Accor says stop to single-use plastic in its hotels by 2022 - English Performance & security by Cloudflare. 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. 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. During the second half of 2021, the Group returned to a positive cash generation situation. Cloudflare Ray ID: 7a2f181ebecd86c6 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. Novotel Hyderabad Airport. We are working to reduce the environmental impacts of our operations through our EnviroAction program. 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 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. Full-Year 2022 Results. The Report can be accessed here. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. 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. 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. Strong growth in consolidated revenue. United Arab Emirates. 2021 ESG REPORT. Accor reaffirms its net-zero commitment and signs two new initiatives The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. Accor Planet 21 Background . SUSTAINABILITY AND CSR REPORT 2019. - 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. Sustainability Disclosure 2021. 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. 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 The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Sustainability and diversity detailed in new AccorHotels report Luxury & Lifestyle. Download Snacking Made Right ESG Report. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Energy-saving guest room controls and building systems. PDF Wilmar International Limited - Asia's Leading Agribusiness Group After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. 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. 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 . Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. 16.3 mb. incentive fees based on the hotel operating margin. Mar 2021 - Apr 20221 year 2 months. As of end of December 2021, combined . Amcor 2019 GRI Report. *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. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. 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. Today, we want to scale up our ambitions by banking on innovation and accountability. 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. It is one of four key enablers to deliver our Strategic Plan. 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. Revenue Manager. This website is using a security service to protect itself from online attacks. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. 01/03/2023 02:25 (Paris) 7.74 2.31%. 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. A sustainable commitment to improve your hotel's performance. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. 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. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Cloudflare Ray ID: 7a2f1863d83a23d4 Savings made on water and energy are used to fund tree planting.One tree is planted every minute. 2019: Strong results and a successful transformation | Accor - Newsroom 2017 Report. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. At Shell, we are doing everything we can to help in the global response to the virus. Our teams are devoted to fighting against this evil and encourage their customers to do the same. This website is using a security service to protect itself from online attacks. Waste Reduction. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Accor - The commitment to the planet 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. Marriott International Reports on Environmental, Social, and Governance 62.141.45.132 217.61.142.251 Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. . For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Click to reveal Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Reports and Policies - Huawei Water conservation measures in place. Shell Sustainability Report 2020 - Home Our 21st Sustainability Report covers the period 01 January 2021 . This result contributes to creating a great place to work. 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 . 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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Melbourne, Victoria, Australia. 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. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. The Group controls this new entity through the ownership of a 66.67% stake. 193.32.208.109 We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . 11/23/2021 3 min. Accor is a hotel management company founded in 1967 and based in Paris, France. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! 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. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . You can email the site owner to let them know you were blocked. Read Letter from the CEO. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. It is core to our strategy and sits at the heart of everything we do. of suppliers regard H&M Group as a fair business partner. We share our vision of digital transformation with purpose, our strategy and our . Increase in the Loyalty Mix. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Included in the Integrated Report (Section 6 - p. 120) Download. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . PDF 2.23MB Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. The action you just performed triggered the security solution. 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. Coupa Software Incorporated - AnnualReports.com Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. Cloudflare Ray ID: 7a2f1819ababf6ad PDF document. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. 2021 Consolidated Non-Financial Information. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Performance & security by Cloudflare. 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 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. 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. Sustainability is integral to how we contribute to social value creation. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. 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. 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. Accor Joins the Sustainable Hospitality Alliance | TravelPulse Your IP: For further information, visit www.sustainablehospitalityalliance.org. It was a tough year for everyone. . For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. 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. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Many have lost their lives. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Quality Policy. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. You can email the site owner to let them know you were blocked. accor sustainability report 2020meadowglen lane apartments. InterContinental Hotels Group Corporate Responsibility | IHG Their report is currently being prepared. 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. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Mia Martina - Guest Service Supervisor - Sofitel Melbourne - LinkedIn 164.46.106.217 Our Future is About Sustainable Growth. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. 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. The action you just performed triggered the security solution. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. Letter from the CEO - Shell Sustainability Report 2019 reduction in plastic packaging. 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. and its hotels to measure and improve its sustainability performance long-term with specific goals. Accor wraps lender calls on 500M of sustainability-linked bonds 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). 12/16/2021 1 min. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Sustainability special report | Kering 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. The report covers the period 1 January to 31 December. All regions are now generating positive EBITDA. 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. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Key Achievements-. It has affected so many people around the world. Responsible Business - InterContinental Hotels Group PLC Sustainability and innovation. Sustainable Food and Beverage. Read more >. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. 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. At Accor, we ask our customers to reuse their towels. Reporting - olamgroup.com 00:00. Corporate reporting and sustainability policy statement September 21st, 2021. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). 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. . Cloudflare Ray ID: 7a2f181b2b5e1623 hide. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Two key issues to tackle will be food and buildings. Morroco Ourika. ESG challenges - i.e., Environmental, Social and Governance (ESG . Corporate Sustainability; . Annual Reports and Responsible Business Reports Accor: Our Planet 21 sustainable development program Follow us on . 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). Coupa provides a unified, cloud-based spend management platform that connects hundreds of . In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. For 2022, the Group expects a net unit growth of 3.5%. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. the share of recycled materials used in our garments from 5.8% to 17.9%. 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. - Lacey Pfalz, Associate Writer, TravelPulse. Accor joins global sustainability network, the Sustainable Hospitality We measure and report on our Scope 1, Scope 2 . 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. ESG Reporting & Disclosure | Mondelz International, Inc. This plan was the Groups way of encouraging the hospitality business to do In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Accor's Full-Year 2021 Results: Significant rebound in activity 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,
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