COMBINED MANAGEMENT REPORT 02 38 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information 39 Overview of the BMW Group 39 Organisation and Business Model 40 Segments 40 Locations 43 The BMW Group Strategy 54 Innovation and Product Technology 60 Production Network 63 Purchasing and Supplier Network 66 Financial Performance 66 Overall Assessment by Management of the Financial Year 67 General and Sector-specific Environment 69 Comparison of Forecasts with Actual Outcomes 70 Financial Position 79 Course of Business and Segments 87 Comments on the Financial Statements of BMW AG 91 Sustainability Statement 91 Foreword to the Sustainabilty Statement 93 Sustainability Statement ESRS 94 Principles and general Disclosures 116 Environmental Information 160 Social Information 188 Governance Information 195 Other ESG-Information 246 Internal Control System, Risks and Opportunities, Compliance 246 Appropriateness and Effectiveness of the Internal Control System and Risk Management System 247 Internal Control System 248 Risks and Opportunities 257 Compliance 260 Outlook 264 Disclosures relevant for Takeovers and Explanatory Comments