176 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information Sustainability Statement Material impacts, risks and opportunities Type Stage of the value chain Policies Targets Specific actions Providing training and capacity building impact the skills and capabilities of the workers at suppliers' loca- tions. Positive impact − Multistage due diligence process to uphold environmental and social standards in the supply chain − BMW Group Supplier Code of Con- duct − No targets that focus exclusively and thematically on material im- pacts, risks and opportunities − Analysis of the effectiveness of the processes and measures imple- mented − Objectives for local projects − Training programme − Implementation of local projects Risk of supply chain shortages and delays in the BMW Group's supply chain in connection with working con- ditions, specifically working time. Risk − Multistage due diligence process to uphold environmental and social standards in the supply chain − Process for responsible raw mate- rial management − Raw materials strategy » Raw materials security and strat- egy − BMW Group Supplier Code of Con- duct − No targets that focus exclusively and thematically on material im- pacts, risks and opportunities − Overarching targets for the proce- dures used to perform due diligence in the supplier network − Analysis of the effectiveness of the processes and measures imple- mented − Objectives for local projects − Commitment to initiatives − Risk analysis − Sustainability questionnaire (online assessment) − On-site assessments of supplier lo- cations (on-site assessment) − Complaints procedure − Reduction of critical virgin raw ma- terials ↗ Circular Economy and Resource Use − Certification and traceability of raw materials supply chains − Implementation of local projects Risk and financial effect due to reputational damage to BMW Group's brand value with respect to controver- sies in connection with working conditions, specifically working time. Risk Risk of supply chain shortages and delays in the BMW Group's supply chain in connection with working con- ditions, specifically health and safety. Risk Risk and financial effect due to reputational damage to BMW Group's brand value with respect to controver- sies in connection with working conditions, specifically health and safety. Risk Risk of supply chain shortages and delays in the BMW Group's supply chain in connection with other work- related rights, specifically forced labour. Risk Risk and financial effect due to reputational damage to BMW Group's brand value with respect to controver- sies in connection with other work-related rights, specifically forced labour. Risk Risk of supply chain shortages and delays in the BMW Group's supply chain in connection with working con- ditions, specifically freedom of association, including the existence of work councils. Risk Risk and financial effect due to reputational damage to BMW Group's brand value with respect to controver- sies in connection with working conditions, specifically freedom of association, including the existence of work councils. Risk Upstream material Own Operations material Downstream material