accor sustainability report 2020

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. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Dec 2016 - Jan 20181 year 2 months. We share our vision of digital transformation with purpose, our strategy and our . In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Accor's sustainability approach includes initiatives at your hotel to . 01/03/2023 02:25 (Paris) 7.74 2.31%. . 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. You can email the site owner to let them know you were blocked. . . It describes the Company's sustainability platform, material focus areas, goals and results. Press Releases. At the end of 2021, 25% of leadership positions are filled by women. 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 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. 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. 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. Premium, Midscale, Economy. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Your IP: Our Future is About Sustainable Growth. 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)%. 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. 00:00. Energy-saving guest room controls and building systems. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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 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. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . 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. Eco-designed materials used in the bedrooms. Sustainable Food and Beverage. HotelServices EBITDA was positive at 93 million for 2021. Amcor 2019 GRI Report. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Cloudflare Ray ID: 7a2f1863d83a23d4 PDF document. The change in working capital requirement returned to close to breakeven. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. As a leader in the hospitality sector . The action you just performed triggered the security solution. The action you just performed triggered the security solution. 2017 Report. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. 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. Your IP: 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. Included in the Integrated Report (Section 6 - p. 120) Download. 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. It is core to our strategy and sits at the heart of everything we do. View File. We measure and report on our Scope 1, Scope 2 . 62.141.45.132 The issues we are tackling are systemic, requiring supply chain and business transformation. 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. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. 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. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Click to reveal The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Responsible Business Report. . room and apartment distribution activities and managed properties). 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 . Waste Reduction. Novotel Hyderabad Airport. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. United Arab Emirates. Performance & security by Cloudflare. 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 achieved solid results regarding the actions taken over the 2011-2015 period. 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. 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. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Plant wall, fight against food waste, etc. 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. View File. 531 kb. Accor. 40% of our Resort's hot water is heated by solar power. It has affected so many people around the world. Accor AC - Euronext Paris. At Shell, we are doing everything we can to help in the global response to the virus. 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). SUSTAINABILITY AND CSR REPORT 2018. You can email the site owner to let them know you were blocked. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. 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. Water conservation measures in place. Each year Loomis publishes an integrated annual and sustainability report. The program for 2020 was drawn up in consultation with the teams. 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. Investor feedback suggests a yield in a mid-to-high 2% . 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 . Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). 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. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. 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. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . As of end of December 2021, combined . Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Today, we want to scale up our ambitions by banking on innovation and accountability. Letter from the CEO. Click to reveal Sustainability. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 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. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Hyderabad Area, India. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 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. Read Letter from the CEO. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. ), 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. 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. Our 21st Sustainability Report covers the period 01 January 2021 . Universal Registration Document. Click to reveal The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Recurring expenditure, which includes key money paid by HotelServices for its development and digital and IT investments, was kept in check, ending the year below the initially indicated range of 150-200 million. 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. All regions are now generating positive EBITDA. 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. Planet 21 Season 1 [2011-2015]: a solid track record. Your IP: 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.

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