The program for 2020 was drawn up in consultation with the teams. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. It follows the GRI methodology and use selected Standards with a GRI . 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 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. 2020. Wilmar International Limited - Asia's Leading Agribusiness Group Press Releases. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. 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. You can email the site owner to let them know you were blocked. This performance was linked to the recovery in business which reflected better absorption of fixed costs. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 00:00. Read more >. The Group achieved solid results regarding the actions taken over the 2011-2015 period. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. The covenant was not tested on the two test dates of June 30 and December 31, 2021. 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). This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Letter from the CEO. Sustainability is integral to how we contribute to social value creation. 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. This website is using a security service to protect itself from online attacks. Read full report. It is core to our strategy and sits at the heart of everything we do. It was a tough year for everyone. Click to reveal Click to reveal 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. 6/24/2020. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Follow us on . 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. Dec 2016 - Jan 20181 year 2 months. 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. 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. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Environment & CSR. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . 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. 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. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. See stock description. incentive fees based on the hotel operating margin. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. This website is using a security service to protect itself from online attacks. . You can email the site owner to let them know you were blocked. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Environmental Policy. 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. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. room and apartment distribution activities and managed properties). WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. This result contributes to creating a great place to work. SUSTAINABILITY AND CSR REPORT 2019. 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. Our 21st Sustainability Report covers the period 01 January 2021 . Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Tel: 00 971 4 381 8888. Included in the Integrated Report (Section 5 - p. 88) download. Click to reveal Live stock. 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. . . 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. Responsible Business Report 2022. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Click on the brand of your choice if you want to filter the benefits. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Click to reveal The report covers the period 1 January to 31 December. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. The Group controls this new entity through the ownership of a 66.67% stake. Performance & security by Cloudflare. 2017 Report. 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. 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. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. 62.141.45.132 In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Your IP: All regions are now generating positive EBITDA. Quality Policy. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. United Arab Emirates. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. 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. 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. Performance & security by Cloudflare. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Sustainability; Home; . Melbourne, Victoria, Australia. 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. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 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. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Accor is a hotel management company founded in 1967 and based in Paris, France. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. 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. 2021 Consolidated Non-Financial Information. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. made possible thanks to the work of our devoted teams Accor over the world. 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. Download Snacking Made Right ESG Report. 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. 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 . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. As a leader in the hospitality sector . It describes the Company's sustainability platform, material focus areas, goals and results. - Lacey Pfalz, Associate Writer, TravelPulse. CAC 40 - INDEXEURO. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. You can email the site owner to let them know you were blocked. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. 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. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Your IP: We share our vision of digital transformation with purpose, our strategy and our . On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Novotel Hyderabad Airport. 75.119.192.80 Key performance indicators. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. The assessment included seeking internal and external stakeholder feedback. 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. Recycling program in place. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Our teams are devoted to fighting against this evil and encourage their customers to do the same. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). PDF 10.87MB; ESG Databook. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. 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. SUSTAINABILITY AND CSR REPORT 2018. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 16.3 mb. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 It was a tough year for Shell, but also a year when we set a clear path for our future. 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. This increase reflected the sharp recovery in business during the second half of the year. Premium, Midscale, Economy. Our Future is About Sustainable Growth. 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. For 2022, the Group expects a net unit growth of 3.5%. 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. HotelServices EBITDA was positive at 93 million for 2021. 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. Environmental Sustainability Highlights 2019/2020 - Hyatt About 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. 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. 12/16/2021 1 min. Luxury & Lifestyle. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. 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. 193.32.208.109 During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. Sustainability and innovation. You can email the site owner to let them know you were blocked. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Two key issues to tackle will be food and buildings. Two key issues to tackle will be food and buildings. It's our way of opening our doors and creating opportunities for all. +7 percentage points between the third and fourth quarters). 2020 Consolidated Non-Financial Information. Cloudflare Ray ID: 7a2f1863d83a23d4 This website is using a security service to protect itself from online attacks. 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, Each year Loomis publishes an integrated annual and sustainability report. 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. We also endeavour to incorporate stakeholder focus areas. Included in the . 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. 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). Read full report. 2021 Integrated report. 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)%. 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). 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. You can email the site owner to let them know you were blocked. Revenue in the Hotel Assets & Other segment was up 29% like-for-like versus FY 2020 and down (35)% like-for-like versus FY 2019. 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. PDF 2.23MB 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. 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. 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 . Working together for a better future. 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. Ben van Beurden, CEO. 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. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Press releases. 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. 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). 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. 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. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. the share of recycled materials used in our garments from 5.8% to 17.9%. RevPAR was down (49)% in FY 2021 compared with FY 2019.

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