Share your thoughts with Twitter #ActingHere, More information on the digital press kit. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . 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. The change in working capital requirement returned to close to breakeven. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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, 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. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . View File. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. Ethics and Corporate Social Responsibility Charter. Included in the Integrated Report (Section 6 - p. 120) Download. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. Moreover, this operation demonstrated the Groups ambition to accelerate its transition towards a sustainable growth, to notably pursue its commitment in terms of greenhouse gas emission reduction and to affirm its environmental and social values by involving the entire value chain. Your IP: 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. CAC 40. Wilmar International Limited - Asia's Leading Agribusiness Group 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). Sustainability. 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 change masks disparities between the hard-hit businesses directly related to the Travel segment, such as onefinestay private home rentals, and the digital businesses, such as D-Edge services. 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. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . 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. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Your IP: Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. 62.141.45.132 You can email the site owner to let them know you were blocked. 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. 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. At Accor, we ask our customers to reuse their towels. Tel: 00 971 4 381 8888. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. 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. 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. Accor AC - Euronext Paris. Click to reveal The action you just performed triggered the security solution. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 217.61.142.251 . 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. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. 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. 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)%. . The program for 2020 was drawn up in consultation with the teams. 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. The cost of net financial debt was up between FY 2020 and FY 2021, reflecting the downward revision to the Groups S&P credit rating in August 2020. You can email the site owner to let them know you were blocked. 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. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. 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. 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 . Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. 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. Our 21st Sustainability Report covers the period 01 January 2021 . The covenant was not tested on the two test dates of June 30 and December 31, 2021. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. 75.119.192.80 On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Click on the brand of your choice if you want to filter the benefits. Download Snacking Made Right ESG Report. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Their report is currently being prepared. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . Performance & security by Cloudflare. Click to reveal Novotel Hyderabad Airport. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. As of end of December 2021, combined . Korian Share. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. 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. 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. PDF document. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Planet 21 Season 2 must enable us to create wealth sustainably and curb our negative impacts through the mobilization of our employees, guests, partners and local communities. 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 system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. Plant wall, fight against food waste, etc. Key considerations and . February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 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. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. You can email the site owner to let them know you were blocked. 2018 Consolidated Non-Financial Information. Environmental Sustainability Highlights 2019/2020 - Hyatt About 2020. 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. Key performance indicators. 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. 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. CAC 40 - INDEXEURO. 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 . Click to reveal 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 . . The assessment included seeking internal and external stakeholder feedback. Press Releases. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. View File. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. 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). Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. Solid and sustainable rebound. Planet 21 Season 1 [2011-2015]: a solid track record. 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. 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). 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. 2021 Sustainability Report. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Click to reveal This increase reflected the sharp recovery in business during the second half of the year. 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. 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. Performance & security by Cloudflare. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. . reduction in plastic packaging. PDF 10.87MB; ESG Databook. 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. 67.211.219.14 Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . 193.32.208.109 We share our vision of digital transformation with purpose, our strategy and our . 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. Read full report. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. 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 . It is one of four key enablers to deliver our Strategic Plan. Luxury & Lifestyle. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . We measure and report on our Scope 1, Scope 2 . Environmental Policy. Water-efficient landscaping. Your IP: Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. 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. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. The report covers the period 1 January to 31 December. Here you can filter our content according to your activity and your interests. Accor's sustainability approach includes initiatives at your hotel to . 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. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. This decline reflects an environment disrupted by the resurgence of the Covid-19 pandemic, despite a marked improvement in global business levels from April 2021. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. +7 percentage points between the third and fourth quarters). In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. - 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. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds.
Contravention Of A Local Traffic Order,
Cdc Roybal Campus Address,
Noele Gordon Cause Of Death,
Kristina Keneally Email,
Articles A
accor sustainability report 2020