In an increasingly interconnected world, in which individual actions have a direct impact on global development and welfare, we cannot ignore the environmental and societal challenges that our society is facing.
The success of companies depends on their capacity to face these challenges, to be resilient to changes and to become an active agent of the transition that the world needs.
Aware of these challenges and of the high speed at which they evolve, AccorInvest must assume its responsibility as hotel investor, owner, and operator by developing its activity in a responsible manner.
Through the ESG strategy, AccorInvest materializes its ambition and defines a specific roadmap that includes all its collaborators.
AccorInvest aims to be the reference in terms of Environmental, Social and Governance through all our actions. Therefore, I invite everyone to take the time to read this ESG policy, to make it yours, and to contribute to AccorInvest ambitions.
Setting standards for tor robust governance in the Group.
The Group has established a world-wide ESG governance structure to ensure that the group’s objectives and principles are respected and applied throughout the whole organization.
The governance structure aims at ensuring the alignment of the ESG strategy with the Group’s global strategy, at adapting the global ESG principles to the local contexts, and at serving investors relations.
To ensure the proper functioning of the governance bodies a set of governance rules has been defined. Thus, our ESG commitments are monitored, measured, and represented throughout the organisation, through three main governance bodies:
An ESG Committee at Board level
A strategy deployment steering committee made up of four members of the Executive Committee and the CEO of AccorInvest
Representatives of AccorInvest’s main business lines
Ensuring compliance and demonstrating transparent and ethical conduct in all our operations.
Complying with regulation is essential for achieving the group’s ambitions, this challenge becomes more and more relevant since laws and regulations for private companies are constantly tightening. In this regard, AccorInvest is committed to complying with all laws that apply to its activity and expects all its collaborators to act accordingly.
It should be noted that AccorInvest’s commitments go beyond compliance by setting robust standards of ethics and transparency. Through the Group Ethical Charter, AccorInvest aims at guiding its collaborators through shared ethical principles. These principles must be respected by all AccorInvest employees and business partners.
Investing in a socially responsible manner, by integrating ESG criteria in the investment process.
ESG criteria needs to be considered from the investment phase to ensure the group’s decisions are aligned with its ESG values. Furthermore, this approach may offer a better response to the increasing ESG regulations, to the growing costs of resources, and it may allow to manage risks from a wider approach. Additionally, ESG performant assets are key for achieving hotels operational excellence.
In this regard, AccorInvest is committed to evaluating ESG asset performance and to integrating ESG criteria for making the best investment decisions. This includes new constructions, acquisitions, and renovations.
To support asset managers and decision-makers in this process, AccorInvest has developed an ESG evaluation tool.
Managing AI’s supply chain by monitoring ESG risks and disseminating good practices throughout the value chain.
The Group is aware that, to achieve its sustainability commitments, the impacts generated throughout the whole value chain cannot be ignored.
To ensure that AccorInvest ESG standards are also respected in the purchasing process, whether this process is carried out directly by the Group employees or the hotel Manager, the group relies on a Responsible Procurement Charter that sets out the ESG principles that must guide the purchasing process.
These principles are developed around for key topics:
• Compliance & ethics
• Human Rights
• Health & Safety
The Responsible Procurement Charter must be respected by all the employees of the group involved in the procurement process and by all AccorInvest suppliers, including the hotel manager.
The group aspires to co-create with its employees a working environment where their rights are respected, where innovation and entrepreneurship are key values and where there are no limits for career development. We have defined four main action lines to accomplish this:
AccorInvest values regarding labour relations and social dialogue are described in the group Social Charter.
Preserving the environment is one of the major challenges’ society is facing. Coordinated action must be developed to ensure we limit pressure on resources, we reduce global emissions, and we manage the tons of waste produced daily. Aware of these challenges, AccorInvest is committed to reducing the impact on the environment in all its activities through four main commitments:
These commitments are described in more detail in the Environmental Policy.
Guests are at the centre of AccorInvest concerns. The group is committed to creating and operating hotels where everyone feels welcome and safe. Four action lines have been defined to achieve this objective:
AccorInvest strives to become a key agent in the communities in which it operates by:
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