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. Included in the Integrated Report (Section 5 - p. 88) download. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. The action you just performed triggered the security solution. 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. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. United Arab Emirates. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Sustainable Food and Beverage. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. and its hotels to measure and improve its sustainability performance long-term with specific goals. 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. 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, See stock description. 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. Cloudflare Ray ID: 7a2f1819ababf6ad In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. 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. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Our teams are devoted to fighting against this evil and encourage their customers to do the same. 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. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. EBITDA sensitivity per point of RevPAR amounted to (16.4) million for each one-point decline in RevPAR compared with 2019 versus (18.7) million in FY 2020. Dec 2016 - Jan 20181 year 2 months. Sustainability is integral to how we contribute to social value creation. As a leader in the hospitality sector . Key performance indicators. You can email the site owner to let them know you were blocked. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Corporate Sustainability; . Press Releases. 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. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. The action you just performed triggered the security solution. - 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. CAC 40 - INDEXEURO. Press releases. It follows the GRI methodology and use selected Standards with a GRI . Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . RevPAR was down (49)% in FY 2021 compared with FY 2019. 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). Quality Policy. Solid and sustainable rebound. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). room and apartment distribution activities and managed properties). 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. 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. The action you just performed triggered the security solution. Here you can filter our content according to your activity and your interests. 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. Your IP: 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. 40% of our Resort's hot water is heated by solar power. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. In 2013, for example, Kering founded the Material Innovation Lab, which provides the Group's Houses with more than 3,000 sustainable fabric and textile samples. Letter from the CEO. . In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! 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. Mar 2021 - Apr 20221 year 2 months. As of December 31, 2021, the average cost of Accors debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. 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. 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.. Novotel Hyderabad Airport. reduction in plastic packaging. CAC 40. This website is using a security service to protect itself from online attacks. It is core to our strategy and sits at the heart of everything we do. We share our vision of digital transformation with purpose, our strategy and our . 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. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Click to reveal The program for 2020 was drawn up in consultation with the teams. "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. 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 share of recycled materials used in our garments from 5.8% to 17.9%. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Wilmar International Limited - Asia's Leading Agribusiness Group At year-end 2020, the Group had a hotel portfolio of 753,344 rooms (5,139 hotels) and a pipeline of 212,000 rooms (1,209 hotels), of which 73% in emerging markets. 2021 ESG REPORT. 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). Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . 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. Universal Registration Document. At Shell, we are doing everything we can to help in the global response to the virus. 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. Follow us on . Energy-saving guest room controls and building systems. 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. 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). 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. Waste Reduction. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Your IP: 193.32.208.109 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. Today, we want to scale up our ambitions by banking on innovation and accountability. 2019 Sustainability Review. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Environmental Policy. 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. 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. Melco recognized by global environmental disclosure system CDP as one of China's . 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. The fruit and vegetables from this garden are served in the restaurant. This website is using a security service to protect itself from online attacks. During the second half of 2021, the Group returned to a positive cash generation situation. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). hide. Read full report. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. 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. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 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 . Accor AC - Euronext Paris. Included in the Integrated Report (Section 6 - p. 120) Download. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. It describes the Company's sustainability platform, material focus areas, goals and results. 6/24/2020. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the 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. 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. 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. 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. Planet 21 is AccorHotels' sustainability program which spans six key pillars including People, Guests, Partners, Communities, Buildings and Sustainable Food, with commitments aligned with the United Nation's Sustainable Development Goals. A team leader who gets the best out of his staff. 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. We are working to reduce the environmental impacts of our operations through our EnviroAction program. Your IP: 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. As of December 31, 2021, the average cost of Accor's debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. 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. Morroco Ourika. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. 2020. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Their report is currently being prepared. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. 75.119.192.80 View File. This website is using a security service to protect itself from online attacks. Environment & CSR. 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. Sustainability and innovation. Many have lost their lives. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. 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.