accor sustainability report 2020

hide. 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. Two key issues to tackle will be food and buildings. 67.211.219.14 Performance & security by Cloudflare. At the end of 2021, 25% of leadership positions are filled by women. Our Future is About Sustainable Growth. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Performance & security by Cloudflare. . 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. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Besides, Accor will continue working on restoring its pre-Covid credit profile and could contemplate an additional return beyond its ordinary dividend subject to the respect of this objective. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. Guest Service Agent - Club Sofitel Lounge. . 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. 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. 531 kb. . Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Full-Year 2022 Results. 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. "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's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Included in the Integrated Report (Section 6 - p. 120) Download. 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. Sustainability is integral to how we contribute to social value creation. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. At Shell, we are doing everything we can to help in the global response to the virus. Click to reveal Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). 62.141.45.132 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. The action you just performed triggered the security solution. Accor AC - Euronext Paris. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. 75.119.192.80 2020 Consolidated Non-Financial Information. The Report can be accessed here. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . This performance was linked to the recovery in business which reflected better absorption of fixed costs. 164.46.106.217 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. 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 . Responsible Business Report 2022. 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. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. 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. 2021 ESG REPORT. 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. 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 MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Key Achievements-. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 2021 Sustainability Report. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Click to reveal Each solution measures operational impact, costs and environmental performance . 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). Coupa provides a unified, cloud-based spend management platform that connects hundreds of . All regions are now generating positive EBITDA. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. 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. The Group achieved solid results regarding the actions taken over the 2011-2015 period. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Sbastien Bazin, Chairman and Chief Executive Officer of Accor, said:Despite a disrupted start of the year due to overall health restrictions, 2021 showed significant improvement in our business, as of the spring, with trends picking-up month after month right up to December. Follow us on . 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. 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. RevPAR was down (49)% in FY 2021 compared with FY 2019. Our 21st Sustainability Report covers the period 01 January 2021 . PDF document. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. Our Future is About Sustainable Growth. 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. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. 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. 40% of our Resort's hot water is heated by solar power. The covenant was not tested on the two test dates of June 30 and December 31, 2021. 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 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. CAC 40 - INDEXEURO. 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 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. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Key performance indicators. A team leader who gets the best out of his staff. Investor feedback suggests a yield in a mid-to-high 2% . You can email the site owner to let them know you were blocked. 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. Click to reveal Performance & security by Cloudflare. 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. Key considerations and . ESG challenges - i.e., Environmental, Social and Governance (ESG . A sustainable commitment to improve your hotel's performance. 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 . +7 percentage points between the third and fourth quarters). February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 It is core to our strategy and sits at the heart of everything we do. 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. 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. 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). We are working to reduce the environmental impacts of our operations through our EnviroAction program. It was a tough year for everyone. It has affected so many people around the world. 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. PDF 2.23MB Melco recognized by global environmental disclosure system CDP as one of China's . Your IP: It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. During the first quarter of 2021, two capital increases were completed for the amounts of 150 million (of which 45 million for Accor) and of 327 million (of which 109 million for Accor). September 21st, 2021. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. . 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. Double our percentage of women in leadership to 34%. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 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). The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. 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. Two key issues to tackle will be food and buildings. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. accor sustainability report 2020meadowglen lane apartments. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. CAC 40. You can email the site owner to let them know you were blocked. ), 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. See stock description. As a leader in the hospitality sector . 47 million, largely due to the full consolidation of sbe since Q4 2020. Waste Reduction. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Amcor 2019 GRI Report. Wilmar International Limited - Asia's Leading Agribusiness Group This website is using a security service to protect itself from online attacks. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. We measure and report on our Scope 1, Scope 2 . The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. 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. . To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. 00:00. Included in the . Accsys offers the world a choice to build more sustainably, and we are committed to improving the positive impact we can make in the world, and in Environmental, Social and Governance (ESG) areas. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Letter from the CEO. Plant wall, fight against food waste, etc. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework.