Climate Change Data

ACCORINVEST GROUP S.A.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:171,054 t CO₂ eq
Scope 1 Emissions:41,543 tCO2e
Scope 2 Emissions:129,511 tCO2e
Scope 3 Emissions:509 ktCO₂ eq (2019 data, new methodology under development)
Renewable Energy Share:0.03%
Total Energy Consumption:801,630 MWh
Water Consumption:5.72 million m³

ESG Focus Areas

  • Governance
  • Environmental
  • Social

Environmental Achievements

  • 81/100 GRESB Score (+17% pts vs 2022)
  • -12% GHG emissions since 2019 (Scope 1 & 2)
  • 97% of hotels have removed single-use plastic
  • 90+ hotels Green Key certified

Social Achievements

  • 766 Impact hours generated
  • 54/100 av. SRI Score (+6% pts vs 2022)
  • 55% women in total workforce
  • 3,100+ training modules provided to employees

Governance Achievements

  • Modified Group governance to enhance organizational flexibility
  • ESG objectives contribute to the variable remuneration of top management members
  • 0 corruption and bribery cases reported in 2023

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050
Medium-term Goals:
  • -50% on the absolute amount of scopes 1 and 2 emissions by 2030
  • -27.5% on the absolute amount of scope 3 emissions by 2030
Short-term Goals:
  • 80% of portfolio (in value) BREEAM-In-Use certified by 2026
  • 100% of European hotels equipped with IoTs by 2025

Environmental Challenges

  • Complex macroeconomic landscape
  • Persistent inflation and financial pressure
  • Increasing ESG pressures
  • Supply chain management
  • Climate change attenuation and adaptation
  • Investments to reduce environmental impact
  • Employee attractivity and retention
  • Employee development & new ways of working
  • Health, safety & well-being
  • Client health and well-being
Mitigation Strategies
  • Developed a robust ESG governance model
  • Implemented a Responsible Investment Policy
  • Deployed an action plan to support suppliers in their carbon reduction efforts
  • Implemented a three-fold approach to attract and retain talent
  • Deployed complementary internal communication channels
  • Offered several training programs covering hard and soft skills
  • Implemented a carbon neutrality action plan based on four pillars
  • Set up a new energy, water and carbon governance

Supply Chain Management

Supplier Audits: 62% of referenced risk 3 suppliers have undergone an external audit

Responsible Procurement
  • Accor Responsible Procurement Process
  • Contracts including CSR clauses
  • CSR assessment (Ecovadis)

Climate-Related Risks & Opportunities

Physical Risks
  • Flood
  • Extreme heat
  • Water stress
  • Windstorms
Transition Risks
  • Increased energy prices
  • Loss of asset value
  • Cost to transitioning to low-carbon buildings
  • Compliance to current & emerging climate-related regulation
  • Carbon/energy taxes
  • Lower capacity to generate debt
Opportunities
  • Higher energy/climate-related performance of buildings
  • Higher asset value due to high climate performance
  • Access to new diversified (green) financing
  • Positive brand image leading to higher demand

Reporting Standards

Frameworks Used: GRESB, Science-Based Targets initiative (SBTI), TCFD

Certifications: Green Key, BREEAM-In-Use

Sustainable Products & Innovation

  • ibis K_AI and Novotel Sundukovy Alternative rooms
  • RECAP tool

Awards & Recognition

  • Most Attractive Employer Award (Accor-Pannonia Hotels Zrt. in Hungary)
  • AccorInvest ESG Innovation Award (Novotel Athens)