2011-2020 Huawei Consumer Business . French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Carbon Neutral Certificate by Farnek. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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. 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 fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. This website is using a security service to protect itself from online attacks. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. Revenue Manager. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. reduction in plastic packaging. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. 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. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. This website is using a security service to protect itself from online attacks. 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. 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). Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Senior Vice President Group External Communications. Two key issues to tackle will be food and buildings. 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. For 2022, the Group expects a net unit growth of 3.5%. Korian Share. This result contributes to creating a great place to work. Click to reveal 531 kb. Accor AC - Euronext Paris. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Click on the brand of your choice if you want to filter the benefits. room and apartment distribution activities and managed properties). As a leader in the hospitality sector . Tel: 00 971 4 381 8888. 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. Accor's sustainability approach includes initiatives at your hotel to . Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). As of December 31, 2021, the average cost of Accors debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. Your IP: The Group achieved solid results regarding the actions taken over the 2011-2015 period. Luxury & Lifestyle. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. Water-efficient landscaping. 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. Performance & security by Cloudflare. Each solution measures operational impact, costs and environmental performance . 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 . It has affected so many people around the world. +7 percentage points between the third and fourth quarters). It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Included in the . This website is using a security service to protect itself from online attacks. Responsible Business Report 2022. Amcor 2019 GRI Report. 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. At the end of 2021, 25% of leadership positions are filled by women. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. 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. Environment & CSR. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Key considerations and . We share our vision of digital transformation with purpose, our strategy and our . 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. 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). . Share your thoughts with Twitter #ActingHere, More information on the digital press kit. Recycling program in place. 2017 Report. Planet 21 Season 1 [2011-2015]: a solid track record. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 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 Group controls this new entity through the ownership of a 66.67% stake. Corporate Sustainability; . By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. 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. 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. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. 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, incentive fees based on the hotel operating margin. . 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. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Your IP: 2020. 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. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. This website is using a security service to protect itself from online attacks. Click to reveal After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. 2021 ESG REPORT. PDF 10.87MB; ESG Databook. . The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 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. Sustainability; Home; . and its hotels to measure and improve its sustainability performance long-term with specific goals. Click to reveal 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. 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. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. 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. 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). Sustainability. . 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. September 21st, 2021. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. 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. Our Future is About Sustainable Growth. 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. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. 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. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. . 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. Responsible Business Report. Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States. Performance & security by Cloudflare. 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. All. 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 . It follows the GRI methodology and use selected Standards with a GRI . Working together for a better future. Press Releases. 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 report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Your IP: There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. After five years, the results of the first phase of the plan are very encouraging. 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. *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. 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. - Lacey Pfalz, Associate Writer, TravelPulse. SUSTAINABILITY AND CSR REPORT 2019. Each year Loomis publishes an integrated annual and sustainability report. ), 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. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 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. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 16.3 mb. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Accor Planet 21 Background . Key performance indicators. At the end of December 2021, the Group had a hotel portfolio of 777,714 rooms (5,298 hotels) and a pipeline of 214,000 rooms (1,218 hotels). 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. 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. Click to reveal CAC 40 - INDEXEURO. It describes the Company's sustainability platform, material focus areas, goals and results. For further information, visit www.sustainablehospitalityalliance.org. Letter from the CEO. See stock description. Many have lost their lives. All regions are now generating positive EBITDA. 164.46.106.217 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. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. . In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! made possible thanks to the work of our devoted teams Accor over the world. Cloudflare Ray ID: 7a2f181ebecd86c6 PDF 2.23MB For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. 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. 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. Accor is a hotel management company founded in 1967 and based in Paris, France. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. 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. Performance & security by Cloudflare. . 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 Asia-Pacific region enjoyed a sequential improvement in RevPAR (+9 percentage points between the third and fourth quarters) after a third quarter hit by tighter Covid restrictions. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. 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. - 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. Amcor 2020 Sustainability Report. It's our way of opening our doors and creating opportunities for all. CAC 40. Our Future is About Sustainable Growth. 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. 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.