The action you just performed triggered the security solution. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Wilmar International Limited - Asia's Leading Agribusiness Group Corporate Sustainability; . Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 2018 Consolidated Non-Financial Information. 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. 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. Letter from the CEO. 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. Here you can filter our content according to your activity and your interests. At Accor, we ask our customers to reuse their towels. 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. 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. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. It follows the GRI methodology and use selected Standards with a GRI . By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. 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). Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Our Future is About Sustainable Growth. Ethics and Corporate Social Responsibility Charter. After five years, the results of the first phase of the plan are very encouraging. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Mercure Dubai Barsha Heights - Sustainability 2017 Report. 01/03/2023 02:25 (Paris) 7.74 2.31%. Accor Joins the Sustainable Hospitality Alliance | TravelPulse room and apartment distribution activities and managed properties). Each year Loomis publishes an integrated annual and sustainability report. Guest Service Agent - Club Sofitel Lounge. 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. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. 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. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! 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. 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. 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. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. 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. This website is using a security service to protect itself from online attacks. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Your IP: This improvement in demand meant that average room rates came close to or, in many destinations at the end of 2021, even exceeded pre-Covid-19 levels. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Universal Registration Document. 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. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. The report covers the period 1 January to 31 December. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. 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). Luxury & Lifestyle. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 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). 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. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. All regions are now generating positive EBITDA. CAC 40. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. Sustainability & Environmental Responsibility | Social - Gore Operational waste. 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. Click to reveal The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Many have lost their lives. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. 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. 00:00. Sustainability reporting | BHP Environmental Sustainability Highlights 2019/2020 - Hyatt About 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 action you just performed triggered the security solution. 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. 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)%. It's our way of opening our doors and creating opportunities for all. 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 - Commitment Environmental, Social, and Governance (ESG) - Coupa Reports and Policies - Huawei Read full report. RevPAR was down (49)% in FY 2021 compared with FY 2019. The assessment included seeking internal and external stakeholder feedback. September 21st, 2021. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. As a leader in the hospitality sector . The covenant was not tested on the two test dates of June 30 and December 31, 2021. 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. . Double our percentage of women in leadership to 34%. Cloudflare Ray ID: 7a2f1821ef190cc1 made possible thanks to the work of our devoted teams Accor over the world. 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. Press releases. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 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). Key considerations and . 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. For 2022, the Group expects a net unit growth of 3.5%. 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. Organic waste diversion program in place. Senior Vice President Group External Communications. You can email the site owner to let them know you were blocked. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Accor Planet 21 Background . We measure and report on our Scope 1, Scope 2 . Responsible Business - InterContinental Hotels Group PLC Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Accor. The . The Report can be accessed here. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Increase in the Loyalty Mix. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. Water conservation measures in place. Key Achievements-. Accor wraps lender calls on 500M of sustainability-linked bonds Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . hide. Read more >. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Two key issues to tackle will be food and buildings. - 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 Shell, we are doing everything we can to help in the global response to the virus. 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 . KR Rakesh - Cluster Revenue Manager, RMCC Shanghai- Asia - LinkedIn Korian Share. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Read Letter from the CEO. Key performance indicators. The action you just performed triggered the security solution. 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. Performance & security by Cloudflare. Strong growth in consolidated revenue. Sustainability report | Loomis Responsible Business Report 2022. Annual report | Signify Company Website 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. Cloudflare Ray ID: 7a2f1863d83a23d4 Planet 21 Season 1 [2011-2015]: a solid track record. The change in working capital requirement returned to close to breakeven. Accor's Full-Year 2021 Results: Significant rebound in activity InterContinental Hotels Group Corporate Responsibility | IHG 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). Accor reaffirms its net-zero commitment and signs two new initiatives SUSTAINABILITY AND CSR REPORT 2018. Consensus ESG Ratings info for Accor | Company Ratings 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 . 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. *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. Expedia Group 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. Sustainability and ESG - Accsys Technologies In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Coupa Software Incorporated - AnnualReports.com - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. Develops talent from within and a strong disciplinarian who leads by example. 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. Sustainability special report | Kering Waste Reduction. Two key issues to tackle will be food and buildings. Today, we want to scale up our ambitions by banking on innovation and accountability. 2022 Full-year results. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 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. The Group achieved solid results regarding the actions taken over the 2011-2015 period. SUSTAINABILITY AND CSR REPORT 2019. 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. 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, Corporate reporting and sustainability policy statement 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. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. Our teams are devoted to fighting against this evil and encourage their customers to do the same. 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. This website is using a security service to protect itself from online attacks. 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. . . You can email the site owner to let them know you were blocked. Click to reveal In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 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. incentive fees based on the hotel operating margin. 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. Innovation is integral to Kering's sustainability policy. This segment, which is closely linked to business in Australia, notably benefited from a recovery in leisure tourism demand during the first half of the year and at the end of FY 2021 on the North-East coast of the country where most of the Groups Strata activities are located (i.e. Follow us on . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. 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. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 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. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. Performance & security by Cloudflare. 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 . ESG challenges - i.e., Environmental, Social and Governance (ESG . Sustainability and innovation. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Click to reveal Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. The action you just performed triggered the security solution. 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 . Carbon Neutral Certificate by Farnek. 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. 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. Investor feedback suggests a yield in a mid-to-high 2% . Performance & security by Cloudflare. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. 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. 2020 Consolidated Non-Financial Information. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 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. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. Environmental Policy. 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. Corporate Sustainability - Sustainability - Grupo ACS In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Dec 2016 - Jan 20181 year 2 months. Accor: Our Planet 21 sustainable development program
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