Sustainability and ESG - Accsys Technologies reduction in plastic packaging. incentive fees based on the hotel operating margin. Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States. 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. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . The issues we are tackling are systemic, requiring supply chain and business transformation. 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. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Accor. Investor feedback suggests a yield in a mid-to-high 2% . Today, we want to scale up our ambitions by banking on innovation and accountability. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. notably in the Food & Beverage segment, but also for flex office activities, wellness, entertainment and events as well as technologies linked to the hotel industry. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. 40% of our Resort's hot water is heated by solar power. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. 2019 Sustainability Review. Follow us on . 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. 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. At Accor, we ask our customers to reuse their towels. Live stock. PDF document. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its "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. 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. Click to reveal Waste Reduction. 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. Their report is currently being prepared. 16.3 mb. Universal Registration Document. Innovation is integral to Kering's sustainability policy. This website is using a security service to protect itself from online attacks. Consensus ESG Ratings info for Accor | Company Ratings On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. You can email the site owner to let them know you were blocked. 75.119.192.80 The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 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). Accor wraps lender calls on 500M of sustainability-linked bonds The action you just performed triggered the security solution. It follows the GRI methodology and use selected Standards with a GRI . +7 percentage points between the third and fourth quarters). 47 million, largely due to the full consolidation of sbe since Q4 2020. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Sustainability Reports | CapitaLand Sustainability report | Loomis Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. PDF 2.23MB (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. Key Achievements-. Accor reaffirms its net-zero commitment and signs two new initiatives For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Read Letter from the CEO. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Accor took one bold commitment in 2019/20: eliminate ALL guest-related single-use plastic items in its hotels by end 2022 across 110 countries . The cost of net financial debt was up between FY 2020 and FY 2021, reflecting the downward revision to the Groups S&P credit rating in August 2020. 00:00. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Amcor 2019 GRI Report. It has affected so many people around the world. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. The . Sustainability Disclosure 2021. 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. Sustainability & Environmental Responsibility | Social - Gore 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. This website is using a security service to protect itself from online attacks. At Shell, we are doing everything we can to help in the global response to the virus. *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. 12/16/2021 1 min. As a leader in the hospitality sector . In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 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. Your IP: Working together for a better future. This increase reflected the sharp recovery in business during the second half of the year. Wilmar International Limited - Asia's Leading Agribusiness Group Their members make up 25% of the global hotel industry by rooms and include 14 world-leading hotel companies including Marriott International, Hilton, IHG, Hyatt and Radisson Hotels Group as well as regional brands. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Accor says stop to single-use plastic in its hotels by 2022 - English 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. 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. You can email the site owner to let them know you were blocked. 2020 Consolidated Non-Financial Information. It was a tough year for Shell, but also a year when we set a clear path for our future. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 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. We measure and report on our Scope 1, Scope 2 . Letter from the CEO. 2017 Report. 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. . 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. Quality Policy. 11/23/2021 3 min. - Lacey Pfalz, Associate Writer, TravelPulse. 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. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. ESG challenges - i.e., Environmental, Social and Governance (ESG . Cloudflare Ray ID: 7a2f1821ef190cc1 Your IP: Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. 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. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. PDF 10.87MB; ESG Databook. Responsible Business - InterContinental Hotels Group PLC Paccor Publishes First Annual Sustainability Report Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The action you just performed triggered the security solution. Sustainability; Home; . Coupa provides a unified, cloud-based spend management platform that connects hundreds of . We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 2022 Full-year results. 2011-2020 Huawei Consumer Business . Press releases. Through its global sustainability commitments (such as achieving Net Zero Carbon emissions by 2050, global elimination of single use plastics in its hotels' guest experience, etc. This result contributes to creating a great place to work. 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 . 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. Third-quarter 2021 revenue of 589 million up 79% like-for-like | Accor . 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. This performance was linked to the recovery in business which reflected better absorption of fixed costs. - 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. accor sustainability report 2020meadowglen lane apartments. Our Future is About Sustainable Growth. 6/24/2020. 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. Read full report. 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. 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. 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. Cloudflare Ray ID: 7a2f181ebecd86c6 Revenue in the Management & Franchise (M&F) stood at 518 million, up 74% like-for-like versus FY 2020 (down (51)% like-for-like versus FY 2019), with regional performances correlated to health crisis developments in the countries considered. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. Dec 2016 - Jan 20181 year 2 months. You can email the site owner to let them know you were blocked. MGM Resorts International's 2020 Social Impact and Sustainability 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. It is core to our strategy and sits at the heart of everything we do. 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). Accor AC - Euronext Paris. 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. 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). 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 action you just performed triggered the security solution. Sustainability reporting | BHP HotelServices EBITDA was positive at 93 million for 2021. 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. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020.