371 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information Assurance Report of the Independent German Public Auditor Our responsibilities under ISAE 3000 (Revised) are further de- scribed in the "German Public Auditor's Responsibilities for the Assurance Engagement on the Group Sustainability Report" sec- tion. We are independent of the Company in accordance with the re- quirements of European law and German commercial and pro- fessional law, and we have fulfilled our other German profes- sional responsibilities in accordance with these requirements. Our audit firm has complied with the quality management system requirements of the IDW Standard on Quality Management: Re- quirements for Quality Management in the Audit Firm (IDW QMS 1 (09.2022)) issued by the Institut der Wirtschaftsprüfer (Insti- tute of Public Auditors in Germany; IDW). We believe that the ev- idence we have obtained is sufficient and appropriate to provide a basis for our assurance conclusions. Responsibility of the Executive Directors and the Supervisory Board for the Group Sustainability Report The executive directors are responsible for the preparation of the Group Sustainability Report in accordance with the requirements of the CSRD and the relevant German legal and other European regulations as well as with the supplementary criteria presented by the executive directors of the Company. They are also respon- sible for the design, implementation and maintenance of such in- ternal controls that they have considered necessary to enable the preparation of a Group Sustainability Report in accordance with these regulations that is free from material misstatement, whether due to fraud (i.e., manipulation of the Group Sustaina- bility Report) or error. This responsibility of the executive directors includes establish- ing and maintaining the materiality assessment process, select- ing and applying appropriate reporting policies for preparing the Group Sustainability Report, as well as making assumptions and estimates and ascertaining forward-looking information for indi- vidual sustainability-related disclosures. The supervisory board is responsible for overseeing the process for the preparation of the Group Sustainability Report. Inherent Limitations in the Preparation of the Group Sustainability Report The CSRD and the relevant German statutory and other Euro- pean regulations contain wording and terms that are still subject to considerable interpretation uncertainties and for which no au- thoritative, comprehensive interpretations have yet been pub- lished. Therefore, the executive directors have disclosed their in- terpretations of such wording and terms in section “Materiality Assessment” of the Non-Financial Group Reporting. The execu- tive directors are responsible for the defensibility of these inter- pretations. As such wording and terms may be interpreted differ- ently by regulators or courts, the legal conformity of measure- ments or evaluations of sustainability matters based on these in- terpretations is uncertain. These inherent limitations also affect the assurance engagement on the Group Sustainability Report. German Public Auditor's Responsibilities for the Assurance Engagement on the Group Sustainability Report Our objectives are a) to express a limited assurance conclusion, based on the as- surance engagement we have conducted, on whether any matters have come to our attention that cause us to believe that the Group Sustainability Report, taking into account the Disclosures in the Group Sustainability Report marked with the footnote “Assurance Level: reasonable assurance” and subject to a reasonable assurance engagement, has not been prepared, in all material respects, in accordance with the CSRD and the relevant German legal and other Euro- pean regulations as well as with the supplementary criteria presented by the executive directors of the Company, and to issue an assurance report that includes our assurance con- clusion on the Group Sustainability Report, taking into ac- count the Disclosures in the Group Sustainability Report marked with the footnote “Assurance Level: reasonable as- surance” and subject to a reasonable assurance engage- ment. b) to express a reasonable assurance opinion, based on the assurance engagement we have conducted on whether the Disclosures marked with the footnote “Assurance Level: reasonable assurance” in the Group Sustainability Report are prepared, in all material respects, in accordance with the requirements applicable to these disclosures and the sup- plementary criteria presented by the executive directors of the Company. As part of a limited assurance engagement in accordance with ISAE 3000 (Revised), we exercise professional judgment and maintain professional skepticism. We also: a) for the limited assurance engagement — obtain an understanding of the process to prepare the Group Sustainability Report, including the materiality as- sessment process carried out by the Company to identify the information to be included in the Group Sustainability Re- port. — identify disclosures where a material misstatement due to fraud or error is likely to arise, design and perform proce- dures to address these disclosures and obtain limited assur- ance to support the assurance conclusion. The risk of not detecting a material misstatement resulting from fraud is higher than the risk of not detecting a material misstatement resulting from error, as fraud may involve collusion, forgery, intentional omissions, misleading representations, or the override of internal controls. In addition, the risk of not de- tecting a material misstatement within value chain infor- mation from sources not under the control of the company (value chain information) is generally higher than the risk of not detecting a material misstatement of value chain infor- mation from sources under the control of the company, as both the executive directors of the Company and we, as as- surance practitioners, are ordinarily subject to limitations on direct access to the sources of value chain information. — consider the forward-looking information, including the ap- propriateness of the underlying assumptions. There is a substantial unavoidable risk that future events will differ ma- terially from the forward-looking information.