2020. Read full report. As of end of December 2021, combined . Follow us on . 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. 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. 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. Senior Vice President Group External Communications. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. You can email the site owner to let them know you were blocked. . This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. 62.141.45.132 . These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. The Group achieved solid results regarding the actions taken over the 2011-2015 period. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Ben van Beurden, CEO. 2022 Full-year results. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. . 193.32.208.109 A trouble-shooter who is constantly looking to solve problems and see problems as challenges. hide. 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. Read full report. Accor Planet 21 Background . 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 covenant was not tested on the two test dates of June 30 and December 31, 2021. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Energy-saving guest room controls and building systems. 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. Our 21st Sustainability Report covers the period 01 January 2021 . As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. CAC 40 - INDEXEURO. Working together for a better future. This website is using a security service to protect itself from online attacks. 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 . As a leader in the hospitality sector . Click on the brand of your choice if you want to filter the benefits. 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. 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. 2021 Sustainability Report. Key Achievements-. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts PDF document. 47 million, largely due to the full consolidation of sbe since Q4 2020. 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 . 531 kb. September 21st, 2021. 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. 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. 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. 2021 ESG REPORT. Click to reveal - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. This website is using a security service to protect itself from online attacks. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. 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. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . 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. . New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Your IP: Savings made on water and energy are used to fund tree planting.One tree is planted every minute. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. 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). The action you just performed triggered the security solution. Our Future is About Sustainable Growth. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . 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. Luxury & Lifestyle. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. 67.211.219.14 Sustainability; Home; . 00:00. The Report can be accessed here. 00:00. "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. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. 2011-2020 Huawei Consumer Business . Corporate Sustainability; . Melco recognized by global environmental disclosure system CDP as one of China's . A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). Responsible Business Report 2022. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. By reducing its cradle-to-grave carbon footprint intensity of 11% compared to 2019 and increasing the recyclability of its products to a total of 65% the company is on a clear and ambitious path forward with its sustainability strategy CARE. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Cloudflare Ray ID: 7a2f181b2b5e1623 The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. 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. 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 . Tel: 00 971 4 381 8888. Included in the Integrated Report (Section 6 - p. 120) Download. PDF 10.87MB; ESG Databook. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. 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. PDF 2.23MB The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Performance & security by Cloudflare. 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. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Press releases. Investor feedback suggests a yield in a mid-to-high 2% . Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2019 Sustainability Review. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. It was a tough year for Shell, but also a year when we set a clear path for our future. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Performance & security by Cloudflare. Click to reveal This increase reflected the sharp recovery in business during the second half of the year. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. 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. Your IP: 12/16/2021 1 min. room and apartment distribution activities and managed properties). Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. This website is using a security service to protect itself from online attacks. Letter from the CEO. 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. In 2019, this bond had been partially redeemed for the amount of 350 million. 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. 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, The program for 2020 was drawn up in consultation with the teams. The action you just performed triggered the security solution. We share our vision of digital transformation with purpose, our strategy and our . of suppliers regard H&M Group as a fair business partner. +7 percentage points between the third and fourth quarters). 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. Novotel Hyderabad Airport. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Water-efficient landscaping. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. Melbourne, Victoria, Australia. Click to reveal For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. 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. Sustainability is integral to how we contribute to social value creation. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Performance & security by Cloudflare. It was a tough year for everyone. Develops talent from within and a strong disciplinarian who leads by example. 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. At Shell, we are doing everything we can to help in the global response to the virus. 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. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Click to reveal Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Read more >. 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 assessment included seeking internal and external stakeholder feedback. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. 2021 Integrated report. 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. Key considerations and . 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. Sustainability. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. incentive fees based on the hotel operating margin. Key performance indicators. A sustainable commitment to improve your hotel's performance. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its United Arab Emirates. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. 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. 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. HotelServices EBITDA was positive at 93 million for 2021. 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. 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. 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. Plant wall, fight against food waste, etc. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. 6/24/2020. Today, we want to scale up our ambitions by banking on innovation and accountability. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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. It is one of four key enablers to deliver our Strategic Plan. 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. Quality Policy. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. 11/23/2021 3 min. This plan was the Groups way of encouraging the hospitality business to do 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. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. EBITDA sensitivity per point of RevPAR amounted to (16.4) million for each one-point decline in RevPAR compared with 2019 versus (18.7) million in FY 2020. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. 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. 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. Their report is currently being prepared. reduction in plastic packaging. 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. 2017 Report. 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. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. 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. View File. 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. Innovation is integral to Kering's sustainability policy. 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. SUSTAINABILITY AND CSR REPORT 2018. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. It's our way of opening our doors and creating opportunities for all. The . The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. Click to reveal Each year Loomis publishes an integrated annual and sustainability report. Environment & CSR. Two key issues to tackle will be food and buildings. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The Group controls this new entity through the ownership of a 66.67% stake. Dec 2016 - Jan 20181 year 2 months. 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.. made possible thanks to the work of our devoted teams Accor over the world. Environmental Sustainability Highlights 2019/2020 - Hyatt About 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. Operational waste. 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). The issues we are tackling are systemic, requiring supply chain and business transformation. 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.