128 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 ENERGY EFFICIENCY AND RENEWABLE ENERGY Material impacts, risks and opportunities Type Stage of the value chain Policies Targets Specific actions Globally, the network of sales partners consumes energy - and thereby uses natural resources and contrib- utes to climate change. Negative Impact − None − None − None Concluding power purchase agreements support the development of more renewable energy capacity and saving resources and emissions. Positive Impact − Energy policy − Environmental policy ↗ Holistic Environmental Manage- ment within the BMW Group − Reduction of energy consumption by 25% by 2030 − Energy efficiency measures to opti- mise production technology and building services − Replacement of old and inefficient systems with new systems that are more efficient − Development of new processes that are more efficient and more envi- ronmentally friendly − Replacement of fossil fuels with re- newable energy sources Risk of limitations in the use of certain energy sources due to regulatory restrictions, which may confine their application to specific sectors or require physical delivery. As a result of these limitations some energy sources cannot be used for emission reduction measures. Risk Globally, the network of supplier locations consumes energy - and thereby uses natural resources and con- tributes to climate change. Negative Impact − BMW Group Climate Strategy ↗ Climate change mitigation and adaptation as a key part of the corporate strategy − Reduce Scope 1, Scope 2 and Scope 3 emissions by at least 40 m tonnes CO2e by 2030 ↗ Path to achieving the CO2e reduc- tion targets in 2030 − Supply chain: use of electricity from renewable sources* and secondary materials ↗ Implemented actions and metrics for a holistic CO2e reduction New or changing worldwide government regulations on energy use could require to adjust operations in the supply chain. Risk Upstream material Own Operations material Downstream material * See ↗ Glossary for a definition of electricity from renewable sources.