Chapters
Annual Report 2018

About this report

The aim of this combined annual report is to inform our stakeholders about our financial and non-financial developments during the calendar year 2018. It also presents our performance progress in relation to material topics - the boundaries and scope of which were determined in conjunction with our stakeholders.

The process for defining materiality, the content of this combined annual report and a full list of material topics are described in the materiality determination.

Scope of CSR information

The purpose of this combined annual report is to inform our stakeholders of our impact on society, in connection with our main strategic objectives and targets.

The scope of the report is determined based on the identified material topics.

The materiality matrix shows the topics’ importance to stakeholders and their importance to GrandVision. Topics that are most important to our stakeholders and form our business perspective are included in this report. The report covers the 2018 fiscal year, which ran from 1 January 2018 to 31 December 2018.

The scope of our CSR performance includes all entities for which GrandVision holds management responsibility. Unless stated otherwise, the scope of our CSR data encompasses all GrandVision’s activities. This also means subcontractors are not included, unless stated otherwise. Our CSR reporting includes new acquisitions as of the first full year of ownership. Divestments that occurred during the reporting year are excluded for the full year.

Reporting criteria non-financial information

This combined Annual Report was published on 8 March 2019.

GrandVision reports on CSR in accordance with the GRI Standards ‘Core’ version of the Global Reporting Initiative (GRI). Worldwide, these are the most commonly applied reporting guidelines. GRI is based on the principle of materiality and requires organizations to disclose their management approach to their most material topics. For further details about these guidelines, please refer to the GRI Content Index in this report. General information about GRI can be obtained from: www.globalreporting.org.

The option Core of the GRI Standards means that GrandVision reports on all general standard disclosures and a minimum of one specific standard disclosure relates to identified material topics. The process for defining material topics, is described in the Materiality determination and Stakeholder communication sections.

The results of this assessment (list of material topics for GrandVision, including their reporting priority) determine which GRI indicators are set out in the combined report. The overview can be found in the GRI Content Index in Other information: GRI Content Index, p. 209. The GRI content Index specifies the aspect boundaries and omitted indicators where relevant (including clarifications).

Apart from GRI, a voluntary guideline, GrandVision is legally required to report on specific topics related to non-financial and diversity information. This is part of the EU Directive Non-Financial Reporting, which we comply with.

No assurance on non-financial data is given in 2018. The ambition is to publish our first Integrated Annual Report on 2020 in 2021.