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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 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. 2022 Full-year results. Two key issues to tackle will be food and buildings. "This year's report documents important milestones marking 10 years on our sustainability journey, in which we've achieved scale in our signature ingredient sourcing programs Cocoa Life and Harmony Wheat. Accor AC - Euronext Paris. It describes the Company's sustainability platform, material focus areas, goals and results. Read Letter from the CEO. 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. This website is using a security service to protect itself from online attacks. The program for 2020 was drawn up in consultation with the teams. Accor achieved all of this while ensuring that tomorrow's hospitality is built on sustainable foundations, and we strive to make a positive impact on people and planet, giving back more than we take. Key considerations and . Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Download Snacking Made Right ESG Report. Key Achievements-. Cloudflare Ray ID: 7a2f181ebecd86c6 It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Guest Service Agent - Club Sofitel Lounge. Universal Registration Document. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Our Future is About Sustainable Growth. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). In 2021, payment of fees was in line with business levels during the year as well as the collection of certain fees for which payment deadline extensions were granted to certain hotel owners. At the end of 2021, 25% of leadership positions are filled by women. 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. The issues we are tackling are systemic, requiring supply chain and business transformation. 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. 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. 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. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 2020. Cloudflare Ray ID: 7a2f1819ababf6ad Sustainability. Working together for a better future. 2019 Sustainability Review. 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. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. CAC 40. Cloudflare Ray ID: 7a2f1863d83a23d4 00:00. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. SUSTAINABILITY AND CSR REPORT 2018. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. It reinforces some of the Groups fundamental commitments, such as curbing its environmental footprint, and identifies new objectives which dovetail with both the changes to the business model and its strategic priorities, such as Food & Beverage and the sustainable management of its property portfolio through HotelInvest. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. After five years, the results of the first phase of the plan are very encouraging. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. At Accor, we ask our customers to reuse their towels. It is one of four key enablers to deliver our Strategic Plan. Press releases. United Arab Emirates. 217.61.142.251 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. 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. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Eco-designed materials used in the bedrooms. All. You can email the site owner to let them know you were blocked. 2021 Integrated report. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. 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. Melco recognized by global environmental disclosure system CDP as one of China's . It's our way of opening our doors and creating opportunities for all. Accor Planet 21 Background . 12/28/2022. Ben van Beurden, CEO. *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. . 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. Energy-saving guest room controls and building systems. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. This plan was the Groups way of encouraging the hospitality business to do The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. Accor is a hotel management company founded in 1967 and based in Paris, France. 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. reduction in plastic packaging. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Planet 21 Season 1 [2011-2015]: a solid track record. Included in the Integrated Report (Section 6 - p. 120) Download. Accor. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. 40% of our Resort's hot water is heated by solar power. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Amcor 2020 Sustainability Report. Sustainability and innovation. 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 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. 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. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. 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. This result contributes to creating a great place to work. 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. 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. Our Future is About Sustainable Growth. ESG challenges - i.e., Environmental, Social and Governance (ESG . The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . . No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . . Strong growth in consolidated revenue. The . . Korian Share. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Waste Reduction. Click to reveal RevPAR was down (49)% in FY 2021 compared with FY 2019. room and apartment distribution activities and managed properties). Read more >. Our teams are devoted to fighting against this evil and encourage their customers to do the same. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. Novotel Hyderabad Airport. 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. 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. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. You can email the site owner to let them know you were blocked. Here you can filter our content according to your activity and your interests. 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. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. The change in working capital requirement returned to close to breakeven. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Cloudflare Ray ID: 7a2f181b2b5e1623 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. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. 01/03/2023 02:25 (Paris) 7.74 2.31%. 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)%. 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. At Shell, we are doing everything we can to help in the global response to the virus. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 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. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Revenue Manager. 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. 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. 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 . Click to reveal Our solid performances were achieved owing to the strength of our brands, our financial discipline and the sterling efforts of our teams who, throughout the year, demonstrated determination, tenacity and generosity. 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 consolidated financial statements and notes related to this press release are available on the www.accor.com website. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Water-efficient landscaping. Click to reveal 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. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Each year Loomis publishes an integrated annual and sustainability report. Hyderabad Area, India. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Investor feedback suggests a yield in a mid-to-high 2% .
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