. Allianz Sustainability Report Sustainability and innovation. Cloudflare Ray ID: 7a2f1819ababf6ad Mia Martina - Guest Service Supervisor - Sofitel Melbourne - LinkedIn 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. Sustainability. 2011-2020 Huawei Consumer Business . Included in the Integrated Report (Section 5 - p. 88) download. 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. 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. The action you just performed triggered the security solution. "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. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. 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, 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. Initiatives to cut fixed costs were partially offset by weaker government subsidies than a year earlier, but nevertheless also continued to have a positive impact. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Performance & security by Cloudflare. Click to reveal Responsible Business Report 2022. 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. PDF document. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. SUSTAINABILITY AND CSR REPORT 2019. For further information, visit www.sustainablehospitalityalliance.org. Key performance indicators. 11/23/2021 3 min. Your IP: Many have lost their lives. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 164.46.106.217 Solid and sustainable rebound. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Sustainability; Home; . 2021 ESG REPORT. Responsible Business Report. 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)%. The Asia-Pacific region enjoyed a sequential improvement in RevPAR (+9 percentage points between the third and fourth quarters) after a third quarter hit by tighter Covid restrictions. Organic waste diversion program in place. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. View File. The . 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 . The fruit and vegetables from this garden are served in the restaurant. Read Letter from the CEO. SUSTAINABILITY AND CSR REPORT 2018. 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. Press releases | Accor - Newsroom With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Sustainability and ESG - Accsys Technologies Share your thoughts with Twitter #ActingHere, More information on the digital press kit. 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 also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. InterContinental Hotels Group Corporate Responsibility | IHG 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. It was a tough year for Shell, but also a year when we set a clear path for our future. The action you just performed triggered the security solution. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. 00:00. 12/28/2022. accor sustainability report 2020meadowglen lane apartments. Performance & security by Cloudflare. 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. Amcor 2020 Sustainability Report. 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. 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. made possible thanks to the work of our devoted teams Accor over the world. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. Cloudflare Ray ID: 7a2f1821ef190cc1 The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 2018 Consolidated Non-Financial Information. Accor's sustainability approach includes initiatives at your hotel to . In 2019, this bond had been partially redeemed for the amount of 350 million. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. Accor reaffirms its net-zero commitment and signs two new initiatives Each solution measures operational impact, costs and environmental performance . Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Wilmar International Limited - Asia's Leading Agribusiness Group Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. 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. Guest Service Agent - Club Sofitel Lounge. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Universal Registration Document. You can email the site owner to let them know you were blocked. 75.119.192.80 Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Building on the strength of our teams and of our holistic ecosystem of leading brands, personalized services & expert solutions, we break new ground to reimagine hospitality and inspire new ways to experience the world. Working together for a better future. Hyderabad Area, India. All. 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. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Click on the brand of your choice if you want to filter the benefits. 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. Full-Year 2020 Results Accor demonstrates resilience and adaptability Accor is a committed, inclusive company that strives to limit its carbon footprint and impact on the planet, and to respond to travelers' concerns about social and environmental responsibility. The Group controls this new entity through the ownership of a 66.67% stake. Accor says stop to single-use plastic in its hotels by 2022 - English Sustainability and diversity detailed in new AccorHotels report This result contributes to creating a great place to work. Your IP: - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Mercure Dubai Barsha Heights - Sustainability revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 This website is using a security service to protect itself from online attacks. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. Accor joins global sustainability network, the Sustainable Hospitality PDF Wilmar International Limited - Asia's Leading Agribusiness Group 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. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. 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. CAC 40. Melco recognized by global environmental disclosure system CDP as one of China's . 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. Key considerations and . The Management & Franchise division of HotelServices reported EBITDA of 275 million, significantly higher than in 2020 (25 million) and down (64)% like-for-like compared with FY 2019. 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. 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 . Click to reveal Double our percentage of women in leadership to 34%. 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. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 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. 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. 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. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The change in working capital requirement returned to close to breakeven. The covenant was not tested on the two test dates of June 30 and December 31, 2021. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. 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. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. room and apartment distribution activities and managed properties). Water-efficient landscaping. 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. 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. Building on the strength of our teams and of our holistic ecosystem of leading brands, personalized services & expert solutions, we break new ground to reimagine hospitality and inspire new ways to experience the world. PDF 2.23MB . Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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). Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Dec 2016 - Jan 20181 year 2 months. Press Releases. Live stock. AccorHotels takes its corporate responsibility to the next level with ITC's Sustainability Reports 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. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 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. Our teams are devoted to fighting against this evil and encourage their customers to do the same. It was a tough year for everyone. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. The action you just performed triggered the security solution. This website is using a security service to protect itself from online attacks. Senior Vice President Group External Communications. 2019 Sustainability Review. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. 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. Paccor Publishes First Annual Sustainability Report South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. - 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. 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. 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 share our vision of digital transformation with purpose, our strategy and our . It is one of four key enablers to deliver our Strategic Plan. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. Click to reveal The action you just performed triggered the security solution. You can email the site owner to let them know you were blocked. RevPAR was down (49)% in FY 2021 compared with FY 2019. 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. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Performance & security by Cloudflare. Luxury & Lifestyle. Accor's Full-Year 2021 Results: Significant rebound in activity By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. 00:00. A team leader who gets the best out of his staff. The Group strives to act for "positive hospitality" and has set ambitious objectives, structured around four strategic pillars: working with our teams, involving our clients . Our Future is About Sustainable Growth. 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. Corporate Sustainability; . We measure and report on our Scope 1, Scope 2 . THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. Corporate reporting and sustainability policy statement Coupa provides a unified, cloud-based spend management platform that connects hundreds of . 2021 Consolidated Non-Financial Information. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Included in the . Although the effects of this unprecedented crisis linked to the Covid-19 pandemic have not yet fully disappeared, all of the Groups geographies now appear to be well on the way to enjoying more normative levels of business. Press releases. See stock description. Performance & security by Cloudflare. Today, we want to scale up our ambitions by banking on innovation and accountability. 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's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. 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 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. Click to reveal Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. The new system aims higher and is more accommodating as regards local specifics and operational realities. Revenue Manager. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Sustainability is integral to how we contribute to social value creation.