accor sustainability report 2020
They work with leading hospitality companies and strategic partners to address key challenges affecting our planet and its people, and develop practical resources and programmes to enable the wider industry to operate responsibly and grow sustainably. Your IP: Novotel Hyderabad Airport. Click to reveal 62.141.45.132 Eco-designed materials used in the bedrooms. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 47 million, largely due to the full consolidation of sbe since Q4 2020. 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 . Two key issues to tackle will be food and buildings. This performance was linked to the recovery in business which reflected better absorption of fixed costs. 2019 Sustainability Review. Waste Reduction. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. View File. Our 21st Sustainability Report covers the period 01 January 2021 . Corporate Sustainability; . Responsible Business Report. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. All regions are now generating positive EBITDA. 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. 2021 Sustainability Report. The fruit and vegetables from this garden are served in the restaurant. 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. Cloudflare Ray ID: 7a2f1863d83a23d4 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. Korian Share. 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). Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. the share of recycled materials used in our garments from 5.8% to 17.9%. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 2021 ESG REPORT. 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. 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. Recycling 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. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Performance & security by Cloudflare. The action you just performed triggered the security solution. 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. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. Wilmar International Limited - Asia's Leading Agribusiness Group PDF 2.23MB 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. It was a tough year for everyone. Each solution measures operational impact, costs and environmental performance . Savings made on water and energy are used to fund tree planting.One tree is planted every minute. It was a tough year for Shell, but also a year when we set a clear path for our future. 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. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 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 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. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 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. All. 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. . The action you just performed triggered the security solution. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . 531 kb. 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. The report covers the period 1 January to 31 December. Jean-Jacques Morin, Deputy CEO & CFO, and Brune Poirson, Chief Sustainability Officer, discuss the Group's commitment to ESG, focusing on one of its key areas: net zero carbon. 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. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Click to reveal 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. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. Plant wall, fight against food waste, etc. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. . The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. 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). Letter from the CEO. 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. CAC 40. 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. Double our percentage of women in leadership to 34%. incentive fees based on the hotel operating margin. 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. Here you can filter our content according to your activity and your interests. 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. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. 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. 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.. Aligned with the United Nations Sustainable Development Goals (SDGs), they commit to drive continued action on human rights, youth employment, climate action and water stewardship. Your IP: Sustainability is integral to how we contribute to social value creation. 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 . Guest Service Agent - Club Sofitel Lounge. 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. Quality Policy. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. 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. Click on the brand of your choice if you want to filter the benefits. At the end of 2015, all its hotels were committed to protecting children from abuse (in-house awareness program, WATCH) and more than 4.5 million trees had been planted worldwide since 2009. The action you just performed triggered the security solution. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. It is more flexible and is based on a participative approach allowing each hotel to set its own objectives and map out its own action plan. 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. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Innovation is integral to Kering's sustainability policy. September 21st, 2021. As of end of December 2021, combined . The IHG Academy is a collaboration where we link up with education providers and community groups around the world by providing local people with the opportunity to develop skills and improve their employment prospects in one of the world's largest leading hotel companies.