan are very encouraging. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . 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, The issues we are tackling are systemic, requiring supply chain and business transformation. 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. - Lacey Pfalz, Associate Writer, TravelPulse. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Live stock. hide. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Key Achievements-. Sustainability is integral to how we contribute to social value creation. 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 . As a leader in the hospitality sector . After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. 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. Click to reveal 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. Two key issues to tackle will be food and buildings. 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). View File. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. 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. 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. 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. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. The program for 2020 was drawn up in consultation with the teams. Our teams are devoted to fighting against this evil and encourage their customers to do the same. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Press releases. 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. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. SUSTAINABILITY AND CSR REPORT 2019. Working together for a better future. Environment & CSR. During the second half of 2021, the Group returned to a positive cash generation situation. 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. The Group achieved solid results regarding the actions taken over the 2011-2015 period. Double our percentage of women in leadership to 34%. It's our way of opening our doors and creating opportunities for all. 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. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Develops talent from within and a strong disciplinarian who leads by example. The action you just performed triggered the security solution. 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. 47 million, largely due to the full consolidation of sbe since Q4 2020. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. 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. 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.. Accor Planet 21 Background . Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Mar 2021 - Apr 20221 year 2 months. 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. 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. 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. Included in the Integrated Report (Section 6 - p. 120) Download. 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)%.
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