Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 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). Responsible Business Report 2022. Recycling program in place. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. 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. 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. 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. 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. 531 kb. Melbourne, Victoria, Australia. The action you just performed triggered the security solution. Cloudflare Ray ID: 7a2f1821ef190cc1 You can email the site owner to let them know you were blocked. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). . 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. Planet 21 Season 1 [2011-2015]: a solid track record. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Click to reveal Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Each year Loomis publishes an integrated annual and sustainability report. As of end of December 2021, combined . The covenant was not tested on the two test dates of June 30 and December 31, 2021. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. In the India, Middle East, Africa & Turkey (IMEAT) region, the recovery in business between the third and fourth quarters was impressive (+28 percentage points with RevPAR exceeding FY 2019 levels in the last quarter). Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. All regions are now generating positive EBITDA. 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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 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. Amcor 2020 Sustainability Report. View File. To provide the hotels with effective support as they deploy this new plan, Charter 21, the in-house sustainable development management system for hoteliers, has evolved and been renamed Planet 21 in Action. Key considerations and . 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. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Environment & CSR. 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 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. Investor feedback suggests a yield in a mid-to-high 2% . This result contributes to creating a great place to work. 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. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. In 2019, this bond had been partially redeemed for the amount of 350 million. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. A decrease related primarily to the disposal of Orbis for 1.06 billion in early March 2020 and the 307 million refund related to the withholding tax credit dispute. 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. Waste Reduction. 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. The assessment included seeking internal and external stakeholder feedback. As a leader in the hospitality sector . The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. It is one of four key enablers to deliver our Strategic Plan. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. Your IP: The action you just performed triggered the security solution. 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. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Universal Registration Document. 12/16/2021 1 min. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. room and apartment distribution activities and managed properties). RevPAR was down (49)% in FY 2021 compared with FY 2019. 01/03/2023 02:25 (Paris) 7.74 2.31%. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Accor, a world leading hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable Hospitality Alliance, a global organisation that brings together engaged hospitality companies and uses the industry's collective power to address and tackle . September 21st, 2021. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. 2021 ESG REPORT. *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. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 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. Included in the Integrated Report (Section 6 - p. 120) Download. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 47 million, largely due to the full consolidation of sbe since Q4 2020. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Amcor 2019 GRI Report. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. This website is using a security service to protect itself from online attacks. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. See stock description. For further information, visit www.sustainablehospitalityalliance.org. 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. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. 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. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. 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. Dec 2016 - Jan 20181 year 2 months. 2021 Integrated report. 2018 Consolidated Non-Financial Information. Korian Share. 11/23/2021 3 min. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com.