148 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 Explanatory comments on reporting procedures An economic activity is to be seen as Taxonomy-eligible if it is described in the Delegated Acts relating to one of the six envi- ronmental objectives, regardless of whether that economic activ- ity meets the technical screening criteria stipulated in those Del- egated Acts. Following an analysis, the BMW Group’s business activities can be summarised under the following economic ac- tivities*: Overview of economic activities Economic activities Code(s) Description Environmental objectives Reporting 2024 Comments Manufacture of low carbon technol- ogies for transport CCM 3.3, CCA 3.3 The production of automobiles and motorcycles, excluding - the sale of parts and components, such as after-sales business excluding the provi- sion of repair services, - the supply of components for production to third parties I „Climate change mitigation“ II „Climate change adaptation“ Taxonomy alignment Contribution to Environmental objec- tives II is subsumed under Environ- mental objective I Transport by motorbikes, passen- ger cars and light commercial vehi- cles CCM 6.5, CCA 6.5 The acquisition, financing, lease and operation of automobiles and motorcycles, ex- cluding banking and insurance services performed by our non-automotive Financial Services segment I „Climate change mitigation“ II „Climate change adaptation“ Taxonomy alignment Contribution to Environmental objec- tives II is subsumed under Environ- mental objective I Sale of second-hand goods CE 5.4 Sale of used third-party brand cars purchased by the BMW Group from external par- ties and resold to external third parties at the end of the lease agreement IV „Transition to a circular economy“ Taxonomy alignment In contrast to the previous year, economic activity CE 5.4 only includes the sale of used third-party brand automobiles that are purchased by the BMW Group from third parties and resold to external third parties at the end of the lease agreement. The sale of lease returns from BMW Group brands, on the other hand, is reported under CCM 6.5. While all lease and financing activities are still reported under CCM 6.5 in their entirety, this change draws a clear distinction between the remarketing of BMW Group brand vehicles on the one hand (CCM 6.5) and the sale or trade of second-hand automobiles on the other (CE 5.4). Explanatory comments on reporting procedures * The additional economic activities specified in Delegated Regulation (EU) 2022/1214 of 9 March 2022 (in particular with regard to nuclear energy and gaseous fossil fuels) are not relevant to the BMW Group. Economic activities are described in one of the Delegated Acts Substantial contribution to at least one of the environmental objectives Taxonomy eligibility Substantial Contribution Do No Significant Harm (DNSH) Economic activity is Taxonomy-aligned + + + = Minimum Safeguards Economic activity does not cause significant harm to other environmental objectives Company establishes minimum safeguard procedures for human rights, bribery and corruption, taxation and fair competition