6 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 The Non-Financial Statement (NFS), in the form of the Sustain- abilityStatement, will be prepared for the first time based on the following regulations: — Delegated Regulation on the European Sustainability Reporting Standards (ESRS) SASB Standards according to the Sustainable Accounting Standards Board ↗ SASB Index. Further information on the appli- cation of the ESRS in the NFS can be found in the ↗ Principles and General Disclosures. The Combined Management Report is also based on: — Guidelines on Alternative Performance Measures issued by the European Securities and Markets Authority (ESMA) — German Corporate Governance Code (GCGC) BMW AG Group Financial Statements The Group Financial Statements of Bayerische Motoren Werke Aktiengesellschaft for the year ended 31 December 2024 have been prepared in accordance with the International Financial Re- porting Standards (IFRS) as endorsed by the European Union (EU) and the supplementary requirements of § 315 g HGB. ADDITIONAL INFORMATION ON THE REPORT Publication and scope The BMW Group Report is published annually to coincide with the BMW Group Annual Conference and is subsequently avail- able in both German and English on the BMW Group website. The reporting period covers the financial year from 1 January to 31 December 2024. The statements made in the report gener- ally relate to the BMW Group reporting entity. Any deviations are marked accordingly. The BMW Group Report 2025 will be pub- lished in March 2026. External audit The report, comprising the Combined Management Report and the Group Financial Statements, has been subject to an annual independent audit by PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Frankfurt am Main, Munich branch (“PwC” or “Auditor”). Unaudited sections are marked ac- cordingly. The external audit serves to underpin the reliability and trustworthiness of the information contained therein for the pub- lic. The external audit supports the Supervisory Board of BMW AG in fulfilling its auditing duties. Any links and disclosures that refer to information outside the BMW Group Report are not part of the audit. The ↗ Remuneration Report 2024 was prepared in ac- cordance with the requirements of § 162 of the German Stock Corporation Act (AktG) and its content audited by PwC. PwC has audited the Group Financial Statements and the Com- bined Management Report for the reporting year 2024 and is- sued an unqualified audit opinion thereupon. Further information is provided in the ↗ Independent Auditor’s Report and the ↗ Assurance Report of the Independent German Public Auditor on Non-financial Disclo- sures. The general content of the Combined Management Report and certain individual parts of the NFS were subjected to a reason- able assurance engagement. The contents of the Sustainabil- ityStatement, in accordance with §§ 289 b et seq. and 315 b et seq. HGB, were subjected to an audit to obtain limited assurance. Sustainable Development Goals With its business operations, the BMW Group is in a position to contribute directly to the achievement of Sustainable Develop- ment Goals (SDGs). Information about the importance of these goals for the BMW Group is provided on our ↗ website. Forward-looking statements This report contains various forward-looking statements con- cerning future developments that are based on the current status of the BMW Group’s assumptions and forecasts. These state- ments are therefore subject to a variety of predictable and unpre- dictable risks, uncertainties and other factors, which means that the actual outcome, including that of the BMW Group’s net as- sets, financial position and results of operations, its development or performance, could differ considerably from those statements.