137 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 COMMITMENT TO PROTECTING BIODIVERSITY Material impacts, risks and opportunities Type Stage of the value chain Policies Targets Specific actions Usage of primary raw materials impacts nature and biodiversity in extraction areas (e. g. mining). Negative Impact − Biodiversity Policy − Multistage due diligence process to uphold environmental and social standards in the supply chain (in- cluding the BMW Group Supplier Code of Conduct) ↗ Social and Environmental Re- sponsibility in the Supplier Network ↗ Due Diligence in the supplier net- work − Process for responsible raw mate- rial management ↗ Responsible raw material man- agement − No targets that focus exclusively and thematically on material im- pacts, risks and opportunities − Commitment to deforestation-free procurement − Commitment to initiatives − Implementation of local projects − Multistage due diligence process to uphold environmental and social standards in the supply chain ↗ Social and Environmental Re- sponsibility in the Supplier Network ↗ Due Diligence in the supplier net- work − Process for responsible raw mate- rial management ↗ Responsible raw material man- agement Contribution to biodiversity loss through the direct exploitation and use of invasive resource extraction meth- ods in the supply chain (clearing, building infrastructure around (deep sea) mining and producing sites). Negative Impact Risk of supply chain shortages and delays in the BMW Group's supply chain in connection with direct impact drivers of biodiversity loss, specifically direct exploitation. Risk Risk and financial effect due to reputational damage to BMW Group's brand value with respect to controver- sies in connection with direct impact drivers of biodiversity loss, specifically direct exploitation. Risk Opportunities and financial benefits from increasing the supply chain resilience with respect to direct impact drivers of biodiversity loss, specifically direct exploitation, including independence from volatile markets or prevention of potentially supply-disrupting events. Opportunity Upstream material Own Operations material Downstream material