After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 01/03/2023 02:25 (Paris) 7.74 2.31%. 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 . Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Our 21st Sustainability Report covers the period 01 January 2021 . . 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. The action you just performed triggered the security solution. . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. . The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. hide. As of end of December 2021, combined . New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Plant wall, fight against food waste, etc. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. 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. 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. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. room and apartment distribution activities and managed properties). 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 assessment included seeking internal and external stakeholder feedback. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. 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. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). 47 million, largely due to the full consolidation of sbe since Q4 2020. You can email the site owner to let them know you were blocked. 531 kb. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. Accor Planet 21 Background . . Your IP: On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Waste Reduction. 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. Planet 21 Season 1 [2011-2015]: a solid track record. 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. Hyderabad Area, India. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. - 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. You can email the site owner to let them know you were blocked. 164.46.106.217 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). All regions are now generating positive EBITDA. 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. 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. Melco recognized by global environmental disclosure system CDP as one of China's . Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . United Arab Emirates. Environmental Sustainability Highlights 2019/2020 - Hyatt About incentive fees based on the hotel operating margin. Performance & security by Cloudflare. On October 1, 2021, following the all-share merger, Accor became the majority shareholder in the new entity created with Ennismore, positioned in the Lifestyle hotel segment. The action you just performed triggered the security solution. 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. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Our Future is About Sustainable Growth. 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. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Included in the Integrated Report (Section 6 - p. 120) Download. Sustainability and innovation. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . Cloudflare Ray ID: 7a2f1863d83a23d4 By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. For 2022, the Group expects a net unit growth of 3.5%. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 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. 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. 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). Melbourne, Victoria, Australia. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. You can email the site owner to let them know you were blocked. The new system aims higher and is more accommodating as regards local specifics and operational realities. It was a tough year for everyone. 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). Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. 75.119.192.80 Click to reveal Our Future is About Sustainable Growth. Novotel Hyderabad Airport. At Accor, we ask our customers to reuse their towels. 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. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Your IP: Dec 2016 - Jan 20181 year 2 months. Globally, there is a trend towards technical alignment among the five leading global sustainability reporting framework developers and standards-setters - CDP, Climate Disclosure Standards Board (CDSB), Global Reporting Initiative (GRI), International Integrated Reporting Council (IIRC) and Sustainability Accounting Standards Board (SASB) - known collectively as the Group of Five. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. 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. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Each solution measures operational impact, costs and environmental performance . 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. 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. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). On February 18, 2021, Accor sold a part of its share in Huazhu Group Ltd, representing 1.5% of share capital of the company for 239 million. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. the share of recycled materials used in our garments from 5.8% to 17.9%. Accor AC - Euronext Paris. 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. 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 . "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. Key Achievements-. 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. Tel: 00 971 4 381 8888. ), 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. This result contributes to creating a great place to work. and its hotels to measure and improve its sustainability performance long-term with specific goals. Cloudflare Ray ID: 7a2f18038eaaef6f The report covers the period 1 January to 31 December. You can email the site owner to let them know you were blocked. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Here you can filter our content according to your activity and your interests. 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 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. Download Snacking Made Right ESG Report. Accor is a hotel management company founded in 1967 and based in Paris, France. Press Releases. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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.. 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. Wilmar International Limited - Asia's Leading Agribusiness Group For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. This performance was linked to the recovery in business which reflected better absorption of fixed costs. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. 62.141.45.132 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. Read full report. The Report can be accessed here. A sustainable commitment to improve your hotel's performance. Our teams are devoted to fighting against this evil and encourage their customers to do the same. Sustainability Disclosure 2021. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 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. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 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 . Services to Owners revenue, which includes the Sales, Marketing, Distribution and Loyalty division, as well as shared services and the reimbursement of hotel staff costs, came to 1,064 million for FY 2021, down (43)% compared with FY 2019. 2020. This focus on sustainability is directly aligned with our promise of Together, improving life, and our long-established values, culture and commitment to Associates, customers and communities. 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. We measure and report on our Scope 1, Scope 2 . Click to reveal 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 consolidated financial statements and notes related to this press release are available on the www.accor.com website. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. 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. The action you just performed triggered the security solution. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. 2021 Sustainability Report. Read Letter from the CEO. Develops talent from within and a strong disciplinarian who leads by example. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. 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. Sustainability is integral to how we contribute to social value creation. Responsible Business Report. 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. Key considerations and . View File. 12/16/2021 1 min. It's our way of opening our doors and creating opportunities for all. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. As of end of December 2021, combined with the two undrawn credit facilities of 1.8 billion, Accor had a liquidity position of 3.4 billion. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. 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, 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. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 00:00. 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 program for 2020 was drawn up in consultation with the teams. The action you just performed triggered the security solution. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. 2017 Report. 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. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Operational waste. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions.
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