6.10
Reporting standards and guidelines

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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 recognized standards.

  • Taxonomy Regulation. The Taxonomy regulation aims to encourage and increase the understanding of 'sustainable finance and investment'.

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GRI Content Index

GRI Standard Disclosure Number Disclosure Title Cross-reference
GRI 101: Foundation 2016
GRI 102: General Disclosures 2016
Organizational Profile 102-1 Name of the organization Accell Group
  102-2 Activities, brands, products, and services This is the Accell Group/Livable cities stories This is the Accell Group/Our brands
This is the Accell Group/Key figures 2021
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 Industrieweg 4, 8444 AR Heerenveen, the Netherlands
  102-4 Location of operations Addresses
  102-5 Ownership and legal form Financial statements/6. Notes to the consolidated financial statements
  102-6 Markets served Performance 2021/'Lead Global, Win Local' progress
  102-7 Scale of the organization This is the Accell Group/Key figures 2021
Additional disclosures/Employee and sustainability data
  102-8 Information on employees and other workers Additional disclosures/Employee and sustainability data
  102-9 Supply chain Performance 2021/'Lead Global, Win Local' progress
This is the Accell Group/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 manufacturing units. 93% of the bicycles sold are finished at our manufacturing units.
  102-10 Significant changes to the organization and its supply chain There were no significant changes to Accell Group and its supply chain except those minor changes mentioned under the heading "Fit to Compete" in Chapter Performance 2021/'Lead Global, Win Local' progress and the appointment of the new Chief Supply Chain Officer
  102-11 Precautionary Principle or approach Performance 2021/Environmental and social performance
  102-12 External initiatives Performance 2021/Environmental and social performance
Additional disclosures/Networks and stakeholder engagement
Additional disclosures/Reporting standards and guidelines
  102-13 Membership of associations Additional disclosures/Networks and stakeholder engagement
Strategy 102-14 Statement from senior decision-maker Message from the CEO
Ethics and Integrity 102-16 Values, principles, standards, and norms of behaviour Our purpose
Performance 2021/Environmental and social performance (Code of Conduct)
Performance 2021/Environmental and social performance/Supply chain responsibility
Governance 102-18 Governance structure Performance 2021/Governance and Compliance/Corporate governance
Stakeholder Engagement 102-40 List of stakeholder groups Additional disclosures/Networks and stakeholder engagement
  102-41 Collective bargaining agreements Additional disclosures/Employee and sustainability data
  102-42 Identifying and selecting stakeholders Additional disclosures/Networks and stakeholder engagement
  102-43 Approach to stakeholder engagement Performance 2021/Environmental and social performance/Care for the environment
Additional disclosures/Networks and stakeholder engagement
  102-44 Key topics and concerns raised Additional disclosures/Material topics
Additional disclosures/Networks and stakeholder engagement
Reporting Practice 102-45 Entities included in the consolidated financial statements Financial Statements/19. Notes to the company financial statements
  102-46 Defining report content and topic boundaries Additional disclosures/Material topics
  102-47 List of material topics Additional disclosures/Material topics
  102-48 Restatements of information Additional disclosures/Scope of the reporting
  102-49 Changes in reporting Additional disclosures/Scope of the reporting
(There were no significant changes from previous reporting periods)
  102-50 Reporting period Additional disclosures/Employee and sustainability data
Additional disclosures/Scope of the reporting
Reporting Practice 102-51 Date of most recent report March 2021
  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 Additional disclosures/GRI Content Index
  102-56 External assurance Additional disclosures/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
Performance 2021/Environmental and social performance/Greenhouse gas emissions
Boundary: Internal: All Accell Group companies and staff
GRI 302: Energy 2016 302-1 Energy consumption within the organization Additional disclosures/Employee and sustainability data/Energy and carbon footprint
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
Performance 2021/Environmental and social performance/Greenhouse gas emissions
Boundary: Internal: All Accell Group companies and staff / External: Consumer
GRI 305: Emissions 2016 305-1 Direct (Scope 1) GHG emissions Additional disclosures/Employee and sustainability data/Energy and carbon footprint
  305-2 Energy indirect (Scope 2) GHG emissions Additional disclosures/Employee and sustainability data/Energy and carbon footprint
  305-3 Other indirect (Scope 3) GHG emissions Additional disclosures/Employee and sustainability data/Energy and carbon footprint
Waste & Accell-Specific Topic: Sustainable Production
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
Performance 2021/Environmental and social performance/Waste and raw materials Boundary: Internal: All Accell Group companies and staff / External: Suppliers
GRI 306: Waste 2020 306-1 Waste generation and significant waste-related impacts Performance 2021/Environmental and social performance/Waste and raw materials
Performance 2021/Environmental and social performance/Supply chain responsibility
Performance 2021/Environmental and social performance/Product design for the future
  306-2 Management of significant waste-related impacts Performance 2021/Environmental and social performance/Waste and raw materials
Performance 2021/Environmental and social performance/Supply chain responsibility
Performance 2021/Environmental and social performance/Product design for the future
  306-3 Waste generated Additional disclosures/Employee and sustainability data/Waste
  306-4 Waste diverted from disposal Additional disclosures/Employee and sustainability data/Waste
  306-5 Waste directed to disposal Additional disclosures/Employee and sustainability data/Waste

GRI Standard Disclosure Number Disclosure Title Cross-reference
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
Performance 2021/Environmental and social performance/Engaged employees
Additional disclosures/Employee and sustainability data/Absenteeism and safety performance
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 Performance 2021/Environmental and social performance/Engaged employees
Additional disclosures/Employee and sustainability data/Absenteeism and safety performance
Boundary: Internal: All Accell Group
GRI 403: Occupational Health and Safety 2018 403-9 Work-related injuries Additional disclosures/Employee and sustainability data/Absenteeism and safety performance*
Diversity and Equal Opportunity
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
Performance 2021/Environmental and social performance/Diversity and inclusion
Additional disclosures/Employee and sustainability data/Employment
Boundary: Internal: All Accell Group companies and staff
GRI 405: Diversity & Inclusion 2016 405-1 Diversity of governance bodies and employees  
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
Performance 2021/Environmental and social performance/Engaged Employees
Additional disclosures/Employee and sustainability data/Training
Boundary: Internal: All Accell Group companies and staff
GRI 404: Training and Education 2016 404-1 Average hours of training per year per employee Additional disclosures/Employee and sustainability data/Training **
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 Performance 2021/Environmental and social performance/Engaged employees
Boundary: Internal: All Accell Group companies and staff
  N.A. Employee engagement survey results  
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 Performance 2021/Environmental and social performance/Product design for the future
Boundary: Internal: All Accell Group companies and staff / External: Consumers, Community
  N.A. Amount (EUR) in sponsoring Performance 2021/Environmental and social performance/Care for Society
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 Performance 2021/'Lead Global, Win Local' progress
Boundary: Internal: All Accell Group companies and staff / External: Consumers, Community
  N.A. Number of prizes and awards This is the Accell Group/Value Creation Model
  N.A. Number of patents and model protections This is the Accell Group/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 Performance 2021/Environmental and social performance/Supply chain responsibility
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 Performance 2021/Environmental and social performance/Supply chain responsibility
 
* In our 2022 report, we will report on additional indicators listed in the 2018 version of the GRI Standards on OHS.
** In 2021, as opposed to previous year, it was not possible to collect data by employee category or by gender. In our next report we will disclose this breakdown again.

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
Environmental matters
Energy use (302-1) Carbon footprint reduction Performance 2021/Environmental and social performance/Greenhouse gas emissions
Additional disclosures/Employee and sustainability data/Energy and carbon footprint
Greenhouse gas emissions (305-1, 305-2, 305-3) Carbon footprint reduction Performance 2021/Environmental and social performance/Greenhouse gas emissions
Additional disclosures/Employee and sustainability data/Energy and carbon footprint
Waste generated (306-3),
Waste diverted from disposal (306-4),
Waste directed to disposal (306-5)
Sustainable production Performance 2021/Environmental and social performance/Waste and raw materials
Performance 2021/Environmental and social performance/Supply chain responsibility
Performance 2021/Environmental and social performance/Product design for the future
Additional disclosures/Employee and sustainability data/Waste
Social & Employee matters
Diversity & inclusion (405-1) (including Board Diversity) Diversity Performance 2021/Environmental and social performance/Diversity and inclusion
Additional disclosures/Employee and sustainability data/Employment
Occupational health & safety 2016 (403-2)
Occupational health & safety 2020 (403-9)
Health and safety Performance 2021/Environmental and social performance/Engaged employees
Additional disclosures/Employee and sustainability data/Absenteeism and safety performance
Employee training (404-1) Job satisfaction and well-being Performance 2021/Environmental and social performance/Engaged Employees
Additional disclosures/Employee and sustainability data/Training
Employee engagement Job satisfaction and well-being Performance 2021/Environmental and social performance/Engaged Employees
Respect for Human rights and Supply chain
Code of conduct for suppliers (102-16) Supply chain Performance 2021/Environmental and social performance/Supply chain responsibility
Assessment of suppliers in terms of employment practices, human rights and environmental impact Supply chain Performance 2021/Environmental and social performance/Supply chain responsibility
Anti-corruption and bribery matters
Code of conduct for employees and for suppliers Corporate governance Performance 2021/Governance and Compliance/Corporate governance
Performance 2021/Environmental and social performance (Code of Conduct)
  Supply chain Performance 2021/Environmental and social performance/Supply chain responsibility