accor sustainability report 2020

Double our percentage of women in leadership to 34%. the share of recycled materials used in our garments from 5.8% to 17.9%. 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. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Dec 2016 - Jan 20181 year 2 months. SUSTAINABILITY AND CSR REPORT 2019. Cloudflare Ray ID: 7a2f18038eaaef6f You can email the site owner to let them know you were blocked. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its . The report covers the period 1 January to 31 December. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Your IP: The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Their report is currently being prepared. Your IP: hide. The program for 2020 was drawn up in consultation with the teams. 6/24/2020. Accor: Our Planet 21 sustainable development program 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. Each solution measures operational impact, costs and environmental performance . Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. reduction in plastic packaging. Senior Vice President Group External Communications. Ben van Beurden, CEO. You can email the site owner to let them know you were blocked. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Allianz Sustainability Report 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. All. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. This website is using a security service to protect itself from online attacks. Cloudflare Ray ID: 7a2f181ebecd86c6 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. 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. The new system aims higher and is more accommodating as regards local specifics and operational realities. 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. 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. 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. 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. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. 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. Download Snacking Made Right ESG Report. Cloudflare Ray ID: 7a2f1819ababf6ad Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. 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. Working together for a better future. The action you just performed triggered the security solution. As a leader in the hospitality sector . By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. The assessment included seeking internal and external stakeholder feedback. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Amcor 2019 GRI Report. After five years, the results of the first phase of the plan are very encouraging. 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 Future is About Sustainable Growth. All regions are now generating positive EBITDA. Sbastien Bazin, the Group's Chairman & CEO, stated, "The commitment and energy demonstrated by our teams in deploying Planet 21 worldwide, are both valuable levers for our sustainable performance. 2021 Sustainability Report. 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. 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. 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. 62.141.45.132 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. The action you just performed triggered the security solution. 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. CAC 40. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Sustainability and diversity detailed in new AccorHotels 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. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. Sustainability Reports | Amcor AccorHotels, the world's leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 40% of our Resort's hot water is heated by solar power. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Click to reveal Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Click to reveal New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. 00:00. 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. Guest Service Agent - Club Sofitel Lounge. 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. Press Releases. +7 percentage points between the third and fourth quarters). Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 2019: Strong results and a successful transformation | Accor - Newsroom Melco recognized by global environmental disclosure system CDP as one of China's . Our Future is About Sustainable Growth - Accor Environmental Policy. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. and its hotels to measure and improve its sustainability performance long-term with specific goals. Environmental Sustainability Highlights 2019/2020 - Hyatt About 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. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . 00:00. Our teams are devoted to fighting against this evil and encourage their customers to do the same. 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. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. We share our vision of digital transformation with purpose, our strategy and our . 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. . A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). 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). 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. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. ESG challenges - i.e., Environmental, Social and Governance (ESG . Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . CDL Integrated Sustainability Report 2021 spotlights an adaptable and 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. 12/16/2021 1 min. accor sustainability report 2020meadowglen lane apartments. Waste Reduction. 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. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Sustainability and ESG - Accsys Technologies Included in the . Recycling program in place. 2017 Report. 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. Sustainability is integral to how we contribute to social value creation. Sustainability. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. of suppliers regard H&M Group as a fair business partner. 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). Press releases. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 47 million, largely due to the full consolidation of sbe since Q4 2020. Amcor 2020 Sustainability Report. 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)%. RevPAR was down (49)% in FY 2021 compared with FY 2019. 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. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. 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. . Jon Warmington - General Manager - Accor | LinkedIn 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 : 2021 Integrated report | MarketScreener It's our way of opening our doors and creating opportunities for all. 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. 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). PDF 10.87MB; ESG Databook. 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. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. ESG | Korian Performance & security by Cloudflare. In 2019, this bond had been partially redeemed for the amount of 350 million. 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. accor sustainability report 2020 Third-quarter 2021 revenue of 589 million up 79% like-for-like | Accor There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. AccorHotels takes its corporate responsibility to the next level with The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . 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 . Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. PDF Environmental Sustainability Highlights 2019/2020 - Hyatt About 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. 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. 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. Click to reveal Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. For further information, visit www.sustainablehospitalityalliance.org. Your IP: 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. Annual Reports and Responsible Business Reports Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. At the end of 2021, 25% of leadership positions are filled by women. 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. Accor wraps lender calls on 500M of sustainability-linked bonds It has affected so many people around the world. A team leader who gets the best out of his staff. Your IP: Read more >. Accor is a hotel management company founded in 1967 and based in Paris, France. 12/28/2022. Click on the brand of your choice if you want to filter the benefits. PDF 2.23MB A sustainable commitment to improve your hotel's performance. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Operational waste. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 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 redemption was notably funded through the issuance of bonds convertible and/or exchangeable into new and/or existing shares (OCEANEs) on December 7, 2020. 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 . . Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. 2021 Integrated report. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. 217.61.142.251 Innovation is integral to Kering's sustainability policy. Hyderabad Area, India. . Wilmar International Limited - Asia's Leading Agribusiness Group Premium, Midscale, Economy. Annual report | Signify Company Website 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. 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. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Environment & CSR - Accor 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. Accor's sustainability approach includes initiatives at your hotel to .