Press releases. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. Cloudflare Ray ID: 7a2f1863d83a23d4 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 . Organic waste diversion program in place. 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. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. . Investor feedback suggests a yield in a mid-to-high 2% . Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Innovation is integral to Kering's sustainability policy. 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. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. 67.211.219.14 Melbourne, Victoria, Australia. Revenue Manager. Solid and sustainable rebound. 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. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. Click to reveal Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. . After five years, the results of the first phase of the plan are very encouraging. The change in working capital requirement returned to close to breakeven. PDF document. 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 increase reflected the sharp recovery in business during the second half of the year. As a leader in the hospitality sector . 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. 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. You can email the site owner to let them know you were blocked. 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). - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. Amcor 2019 GRI Report. To provide the hotels with effective support as they deploy this new plan, Charter 21, the in-house sustainable development management system for hoteliers, has evolved and been renamed Planet 21 in Action. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. . 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. Universal Registration Document. Premium, Midscale, Economy. 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. 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. 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. Responsible Business Report. 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. 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. 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 coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Corporate Sustainability; . Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. 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. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . United Arab Emirates. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The covenant was not tested on the two test dates of June 30 and December 31, 2021. Follow us on . Live stock. 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. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Press Releases. Marriott International, Inc. (Nasdaq: MAR) ("Marriott") today released its 2021 Serve 360 Report presenting data from 2020 and demonstrating its Environmental, Social, and Governance (ESG) efforts toward the company's 2025 Sustainability and Social Impact Goals. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Read Letter from the CEO. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . This performance was linked to the recovery in business which reflected better absorption of fixed costs. Sustainability and innovation. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. For 2022, the Group expects a net unit growth of 3.5%. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Included in the . 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. During the first quarter of 2021, two capital increases were completed for the amounts of 150 million (of which 45 million for Accor) and of 327 million (of which 109 million for Accor). The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. It was a tough year for Shell, but also a year when we set a clear path for our future. Increase in the Loyalty Mix. PDF 2.23MB 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. Performance & security by Cloudflare. Performance & security by Cloudflare. For further information, visit www.sustainablehospitalityalliance.org. The report covers the period 1 January to 31 December. 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. 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. Read full report. This plan was the Groups way of encouraging the hospitality business to do Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. The assessment included seeking internal and external stakeholder feedback. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . CAC 40 - INDEXEURO. 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. 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. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 00:00. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Accor is deeply committed to sustainable value creation and plays an active role in giving back to planet and community via its Planet 21 Acting Here program and the Accor Solidarity endowment fund, which gives disadvantaged groups access to employment through professional training. Wilmar International Limited - Asia's Leading Agribusiness Group 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. All regions are now generating positive EBITDA. room and apartment distribution activities and managed properties). Accor's sustainability approach includes initiatives at your hotel to . - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. Read full report. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. This website is using a security service to protect itself from online attacks. 2020 Consolidated Non-Financial Information. Letter from the CEO. The Report can be accessed here. Your IP: 16.3 mb. 164.46.106.217 The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. It is core to our strategy and sits at the heart of everything we do. . AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Accor AC - Euronext Paris. Sustainable Food and Beverage. 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. . Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Two key issues to tackle will be food and buildings. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Cloudflare Ray ID: 7a2f1819ababf6ad It was a tough year for everyone. 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 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. the share of recycled materials used in our garments from 5.8% to 17.9%. Strong growth in consolidated revenue. 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's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 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. 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. 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)%. 12/28/2022. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. 47 million, largely due to the full consolidation of sbe since Q4 2020. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The issues we are tackling are systemic, requiring supply chain and business transformation. 6/24/2020. Many have lost their lives. 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. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. The action you just performed triggered the security solution. . 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. 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. Senior Vice President Group External Communications. 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. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. This website is using a security service to protect itself from online attacks. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Your IP: and its hotels to measure and improve its sustainability performance long-term with specific goals. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. 40% of our Resort's hot water is heated by solar power. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. 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. 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. 2021 Consolidated Non-Financial Information. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. 01/03/2023 02:25 (Paris) 7.74 2.31%. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. 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. We also endeavour to incorporate stakeholder focus areas. 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. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. The action you just performed triggered the security solution. 62.141.45.132 To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 12/16/2021 1 min. Planet 21 Season 1 [2011-2015]: a solid track record. 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. Plant wall, fight against food waste, etc. Click to reveal 531 kb. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. The Group controls this new entity through the ownership of a 66.67% stake. In 2019, this bond had been partially redeemed for the amount of 350 million. 2019 Sustainability Review. Here you can filter our content according to your activity and your interests. 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. This website is using a security service to protect itself from online attacks. Key Achievements-. PDF document. You can email the site owner to let them know you were blocked. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. It is one of four key enablers to deliver our Strategic Plan. 2011-2020 Huawei Consumer Business . 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.
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