BMW 2001 Annual Report Download - page 112
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111
[Sustainability]
The process of stable, ongoing development. The
United Nations Conference on the Environment
and Development held in Rio de Janeiro in 1992 re-
solved a global action plan for combating poverty,
ensuring a suitable population policy, promoting
urban development, human rights, trade, agriculture,
environmental protection, research and technology.
Referred to as Agenda 21, this action plan serves
to ensure sustainable development preserving the
worlds natural resources and limiting the emission
of pollutants into the environment to a volume the
world can absorb or degrade.
[VALVETRONIC]
VALVETRONIC provides variable valve lift, taking
over the function of the throttle butterfly which is no
longer required. The result is an engine able to
breathe freely, saving fuel in the process. Engines
featuring this technology offer the same fuel econo-
my as modern direct-injection petrol engines with-
out their compromises in emission management
and without forfeiting the driving pleasure so typical
of a BMW.
[Risk management]
An integral component of all business processes.
Following enactment of the Law on Control and
Transparency within Businesses (KonTraG), all
companies listed on a stock exchange in Germany
are required to set up a risk management system.
The purpose of this system is to identify risks at an
early stage which could have a significant adverse
effect on the assets, liabilities, financial position and
results of operations and which could endanger the
continued existence of the company. This applies
in particular to transactions involving risk, errors in
accounting or financial reporting and violations of
legal requirements. The Board of Management is re-
quired to set up an appropriate system, to document
that system and monitor it regularly with the aid of
the internal audit department.
[SMG]
Abbreviation for Sequential M Gearbox.
In principle this is a manual gearbox driven electro-
hydraulically. The most advanced electronic control
system interrupts engine power for milliseconds, the
control unit changing gears and opening/closing the
clutch electrohydraulically. There is no clutch pedal.
[Sports Activity Vehicle]
The
BMW
X5 is the first-ever Sports ActivityVehicle
a combination of a typical BMW saloon featuring
sporting and comfortable driving features, on the
one hand, with far-reaching driving abilities in terrain,
on the other. This creates a new market segment.
[Subscribed capital]
The share capital of a company is computed by
multiplying the nominal value of the shares (euro 1)
by the number of shares.