Ethics and Corporate Social Responsibility Charter. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. 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)%. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. 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. Recycling program in place. 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. 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. Key performance indicators. CAC 40 - INDEXEURO. See stock description. 164.46.106.217 Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Our teams are devoted to fighting against this evil and encourage their customers to do the same. 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. Click to reveal Sustainable Food and Beverage. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. Luxury & Lifestyle. 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. - 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. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 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. 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. A sustainable commitment to improve your hotel's performance. Responsible Business Report. 2019 Sustainability Review. Sustainability; Home; . 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 new system aims higher and is more accommodating as regards local specifics and operational realities. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. To provide the hotels with effective support as they deploy this new plan, Charter 21, the in-house sustainable development management system for hoteliers, has evolved and been renamed Planet 21 in Action. 217.61.142.251 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. 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. ), 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 website is using a security service to protect itself from online attacks. 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. All regions are now generating positive EBITDA. Cloudflare Ray ID: 7a2f181b2b5e1623 Download Snacking Made Right ESG Report. 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. Read Letter from the CEO. With the remit of defining, managing and coordinating the commitments, strategy and roll-out of Group action plans in terms of sustainable development, Brune Poirson joined Accor and its Executive Committee as Sustainable Development Director. 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. This website is using a security service to protect itself from online attacks. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. The covenant was not tested on the two test dates of June 30 and December 31, 2021. Environment & CSR. Carbon Neutral Certificate by Farnek. 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). All. 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. 67.211.219.14 With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Press releases. Full-Year 2022 Results. The action you just performed triggered the security solution. 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. Marriott International, Inc. (Nasdaq: MAR) ("Marriott") today released its 2021 Serve 360 Report presenting data from 2020 and demonstrating its Environmental, Social, and Governance (ESG) efforts toward the company's 2025 Sustainability and Social Impact Goals. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Cloudflare Ray ID: 7a2f181ebecd86c6 Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2021 Integrated report. The action you just performed triggered the security solution. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. PDF 10.87MB; ESG Databook. 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. PDF document. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . +7 percentage points between the third and fourth quarters). You can email the site owner to let them know you were blocked. . 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 MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Revenue Manager. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. 2021 ESG REPORT. . 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. Cloudflare Ray ID: 7a2f1819ababf6ad PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Included in the Integrated Report (Section 6 - p. 120) Download. 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. 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). 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 issues we are tackling are systemic, requiring supply chain and business transformation. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Our Future is About Sustainable Growth. Planet 21 Season 1 [2011-2015]: a solid track record. 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. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Guest Service Agent - Club Sofitel Lounge. At the end of December 2021, the Group had a hotel portfolio of 777,714 rooms (5,298 hotels) and a pipeline of 214,000 rooms (1,218 hotels). CAC 40. A team leader who gets the best out of his staff. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. 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. 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. This website is using a security service to protect itself from online attacks. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. 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. As part of a policy of progress and transparency, the Group asked its customers for their views on these issues, updated its environmental footprint and assessed its socio-economic footprint for the first time to assess the challenges it faces and construct its new 5-year program. The action you just performed triggered the security solution. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Energy-saving guest room controls and building systems. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Responsible Business Report 2022. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. 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. 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. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. Amcor 2020 Sustainability Report. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. At the end of 2021, 25% of leadership positions are filled by women. 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. Dec 2016 - Jan 20181 year 2 months. Here you can filter our content according to your activity and your interests. 2011-2020 Huawei Consumer Business . Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. At Accor, we ask our customers to reuse their towels. 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 . Develops talent from within and a strong disciplinarian who leads by example. 75.119.192.80 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. 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.
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accor sustainability report 2020