The action you just performed triggered the security solution. 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. 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. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. . 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. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Responsible Business Report 2022. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 2020. 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. 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. Morroco Ourika. Accor AC - Euronext Paris. Cloudflare Ray ID: 7a2f1863d83a23d4 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. 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. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. 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. Press releases. As of end of December 2021, combined . 2020 Consolidated Non-Financial Information. This performance was linked to the recovery in business which reflected better absorption of fixed costs. Cloudflare Ray ID: 7a2f1821ef190cc1 Performance & security by Cloudflare. Develops talent from within and a strong disciplinarian who leads by example. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. 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. For 2022, the Group expects a net unit growth of 3.5%. Each year Loomis publishes an integrated annual and sustainability report. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. CAC 40 - INDEXEURO. Click to reveal Ben van Beurden, CEO. 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. Investor feedback suggests a yield in a mid-to-high 2% . A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). 16.3 mb. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 01/03/2023 02:25 (Paris) 7.74 2.31%. Revenue Manager. Live stock. PDF document. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Follow us on . We also endeavour to incorporate stakeholder focus areas. Press Releases. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Their members make up 25% of the global hotel industry by rooms and include 14 world-leading hotel companies including Marriott International, Hilton, IHG, Hyatt and Radisson Hotels Group as well as regional brands. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. . The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. 2022 Full-year results. 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. Luxury & Lifestyle. 12/16/2021 1 min. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. 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. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. - 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. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . A sustainable commitment to improve your hotel's performance. It describes the Company's sustainability platform, material focus areas, goals and results. 2021 Consolidated Non-Financial Information. Sustainability Disclosure 2021. The program for 2020 was drawn up in consultation with the teams. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. . 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). 2019 Sustainability Review. 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. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. . Each solution measures operational impact, costs and environmental performance . Click to reveal 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. During 2021, Accor organically opened 288 hotels, representing 41,000 rooms, resulting in a net growth in the network of 3% over the 12-month period. The action you just performed triggered the security solution. 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. Water-efficient landscaping. 12/28/2022. 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 is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. 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. Tel: 00 971 4 381 8888. 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. 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. *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 2019, this bond had been partially redeemed for the amount of 350 million. This result contributes to creating a great place to work. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. 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). . Full-Year 2022 Results. 164.46.106.217 Letter from the CEO. Our Future is About Sustainable Growth. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. SUSTAINABILITY AND CSR REPORT 2019. 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. All regions are now generating positive EBITDA. Click to reveal 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. Moreover, our pipeline continues to flourish, with Luxury & Upscale segment representing close to 40% of future openings, a 12-point increase in the past 4 years. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Amcor 2019 GRI Report. The issues we are tackling are systemic, requiring supply chain and business transformation. 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. 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. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Strong growth in consolidated revenue. For further information, visit www.sustainablehospitalityalliance.org. As a leader in the hospitality sector . The fruit and vegetables from this garden are served in the restaurant. Our 21st Sustainability Report covers the period 01 January 2021 . 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. Environment & CSR. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 47 million, largely due to the full consolidation of sbe since Q4 2020. ), 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. - Lacey Pfalz, Associate Writer, TravelPulse. After five years, the results of the first phase of the plan are very encouraging. 2011-2020 Huawei Consumer Business . 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). On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Cloudflare Ray ID: 7a2f181b2b5e1623 The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. Performance & security by Cloudflare. This website is using a security service to protect itself from online attacks. 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. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. 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. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. At the end of 2021, 25% of leadership positions are filled by women. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. Since early 2021, this segment includes New Businesses (concierge services, luxury home rentals, private sales of hotel stays and digital services for hotel owners) which continue to be affected in different ways, ranging from the severely affected businesses directly related to the Travel sector, such as onefinestays private home rentals, to the digital businesses, such as the services provided by D-Edge. 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. Working together for a better future. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 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. 2021 ESG REPORT. 531 kb. Two key issues to tackle will be food and buildings. 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. 40% of our Resort's hot water is heated by solar power. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. 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. This website is using a security service to protect itself from online attacks. The new system aims higher and is more accommodating as regards local specifics and operational realities. 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. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. 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). 67.211.219.14 Organic waste diversion program in place. PDF 10.87MB; ESG Databook. 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. Increase in the Loyalty Mix. . 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. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. 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. 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 Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . The assessment included seeking internal and external stakeholder feedback. SUSTAINABILITY AND CSR REPORT 2018. 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. It is core to our strategy and sits at the heart of everything we do. - 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. Included in the . 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). Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. A team leader who gets the best out of his staff. . . Corporate 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. 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. Amcor 2020 Sustainability Report. Cloudflare Ray ID: 7a2f181ebecd86c6 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. Your IP: (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. 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.. This plan was the Groups way of encouraging the hospitality business to do There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Carbon Neutral Certificate by Farnek. September 21st, 2021. Performance & security by Cloudflare. Download Snacking Made Right ESG Report. hide. Ethics and Corporate Social Responsibility Charter. Today, we want to scale up our ambitions by banking on innovation and accountability. 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. Many have lost their lives. Sustainability; Home; . 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). Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Responsible Business Report. It was a tough year for everyone. The action you just performed triggered the security solution. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Recycling program in place. Mar 2021 - Apr 20221 year 2 months. Key Achievements-. 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. 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. Innovation is integral to Kering's sustainability policy. 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). Key performance indicators. Read Letter from the CEO. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts 00:00. Click to reveal 00:00. Eco-designed materials used in the bedrooms. At Shell, we are doing everything we can to help in the global response to the virus. HotelServices EBITDA was positive at 93 million for 2021. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Accor took one bold commitment in 2019/20: eliminate ALL guest-related single-use plastic items in its hotels by end 2022 across 110 countries . Environmental Policy. PDF 2.23MB . 11/23/2021 3 min. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. 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 . 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 . room and apartment distribution activities and managed properties). Your IP: The change in working capital requirement returned to close to breakeven. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. 2021 Sustainability Report. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. The Group controls this new entity through the ownership of a 66.67% stake. . Water conservation measures in place.