115 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 STATEMENT ON DUE DILIGENCE Core elements of Due Diligence Paragraphs in the sustainability statement a) Embedding due diligence in governance, strategy and business model ↗ Description of material impacts, risks and opportunities and their link to strategy and business model ↗ Principles of Governance by the Board of Management and Supervisory Board ↗ Renumeration of the Board of Management and Supervisory Board b) Engaging with affected stakeholders in all key steps of the due diligence ↗ Procedure and methodological basis for the materiality assessment ↗ Stakeholder Engagement ↗ Principles of Governance by the Board of Management and Supervisory Board c) Identifying and assessing adverse impacts ↗ Procedure and methodological basis for the materiality assessment ↗ Climate-related impacts ↗ Impact, risks and opportunities in relation to environmental pollution ↗ Water-related impacts, risks and opportunities ↗ Description of material impacts, risks and opportunities and their link to strategy and business model d) Taking actions to address those adverse impacts ↗ Transition plan to achieve Net-Zero emissions by 2050 ↗ Climate change mitigation and adaptation as a key part of the corporate strategy ↗ Measures for the responsible use of resources ↗ Due Diligence in the supplier network ↗ Responsible raw material management ↗ Measures to protect biodiversity ↗ Health management on a holistic basis ↗ Customer data protection e) Tracking the effectiveness of these efforts and communicating ↗ Path to achieving the CO2e reduction targets in 2030 ↗ Implemented actions and metrics for a holistic CO2e reduction ↗ Preparing for Net Zero ↗ Greenhouse gas emissions along the entire value chain ↗ Use of an internal carbon price to assess vehicle projects ↗ Reduction of Environmental Pollution ↗ Due Diligence in the supplier network ↗ Health management on a holistic basis ↗ Prevention and care ↗ Qualification ↗ Dealing with the opportunities and risks associated with digitalisation