+++ Measures to achieve 1.5-degree goal: BMW Group backs sustainable, innovative materials and circular economy +++ Higher recycling rates and material substitutions for faster reduction of lifecycle CO2 emissions by 2030 +++ Innovative materials research and collaborations key factors in combating climate change +++
 

Munich. The BMW Group is stepping up its fight against climate change with a unique sustainability strategy and clearly defined CO2 targets, as announced by Oliver Zipse, Chairman of the Board of Management of BMW AG at a media event in Munich.

The main focus of the company’s pioneering strategy is, on the one hand, to drastically reduce CO2 per vehicle by 2030. On the other, with the introduction of the “Neue Klasse”, the BMW Group will be massively promoting the use of secondary material and the forward-looking principles of the circular economy. The BMW Group is committing to a more sustainable pathway, with the goal of limiting global warming to 1.5 degrees C.

+++ Zipse: “We are committed to a clear course to achieve the 1.5 degree target” +++ 50% reduction in global CO2 use-phase emissions by 2030 +++ Over 40% reduction in CO2 emissions during life cycle +++ Ten million all-electric vehicles within ten years +++ Secondary first: Up to 50% use of secondary material planned – initiatives to develop the market are required +++ Cooperation with BASF and ALBA on plastic recycling +++ Resource scarcity and social responsibility: BMW Group focussed on circular economy for sustainable materials +++ RE:BMW – circular economy at the IAA Mobility in Munich +++

Munich. The BMW Group is increasing the pace of its efforts to combat climate change. Looking ahead to the introduction of the Neue Klasse, the company is further strengthening its self-defined objectives, announced in summer last year, to significantly reduce CO2 emissions, whilst also committing itself to a clear course that supports the 1.5 degree target for the limitation of global warming. The Neue Klasse will also see the BMW Group hugely increase its use of secondary materials with a firm focus on the principles of the circular economy, whilst also promoting better framework conditions for establishing a market for secondary materials. 

To achieve a further reduction in CO2 emissions, the focus is on the utilisation phase of vehicles, which account for 70% of the BMW Group’s CO2 footprint. By 2030, the CO2 emissions per vehicle and kilometre driven will be at least halved from 2019 levels. The commitment of all manufacturers when it comes to combatting climate change can best be compared when looking at the entire life cycle of a vehicle, including production and upstream supply chain. Here, the BMW Group is planning a reduction of CO2 emission per vehicle of at least 40%. 

+++ Zipse: "Great innovative strength and successful transformation" +++ Group EBT at just under € 6 billion following release of provision for EU antitrust proceedings +++ Earnings driven up by higher sales volume and good pricing – Automotive segment EBIT margin at 15.8% +++ Free cash flow of € 4.9 billion for six-month period to 30 June +++ Deliveries of electrified vehicles more than doubled (+167%) +++ Second half-year likely to be affected by supply bottlenecks and high prices for raw materials +++

Munich. The BMW Group continued performing dynamically in the second quarter, setting new record figures for sales, earnings and net profit. Demand for the Group’s premium vehicles has remained strong, with continued good pricing.

Reported figures for the second quarter improved significantly compared to one year earlier, when the BMW Group posted a loss due to the coronavirus pandemic. However, sales and earnings have also grown solidly compared with the financial year 2019.

“Our performance has benefited from strong customer demand during the first half of the year, enabling us to achieve significant growth. However, in light of a number of prevailing risks, including raw materials prices and a shortage of semiconductors, the second six-month period is likely to be more volatile for the BMW Group," said Oliver Zipse, Chairman of the Board of Management of BMW AG, in Munich on Tuesday: "Despite short-term challenges, we remain focused on the Group’s long-term strategy of leveraging our great innovative strength and sustainable profitability as the basis for successfully shaping the transformation of our industry. In doing so, we are committed to finding the best technological solutions to drive forward the progress of digital connectivity and sustainable mobility."