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“We are building on a solid foundation created by profitability and sustainable action. The BMW Group is financially and economically stronger than ever. We never stand still, and we see transformation as an opportunity. The ramp-up of e-mobility, digitalisation and sustainability are our focus. We will continue to make a difference – as a global Impact Company.”
Oliver Zipse Chairman of the Board of Management of BMW AG
STRATEGIC TARGETS OF THE BMW GROUP
About the financial year
The financial year 2021 was very successful for the BMW Group. Despite challenging conditions, most notably the semiconductor shortage, we once again managed to achieve our goals in all segments.
Impressive financial figures for the year reflect our excellent performance and can be found here in our online report.
An operating margin of 10.3% places us at the higher end of our adjusted target range in the automotive sector, as expected.
Global sales returned to their pre-COVID levels in 2021. We also achieved all of our non-financial goals. For example, we once again met the EU’s prescribed CO2 requirements in 2021, and even beat them comfortably by around 10 g/km.
We have started 2022 with a great deal of momentum and intend to perform well for all of our stakeholders by offering attractive products. Our current business performance gives us the freedom to invest in a more targeted and focused manner, whilst also allowing us to create new products and services for our customers.
Finally, I would like to draw your attention to our new performance calculator in the online report. It presents a concise overview of the most important performance indicators and was modelled on our BMW iX. Personally, I am delighted with it. I hope you enjoy it too!
Nicolas Peter
Member of the Board of Management, Finance
Our global engagement
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Munich | Production
Over 200 million tonnes: The BMW Group sets ambitious goal to reduce carbon emissions by 2030
The BMW Group has spelled out concrete plans to drastically reduce CO2 emissions globally by more than 200 million tonnes by 2030.
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Glasgow | Circularity
BMW Group at COP 26 UN Climate Summit in Glasgow: “No more waiting. No more clever tactics. It’s time to act. Now!”
At COP26, Oliver Zipse, chairman of the board of management, strongly (re-)affirmed the Group’s firm commitment to fight climate change: “No more waiting. No more clever tactics. It’s time to act. Now!”
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Munich / Dingolfing | Production, E-Mobility
Powered by water: BMW Group manufactures electric cars with regional green electricity
Harnessing the power of water, the BMW Group is manufacturing vehicles by using regional hydroelectric power.
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Munich / Dingolfing | Production
Sustainably produced and highly individual: BMW M4 small series takes shape using new paint process
The BMW Group has developed a highly precise, overspray-free paint application. It boosts resource and energy efficiency while also improving the degree of individualisation for customers.
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Dingolfing | Production
E-drive train production for the fully-electric models BMW iX and BMW i4 begins
From 2022 onwards, the Competence Centre for E-Drive Production will produce 500,000 drivetrains for electrified vehicles per year, signifying a successful transition to electromobility.
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Austria | Production, Circularity
BMW Group creates closed-loop material cycle for tungsten production tools
Addressing the challenges of conflict minerals, the BMW Group has created a closed-loop material cycle for tungsten, which collects old drilling and milling bits and uses them for new tools.
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Boston | Production
BMW Group invests in innovative method for CO2-free steel production
Through its capital venture fund BMW i Ventures, the BMW Group is furthering its sustainability goals by investing in the American start-up Boston Metal, which has developed an innovative method for CO2-free steel production.
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Kolwezi, Democratic Republic of Congo | Social Responsibility
“Cobalt for Development” project started trainings for mining cooperatives
The BMW Group-backed, cross-industry ‘Cobalt for Development’ initiative brings know-how to the Congo, bolstering the future of ethically sourced sustainable materials.
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Norrbotten, Sweden | Resources
Harnessing wind and hydroelectric power from the Arctic Circle: BMW Group plans to source steel produced with green power and hydrogen from northern Sweden
Harnessing wind and electric power, the BMW Group will start sourcing green steel from the Arctic Circle by 2025.
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UAE | Resources
Harnessing the power of the desert sun: BMW Group sources aluminium produced using solar energy
Through a triple-digit million-euro contract, Emirates Global Aluminium produced 43,000 tonnes of green aluminium for the BMW Group in 2021.
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Guadalajara, Jalisco, Mexico | Resources
Revolution, not evolution: BMW Group will reduce its carbon footprint by 2030 predominantly by using innovative materials
The BMW Group is expanding its use of secondary materials across its entire value chain. Take, for instance, alternatives to leather made from biobased raw materials, recycled-polyester textiles, and cork particles, which can reduce carbon emissions by up to 45%.
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Hutan Harapan Rainforest, Indonesia | Resources
The BMW Group and Pirelli together with Birdlife International initiate project to contribute to safeguarding Indonesia’s natural ecosystem
Partnered with Pirelli and Birdlife International, the BMW Group is sourcing sustainable rubber and safeguarding Indonesia’s natural ecosystem by doing so.
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Oakland, California | Resources
BMW Group invests in innovative method for efficient and sustainable lithium extraction
The BMW Group is investing in a sustainable future through the company Lilac Solutions, which focuses on the environmentally friendly extraction of lithium.
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Worldwide | Resources
BMW Group commits to protecting the deep sea
In support of the WWF Germany and in a joint declaration with other industry companies, the BMW Group has committed to protecting the deep sea, refusing to buy from or support deep-sea mining.
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Munich | E-Mobility, Circularity
On the occasion of the IAA motor show, the BMW Group sends out a powerful visual statement about sustainability, the circular economy and electromobility.
On the occasion of the 2021 IAA motor show, the BMW Group conveyed firm and visionary messages on sustainability and CO2 reduction by illuminating the BMW Group’s four cylinder.
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L.A., USA / Munich | E-Mobility
New soundscapes for pure-electric driving pleasure: BMW IconicSounds Electric.
BMW has partnered with the Academy Award-winning film score composer Hans Zimmer to create an enhanced and emotionally engaging experience through iconic sounds for customers of BMW electric vehicles.
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Munich | E-Mobility
Delivered as promised: BMW Group delivers its one-millionth electrified vehicle and achieves new milestone
The BMW Group continues to deliver on its sustainability goals in a planned and timely manner, having delivered its one-millionth electrified vehicle in December 2021.
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Munich | E-Mobility, Production
BMW Group Plant Munich goes fully electric
In October 2021, BMW jumpstarted production of the fully electric BMW i4 at its plant in Munich, a milestone on the way to BMW Group’s way to electromobility. By 2023, at least half of all vehicles produced at Plant Munich are set to be electrified.
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Araquari, Brazil | Circularity, Social Responsibility
Innovative ideas for waste
Catalyzed through the BMW Group accelerator programme “Innovation for Impact”, three BMW employees founded the “Upcycle Element” think tank and in doing so created innovative ways to transform discarded work uniforms into stylish everyday products, ranging from handbags to laptop cases.
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Munich | Social Responsibility
One Young World Summit visits BMW Welt
As part of the One Young World Summit, the BMW Group hosted over 2,000 youth leaders (virtually and physically) from over 190 countries at BMW Welt in July 2021, offering platform to discuss challenging issues, such as innovation, sustainability, civil rights and education.
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Munich | Social Responsibility
Munich club Spielen in der Stadt e.V. wins the joint BMW Group and United Nations Alliance of Civilizations (UNAOC) Intercultural Innovation Award
In tandem with the United Nations Alliance of Civilizations, the BMW Group awarded Munich’s club Spielen in der Stadt e.V with the Intercultural Innovation Award. The club was awarded for its dedication to increasing awareness of the holocaust and dark side of national socialism through dance, film and theatre.
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USA / South Africa / Germany | Social Responsibility
BMW Group Award for Social Responsibility presented for the tenth time
Through its yearly employee Social Responsibility Award, the BMW Group invests in positive social change and an inclusive society; in 2021, award winners came from South Africa, Germany and the USA.
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Worldwide | Circularity
BMW Group accelerates carbon reduction with Neue Klasse and commits to circular economy
Introducing the Neue Klasse, the BMW Group is intensifying its efforts to reduce CO2 emissions and ensure compliance with the 1.5°C climate goal.
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Munich | E-Mobility
Bidirectional Charging Management (BCM) pilot project enters key phase: customer test vehicles with the ability to give back green energy.
In July 2021, the BMW Group handed over its first 50 BMW i3s with new Bidirectional Charging Management technology for customer testing in a new pilot program. The new technology aims to intelligently interlink vehicles and power grids.
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Germany
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Over 200 million tonnes: The BMW Group sets ambitious goal to reduce carbon emissions by 2030
-
Powered by water: BMW Group manufactures electric cars with regional green electricity
-
Sustainably produced and highly individual: BMW M4 small series takes shape using new paint process
-
E-drive train production for the fully-electric models BMW iX and BMW i4 begins
-
BMW Group commits to protecting the deep sea
-
On the occasion of the IAA motor show, the BMW Group sends out a powerful visual statement about sustainability, the circular economy and electromobility.
-
Delivered as promised: BMW Group delivers its one-millionth electrified vehicle and achieves new milestone
-
BMW Group Plant Munich goes fully electric
-
One Young World Summit visits BMW Welt
-
Munich club Spielen in der Stadt e.V. wins the joint BMW Group and United Nations Alliance of Civilizations (UNAOC) Intercultural Innovation Award
-
BMW Group accelerates carbon reduction with Neue Klasse and commits to circular economy
-
Bidirectional Charging Management (BCM) pilot project enters key phase: customer test vehicles with the ability to give back green energy.
Great Britain
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BMW Group at COP 26 UN Climate Summit in Glasgow: “No more waiting. No more clever tactics. It’s time to act. Now!”
Austria
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BMW Group creates closed-loop material cycle for tungsten production tools
USA
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BMW Group invests in innovative method for CO2-free steel production
-
BMW Group invests in innovative method for efficient and sustainable lithium extraction
-
New soundscapes for pure-electric driving pleasure: BMW IconicSounds Electric.
Democratic Republic of the Congo
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“Cobalt for Development” project started trainings for mining cooperatives
Sweden
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Harnessing wind and hydroelectric power from the Arctic Circle: BMW Group plans to source steel produced with green power and hydrogen from northern Sweden
Mexico
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Revolution, not evolution: BMW Group will reduce its carbon footprint by 2030 predominantly by using innovative materials
Indonesia
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The BMW Group and Pirelli together with Birdlife International initiate project to contribute to safeguarding Indonesia’s natural ecosystem
Brasil
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Innovative ideas for waste
South Africa
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BMW Group Award for Social Responsibility presented for the tenth time
