193.32.208.109 of suppliers regard H&M Group as a fair business partner. This website is using a security service to protect itself from online attacks. Accor is a hotel management company founded in 1967 and based in Paris, France. Tel: 00 971 4 381 8888. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive room and apartment distribution activities and managed properties). 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. 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. Planet 21 Season 2 must enable us to create wealth sustainably and curb our negative impacts through the mobilization of our employees, guests, partners and local communities. 2019: Strong results and a successful transformation | Accor - Newsroom There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. 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. Plant wall, fight against food waste, etc. Jon Warmington - General Manager - Accor | LinkedIn 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. Third-quarter 2021 revenue of 589 million up 79% like-for-like | Accor Accor says stop to single-use plastic in its hotels by 2022 - English In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. In 2019, this bond had been partially redeemed for the amount of 350 million. Accor wraps lender calls on 500M of sustainability-linked bonds For 2022, the Group expects a net unit growth of 3.5%. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! Green Hotel Dubai | Sustainable Practices | Four Seasons Resort Cloudflare Ray ID: 7a2f181b2b5e1623 PDF 2.23MB 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 coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. 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. Responsible Business - InterContinental Hotels Group PLC You can email the site owner to let them know you were blocked. 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. 62.141.45.132 The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. While business in Saudi Arabia remained held back by tight restrictions weighing on pilgrimages, the United Arab Emirates benefit from demand linked to Expo 2021 which started from October 1, 2021. 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. and its hotels to measure and improve its sustainability performance long-term with specific goals. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Working together for a better future. ITC's Sustainability Reports Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . Corporate Sustainability - Sustainability - Grupo ACS Paccor Publishes First Annual Sustainability Report Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. 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. Melbourne, Victoria, Australia. It has affected so many people around the world. Click to reveal On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. During the second half of 2021, the Group returned to a positive cash generation situation. CAC 40. 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. Cloudflare Ray ID: 7a2f1863d83a23d4 Ben van Beurden, CEO. 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. Full-Year 2022 Results. 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 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. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 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. Energy-saving guest room controls and building systems. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 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 - Commitment 00:00. 16.3 mb. Expedia Group 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. Performance & security by Cloudflare. 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. 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. CAC 40 - INDEXEURO. ESG Reporting & Disclosure | Mondelz International, Inc. Your IP: (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. "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. reduction in plastic packaging. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . 01/03/2023 02:25 (Paris) 7.74 2.31%. The action you just performed triggered the security solution. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. . ESG challenges - i.e., Environmental, Social and Governance (ESG . Accor Planet 21 Background . The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Recycling program in place. The Group controls this new entity through the ownership of a 66.67% stake. 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. 40% of our Resort's hot water is heated by solar power. . Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. 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. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. 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. ), 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. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Dec 2016 - Jan 20181 year 2 months. Accor is a committed, inclusive company that strives to limit its carbon footprint and impact on the planet, and to respond to travelers' concerns about social and environmental responsibility. Revenue Manager. The Report can be accessed here. PDF document. made possible thanks to the work of our devoted teams Accor over the world. Quality Policy. Strong growth in consolidated revenue. This performance was linked to the recovery in business which reflected better absorption of fixed costs. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Planet 21 Season 1 [2011-2015]: a solid track record. . Novotel Hyderabad Airport. 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.. 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. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. It is one of four key enablers to deliver our Strategic Plan. 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). Carbon Neutral Certificate by Farnek. Consensus ESG Ratings info for Accor | Company Ratings As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. 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. The action you just performed triggered the security solution. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. 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. . This increase reflected the sharp recovery in business during the second half of the year. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. View File. Accor's Full-Year 2021 Results: Significant rebound in activity The report covers the period 1 January to 31 December. 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. Your IP: North Europe showed a more modest sequential improvement (+2 percentage points between the third and fourth quarters) and ended FY 2021 with RevPAR down (57)% compared with FY 2019. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Letter from the CEO. 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. Click to reveal 2022 Full-year results. 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, 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. 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. 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 . 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. Follow us on . This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. The issues we are tackling are systemic, requiring supply chain and business transformation. 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. Corporate Sustainability; . Here you can filter our content according to your activity and your interests. Click to reveal *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. 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. Two key issues to tackle will be food and buildings. 2019 Sustainability Review. The assessment included seeking internal and external stakeholder feedback. . Accor joins global sustainability network, the Sustainable Hospitality 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. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. 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). Each solution measures operational impact, costs and environmental performance . Environmental Policy. PDF 10.87MB; ESG Databook. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. Press releases. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. This decline reflects an environment disrupted by the resurgence of the Covid-19 pandemic, despite a marked improvement in global business levels from April 2021. 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. 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. 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). Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . The action you just performed triggered the security solution. As a leader in the hospitality sector . As of end of December 2021, combined . 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. Annual Reports and Responsible Business Reports Sustainability and diversity detailed in new AccorHotels report It was a tough year for Shell, but also a year when we set a clear path for our future. On November 12th, the UN Climate Change Summit (COP26) in Glasgow ended with a clear consensus that the world needs to do much more to limit global warming to 1.5C by 2050 and avert a climate crisis. The fruit and vegetables from this garden are served in the restaurant. 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. 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. Increase in the Loyalty Mix. AccorHotels takes its corporate responsibility to the next level with Letter from the CEO. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Performance & security by Cloudflare. Hilton - TRAVEL WITH PURPOSE We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option).