Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Performance & security by Cloudflare. The . PDF document. Sbastien Bazin, the Group's Chairman & CEO, stated, "The commitment and energy demonstrated by our teams in deploying Planet 21 worldwide, are both valuable levers for our sustainable performance. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. 2021 ESG REPORT. Increase in the Loyalty Mix. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Cloudflare Ray ID: 7a2f181ebecd86c6 As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Performance & security by Cloudflare. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Double our percentage of women in leadership to 34%. 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. 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. 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. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. The covenant was not tested on the two test dates of June 30 and December 31, 2021. This increase reflected the sharp recovery in business during the second half of the year. 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. Key considerations and . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. After five years, the results of the first phase of the plan are very encouraging. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. Click to reveal PDF 10.87MB; ESG Databook. 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 . It is one of four key enablers to deliver our Strategic Plan. Two key issues to tackle will be food and buildings. Accor Planet 21 Background . Our Future is About Sustainable Growth. Hyderabad Area, India. . Mar 2021 - Apr 20221 year 2 months. 12/16/2021 1 min. Environmental Policy. 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. This change masks disparities between the hard-hit businesses directly related to the Travel segment, such as onefinestay private home rentals, and the digital businesses, such as D-Edge services. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. hide. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. It's our way of opening our doors and creating opportunities for all. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. Included in the Integrated Report (Section 5 - p. 88) download. Click to reveal We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. AccorHotels, the world's leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. 2020. It describes the Company's sustainability platform, material focus areas, goals and results. With the remit of stepping up development of the two brands by rolling out exceptional offerings and cultural excellence with its teams, Accor appointed Stephen Alden to its Executive Committee and is CEO of the Raffles and Orient Express brands. Innovation is integral to Kering's sustainability policy. This SPAC successfully raised 300 million with a view to acquire one or more companies in sectors related to the core hotel business operated by Accor, 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. You can email the site owner to let them know you were blocked. Download Snacking Made Right ESG Report. Responsible Business Report 2022. A sustainable commitment to improve your hotel's performance. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. The proceeds of this issue were partly used to refinance existing debt of 448 million with maturities in 2023 and 2024, through a Liability Management operation coupled to this bond issue. Your IP: Key performance indicators. room and apartment distribution activities and managed properties). We also endeavour to incorporate stakeholder focus areas. We share our vision of digital transformation with purpose, our strategy and our . WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. 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)%. 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. 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. . Read Letter from the CEO. Guest Service Agent - Club Sofitel Lounge. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. All. 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. 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 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. Charlotte ThouvardSenior Vice President Group External CommunicationsAccor, 1995-2023 Hospitality Net All rights reserved Hospitality Net is powered by Hsyndicate, Accor's Third-quarter 2021 revenue of 589 million up 79% like-for-like, Accor CEO: Business is back, teams are back, desire is back.. 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. This website is using a security service to protect itself from online attacks. 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. *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. Read full report. 40% of our Resort's hot water is heated by solar power. View File. 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). 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. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. 62.141.45.132 Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Their report is currently being prepared. Our Future is About Sustainable Growth. The action you just performed triggered the security solution. Amcor 2019 GRI Report. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 2017 Report. Water conservation measures in place. Sustainability. 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. Services to Owners revenue, which includes the Sales, Marketing, Distribution and Loyalty division, as well as shared services and the reimbursement of hotel staff costs, came to 1,064 million for FY 2021, down (43)% compared with FY 2019. Sbastien Bazin, Chairman and Chief Executive Officer of Accor, said:Despite a disrupted start of the year due to overall health restrictions, 2021 showed significant improvement in our business, as of the spring, with trends picking-up month after month right up to December. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 2011-2020 Huawei Consumer Business . Performance & security by Cloudflare. 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. 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. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. 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. Senior Vice President Group External Communications. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). Strong growth in consolidated revenue. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020.