The assessment included seeking internal and external stakeholder feedback. 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. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. 12/16/2021 1 min. You can email the site owner to let them know you were blocked. 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). 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. PDF 10.87MB; ESG Databook. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. This website is using a security service to protect itself from online attacks. . 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)%. 193.32.208.109 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 . 12/28/2022. 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. 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. "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. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. 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. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. 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.. of suppliers regard H&M Group as a fair business partner. 164.46.106.217 Responsible Business Report 2022. The action you just performed triggered the security solution. +7 percentage points between the third and fourth quarters). PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. accor sustainability report 2020meadowglen lane apartments. You can email the site owner to let them know you were blocked. 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. 2021 Integrated report. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. 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. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. The issues we are tackling are systemic, requiring supply chain and business transformation. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. Morroco Ourika. Sustainability is integral to how we contribute to social value creation. This website is using a security service to protect itself from online attacks. Press Releases. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Cloudflare Ray ID: 7a2f18038eaaef6f . Senior Vice President Group External Communications. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. 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 share of recycled materials used in our garments from 5.8% to 17.9%. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Cloudflare Ray ID: 7a2f1821ef190cc1 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. 01/03/2023 02:25 (Paris) 7.74 2.31%. 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. Carbon Neutral Certificate by Farnek. 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. Melbourne, Victoria, Australia. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Each year Loomis publishes an integrated annual and sustainability report. The Company's brands include: Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, ibis, all seasons, Etap hotel, hotelF1, Motel6, as well as Thalassa sea & spa, and Lentre. Operational waste. The report solidifies the company's commitment to creating a sustainable future and making a difference in the lives of employees, guests and the communities in which it operates. 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. Cloudflare Ray ID: 7a2f181ebecd86c6 The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Melco recognized by global environmental disclosure system CDP as one of China's . Many have lost their lives. 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). You can email the site owner to let them know you were blocked. 16.3 mb. Today, we want to scale up our ambitions by banking on innovation and accountability. Click to reveal AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 75.119.192.80 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. See stock description. ), 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. 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. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. 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. Read full report. Click to reveal It was a tough year for everyone. Ben van Beurden, CEO. Dec 2016 - Jan 20181 year 2 months. Responsible Business Report. We also endeavour to incorporate stakeholder focus areas. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. Performance & security by Cloudflare. 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. It's our way of opening our doors and creating opportunities for all. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! 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. made possible thanks to the work of our devoted teams Accor over the world. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Plant wall, fight against food waste, etc. Press releases. 531 kb. - Lacey Pfalz, Associate Writer, TravelPulse. Amcor 2020 Sustainability Report. 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. You can email the site owner to let them know you were blocked. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. 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). It has affected so many people around the world. Performance & security by Cloudflare. Quality Policy. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. A sustainable commitment to improve your hotel's performance. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Sustainability. 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). View File. The action you just performed triggered the security solution. Hyderabad Area, India. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Increase in the Loyalty Mix. 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. 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. The action you just performed triggered the security solution. Sustainable Food and Beverage. A team leader who gets the best out of his staff. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. 217.61.142.251 Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 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. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. 2022 Full-year results. 47 million, largely due to the full consolidation of sbe since Q4 2020. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. SUSTAINABILITY AND CSR REPORT 2018. Our Future is About Sustainable Growth. Korian Share. Your IP: Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Accor AC - Euronext Paris. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Our teams are devoted to fighting against this evil and encourage their customers to do the same. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. Recycling program in place. Cloudflare Ray ID: 7a2f1819ababf6ad 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. The fruit and vegetables from this garden are served in the restaurant. 40% of our Resort's hot water is heated by solar power. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 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 . United Arab Emirates. Performance & security by Cloudflare. September 21st, 2021. All regions are now generating positive EBITDA. Two key issues to tackle will be food and buildings. 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 world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. This website is using a security service to protect itself from online attacks. 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. Accor has set some of the most ambitious sustainability targets in the industry, and in 2021, we committed to achieving net-zero carbon emissions by 2050. 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. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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.