5.8
Reporting standards and guidelines

The following standards, policies and guidelines have been applied in full or in part in this annual report.

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  • Integrated Reporting Framework. Accell Group applies several fundamental concepts, guidelines and content elements of the Integrated Reporting framework of the International Integrated Reporting Council (IIRC) in its reporting.
     
  • International Financial Reporting Standards (IFRS). Accell Group’s financial reporting is based on International Financial Reporting Standards. All Accell Group companies and Accell Group itself comply with these standards.
     
  • Global Reporting Initiative (GRI). The Global Reporting Initiative  is the international standard in the field of sustainability reporting. This report has been prepared in accordance with the GRI Standards – Core option.

 

  • Dutch Corporate Governance Code. Compliance with the Dutch Corporate Governance Code is described in the section Compliance with the Code of this report. We report on this subject on the basis of the ‘comply or explain’ principle.
     
  • Non-Financial Reporting Directive. As of the 2017 reporting year, there are tightened legal requirements for transparency regarding non-financial data in the annual reports of large public interest entities. We report on this on the basis of the ‘comply or explain’ principle.
     
  • OECD guidelines for Multinational Enterprises. Recommendations addressed by governments providing non-binding principles and standards for responsible business conduct in a global context consistent with applicable laws and internationally recognised standards.

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GRI Content Index

GRI Standard Disclosure Number Disclosure Title Cross-reference
GRI 101: Foundation 2016
GRI 102: General Disclosures 2016
Organisational Profile 102-1 Name of the organisation Accell Group
  102-2 Activities, brands, products, and services 1.1 Profile
1.2 Our premium brands
Accell Group with its group of companies is internationally active in the design, development, production, marketing and sales of innovative and high-quality bicycles, bicycle parts and accessories.
  102-3 Location of headquarters 6.7 Location and addresses
  102-4 Location of operations 6.7 Location and addresses
  102-5 Ownership and legal form 4.6 Notes to the consolidated financial statements
  102-6 Markets served 1.2 Our premium brands
2.5 'Lead Global, Win Local' progress
  102-7 Scale of the organisation 1.3 2020 Facts and Figures
  102-8 Information on employees and other workers 6.4 Employee and sustainability data
  102-9 Supply chain 2.5 'Lead Global, Win Local' progress(Fit to Compete)
1.7 Value Creation Model
Accell Group is sourcing materials from professional high-quality suppliers in Europe, Asia and Turkey. Our own production is focused on assembly and spray painting. We have a number of large-scale production hubs complemented by smaller local production facilities. 96% of the bicycles sold are finished at our production plants. The remaining 4% are purchased as ready-made products.
  102-10 Significant changes to the organisation and its supply chain There were no significant changes to Accell Group and its supply chain except those minor changes mentioned under the title "Fit to Compete" in Chapter 2.5 'Lead Global, Win Local' progress
  102-11 Precautionary Principle or approach 2.5 'Lead Global, Win Local' progress
2.7. Governance and Compliance (Product Liability)
  102-12 External initiatives 2.6 Moving forward responsibly
6.3 Networks and stakeholder engagement
6.6. Reporing Standards and Guidelines
  102-13 Membership of associations 6.3 Networks and stakeholder engagement
Strategy 102-14 Statement from senior decision-maker 1.4 Message from the CEO
Ethics and Integrity 102-16 Values, principles, standards, and norms of behaviour 1.5 Our purpose and mission
2.6.5 Moving the world forward, together
Governance 102-18 Governance structure 2.7.3 Corporate governance
Stakeholder Engagement 102-40 List of stakeholder groups 6.3 Networks and stakeholder engagement
  102-41 Collective bargaining agreements 6.4 Employee and sustainability data
  102-42 Identifying and selecting stakeholders 6.3 Networks and stakeholder engagement
  102-43 Approach to stakeholder engagement 6.3 Networks and stakeholder engagement
  102-44 Key topics and concerns raised 6.2 Material topics
Reporting Practice 102-45 Entities included in the consolidated financial statements 4.20 Notes to the company financial statements
  102-46 Defining report content and topic boundaries 6.2 Material topics
  102-47 List of material topics 6.2 Material topics
  102-48 Restatements of information 6.5 Scope of the reporting
  102-49 Changes in reporting 6.5 Scope of the reporting (There were no ignificant changes from previous reporting periods)
  102-50 Reporting period 6.5 Scope of the reporting
Reporting Practice 102-51 Date of most recent report March 2020
  102-52 Reporting cycle Annual
  102-53 Contact point for questions regarding the report Colophon
  102-54 Claims of reporting in accordance with the GRI Standards This report has been prepared in accordance with the GRI Standards: Core option.
  102-55 GRI content index 6.6 Reporting standards and guidelines
  102-56 External assurance 6.5 Scope of the reporting
GRI Standard Disclosure Number Disclosure Title Cross-reference
Material Topics
Environmental Topics
Energy
GRI 103: Management Approach 2016 103-1
103-2
103-3
Explanation of the material topic and its Boundary The management approach and its components Evaluation of the management approach 2.6.3 Reducing our carbon footprint
Boundary: Internal: All Accell Group companies and staff
GRI 302: Energy 2016 302-1 Energy consumption within the organisation 6.4 Employee and sustainability data
Emissions
GRI 103: Management Approach 2016 103-1
103-2
103-3
Explanation of the material topic and its Boundary The management approach and its components Evaluation of the management approach 2.6.3 Reducing our carbon footprint
Boundary: Internal: All Accell Group companies and staff / External: Consumer
GRI 305: Emissions 2016 305-1 Direct (Scope 1) GHG emissions 6.4 Employee and sustainability data
  305-2 Energy indirect (Scope 2) GHG emissions 6.4 Employee and sustainability data
  305-3 Other indirect (Scope 3) GHG emissions 6.4 Employee and sustainability data
Effluents and Waste
GRI 103: Management Approach 2016 103-1
103-2
103-3
Explanation of the material topic and its Boundary The management approach and its components Evaluation of the management approach 2.7 Moving forward responsibly
Boundary: Internal: All Accell Group companies and staff / External: Suppliers
GRI 306: Effluents and Waste 2016 306-2 Waste by type and disposal method 6.4 Employee and sustainability data
Social Topics
Occupational Health & Safety
GRI 103: Management Approach 2016 103-1
103-2
103-3
Explanation of the material topic and its Boundary The management approach and its components Evaluation of the management approach 2.6.5 Moving the world forward, together
6.4 Employee and sustainability data
Boundary: Internal: All Accell Group companies and staff / External: Suppliers
GRI 403: Occupational Health and Safety 2016 403-2 Types of injury and rates of injury, occupational diseases, lost days, absenteeism and number of work-related fatalities 2.6.5 Moving the world forward, together
6.4 Employee and sustainability data
Training and Education
GRI 103: Management Approach 2016 103-1
103-2
103-3
Explanation of the material topic and its Boundary The management approach and its components Evaluation of the management approach 2.6.5 Moving the world forward, together
6.4 Employee and sustainability data
Boundary: Internal: All Accell Group companies and staff
GRI 404: Training and Education 2016 404-1 Average hours of training per year per employee 6.4 Employee and sustainability data
GRI Standard Disclosure Number Disclosure Title Cross-reference
Social Topics
Diversity & Inclusion
GRI 103: Management Approach 2016 103-1
103-2
103-3
Explanation of the material topic and its Boundary The management approach and its components Evaluation of the management approach 2.6.5 Moving the world forward, together
6.4 Employee and sustainability data
Boundary: Internal: All Accell Group companies and staff
GRI 405: Diversity & Inclusion 2016 405-1 Diversity of governance bodies and employees 2.6.5 Moving the world forward, together
3.2 Supervisory Board Report
6.4 Employee and sustainability data
Accell-Specific Topic: Job satisfaction and well-being
GRI 103: Management Approach 2016 N.A. Explanation of the material topic and its Boundary The management approach and its components Evaluation of the management approach 2.6.5 Moving the world forward, together
Boundary: Internal: All Accell Group companies and staff
    Employee engagement survey results 2.6.5 Moving the world forward, together
Accell-Specific Topic: Healthy, safe & green mobility
GRI 103: Management Approach 2016 N.A. Explanation of the material topic and its Boundary The management approach and its components Evaluation of the management approach 2.6.2 Promoting bicycle use
Boundary: Internal: All Accell Group companies and staff / External: Consumers, Community
  N.A. Amount (EUR) in sponsoring 2.6.2 Promoting bicycle use
Accell-Specific Topic: Customer Satisfaction & Innovation and design
GRI 103: Management Approach 2016 N.A. Explanation of the material topic and its Boundary The management approach and its components Evaluation of the management approach 2.3 Key market trends
2.5 'Lead Global, Win Local' progress
2.6.2 Promoting bicycle use
Boundary: Internal: All Accell Group companies and staff / External: Consumers, Community
  N.A. Number of prizes and awards 1.7 Value creation model
  N.A. Number of patents and model protections 1.7 Value creation model
Accell-Specific Topic: Supply chain
GRI 103: Management Approach 2016 N.A. Explanation of the material topic and its Boundary The management approach and its components Evaluation of the management approach 2.6.5 Moving the world forward, together
Boundary: Internal: All Accell Group companies and staff / External: Suppliers, Consumers
  N.A. Assessment of suppliers in terms of employment practices, human rights and environmental impact 2.6.5 Moving the world forward, together


Note: The GRI Content Index contains the material topics identified during our materiality analysis. These include GRI Standards topics and Accell-specific topics.

Summary table EU Directive on the disclosure of non-financial Information and information on diversity

Current/foreseable impacts (GRI indicator) Material Aspect Reference to the relevant chapter
Environment
Energy use (302-1) Carbon footprint reduction 2.6.3 Reducing our carbon footprint
6.4 Employee and sustainability data
Greenhouse gas emissions (305-1, 305-2, 305-3) Carbon footprint reduction 6.4 Employee and sustainability data
Waste by type and disposal method (306-2) Sustainable production 2.7 Moving forward responsibly
6.4 Employee and sustainability data
Social & Employee
Diversity & inclusion (405-1) (including Board of Management and Supervisory Board) Diversity 2.6.5 Moving the world forward, together
4 Corporate Governance
3.2 Supervisory Board Report
6.4 Employee and sustainability data
Occupational health & safety (403-2) Health and Safety 2.6.5 Moving the world forward, together
6.4 Employee and sustainability data
Employee training (404-1) Job satisfaction and well-being 2.6.5 Moving the world forward, together
6.4 Employee and sustainability data
Employee engagement Job satisfaction and well-being 2.6.5 Moving the world forward, together
Sustainable commuting Healthy, safe and green mobility 2.6.5 Moving the world forward, together
Respect for Human Rights and Supply chain
Code of conduct for Suppliers (102-16) Supply chain 2.6.5 Moving the world forward, together
Assessment of suppliers in terms of employment practices, human rights and environmental impact Supply chain 2.6.5 Moving the world forward, together
Anti-corruption and bribery
Code of conduct for employee and for suppliers Profitability 2.6.5 Moving the world forward, together