On 2 April 2020, Accor announced its decision to allocate €702 million, i.e. 25% of the €2802 million dividend payment initially planned, on 2019 earnings, to launch the ALL Heartist Fund, a fund set up for Group employees and individual partners impacted by the Covid-2019 crisis.
This initiative illustrates the desire of the Group and its shareholders to provide a meaningful and significant contribution to solidarity initiatives developed throughout the world to address the current health crisis.
Allocating substantial Group resources to continue, complement and extend numerous initiatives already in place in certain geographies, the Fund supports the Group’s 300,000 Accor network employees. Such initiatives involve global headquarter teams and Group staff experiencing financial difficulties after being furloughed and suffering significant reductions in income linked to work stoppages caused by the Covid-19 crisis, (leading to their inability to cover basic subsistence spending (food, healthcare, safety, housing, education and/or funeral expenses). The fund also helps those without social security or medical insurance coverage in dealing with hospitalization or the loss of a loved one because of the Covid-19 pandemic.
In addition, the Fund provides support to individual partners of the Group, working either directly for Accor or via their own businesses, who are experiencing personal financial difficulty owing to business stoppages as a result of the pandemic.
The ALL Heartist Fund also provides support to professionals working on the front line in the fight against Covid-19 who endure difficult working conditions (medical staff, police, armed forces) providing them with housing, support and care solutions on top of the range of initiatives offered by Accor Group hotels and businesses worldwide.
In addition, the Group welcomed in its hotels in France, the UK, Belgium, South America, Africa and the Middle-East, those suffering from the current crisis (the homeless, victims of domestic violence, etc.) as well as recovering patients, to ease the burden on healthcare facilities and enable them to look after patients in greater need.
