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. |
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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 |
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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. |
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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) |
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102-12 | External initiatives |
2.6 Moving forward responsibly 6.3 Networks and stakeholder engagement 6.6. Reporing Standards and Guidelines |
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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 |