Letter from the CEO. Eco-designed materials used in the bedrooms. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Accor's sustainability approach includes initiatives at your hotel to . Accor is a hotel management company founded in 1967 and based in Paris, France. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Sustainability Disclosure 2021. Environment & CSR. This website is using a security service to protect itself from online attacks. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Included in the Integrated Report (Section 6 - p. 120) Download. The . The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. 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. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Korian Share. 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. Two key issues to tackle will be food and buildings. 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. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Letter from the CEO. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 00:00. 2017 Report. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. 2021 Consolidated Non-Financial Information. Waste Reduction. Dec 2016 - Jan 20181 year 2 months. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 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. 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. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. The assessment included seeking internal and external stakeholder feedback. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Anne-France MalrieuImage 7Phone: +33 1 53 70 74 66afmalrieu@image7.fr, Carina Alfonso MartinDirectrice des Relations Media mondePhone: +33 1 45 38 84 84carina.alfonsomartin@accor.com, Delphine DumonceauRelations pressePhone: +33 1 45 38 84 95delphine.dumonceau@accor.com, Marie-Camille AubagnacRelations pressePhone: +33 1 45 38 19 16marie-camille.aubagnac@accor.com, Sbastien ValentinSVP Financial Communications and Investor RelationsPhone: 33 (0)1 45 38 86 25sebastien.valentin@accor.com, Marie NielInvestor RelationsPhone: +33 (0)1 45 38 86 94marie.niel@accor.com. It follows the GRI methodology and use selected Standards with a GRI . 2021 ESG REPORT. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. You can email the site owner to let them know you were blocked. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive - 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. 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. Two key issues to tackle will be food and buildings. 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. . Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 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 program for 2020 was drawn up in consultation with the teams. You can email the site owner to let them know you were blocked. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. 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. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Initiatives to cut fixed costs were partially offset by weaker government subsidies than a year earlier, but nevertheless also continued to have a positive impact. 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). Double our percentage of women in leadership to 34%. *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. PDF document. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . 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 report covers the period 1 January to 31 December. SUSTAINABILITY AND CSR REPORT 2018. 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. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. All. Your IP: The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Cloudflare Ray ID: 7a2f181b2b5e1623 As of end of December 2021, combined . Environmental Sustainability Highlights 2019/2020 - Hyatt About We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 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. Sustainability is integral to how we contribute to social value creation. This plan was the Groups way of encouraging the hospitality business to do It was a tough year for Shell, but also a year when we set a clear path for our future. hide. 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. 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.. The Group achieved solid results regarding the actions taken over the 2011-2015 period. Water-efficient landscaping. 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. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Cloudflare Ray ID: 7a2f1819ababf6ad In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. 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. Your IP: We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts 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 . The Sustainable Hospitality Alliance brings together engaged hospitality companies and uses the collective power of the industry to deliver impact locally and on a global scale. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Read full report. Their report is currently being prepared. 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. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. . 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. 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. Recycling program in place. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. 164.46.106.217 Performance & security by Cloudflare. 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. 12/28/2022. Performance & security by Cloudflare. 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. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. Operational waste. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 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. 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. 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. A team leader who gets the best out of his staff. The action you just performed triggered the security solution. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. incentive fees based on the hotel operating margin. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Performance & security by Cloudflare. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 12/16/2021 1 min. Read Letter from the CEO. - Lacey Pfalz, Associate Writer, TravelPulse. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. 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. 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. 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. 62.141.45.132 Wilmar International Limited - Asia's Leading Agribusiness Group The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. 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. 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 . This website is using a security service to protect itself from online attacks. 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. Cloudflare Ray ID: 7a2f1821ef190cc1 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. 01/03/2023 02:25 (Paris) 7.74 2.31%. The Management & Franchise division of HotelServices reported EBITDA of 275 million, significantly higher than in 2020 (25 million) and down (64)% like-for-like compared with FY 2019. Novotel Hyderabad Airport. 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. . 2020 Consolidated Non-Financial Information. The new system aims higher and is more accommodating as regards local specifics and operational realities. 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). Performance & security by Cloudflare. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Strong growth in consolidated revenue. reduction in plastic packaging. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. . Performance & security by Cloudflare. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. 2021 Integrated report. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. In the Americas, the improvement in RevPAR was also noteworthy (+18 percentage points between the third and fourth quarters) which translated into a FY 2021 RevPAR down (46)% compared with FY 2019. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). We measure and report on our Scope 1, Scope 2 . THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. "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. 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. Click to reveal Responsible Business Report. Solid and sustainable rebound. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Key Achievements-. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . 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. Working together for a better future. Cloudflare Ray ID: 7a2f1863d83a23d4 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. Innovation is integral to Kering's sustainability policy. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. Accor. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. We also endeavour to incorporate stakeholder focus areas. 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. 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. 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. 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. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. United Arab Emirates. 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. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. 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. Responsible Business Report 2022. Water conservation measures in place. ESG challenges - i.e., Environmental, Social and Governance (ESG . Melco recognized by global environmental disclosure system CDP as one of China's . Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. 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 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. Click on the brand of your choice if you want to filter the benefits. accor sustainability report 2020meadowglen lane apartments. All regions are now generating positive EBITDA. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). 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.
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accor sustainability report 2020