RevPAR was down (49)% in FY 2021 compared with FY 2019. This result contributes to creating a great place to work. After five years, the results of the first phase of the plan are very encouraging. 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. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. 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. We share our vision of digital transformation with purpose, our strategy and our . Live stock. 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. . Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Accor AC - Euronext Paris. Many have lost their lives. 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 . This plan was the Groups way of encouraging the hospitality business to do Double our percentage of women in leadership to 34%. Your IP: of suppliers regard H&M Group as a fair business partner. Tel: 00 971 4 381 8888. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Performance & security by Cloudflare. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. Strong growth in consolidated revenue. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. We also endeavour to incorporate stakeholder focus areas. . 75.119.192.80 This website is using a security service to protect itself from online attacks. 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). Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . 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. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. . Performance & security by Cloudflare. After adding a record 45,108 rooms (327 hotels) on an organic basis during the period, including 12,954 rooms (65 hotels) in the Luxury segment, Accor had a portfolio of 739,537 rooms (5,036 hotels) and a pipeline of 208,000 rooms (1,206 hotels) at December 31, 2019, of which 76% in emerging markets. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. Guest Service Agent - Club Sofitel Lounge. Environment & CSR. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. 62.141.45.132 For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. Click to reveal Ben van Beurden, CEO. 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 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. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). 531 kb. SUSTAINABILITY AND CSR REPORT 2018. 2020. PDF document. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. All regions are now generating positive EBITDA. 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. This redemption was notably funded through the issuance of bonds convertible and/or exchangeable into new and/or existing shares (OCEANEs) on December 7, 2020. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. North Europe showed a more modest sequential improvement (+2 percentage points between the third and fourth quarters) and ended FY 2021 with RevPAR down (57)% compared with FY 2019. Melco recognized by global environmental disclosure system CDP as one of China's . - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. The program for 2020 was drawn up in consultation with the teams. Senior Vice President Group External Communications. CAC 40. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Quality Policy. Here you can filter our content according to your activity and your interests. . Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. You can email the site owner to let them know you were blocked. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. At the end of 2015, all its hotels were committed to protecting children from abuse (in-house awareness program, WATCH) and more than 4.5 million trees had been planted worldwide since 2009. 12/16/2021 1 min. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 2011-2020 Huawei Consumer Business . In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. Responsible Business Report. 2020 Consolidated Non-Financial Information. 2021 ESG REPORT. 2018 Consolidated Non-Financial Information. Cloudflare Ray ID: 7a2f181ebecd86c6 Melbourne, Victoria, Australia. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. It is core to our strategy and sits at the heart of everything we do. . 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. Read full report. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. The Group controls this new entity through the ownership of a 66.67% stake. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. This website is using a security service to protect itself from online attacks. This performance was linked to the recovery in business which reflected better absorption of fixed costs. 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). PDF 10.87MB; ESG Databook. Sustainability Disclosure 2021. It has affected so many people around the world. We are working to reduce the environmental impacts of our operations through our EnviroAction program. 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. 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. 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)%. You can email the site owner to let them know you were blocked. It was a tough year for Shell, but also a year when we set a clear path for our future. The Company's brands include: Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, ibis, all seasons, Etap hotel, hotelF1, Motel6, as well as Thalassa sea & spa, and Lentre. Click to reveal Besides, Accor will continue working on restoring its pre-Covid credit profile and could contemplate an additional return beyond its ordinary dividend subject to the respect of this objective. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive A trouble-shooter who is constantly looking to solve problems and see problems as challenges. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . Planet 21 Season 1 [2011-2015]: a solid track record. 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. Premium, Midscale, Economy. Read Letter from the CEO. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . At Shell, we are doing everything we can to help in the global response to the virus. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. 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. 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. The issues we are tackling are systemic, requiring supply chain and business transformation. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. 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. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. The action you just performed triggered the security solution. 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. . Letter from the CEO. Accor Planet 21 Background . Carbon Neutral Certificate by Farnek. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Press Releases. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive The . 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). 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 Hyderabad Area, India. During the second half of 2021, the Group returned to a positive cash generation situation. 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. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Full-Year 2022 Results. 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. Operational waste. As of end of December 2021, combined with the two undrawn credit facilities of 1.8 billion, Accor had a liquidity position of 3.4 billion. Your IP: 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. This website is using a security service to protect itself from online attacks. On November 12th, the UN Climate Change Summit (COP26) in Glasgow ended with a clear consensus that the world needs to do much more to limit global warming to 1.5C by 2050 and avert a climate crisis. 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. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 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. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! The new system aims higher and is more accommodating as regards local specifics and operational realities. Innovation is integral to Kering's sustainability policy. The report covers the period 1 January to 31 December. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. Sustainability; Home; . The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Follow us on . 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. Wilmar International Limited - Asia's Leading Agribusiness Group It describes the Company's sustainability platform, material focus areas, goals and results. Included in the Integrated Report (Section 6 - p. 120) Download. Each solution measures operational impact, costs and environmental performance . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Key performance indicators. This website is using a security service to protect itself from online attacks. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. This website is using a security service to protect itself from online attacks. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. As part of a policy of progress and transparency, the Group asked its customers for their views on these issues, updated its environmental footprint and assessed its socio-economic footprint for the first time to assess the challenges it faces and construct its new 5-year program. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. 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. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. 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.