accor sustainability report 2020

. 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. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. 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 . Cloudflare Ray ID: 7a2f18038eaaef6f As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. 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. The Company's brands include: Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, ibis, all seasons, Etap hotel, hotelF1, Motel6, as well as Thalassa sea & spa, and Lentre. Charlotte ThouvardSenior Vice President Group External CommunicationsAccor, 1995-2023 Hospitality Net All rights reserved Hospitality Net is powered by Hsyndicate, Accor's Third-quarter 2021 revenue of 589 million up 79% like-for-like, Accor CEO: Business is back, teams are back, desire is back.. 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. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Sustainability; Home; . The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . The Board's Responsible Business Committee reviews IHG's responsible business objectives and strategy, including the impact on environmental, social, community and human rights issues; IHG's strategic approach to sustainable development and responsible procurement; and how IHG engages with stakeholders. 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. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Responsible Business Report. Your IP: Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). It describes the Company's sustainability platform, material focus areas, goals and results. Services to Owners revenue, which includes the Sales, Marketing, Distribution and Loyalty division, as well as shared services and the reimbursement of hotel staff costs, came to 1,064 million for FY 2021, down (43)% compared with FY 2019. 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. 12/28/2022. Performance & security by Cloudflare. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 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. Guest Service Agent - Club Sofitel Lounge. At the end of 2021, 25% of leadership positions are filled by women. The action you just performed triggered the security solution. Sustainability is integral to how we contribute to social value creation. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. The report covers the period 1 January to 31 December. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. The covenant was not tested on the two test dates of June 30 and December 31, 2021. 67.211.219.14 Click to reveal Cloudflare Ray ID: 7a2f1819ababf6ad 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. You can email the site owner to let them know you were blocked. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Click to reveal PDF 10.87MB; ESG Databook. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. You can email the site owner to let them know you were blocked. Read full report. The report solidifies the company's commitment to creating a sustainable future and making a difference in the lives of employees, guests and the communities in which it operates. Eco-designed materials used in the bedrooms. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We also endeavour to incorporate stakeholder focus areas. Amcor 2019 GRI Report. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. and its hotels to measure and improve its sustainability performance long-term with specific goals. 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. This result contributes to creating a great place to work. 40% of our Resort's hot water is heated by solar power. Click to reveal Novotel Hyderabad Airport. A team leader who gets the best out of his staff. 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. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. 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 consolidated financial statements and notes related to this press release are available on the www.accor.com website. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. 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. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. . 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. Accor's sustainability approach includes initiatives at your hotel to . 2019 Sustainability Review. Performance & security by Cloudflare. accor sustainability report 2020meadowglen lane apartments. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. - Lacey Pfalz, Associate Writer, TravelPulse. Sustainable Food and Beverage. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . Organic waste diversion program in place. Waste Reduction. 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. 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. reduction in plastic packaging. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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. It has affected so many people around the world. 16.3 mb. 193.32.208.109 revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 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. 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). The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. 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). Planet 21 [2016-2020] is structured into four areas of action enlisting its employees, customers, partners and local communities, and two priorities, namely food & beverage and buildings. 2020 Consolidated Non-Financial Information. 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. 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). 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). For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. 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. 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. 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. 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. For further information, visit www.sustainablehospitalityalliance.org. Accor. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. 47 million, largely due to the full consolidation of sbe since Q4 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. 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. 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. +7 percentage points between the third and fourth quarters). AccorHotels, the world's leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. 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. Letter from the CEO. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. The action you just performed triggered the security solution. Sustainability. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . ), 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. Accor AC - Euronext Paris. 62.141.45.132 Water-efficient landscaping. Many have lost their lives. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. CAC 40 - INDEXEURO. Two key issues to tackle will be food and buildings. HotelServices EBITDA was positive at 93 million for 2021. Responsible Business Report 2022. The change in working capital requirement returned to close to breakeven. Your IP: 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 challenges - i.e., Environmental, Social and Governance (ESG . Key performance indicators. 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. . PDF document. notably in the Food & Beverage segment, but also for flex office activities, wellness, entertainment and events as well as technologies linked to the hotel industry.