- Time period
- September 2003 – September 2005
The BMW Group informs its stakeholders about the progress regarding sustainability matters and the implementation of the Global Compact principles through its Sustainable Value Report (biannually), its Annual Report (annually) and regularly through its website www.bmwgroup.com/responsibility.
Besides that the BMW Group communicates with its stakeholders about various issues of its environmental and social responsibility in dialogue events. One example is the Dialogue Forum Sustainability. It can be done in Munich from April to May 2004. In more than 43 events the BMW Group discussed with various stakeholder groups topics like Sustainable Service and Recycling, Clean Production, alternative drive technologies or Socially Responsible Investment (SRI) to name just a few.
The Sustainable Value Report describes BMW Groups philosophy and commitment to sustainability. It follows the Reporting Guidelines of the Global Reporting Initiative and informs how the BMW Groups takes responsibility for the environment, its employees as well as for its communities and even beyond.
In the first chapter of this report the general understanding and the underlying management concept of sustainability is explained. The commitment of the BMW Group to the principles of the Global Compact and the engagement in this initiative (submitting practice examples, taking part in the German Network for the Global Compact, etc.) is described.
The Annual Report informs in various sections about the environmental and social responsibility of the BMW Group.
The responsibility website gives further information on the different programmes and projects in the various spheres of responsibility within the BMW Group.
- Principles covered
- Principle 1 - Businesses should support and respect the protection of internationally proclaimed human rights
- Principle 2 - Make sure that they are not complicit in human rights abuses
- Principle 3 - Businesses should uphold freedom of association & effective recognition of the right to collective bargaining
- Principle 4 - The elimination of all forms of forced and compulsory labour
- Principle 5 - The effective abolition of child labour
- Principle 6 - Eliminate discrimination in respect of employment and occupation
- Principle 7 - Businesses should support a precautionary approach to environmental challenges
- Principle 8 - Undertake initiatives to promote greater environmental responsibility
- Principle 9 - Encourage the development and diffusion of environmentally friendly technologies
- Principle 10 - Businesses should work against all forms of corruption, including extortion and bribery