372 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 b) for the reasonable assurance engagement — perform risk assessment procedures, including obtaining an understanding of the internal controls that are relevant to the assurance engagement on the Disclosures marked with the footnote “Assurance Level: reasonable assurance” in the Group Sustainability Statement in order to identify and assess the risks of material misstatement at the assertion level due to fraud or error, but not for the purpose of express- ing an assurance opinion on the effectiveness of these inter- nal controls of the Company. The risk of not detecting a ma- terial 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, misrepresentations, or override of internal con- trol. In addition, the risk of not detecting a material misstate- ment in information obtained from sources in the value chain not within the entity’s control (value chain information) is or- dinarily higher than the risk of not detecting a material mis- statement in information obtained from sources within the entity’s control, as both the entity’s executive directors and we as practitioners are ordinarily subject to restrictions on direct access to the sources of the value chain information. — evaluate the appropriate derivation of the forward-looking information from the significant assumptions and the appro- priateness of these assumptions. We do not express a sep- arate assurance opinion either on the forward-looking infor- mation nor on the assumptions on which they are based. There is a substantial unavoidable risk that future events will differ materially from the forward-looking information. Summary of the Procedures Performed by the German Public Auditor An assurance engagement involves the performance of proce- dures to obtain evidence about the sustainability information. The nature, timing and extent of the selected procedures are subject to our professional judgement. a) In conducting our limited assurance engagement, we have, amongst other things: — evaluated the suitability of the criteria as a whole presented by the executive directors in the Group Sustainability Report. — inquired of the executive directors and relevant employees involved in the preparation of the Group Sustainability Re- port about the preparation process, including the materiality assessment process carried out by the company to identify the information to be included in the Group Sustainability Report, and about the internal controls relating to this pro- cess. — evaluated the reporting policies used by the executive direc- tors to prepare the Group Sustainability Report. — evaluated the reasonableness of the estimates and the re- lated disclosures provided by the executive directors. If, in accordance with the ESRS, the executive directors estimate the value chain information to be reported for a case in which the executive directors are unable to obtain the infor- mation from the value chain despite making reasonable ef- forts, our assurance engagement is limited to evaluating whether the executive directors have undertaken these esti- mates in accordance with the ESRS and assessing the rea- sonableness of these estimates, but does not include iden- tifying information in the value chain that the executive di- rectors have been unable to obtain. — performed analytical procedures and made inquiries in rela- tion to selected information in the Group Sustainability Re- port. — considered the presentation of the information in the Group Sustainability Report. — considered the process for identifying taxonomy-eligible and taxonomy-aligned economic activities and the corre- sponding disclosures in the Group Sustainability Report. b) In conducting our reasonable assurance engagement, we have performed the assurance procedures listed under a) to a greater extent and, amongst other things: — evaluated the preparation process and the internal controls relating to this process. — tested the operating effectiveness of selected internal con- trols. — performed test of details on selected disclosures in the Group Sustainability Report on a sample basis. Restriction of Use We draw attention to the fact that the assurance engagement was conducted for the Company’s purposes and that the report is intended solely to inform the Company about the result of the assurance engagement. Accordingly, the report is not intended to be used by third parties for making (financial) decisions based on it. Our responsibility is solely towards the Company. We do not accept any responsibility, duty of care or liability towards third parties. Munich, 12 March 2025 PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft Ralf Räpple Michael Popp Wirtschaftsprüfer Wirtschaftsprüfer (German Public Auditor) (German Public Auditor)