Responsible Business Report. Plant wall, fight against food waste, etc. SUSTAINABILITY AND CSR REPORT 2018. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. 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. A team leader who gets the best out of his staff. 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. 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. 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. As of December 31, 2021, the average cost of Accor's debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. It is core to our strategy and sits at the heart of everything we do. The report covers the period 1 January to 31 December. 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 . Environment & CSR. Our 21st Sustainability Report covers the period 01 January 2021 . We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. Included in the Integrated Report (Section 6 - p. 120) Download. Performance & security by Cloudflare. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 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. Cloudflare Ray ID: 7a2f1819ababf6ad Innovation is integral to Kering's sustainability policy. 2022 Full-year results. 217.61.142.251 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. Each year Loomis publishes an integrated annual and sustainability report. 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). hide. Live stock. Responsible Business Report 2022. 2020. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. 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. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. reduction in plastic packaging. 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. 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. Accor is a hotel management company founded in 1967 and based in Paris, France. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. 16.3 mb. 00:00. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. "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. Sustainable Food and Beverage. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. 2019 Sustainability Review. 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. 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. Jean-Jacques Morin, Deputy CEO & CFO, and Brune Poirson, Chief Sustainability Officer, discuss the Group's commitment to ESG, focusing on one of its key areas: net zero carbon. September 21st, 2021. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. 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. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. We are working to reduce the environmental impacts of our operations through our EnviroAction program. *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. 2021 ESG REPORT. 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. 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. Our solid performances were achieved owing to the strength of our brands, our financial discipline and the sterling efforts of our teams who, throughout the year, demonstrated determination, tenacity and generosity. 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. The program for 2020 was drawn up in consultation with the teams. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. Key considerations and . room and apartment distribution activities and managed properties). 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. 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. 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). 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. Ben van Beurden, CEO. The new system aims higher and is more accommodating as regards local specifics and operational realities. 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. 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. This plan was the Groups way of encouraging the hospitality business to do The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. Tel: 00 971 4 381 8888. Carbon Neutral Certificate by Farnek. Key Achievements-. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. View File. Corporate Sustainability; . The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. 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. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Performance & security by Cloudflare. Sustainability is integral to how we contribute to social value creation. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. It was a tough year for Shell, but also a year when we set a clear path for our future. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . The . Energy-saving guest room controls and building systems. . We also endeavour to incorporate stakeholder focus areas. 00:00. Cloudflare Ray ID: 7a2f181ebecd86c6 Environmental Policy. Download Snacking Made Right ESG Report. . Novotel Hyderabad Airport. Quality Policy. Waste Reduction. 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. The group has one of the industry's most diverse and fully-integrated hospitality ecosystems encompassing more than 40 luxury, premium, midscale and economy hotel brands, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. 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. Reported revenue for the period reflects the following factors: Consolidated RevPAR was down 62.0% overall for the full-year, and down 64.5% for the second semester. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. 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. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . 2020 Consolidated Non-Financial Information. The action you just performed triggered the security solution. Your IP: Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . 01/03/2023 02:25 (Paris) 7.74 2.31%. It's our way of opening our doors and creating opportunities for all. - 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. 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, 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. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. 47 million, largely due to the full consolidation of sbe since Q4 2020. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. The issues we are tackling are systemic, requiring supply chain and business transformation. . In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Letter from the CEO. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Dec 2016 - Jan 20181 year 2 months. Mar 2021 - Apr 20221 year 2 months. 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. 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. Their report is currently being prepared. Revenue in the Hotel Assets & Other segment was up 29% like-for-like versus FY 2020 and down (35)% like-for-like versus FY 2019. Cloudflare Ray ID: 7a2f1863d83a23d4 Press releases. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Sustainability and innovation. . 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. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. United Arab Emirates. Performance & security by Cloudflare. 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). 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). 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. Full-Year 2022 Results. 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. of suppliers regard H&M Group as a fair business partner. This segment, which is closely linked to business in Australia, notably benefited from a recovery in leisure tourism demand during the first half of the year and at the end of FY 2021 on the North-East coast of the country where most of the Groups Strata activities are located (i.e. Wilmar International Limited - Asia's Leading Agribusiness Group Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Moreover, this operation demonstrated the Groups ambition to accelerate its transition towards a sustainable growth, to notably pursue its commitment in terms of greenhouse gas emission reduction and to affirm its environmental and social values by involving the entire value chain. Eco-designed materials used in the bedrooms. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Strong growth in consolidated revenue. Accsys offers the world a choice to build more sustainably, and we are committed to improving the positive impact we can make in the world, and in Environmental, Social and Governance (ESG) areas. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. This increase reflected the sharp recovery in business during the second half of the year. . During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. You can email the site owner to let them know you were blocked. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. 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)%. 40% of our Resort's hot water is heated by solar power. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . The action you just performed triggered the security solution. Press Releases. 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 . In five years, it has delivered two-thirds of the programs 21 objectives and over 90% of its hotels have embarked on a continuous-improvement drive. In 2019, this bond had been partially redeemed for the amount of 350 million. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Here you can filter our content according to your activity and your interests. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 2017 Report. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! 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. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Over 68 million members benefit from the companys comprehensive loyalty program ALL - Accor Live Limitless - a daily Lifestyle companion that provides access to a wide variety of rewards, services and experiences. The action you just performed triggered the security solution. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. 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. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. . Our Future is About Sustainable Growth. Our teams are devoted to fighting against this evil and encourage their customers to do the same. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). 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. Read more >. 67.211.219.14 We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts The consolidated financial statements and notes related to this press release are available on the www.accor.com website. 2021 Consolidated Non-Financial Information. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. This website is using a security service to protect itself from online attacks. This website is using a security service to protect itself from online attacks. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . The action you just performed triggered the security solution. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. 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. 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. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. 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. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . The covenant was not tested on the two test dates of June 30 and December 31, 2021. 62.141.45.132 Sustainability. PDF 2.23MB The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Sustainability; Home; . The fruit and vegetables from this garden are served in the restaurant. 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. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its With the remit of defining, managing and coordinating the commitments, strategy and roll-out of Group action plans in terms of sustainable development, Brune Poirson joined Accor and its Executive Committee as Sustainable Development Director. 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 sustainability approach includes initiatives at your hotel to . Your IP: Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. During the second half of 2021, the Group returned to a positive cash generation situation. 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. 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 report solidifies the company's commitment to creating a sustainable future and making a difference in the lives of employees, guests and the communities in which it operates. 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. 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. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. PDF document. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working.