2021 Consolidated Non-Financial Information. Accor's sustainability approach includes initiatives at your hotel to . "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. 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). 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. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Our 21st Sustainability Report covers the period 01 January 2021 . Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). The Group achieved solid results regarding the actions taken over the 2011-2015 period. CAC 40. This website is using a security service to protect itself from online attacks. 2017 Report. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Read full report. Our Future is About Sustainable Growth. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Your IP: A trouble-shooter who is constantly looking to solve problems and see problems as challenges. 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. 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. 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. 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. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. 00:00. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. It follows the GRI methodology and use selected Standards with a GRI . Double our percentage of women in leadership to 34%. CAC 40 - INDEXEURO. The Executive Summary has been crafted to provide its reader a quick overview of ITC's Sustainability journey in FY2022, serving as a concise yet comprehensive companion to the detailed Sustainability and . As a leader in the hospitality sector . - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Sustainable Food and Beverage. and its hotels to measure and improve its sustainability performance long-term with specific goals. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! 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 . This plan was the Groups way of encouraging the hospitality business to do Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 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. This report also includes a summary of how ITC's Sustainability 2.0 ambitions and priorities are contributing to the achievement of United Nation's Sustainable Development Goals (UN SDGs). The Report can be accessed here. This performance was linked to the recovery in business which reflected better absorption of fixed costs. 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. 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. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. 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 . New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. 6/24/2020. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. 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. 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. Through its Planet 21 Acting Here, 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. 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. You can email the site owner to let them know you were blocked. Waste Reduction. The action you just performed triggered the security solution. Press Releases. Responsible Business Report 2022. 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 . No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . September 21st, 2021. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Included in the . Cloudflare Ray ID: 7a2f181b2b5e1623 Read Letter from the CEO. We also endeavour to incorporate stakeholder focus areas. Recycling program in place. 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. At Accor, we ask our customers to reuse their towels. Amcor 2019 GRI Report. Accor Planet 21 Background . In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. It has affected so many people around the world. 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)%. Key Achievements-. 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 new system aims higher and is more accommodating as regards local specifics and operational realities. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Accor. 2021 ESG REPORT. 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. 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. 75.119.192.80 . Strong growth in consolidated revenue. . 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). 2021 Integrated report. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Your IP: 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 . Quality Policy. 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. 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. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. 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. Environmental Policy. We share our vision of digital transformation with purpose, our strategy and our . 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. 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. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. The action you just performed triggered the security solution. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. For further information, visit www.sustainablehospitalityalliance.org. RevPAR was down (49)% in FY 2021 compared with FY 2019. The covenant was not tested on the two test dates of June 30 and December 31, 2021. The issues we are tackling are systemic, requiring supply chain and business transformation. . Develops talent from within and a strong disciplinarian who leads by example. 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. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). hide. Included in the Integrated Report (Section 5 - p. 88) download. 2020 Consolidated Non-Financial Information. Premium, Midscale, Economy. 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. 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. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. 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. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . The program for 2020 was drawn up in consultation with the teams. 01/03/2023 02:25 (Paris) 7.74 2.31%. It shares the Group's sustainability journey, provides insights into its strategies, as well as highlights the economic, environmental and social aspects of the Group's developments and operations. Morroco Ourika. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. . The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. It was a tough year for Shell, but also a year when we set a clear path for our future. 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. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. 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). It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. 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). They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Follow us on . 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. . Click to reveal Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). . This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. At Shell, we are doing everything we can to help in the global response to the virus. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 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.. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. PDF document. You can email the site owner to let them know you were blocked. Revenue Manager. 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. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. 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. Environment & CSR. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. Click to reveal 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 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. Ben van Beurden, CEO. 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. 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. Their members make up 25% of the global hotel industry by rooms and include 14 world-leading hotel companies including Marriott International, Hilton, IHG, Hyatt and Radisson Hotels Group as well as regional brands. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. Key considerations and . the share of recycled materials used in our garments from 5.8% to 17.9%. Included in the Integrated Report (Section 6 - p. 120) Download. A team leader who gets the best out of his staff. It describes the Company's sustainability platform, material focus areas, goals and results. The report covers the period 1 January to 31 December. Download Snacking Made Right ESG Report. You can email the site owner to let them know you were blocked. Accor is concentrating its efforts on ensuring the return to profitability initiated in 2021, capitalizing on the activity rebound and the positive recurring impact from its RESET cost savings plan. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Each solution measures operational impact, costs and environmental performance . Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to .
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