This website is using a security service to protect itself from online attacks. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. This website is using a security service to protect itself from online attacks. 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. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. 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. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Accor: Our Planet 21 sustainable development program . 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. Corporate reporting and sustainability policy statement Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 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. 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. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Innovation is integral to Kering's sustainability policy. The action you just performed triggered the security solution. During 2021, Accor organically opened 288 hotels, representing 41,000 rooms, resulting in a net growth in the network of 3% over the 12-month period. Your IP: The covenant was not tested on the two test dates of June 30 and December 31, 2021. Mercure Dubai Barsha Heights - Sustainability South Europe, driven by France, reported a (41)% decline in RevPAR over 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive In 2013, for example, Kering founded the Material Innovation Lab, which provides the Group's Houses with more than 3,000 sustainable fabric and textile samples. 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. 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. 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. 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. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Annual report | Signify Company Website The report covers the period 1 January to 31 December. Water-efficient landscaping. 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. 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. 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. Eco-designed materials used in the bedrooms. Included in the . 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). 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. This result contributes to creating a great place to work. Cloudflare Ray ID: 7a2f1819ababf6ad Operational waste. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its Carbon Neutral Certificate by Farnek. . Reports and Policies - Huawei All regions are now generating positive EBITDA. 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. You can email the site owner to let them know you were blocked. We measure and report on our Scope 1, Scope 2 . 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. 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. 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. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Cloudflare Ray ID: 7a2f181ebecd86c6 Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. Here you can filter our content according to your activity and your interests. CDL Integrated Sustainability Report 2021 spotlights an adaptable and Sustainability | Melco Resorts & Entertainment The issues we are tackling are systemic, requiring supply chain and business transformation. During the second half of 2021, the Group returned to a positive cash generation situation. 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, After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). SUSTAINABILITY AND CSR REPORT 2019. made possible thanks to the work of our devoted teams Accor over the world. KR Rakesh - Cluster Revenue Manager, RMCC Shanghai- Asia - LinkedIn 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. 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. 164.46.106.217 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. 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. This increase reflected the sharp recovery in business during the second half of the year. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Sustainability and innovation. Corporate Sustainability; . Environmental, Social, and Governance (ESG) - Coupa Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . 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. incentive fees based on the hotel operating margin. Corporate Sustainability - Sustainability - Grupo ACS Your IP: Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 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. It describes the Company's sustainability platform, material focus areas, goals and results. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. In 2019, this bond had been partially redeemed for the amount of 350 million. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts Sustainability Report | Central Plaza Hotel (CENTEL) 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. 40% of our Resort's hot water is heated by solar power. 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. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. Performance & security by Cloudflare. Live stock. Responsible Business - InterContinental Hotels Group PLC Sustainability Report 2022 | Amcor Sustainability & Environmental Responsibility | Social - Gore Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Recycling program in place. 217.61.142.251 - Lacey Pfalz, Associate Writer, TravelPulse. We also endeavour to incorporate stakeholder focus areas. Quality Policy. Reported revenue for the period reflects the following factors: Consolidated RevPAR was down 62.0% overall for the full-year, and down 64.5% for the second semester. Sustainability Reports | CapitaLand To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. United Arab Emirates. . Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. 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. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. 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. After five years, the results of the first phase of the plan are very encouraging. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Plant wall, fight against food waste, etc. Today, we want to scale up our ambitions by banking on innovation and accountability. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. 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. Accor says stop to single-use plastic in its hotels by 2022 - English 67.211.219.14 Accor wraps lender calls on 500M of sustainability-linked bonds 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. Revenue Manager. 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. 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. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Melbourne, Victoria, Australia. PDF document. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. InterContinental Hotels Group Corporate Responsibility | IHG It is one of four key enablers to deliver our Strategic Plan. 12/28/2022. 2020 Consolidated Non-Financial Information. Accor's unmatched position in lifestyle hospitality one of the fastest growing categories in the industry is led by Ennismore, a joint venture, which Accor holds a majority shareholding. 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. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. 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. Click to reveal As a leader in the hospitality sector . Increase in the Loyalty Mix. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). The proceeds of this issue were partly used to refinance existing debt of 448 million with maturities in 2023 and 2024, through a Liability Management operation coupled to this bond issue. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Paccor Publishes First Annual Sustainability Report Sustainability and diversity detailed in new AccorHotels report Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Accor. . Accor Planet 21 Background . Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Accor joins global sustainability network, the Sustainable Hospitality Full-Year 2020 Results Accor demonstrates resilience and adaptability Sustainability Disclosure 2021. See stock description. Energy-saving guest room controls and building systems. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. PDF document. Full-Year 2022 Results. Press releases | Accor - Newsroom The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 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. 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. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. It is core to our strategy and sits at the heart of everything we do. AccorHotels takes its corporate responsibility to the next level with The new system aims higher and is more accommodating as regards local specifics and operational realities. 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. PDF Accor Planet 21 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. 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. 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. 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. 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. 00:00. This plan was the Groups way of encouraging the hospitality business to do Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Included in the Integrated Report (Section 6 - p. 120) Download. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. accor sustainability report 2020meadowglen lane apartments. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. HotelServices EBITDA was positive at 93 million for 2021. 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. 2019: Strong results and a successful transformation | Accor - Newsroom ESG Reporting & Disclosure | Mondelz International, Inc. Strong growth in consolidated revenue. ESG | Korian The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Universal Registration Document. MGM Resorts International's 2020 Social Impact and Sustainability Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Third-quarter 2021 revenue of 589 million up 79% like-for-like | Accor Read full report. Dec 2016 - Jan 20181 year 2 months. and Goals pdf 137671 BHP Climate Transition Action Plan 2021 pdf 2677572 BHP Climate Change Report 2020 pdf 3112031 BHP Scope 1, 2 and 3 GHG Emissions . Read full report. Reporting - olamgroup.com 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). 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. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Two key issues to tackle will be food and buildings. This website is using a security service to protect itself from online attacks. 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.
Prudential Center Suite Seating Chart,
How To Turn Off Triple Tap Zoom Iphone,
Tulsa Mclain Football Roster,
Thiele Wildlife Photography Ranch,
For Sale By Owner Duchesne County, Utah,
Articles A