5 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information About This Report REPORTING CONCEPT Reporting and corporate strategy The BMW Group regards its balance of economic, ecological and social interests as the basis for its commercial success. This re- port is intended to provide qualified insight into the BMW Group and explain our activities in a transparent, comprehensible and measurable manner. We are keen to demonstrate to our stake- holders how economic, ecological and social issues affect what we do, and to identify the general external conditions that influ- ence the Company. For these reasons, we explain ↗ The BMW Group Strategy as well as the latest developments and the way in which the business is managed on the basis of key financial and non-financial indicators and targets. ↗ Dashboard Starting this re- porting year, the Sustainability Statement – a separate section of the Combined Management Report – also provides detailed in- sight into the key sustainability topics facing the Group. On 11 March 202511 March 2025, the Financial Statements of BMW AG were authorised for issue by the Board of Management and the Group Financial Statements approved for publication. The BMW Group Report (hereinafter also “the Report”) combines the management reports of Bayerische Motoren Werke Aktieng- esellschaft (BMW AG) and the BMW Group in a Combined Man- agement Report. The report is divided into the following sections: 1 – To Our Stakeholders 2 – Combined Management Report 3 – Group Financial Statements 4 – Responsibility Statement and Auditor’s Report 5 – Remuneration Report 6 – Other Information FRAMEWORKS APPLIED The BMW Group Report is based on the following reporting and accounting standards. Combined Management Report The Combined Management Report is based on the following le- gal frameworks: — German Commercial Code (HGB) (among other relevant legislation) — Content of the Management Report in accordance with §§ 289 and 315 HGB — Combined Non-Financial Statement (NFS) at Group and Company level in accordance with §§ 289 b and 315 b HGB (↗ Sustainability Statement) — German Accounting Standards (GAS 20) underpinning HGB requirements — German Stock Corporation Act (AktG) — Taxonomy Regulation (Regulation (EU) 2020 /852 of the European Council and of the European Parliament on the Establishment of a Framework to Facilitate Sustainable Investment, and amending Regulation (EU) 2019 /2088) and its delegated acts (↗ EU Taxonomy) ABOUT THIS REPORT