accor sustainability report 2020

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. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . 2021 Sustainability Report. 12/28/2022. The covenant was not tested on the two test dates of June 30 and December 31, 2021. 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. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Melbourne, Victoria, Australia. Environment & CSR. A team leader who gets the best out of his staff. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Click to reveal New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. PDF 2.23MB 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. 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. Key considerations and . 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. Our Future is About Sustainable Growth. 193.32.208.109 A sustainable commitment to improve your hotel's performance. It describes the Company's sustainability platform, material focus areas, goals and results. You can email the site owner to let them know you were blocked. Waste Reduction. Strong growth in consolidated revenue. Sustainable Food and Beverage. Solid and sustainable rebound. Hyderabad Area, India. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. It is one of four key enablers to deliver our Strategic Plan. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. 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. You can email the site owner to let them know you were blocked. Working together for a better future. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Click to reveal Accor. 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. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. During the second half of 2021, the Group returned to a positive cash generation situation. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Click on the brand of your choice if you want to filter the benefits. Cloudflare Ray ID: 7a2f1863d83a23d4 Your IP: HotelServices EBITDA was positive at 93 million for 2021. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. The Group achieved solid results regarding the actions taken over the 2011-2015 period. 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. ), 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. Included in the Integrated Report (Section 5 - p. 88) download. All regions are now generating positive EBITDA. 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. 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. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . 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. 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. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. The action you just performed triggered the security solution. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. 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. The program for 2020 was drawn up in consultation with the teams. 2018 Consolidated Non-Financial Information. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Click to reveal By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Accor AC - Euronext Paris. 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). 47 million, largely due to the full consolidation of sbe since Q4 2020. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. Organic waste diversion program in place. The . 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. reduction in plastic packaging. 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. 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.. Eco-designed materials used in the bedrooms. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Read full report. Performance & security by Cloudflare. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. 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). 16.3 mb. 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. 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. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Operational waste. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. The Report can be accessed here. 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)%. 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. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . Your IP: This website is using a security service to protect itself from online attacks. This website is using a security service to protect itself from online attacks. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). 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. Environmental Sustainability Highlights 2019/2020 - Hyatt About Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Mar 2021 - Apr 20221 year 2 months. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Full-Year 2022 Results. 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. Click to reveal 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. "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. room and apartment distribution activities and managed properties). WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . PDF document. Two key issues to tackle will be food and buildings. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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). 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. 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. 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. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Recycling program in place. Many have lost their lives. Sustainability; Home; . 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. With the remit of defining, managing and coordinating the commitments, strategy and roll-out of Group action plans in terms of sustainable development, Brune Poirson joined Accor and its Executive Committee as Sustainable Development Director. 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. - 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. . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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 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 is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Dec 2016 - Jan 20181 year 2 months. 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 April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. 2022 Full-year results. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. RevPAR was down (49)% in FY 2021 compared with FY 2019. 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 [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. Performance & security by Cloudflare. We measure and report on our Scope 1, Scope 2 . Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Performance & security by Cloudflare. Develops talent from within and a strong disciplinarian who leads by example. 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. The action you just performed triggered the security solution. Amcor 2019 GRI Report. 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. 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. Senior Vice President Group External Communications. Our Future is About Sustainable Growth. It follows the GRI methodology and use selected Standards with a GRI . Cloudflare Ray ID: 7a2f18038eaaef6f There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Included in the Integrated Report (Section 6 - p. 120) Download. It was a tough year for Shell, but also a year when we set a clear path for our future. 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. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. View File. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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). 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. Energy-saving guest room controls and building systems. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. In 2019, this bond had been partially redeemed for the amount of 350 million. the share of recycled materials used in our garments from 5.8% to 17.9%. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Ethics and Corporate Social Responsibility Charter. 531 kb. This website is using a security service to protect itself from online attacks. 2020 Consolidated Non-Financial Information.

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