2014 Registration Document and Annual Financial Report - page 127

Risk management
More particularly, given that Accor uses very few toxic or hazardous
products, there is little risk of accidental pollution likely to have an
impact beyond its hotels. In seawater spas, however, procedures
have been introduced to alert the public authorities in the event of
non-compliant wastewater analyses.
Asbestos was used in the construction of certain hotels at a time
when it was not yet prohibited.The use of asbestos in our buildings is
now, however, completely forbidden.When hotel buildings containing
asbestos are renovated, very strict protocols are implemented to
protect workers, in compliance with the applicable local regulations.
Most Accor hotels are located in Europe and are subject to EU
directives in the following main areas:
environmental responsibility;
building energy efficiency;
waste management, including non-hazardous waste (particularly
packaging), electrical and electronic equipment, and hazardous
waste (particularly batteries and compact fluorescent light bulbs);
management of cooling fluids;
management of chemical substances (compliance with the
REACH directive).
In France, certain installations are covered by regulations relating
to facilities listed for environmental protection purposes and must
therefore be registered in accordance with the relevant procedures.
To mitigate the possibility of the above environmental risks occurring
in any hotel worldwide, prevention policies have been put into
place, based on:
the proprietary SET software program, whichmeasures compliance
with Safety, Environmental andTechnical regulations, as described
in the corporate responsibility section of this Registration
Document on page 61;
deployment of the ISO 14001 certification program, as described
in the corporate responsibility section of this Registration
Document on page 61;
specific procedures implemented by the country organizations.
Exogenous risks, which mainly arise when hotels are located near
industrial sites or airports, are identified and taken into account
during onsite visits by insurers.
No provisions for environmental risks were recognized in 2014 as no
major information on environmental issues was reported following
the risk mapping exercise for the Group’s operations carried out by
the Risk Management and Insurance Department.
Lastly, Accor was not the subject of any court rulings in connection
with any environmental claims during the year.
Regulatory and legal risks
Regulatory risks
The Group is not subject to any specific regulations that could have
a major impact on its operations.
In addition, as Accor operates on a global scale, no specific
regulations are applicable across all of its businesses. Accor SA and
its subsidiaries are subject to local legislation and regulations, in
particular national regulations applicable to public access buildings.
Like all hotel operators, Accor is required to comply with the
applicable disabled access regulations. This issue has long been
addressed and most Accor hotels already have wheelchair-friendly
rooms, but further expenditure may be required in the coming years
to enhance hotel accessibility.
Risks relating to changes in tax legislation
In response to the difficult economic environment, some governments
may be tempted to introduce new taxes or increase existing ones
carbon tax, VAT etc.). Changes in tax legislation are regularly
monitored by our teams, who work with trade associations to
effectively foresee these decisions and assess their impact.
Risks relating to legal and arbitration
In general, the Group is exposed to the risk of liability in proceedings
that may be brought against it before the courts or administrative
Information concerning claims, litigation and arbitration proceedings
that could have – or in 2014 had – a material effect on the Group’s
financial position, business or results of operations is provided in
note 40 to the consolidated financial statements on page 259 of
this Registration Document. Management considers that apart from
the cases described in said note, there are no governmental, legal
or arbitration proceedings (including any threatened proceedings
of which the Group was aware as of the date of filing) that could
have – or in 2014 had – a material effect on the Group’s financial
position, business or results of operations.
Liabilities are recognized and provided for in accordance with the
applicable accounting standards (see note 2 to the consolidated
financial statements on page 177).
If the Group receives a summons in a legal action, an assessment
of the related risk is carried out jointly with its external advisers
and based on this assessment a provision is recognized where
appropriate. Details of these provisions are presented in note 34
to the consolidated financial statements on page 242.
Registration Document 2014
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