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Waste Reduction. Amcor 2019 GRI Report. Press Releases. We are working to reduce the environmental impacts of our operations through our EnviroAction program. Click to reveal Environmental Policy. The expansion of The Pledge comes at a time when travellers' awareness of and demand for tourism sustainability practices continues to grow, with Millennials and GenZ taking the lead with heightened environmental consciousness. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. 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. 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Accor's sustainability approach includes initiatives at your hotel to . the share of recycled materials used in our garments from 5.8% to 17.9%. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. SUSTAINABILITY AND CSR REPORT 2019. The action you just performed triggered the security solution. During the second half of 2021, the Group returned to a positive cash generation situation. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. HotelServices EBITDA was positive at 93 million for 2021. 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. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. 164.46.106.217 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. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. You can email the site owner to let them know you were blocked. This performance was linked to the recovery in business which reflected better absorption of fixed costs. 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. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. This website is using a security service to protect itself from online attacks. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts Cloudflare Ray ID: 7a2f181b2b5e1623 Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 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. - Lacey Pfalz, Associate Writer, TravelPulse. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. As a leader in the hospitality sector . 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. 11/23/2021 3 min. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . 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. 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. 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. The program for 2020 was drawn up in consultation with the teams. . As of end of December 2021, combined with the two undrawn credit facilities of 1.8 billion, Accor had a liquidity position of 3.4 billion. You can email the site owner to let them know you were blocked. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. We measure and report on our Scope 1, Scope 2 . 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. Tel: 00 971 4 381 8888. . Eco-designed materials used in the bedrooms. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Two key issues to tackle will be food and buildings. Double our percentage of women in leadership to 34%. Responsible Business Report 2022. 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. This plan was the Groups way of encouraging the hospitality business to do 00:00. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. During the first quarter of 2021, two capital increases were completed for the amounts of 150 million (of which 45 million for Accor) and of 327 million (of which 109 million for Accor). 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). Click to reveal Read Letter from the CEO. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. . It has affected so many people around the world. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. +7 percentage points between the third and fourth quarters). 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. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. View File. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. 2022 Full-year results. 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. 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. Environment & CSR. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. This result contributes to creating a great place to work. 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. The assessment included seeking internal and external stakeholder feedback. Senior Vice President Group External Communications. 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 MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. 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. Develops talent from within and a strong disciplinarian who leads by example. Innovation is integral to Kering's sustainability policy. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. 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. A sustainable commitment to improve your hotel's performance. Premium, Midscale, Economy. Cloudflare Ray ID: 7a2f181ebecd86c6 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. *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. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Key performance indicators. - 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 Integrated Report (Section 5 - p. 88) download. 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. Accor AC - Euronext Paris. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. For further information, visit www.sustainablehospitalityalliance.org. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Planet 21 Season 1 [2011-2015]: a solid track record. Hyderabad Area, India. Letter from the CEO. This website is using a security service to protect itself from online attacks. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 67.211.219.14 The issues we are tackling are systemic, requiring supply chain and business transformation. 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. 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 . PDF 2.23MB Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. 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. Mar 2021 - Apr 20221 year 2 months. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. reduction in plastic packaging. 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)%. We also endeavour to incorporate stakeholder focus areas. 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. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 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. . The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Working together for a better future. 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. 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. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. 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 . Cloudflare Ray ID: 7a2f1863d83a23d4 2011-2020 Huawei Consumer Business . . Universal Registration Document. 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). Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. 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. Investor feedback suggests a yield in a mid-to-high 2% . For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. 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. ), 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. Strong growth in consolidated revenue. Follow us on . It's our way of opening our doors and creating opportunities for all. It describes the Company's sustainability platform, material focus areas, goals and results. Key considerations and . 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. 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. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! and its hotels to measure and improve its sustainability performance long-term with specific goals. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 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. As of end of December 2021, combined . 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. Performance & security by Cloudflare. 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). It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. We share our vision of digital transformation with purpose, our strategy and our . Luxury & Lifestyle. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 After five years, the results of the first phase of the plan are very encouraging. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 217.61.142.251 Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its 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. It was a tough year for Shell, but also a year when we set a clear path for our future.