accor sustainability report 2020glenn taylor obituary
We also endeavour to incorporate stakeholder focus areas. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . Members benefit from the company's comprehensive loyalty program ALL - Accor Live Limitless a daily lifestyle companion that provides access to a wide variety of rewards, services and experiences. 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 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. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). 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. 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. Investor feedback suggests a yield in a mid-to-high 2% . Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 01/03/2023 02:25 (Paris) 7.74 2.31%. 67.211.219.14 made possible thanks to the work of our devoted teams Accor over the world. Accor AC - Euronext Paris. 2020. Performance & security by Cloudflare. 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). PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Our Future is About Sustainable Growth. Accor's sustainability approach includes initiatives at your hotel to . Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. 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. 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. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. This increase reflected the sharp recovery in business during the second half of the year. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Letter from the CEO. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. The issues we are tackling are systemic, requiring supply chain and business transformation. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. . RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. ), 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. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. 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. Plant wall, fight against food waste, etc. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Each solution measures operational impact, costs and environmental performance . We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts An increase related primarily to the loss of recurring free cash flow in full-year 2020, the investment related to the acquisition of all of sbes brands, and the implementation of a share buyback program in Q1 2020. 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). At the end of 2021, 25% of leadership positions are filled by women. It is one of four key enablers to deliver our Strategic Plan. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Read Letter from the CEO. View File. 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. Included in the Integrated Report (Section 5 - p. 88) download. This performance was linked to the recovery in business which reflected better absorption of fixed costs. September 21st, 2021. 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. 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. Guest Service Agent - Club Sofitel Lounge. We are working to reduce the environmental impacts of our operations through our EnviroAction program. It has affected so many people around the world. Melco recognized by global environmental disclosure system CDP as one of China's . Many have lost their lives. After five years, the results of the first phase of the plan are very encouraging. At Shell, we are doing everything we can to help in the global response to the virus. Recurring expenditure, which includes key money paid by HotelServices for its development and digital and IT investments, was kept in check, ending the year below the initially indicated range of 150-200 million. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. 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). Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. Their report is currently being prepared. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. 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. Senior Vice President Group External Communications. In 2019, this bond had been partially redeemed for the amount of 350 million. Sustainability; Home; . Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Key performance indicators. 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. and its hotels to measure and improve its sustainability performance long-term with specific goals. 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. Organic waste diversion program in place. 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. the share of recycled materials used in our garments from 5.8% to 17.9%. 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. Sustainability Disclosure 2021. 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. Your IP: 11/23/2021 3 min. During the second half of 2021, the Group returned to a positive cash generation situation. 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. 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 action you just performed triggered the security solution. As of end of December 2021, combined with the two undrawn credit facilities of 1.8 billion, Accor had a liquidity position of 3.4 billion. 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. 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. CAC 40. PDF document. 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. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Korian Share. 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. The Group achieved solid results regarding the actions taken over the 2011-2015 period. 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. It was a tough year for everyone. It was a tough year for Shell, but also a year when we set a clear path for our future. +7 percentage points between the third and fourth quarters). Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . The action you just performed triggered the security solution. of suppliers regard H&M Group as a fair business partner. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. . 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. Water-efficient landscaping. Click to reveal This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). Eco-designed materials used in the bedrooms. 2020 Consolidated Non-Financial Information. Full-Year 2022 Results. Water conservation measures in place. Responsible Business Report. We measure and report on our Scope 1, Scope 2 . 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. You can email the site owner to let them know you were blocked. Develops talent from within and a strong disciplinarian who leads by example. Our teams are devoted to fighting against this evil and encourage their customers to do the same. Cloudflare Ray ID: 7a2f1821ef190cc1 The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Each year Loomis publishes an integrated annual and sustainability report. Sustainable Food and Beverage. The new system aims higher and is more accommodating as regards local specifics and operational realities. PDF document. The fruit and vegetables from this garden are served in the restaurant. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 2021 Integrated report. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 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. 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. 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). There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Your IP: Environmental Policy. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. *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. Click to reveal The action you just performed triggered the security solution. PDF 2.23MB Environment & CSR. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 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. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 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. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. SUSTAINABILITY AND CSR REPORT 2019. room and apartment distribution activities and managed properties). 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. Press Releases. Click on the brand of your choice if you want to filter the benefits. Your IP: 47 million, largely due to the full consolidation of sbe since Q4 2020. 193.32.208.109 Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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. A sustainable commitment to improve your hotel's performance. Hyderabad Area, India. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. . These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. 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. This website is using a security service to protect itself from online attacks. 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. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. 2022 Full-year results. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 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. Why Is Mrs Dunbar Participating In The Lottery,
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