Around the world in 24 hours: First Digital BMW Group Dialogue.

BMW:Around the world in 24 hours: First Digital BMW Group Dialogue.

Munich. On 5-6 October, BMW AG hosted the first
Digital BMW Group Dialogue with international guests from around the
globe. With stations in the Americas, Asia and Europe, the Dialogue
brought key stakeholders worldwide together for an extensive
discussion of “sustainability in the supply chain”. Dr Andreas Wendt,
member of the Board of Management of BMW AG, welcomed those watching
via livestream at the BMW Welt Future Forum.

Oliver Zipse, Chairman of the Board of Management of BMW AG,
presented the company’s targets up to 2030 on 27 July. “The best cars
in the world are sustainable. That is why premium and sustainability
will be even more inextricably linked in the future,” said Zipse,
promising to anchor sustainability in all divisions – from
administration and purchasing to development and production, all the
way to sales. The emphasis was on concrete targets like CO2 reduction
by 2030 and responsible resource management. Reducing CO2 is a top
priority – and, for the first time, the entire lifecycle, from the
supply chain through production to the end of the use phase, will be
taken into account.

As part of the Digital BMW Group Dialogue, BMW AG conducted market
research that highlighted the growing significance of sustainability
to today’s society. For example, when buying a product, an
environmentally responsible supply chain is important to very
important for around 78% of those surveyed. Almost 90% also said they
avoid buying products with problematic value chains. These values give
an indication of how important and decisive the value chain is for a
large majority of the public.

Giving his assessment of the dialogues, Dr Andreas Wendt, member of
the Board of Management of BMW AG, commented that BMW Group
stakeholders and experts had clearly sparked ideas in each other.

The Digital BMW Group Dialogue continues the tradition of BMW
Dialogues, which have been held worldwide since 2011. Previous
Dialogues provided valuable insights and explored challenges and
solutions relating to the topic of corporate responsibility. The aim
is to create a comprehensive learning process, with constant further
development of ideas that can help achieve the desired sustainable
development goals.

Voices from the Americas Dialogue

Leah Butler (Executive Director, Responsible Business Alliance, USA):
“Sustainability is about long-term positive impacts for people and
planet. So, one of the key things with sustainability is how do we
take care of future generations.”

Patrick Hudde (Vice President, Raw Material Management, BMW AG): “Our
goal is to lead in this field and to have the most sustainable supply
chain in the automotive industry worldwide.”

Voices from the Asia Pacific Dialogue

Jack Wyse (Senior Digital Sourcing + Sustainability Analyst, John
Lewis + Partners Hong Kong): “The question is where do consumer want
to spend more? And I think there is a real intrinsic link for lot of
consumers between sustainability and quality. So, if we say we are
buying a sustainable product it’s also because we want a product
that’s actually a better product.”

Voices from the Europe and Africa Dialogue

Janne Werning (Head of ESG Capital Markets, Union Investment,
Germany): “From an investor perspective, we look at the risk profile
of a company and therefore the implementation and practice of
sustainability management within the supply chain is very important.”

Claudia Becker (Senior Expert, Supply Chain Management, BMW AG): “At
the BMW Group, we conduct a risk-based analysis of the raw materials
we are using to build a car. Currently, we focus on critical value
chains (such as cobalt and lithium), and we have a roadmap to reach 18
raw materials by 2030.

 

Videos of the event can be found here: https://www.bmwgroup.com/en/responsibility/stakeholder-engagement/bmw-group-dialogue.html

If you have any questions, please contact:

 

BMW Group Corporate Communications

Kai Zöbelein

Press spokesperson Sustainability, Urban Mobility

Telephone: +40-89-382-21170

Mailto: Kai.Zoebelein@bmw.de

Media website: www.press.bmw.de

The BMW Group

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW
Group is the world’s leading premium manufacturer of automobiles and
motorcycles and also provides premium financial and mobility services.
The BMW Group production network comprises 31 production and assembly
facilities in 15 countries; the company has a global sales network in
more than 140 countries.

In 2019, the BMW Group sold over 2.5 million passenger vehicles and
more than 175,000 motorcycles worldwide. The profit before tax in the
financial year 2019 was € 7.118 billion on revenues amounting to €
104.210 billion. As of 31 December 2019, the BMW Group had a workforce
of 126,016 employees.

The success of the BMW Group has always been based on long-term
thinking and responsible action. The company has therefore established
ecological and social sustainability throughout the value chain,
comprehensive product responsibility and a clear commitment to
conserving resources as an integral part of its strategy.

www.bmwgroup.com

Facebook: http://www.facebook.com/BMWGroup

Twitter: http://twitter.com/BMWGroup

YouTube: http://www.youtube.com/BMWGroupView

Instagram: https://www.instagram.com/bmwgroup

LinkedIn: https://www.linkedin.com/company/bmw-group/

Original Press Release