and its hotels to measure and improve its sustainability performance long-term with specific goals. 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. Press releases. For more information visit or follow Accor on Twitter, Facebook, LinkedIn and Instagram. 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. . 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. You can email the site owner to let them know you were blocked. 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. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. For more information visit, or become a fan and follow us on Twitter and Facebook. As of end of December 2021, combined . Click on the brand of your choice if you want to filter the benefits. Follow us on . Luxury & Lifestyle. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 12/16/2021 1 min. Mar 2021 - Apr 20221 year 2 months. Recycling program in place. 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. This decline reflects an environment disrupted by the resurgence of the Covid-19 pandemic, despite a marked improvement in global business levels from April 2021. In 2019, this bond had been partially redeemed for the amount of 350 million. 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. Water-efficient landscaping. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. Two key issues to tackle will be food and buildings. 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. SUSTAINABILITY AND CSR REPORT 2019. The covenant was not tested on the two test dates of June 30 and December 31, 2021. 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)%. 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. Letter from the CEO. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). You can email the site owner to let them know you were blocked. 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. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. This performance was linked to the recovery in business which reflected better absorption of fixed costs. View File. Planet 21 Season 2 must enable us to create wealth sustainably and curb our negative impacts through the mobilization of our employees, guests, partners and local communities. 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. Click to reveal Our teams are devoted to fighting against this evil and encourage their customers to do the same. The action you just performed triggered the security solution. 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). . Sustainability. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Cloudflare Ray ID: 7a2f181ebecd86c6 As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. Sustainability and innovation. 2017 Report. made possible thanks to the work of our devoted teams Accor over the world. 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. hide. 2018 Consolidated Non-Financial Information. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. This website is using a security service to protect itself from online attacks. Performance & security by Cloudflare. Our 21st Sustainability Report covers the period 01 January 2021 . Solid and sustainable rebound. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. It's our way of opening our doors and creating opportunities for all. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. - Lacey Pfalz, Associate Writer, TravelPulse. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. ESG challenges - i.e., Environmental, Social and Governance (ESG . 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. Here you can filter our content according to your activity and your interests. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Planet 21 [2016-2020] is structured into four areas of action enlisting its employees, customers, partners and local communities, and two priorities, namely food & beverage and buildings. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. The report covers the period 1 January to 31 December. Accor AC - Euronext Paris. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Live stock. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. reduction in plastic packaging. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Your IP: 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. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Senior Vice President Group External Communications. After five years, the results of the first phase of the plan are very encouraging. The fruit and vegetables from this garden are served in the restaurant. It follows the GRI methodology and use selected Standards with a GRI . This website is using a security service to protect itself from online attacks. of suppliers regard H&M Group as a fair business partner. The program for 2020 was drawn up in consultation with the teams. 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. 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. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Full-Year 2022 Results. 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. 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. The . Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Performance & security by Cloudflare. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Water conservation measures in place. Tel: 00 971 4 381 8888. Click to reveal Your IP: For further information, visit Innovation is integral to Kering's sustainability policy. It is core to our strategy and sits at the heart of everything we do. Many have lost their lives. 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. A team leader who gets the best out of his staff. . The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. . Each solution measures operational impact, costs and environmental performance .