. 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 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). Our Future is About Sustainable Growth. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. . Amcor 2019 GRI Report. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Live stock. 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. 2020. 47 million, largely due to the full consolidation of sbe since Q4 2020. 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. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Read Letter from the CEO. 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. Click to reveal 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. Cloudflare Ray ID: 7a2f1821ef190cc1 There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. 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. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Accor AC - Euronext Paris. CAC 40. Strong growth in consolidated revenue. Read full report. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. In general, the sharper decline in M&F revenue compared to RevPAR (down (46)% over FY 2021 versus FY 2019) can be attributed to the strong decrease in incentive fees based on the hotel operating margin generated from management contracts. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. SUSTAINABILITY AND CSR REPORT 2019. The action you just performed triggered the security solution. At the end of December 2021, the Group had a hotel portfolio of 777,714 rooms (5,298 hotels) and a pipeline of 214,000 rooms (1,218 hotels). Sustainability. SUSTAINABILITY AND CSR REPORT 2018. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. 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. 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. 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. Their report is currently being prepared. You can email the site owner to let them know you were blocked. 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. 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). 01/03/2023 02:25 (Paris) 7.74 2.31%. 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. Quality Policy. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Click to reveal Two key issues to tackle will be food and buildings. incentive fees based on the hotel operating margin. See stock description. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Two key issues to tackle will be food and buildings. 11/23/2021 3 min. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Moreover, our pipeline continues to flourish, with Luxury & Upscale segment representing close to 40% of future openings, a 12-point increase in the past 4 years. Develops talent from within and a strong disciplinarian who leads by example. Press Releases. During the second half of 2021, the Group returned to a positive cash generation situation. Investor feedback suggests a yield in a mid-to-high 2% . The issues we are tackling are systemic, requiring supply chain and business transformation. 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. We are working to reduce the environmental impacts of our operations through our EnviroAction program. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. You can email the site owner to let them know you were blocked. The . 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. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. 2011-2020 Huawei Consumer Business . 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. - 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. Plant wall, fight against food waste, etc. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. Sustainability Disclosure 2021. . 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). They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. 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. The new system aims higher and is more accommodating as regards local specifics and operational realities. 2021 Consolidated Non-Financial Information. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Environment & CSR. 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. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. The program for 2020 was drawn up in consultation with the teams. United Arab Emirates. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. 193.32.208.109 Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. . Accor Planet 21 Background . Accor's sustainability approach includes initiatives at your hotel to . 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. Your IP: Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Performance & security by Cloudflare. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Press releases. Many have lost their lives. 2021 Integrated report. Environmental Sustainability Highlights 2019/2020 - Hyatt About 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. The Report can be accessed here. Through its Planet 21 Acting Here, 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. 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. Responsible Business Report. It is one of four key enablers to deliver our Strategic Plan. The action you just performed triggered the security solution. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. You can email the site owner to let them know you were blocked. Cloudflare Ray ID: 7a2f1819ababf6ad Novotel Hyderabad Airport. 2021 Sustainability Report. Follow us on . Your IP: Sustainability is integral to how we contribute to social value creation. Cloudflare Ray ID: 7a2f1863d83a23d4 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). Performance & security by Cloudflare. 164.46.106.217 In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. During 2021, Accor organically opened 288 hotels, representing 41,000 rooms, resulting in a net growth in the network of 3% over the 12-month period. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Dec 2016 - Jan 20181 year 2 months. Accor is a committed, inclusive company that strives to limit its carbon footprint and impact on the planet, and to respond to travelers' concerns about social and environmental responsibility. The change in working capital requirement returned to close to breakeven. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. 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. 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. 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 . 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. 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 . Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. This increase reflected the sharp recovery in business during the second half of the year. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. 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. 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. 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. 2022 Full-year results. This website is using a security service to protect itself from online attacks. . Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. 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. Download Snacking Made Right ESG Report. Working together for a better future. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point.