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Double our percentage of women in leadership to 34%. 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. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. 62.141.45.132 (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. 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. Accor : 2021 Integrated report | MarketScreener Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . Aligned with the United Nations Sustainable Development Goals (SDGs), they commit to drive continued action on human rights, youth employment, climate action and water stewardship. 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. Annual report | Signify Company Website Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Allianz Sustainability Report 6/24/2020. Sustainable Food and Beverage. Sustainability Disclosure 2021. Included in the Integrated Report (Section 6 - p. 120) Download. PDF Wilmar International Limited - Asia's Leading Agribusiness Group Annual Reports and Responsible Business Reports 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 . 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). HotelServices EBITDA was positive at 93 million for 2021. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. The action you just performed triggered the security solution. The Group achieved solid results regarding the actions taken over the 2011-2015 period. 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 . Accor's Full-Year 2021 Results: Significant rebound in activity - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. 2020. Environmental Policy. Follow us on . Guest Service Agent - Club Sofitel Lounge. Building on the strength of our teams and of our holistic ecosystem of leading brands, personalized services & expert solutions, we break new ground to reimagine hospitality and inspire new ways to experience the world. Click to reveal It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. Read full report. Third-quarter 2021 revenue of 589 million up 79% like-for-like | Accor Consensus ESG Ratings info for Accor | Company Ratings 2021 Consolidated Non-Financial Information. Cloudflare Ray ID: 7a2f181ebecd86c6 It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. 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. View File. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. 12/28/2022. 67.211.219.14 This result contributes to creating a great place to work. The program for 2020 was drawn up in consultation with the teams. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Full-Year 2020 Results Accor demonstrates resilience and adaptability Corporate Sustainability - Sustainability - Grupo ACS Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. 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. 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. . Ben van Beurden, CEO. 2021 Sustainability Report. In 2019, this bond had been partially redeemed for the amount of 350 million. Cloudflare Ray ID: 7a2f18038eaaef6f Energy-saving guest room controls and building systems. Hilton - TRAVEL WITH PURPOSE Sustainability is integral to how we contribute to social value creation. Plant wall, fight against food waste, etc. PDF Environmental Sustainability Highlights 2019/2020 - Hyatt About Accor: Our Planet 21 sustainable development program You can email the site owner to let them know you were blocked. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. You can email the site owner to let them know you were blocked. Develops talent from within and a strong disciplinarian who leads by example. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. It was a tough year for everyone. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. 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 coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . 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. 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. accor sustainability report 2020 164.46.106.217 For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. Click to reveal This website is using a security service to protect itself from online attacks. - Lacey Pfalz, Associate Writer, TravelPulse. 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. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. It is one of four key enablers to deliver our Strategic Plan. 75.119.192.80 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. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. PDF document. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. This website is using a security service to protect itself from online attacks. Three points should be noted: During FY 2021, Group recurring free cash flow improved significantly, from (727) million in FY 2020 to (246) million in FY 2021. Luxury & Lifestyle. Hyderabad Area, India. Your IP: PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. 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. This performance was linked to the recovery in business which reflected better absorption of fixed costs. See stock description. . Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. Click to reveal For 2022, the Group expects a net unit growth of 3.5%. hide. Revenue Manager. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Click on the brand of your choice if you want to filter the benefits. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. 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. Click to reveal ESG challenges - i.e., Environmental, Social and Governance (ESG . Shell Sustainability Report 2020 - Home 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. Press releases | Accor - Newsroom Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Sustainability and innovation. During the second half of 2021, the Group returned to a positive cash generation situation. Sustainability. Two key issues to tackle will be food and buildings. 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. . . On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its The new system aims higher and is more accommodating as regards local specifics and operational realities. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Today, we want to scale up our ambitions by banking on innovation and accountability. This website is using a security service to protect itself from online attacks. Melbourne, Victoria, Australia. 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. This website is using a security service to protect itself from online attacks. To provide the hotels with effective support as they deploy this new plan, Charter 21, the in-house sustainable development management system for hoteliers, has evolved and been renamed Planet 21 in Action. Corporate Sustainability; . Accor joins global sustainability network, the Sustainable Hospitality CAC 40. . It describes the Company's sustainability platform, material focus areas, goals and results. A sustainable commitment to improve your hotel's performance. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). Coupa provides a unified, cloud-based spend management platform that connects hundreds of . These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. ESG Reporting & Disclosure | Mondelz International, Inc. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. Wilmar International Limited - Asia's Leading Agribusiness Group Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. 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. As a leader in the hospitality sector . French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. 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. The covenant was not tested on the two test dates of June 30 and December 31, 2021. 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. Each year Loomis publishes an integrated annual and sustainability report. Sustainability reporting | BHP Letter from the CEO. The assessment included seeking internal and external stakeholder feedback. 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. We share our vision of digital transformation with purpose, our strategy and our . 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. The action you just performed triggered the security solution. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. - 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. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. 2019: Strong results and a successful transformation | Accor - Newsroom 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. Coupa Software Incorporated - AnnualReports.com 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. Sustainability Reports | Amcor 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. 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. Sustainability Report 2022 | Amcor Quality Policy. PDF document. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . PDF version of our 2020 Sustainability Review - a summary of our approach and performance. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). 47 million, largely due to the full consolidation of sbe since Q4 2020. Performance & security by Cloudflare. accor sustainability report 2020meadowglen lane apartments. Accor is a hotel management company founded in 1967 and based in Paris, France. Eco-designed materials used in the bedrooms. Sustainability special report | Kering Two key issues to tackle will be food and buildings. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. 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. This plan was the Groups way of encouraging the hospitality business to do Read full report. Each solution measures operational impact, costs and environmental performance . 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. Waste Reduction. 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. 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. . At the end of 2021, between 25% and 27% of our revenues comes from lighting innovations that increase food availability, safety & security, or health & wellbeing. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. reduction in plastic packaging. Environmental Sustainability Highlights 2019/2020 - Hyatt About The Report can be accessed here. After five years, the results of the first phase of the plan are very encouraging. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Paccor Publishes First Annual Sustainability Report Sustainability | Melco Resorts & Entertainment 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. All regions are now generating positive EBITDA. Organic waste diversion program in place. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Environmental, Social, and Governance (ESG) - Coupa Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 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 . 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 Accor has been a committed group for many years, and has constantly worked to redefine boundaries. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. 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). Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! The action you just performed triggered the security solution. CDL Integrated Sustainability Report 2021 spotlights an adaptable and As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Key Achievements-. 11/23/2021 3 min. The action you just performed triggered the security solution. Investor feedback suggests a yield in a mid-to-high 2% . Full-Year 2022 Results. Accor Joins the Sustainable Hospitality Alliance | TravelPulse Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. . At the end of 2021, 25% of leadership positions are filled by women. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. 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. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. At Accor, we ask our customers to reuse their towels. 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. The Executive Summary has been crafted to provide its reader a quick overview of ITC's Sustainability journey in FY2022, serving as a concise yet comprehensive companion to the detailed Sustainability and . Operational waste. *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.