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1、OnwardsAnnual report 2022We have the future in our sights,and the solutions we are working on orient to this.Technology cant solve all the worlds problems but it can make acrucial contribution.Our response to climate change is to use Bosch technology to make our locations worldwide carbon neutral,an
2、d wearealready working to achieve our next sustainability milestones.Our research and development is pressing ahead to establish the hydrogen economy and electromobility.In our view,it is our task toextend our technological expertise for the good of society and in doing so to give rise to technology
3、 that is ever better and smarter.Itsno coincidence that our strategic imperative is“Invented for life.”“Onwards,”the title of this years annual report,gives expression to thisproactive mindset a mindset that examines crises from all angles in order to help overcome them.The Bosch GroupRobert Bosch S
4、tiftungConsolidated financial statementsGroup management report Additional information02Annual report 2022Table of contents04The Bosch Group05Selected key data06Bosch at a glance08Business sectors09Foreword11Board of management15Supervisory board report17Supervisory board19Industrial Trust and Inter
5、national Advisory Committee21Highlights 202225Robert Bosch Stiftung32Group management report35Fundamental information about the group45Prospects for the Bosch Group75Report on economic position93Outlook96Report on opportunities and risks 104Consolidated financial statements106Consolidated income sta
6、tement107Consolidated statement of comprehensive income108 Consolidated statement of financial position110Consolidated statement of changes in equity111Consolidated statement of cash flows113Notes to the consolidated financial statements203 List of shareholdings of the Bosch Group236 Auditors report
7、240Additional information241List of graphs and tables244Ten-year summary of the Bosch Group245Publishing detailsThe Bosch GroupRobert Bosch StiftungConsolidated financial statementsGroup management report Additional information03Annual report 2022The Bosch GroupRobert Bosch StiftungConsolidated fina
8、ncial statementsGroup management report Additional information04The Bosch GroupAnnual report 202204Selected key dataFigures in millions of euros20222021Sales revenue88,201 78,748 percentage change from previous year 12.0 10.1 percentage share of sales revenue generated outside Germany 80 80 Research
9、 and development cost7,224 6,110 as a percentage of sales revenue 8.2 7.8 Capital expenditure4,896 3,949 as a percentage of depreciation 141 116 Headcountaverage for the year413,811 399,703 at December 31421,338 402,614 Balance-sheet total100,247 97,723 Equity46,727 44,304 as a percentage of total a
10、ssets 47 45 EBIT3,474 2,815 as a percentage of sales revenue 3.9 3.6 Profit after tax1,838 2,499 Dividend of Robert Bosch GmbH 162 143 Figures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eu
11、rosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millio
12、ns of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures i
13、n millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosF
14、igures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions of eurosFigures in millions o
15、f eurosFigures in millions of eurosRobert Bosch StiftungConsolidated financial statementsGroup management report Additional information05Annual report 2022The Bosch GroupSelected key dataBosch at a glanceThe Bosch Group is a leading global supplier of technology and services.It employs roughly 421,3
16、00 associates worldwide(as of December 31,2022).The company generated sales of 88.2 billion euros in 2022.Its operations are divided into four business sectors:Mobility Solutions,Industrial Technology,Consumer Goods,and Energy and Building Technology.As a leading IoT provider,Bosch offers innovative
17、 solutions for smart homes,Industry 4.0,and connected mobility.Bosch is pursuing a vision of mobility that is sustain-able,safe,and exciting.It uses its expertise in sensor technology,software,and services,as well as its own IoT cloud,to offer its customers connected,cross-domain solutions from a si
18、ngle source.The Bosch Groups strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence(AI)or have been developed or manufactured with its help.Bosch improves quality of life worldwide with products and services that are innovative a
19、nd spark enthusiasm.In short,Bosch creates technology that is“Invented for life.”The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries.Including sales and service partners,Boschs global manufacturing,engineering,and sales network cover
20、s nearly every country in the world.With its more than 400 locations worldwide,Robert Bosch StiftungConsolidated financial statementsGroup management report Additional information06Annual report 2022The Bosch GroupBosch at a glanceBosch at a glancetheBosch Group has been carbon neutral since the fir
21、st quarter of 2020.The basis for thecompanys future growth is its innovative strength.At 136 locations across the globe,Bosch employs some 85,500 associates in research and development,of which nearly 44,000 are software engineers.The company was set up in Stuttgart in 1886 by Robert Bosch(18611942)
22、as“Workshop for Precision Mechanics and Electrical Engineering.”The special ownership structure ofRobert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group,making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguar
23、ding of its future.Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH,a charitable foundation.The remaining shares are held by Robert Bosch GmbH and by a corporation owned by the Bosch family.The majority of voting rights are held by Robert Bosch Indu
24、strietreuhand KG,an industrial trust.The entrepreneurial ownership functions are carried out by the trust.Robert Bosch StiftungConsolidated financial statementsGroup management report Additional information07Annual report 2022The Bosch GroupBosch at a glanceBusiness sectorsConsumer GoodsPower ToolsB
25、SH Hausgerte GmbHMobility SolutionsPowertrain SolutionsChassis Systems ControlElectrical DrivesCross-Domain ComputingSolutionsAutomotive ElectronicsAutomotive AftermarketAutomotive SteeringBosch eBike SystemsBosch Engineering GmbHETAS GmbHITK Engineering GmbHTwo-Wheeler and PowersportsEnergy and Bui
26、lding TechnologyBuilding TechnologiesThermotechnologyBosch Global Service SolutionsRobert Bosch Smart Home GmbHIndustrial TechnologyDrive and Control Technology1Bosch Connected IndustryRobert Bosch Manufacturing Solutions GmbH1.Bosch Rexroth AG(100%Bosch)Other businesses not allocated to business se
27、ctors Bosch Healthcare Solutions GmbHgrow platform GmbHRobert Bosch Venture Capital GmbHRobert Bosch StiftungConsolidated financial statementsGroup management report Additional information08Annual report 2022The Bosch GroupBusiness sectors08ForewordLadies and gentlemen,“Onwards,”the title of the pre
28、sent annual report,sums uphow we act.Even when times are difficult,we set our sights on the future.In the 2022 business year,we were not only faced with the challenge of the lingering Covid-19 pandemic and continuing supply shortages of chips,but also with new and unexpected tasks as a result of the
29、 war in Ukraine.Central to these tasks was the well-being of the associates affected.Much of our business in Russia came to a halt.Inaddition,we were confronted with massive price hikes for energy and raw materials.The 2023 business year willalso be demanding,especially as the global economy will gr
30、ow only slightly.Yet despite this challenging environ-ment,we remain optimistic.We have every reason to be so:we rose to the great challenges we encountered in 2022.Our sales revenue was significantly higher than expected and,despite theconsiderable burdens,we were able to slightly increase our EBIT
31、margin from operations year on year.Thisalone wasa fantastic feat on the part of our more than 420,000 associates worldwide,to whom the photographs in this years annual report are dedicated.For on top of all this,they put boundless energy into driving the many elements of our strategy forward.Forthi
32、s,we owe them a great debt of thanks.We would also like to thank our business partners and customers.Intimes such as these,collaboration and trust are highly significant.DR.STEFANHARTUNGRobert Bosch StiftungConsolidated financial statementsGroup management report Additional information09Annual repor
33、t 2022The Bosch GroupForeword09“As a leading technology company,we want to help shape tomorrows world with technology that is Invented for life.”At the beginning of 2022,as the newly formed board of management,we made it our task to stimulate the growth of the Bosch Group.On this subject,we took a v
34、ery close look at our multifaceted company.We asked ourselves some fundamental questions.Are we going in the right strategic direction?Are our objectives ambitious enough?To what extent is our strategy already contributing to their achievement?Yet in all this,it is the people at Bosch inshort,leader
35、ship,collaboration,and personal dedica-tion that are decisive for success.What will we need inthe future to achieve these objectives?As I see it right now,were fundamentally on the right path.As a leading technology company,our aim is to help shape tomorrows world with technology that is“Invented fo
36、r life.”In this respect,we see considerable growth oppor-tunities in our existing areas of business,as well as in adjacent and new areas.Currently,we are working to create the conditions needed for this.Despite our enormous upfront investments in areas such as electrification,auto-mation,digitalizat
37、ion,and further regional diversification,it is indispensable that we place our company on a strong footing in terms of both profitability and finance.After all,sustainable earnings and the highly efficient use of capital resources are the basis for long-term success.This also involves strict portfol
38、io management.We regard our diversification as a strength,but it also has to be focused.One of our biggest current projects is the organizational realignment of our Mobility Solutions business sector tochanged market,customer,and technological require-ments.At the start of 2023,a first step was take
39、n by appointing a cross-divisional sector board for Mobility Solutions in order to take the transformation forward.Inaddition,we believe that digitalization and sustain-ability promise significant growth stimuli for the company as a whole.Digitalization is now a management-board responsibility,which
40、 underscores the significance of this subject.Tanja Rueckert took on this task at the start of 2023.Responsibility for the Drive and Control Technology division,which performed very successfully in 2022,has passed to our CFO Markus Forschner from Rolf Najork,who has stepped down from the board of ma
41、nagement asplanned.Many of these developments and considerations are addressed in our present annual report,which is once again embedded in a digital magazine containing exam-ples of interesting innovations.I hope you will find its contents stimulating and interesting.With best regards,Dr.Stefan Har
42、tungChairman of the board of managementRobert Bosch StiftungConsolidated financial statementsGroup management report Additional information10Annual report 202210The Bosch GroupForewordDR.MARKUSHEYNDR.STEFAN HARTUNGDR.TANJARUECKERTDR.MARKUSFORSCHNERFILIZ ALBRECHT*DR.CHRISTIAN FISCHERThe Bosch board o
43、f management in 2022*In early 2023,there was a change on the board of management,with Filiz Albrecht stepping down effective March 31,2023.Stefan Grosch joined the Bosch board of manage-ment as director of industrial relations effective April 1,2023.Additional informationConsolidated financial state
44、mentsGroup management report Robert Bosch StiftungAnnual report 202211The Bosch GroupBoard of managementBoard of managementDr.Stefan HartungChairmanTechnology,Innovation,and QualityFunctions and services Strategy,Organization,and Business Development Communications and Governmental Affairs Corporate
45、 Affairs Human Resources Senior Management Personnel Research and Advance Engineering Technology Engineering1 Technology Manufacturing2 Quality Management2 Intellectual Property Digital Transformation3 Field Quality Board2Business area Healthcare SolutionsRegionsChina,India4Dr.Christian FischerDeput
46、y chairmanConsumer Goods business sector Energy and Building Technology business sectorBusiness areas Power Tools BSH Home Appliances Building Technologies Thermotechnology Bosch Global Service Solutions3 Smart HomeRegionsAfrica,Southeast AsiaRolf Najork3Manufacturing and Quality,Industrial Technolo
47、gy business sectorFunctions and services Manufacturing and Technology5 Technology Manufacturing1 ATMO Manufacturing Tools and Systems Quality Management and Field Quality BoardBusiness areas Digital Business Industrial Technology Drive and Control Technology Connected IndustryRegionsNorth America,So
48、uth America,Japan,South Korea,AustraliaDr.Markus Heyn Mobility Solutions business sector Chairman of the sector board2Functions and services Sector board2Commercial Affairs OperationsSales and CustomersTechnology Business-sector functionsCommunications and Governmental Affairs6Human Resources,People
49、,and Culture2Strategy,Sales,and Business ExcellencePurchasing Direct Materials7Performance Management7 Software Development Services Mobility Company projectBusiness areas*Powertrain Solutions Chassis Systems Control Electrical Drives Cross-Domain Computing Solutions Automotive Electronics Automotiv
50、e Aftermarket Automotive Steering eBike Systems BEG Automotive Engineering Solutions Two-Wheeler and Powersports ETAS 1.Effective June 1,20222.Effective Jan.1,20233.Until Dec.31,20224.Until June 30,20225.Until May 31,20226.Effective Oct.1,20227.Until Sept.30,2022*Assigned to Mobility Solutions secto
51、r board effective Jan.1,2023Robert Bosch StiftungConsolidated financial statementsGroup management report Additional information12Annual report 2022The Bosch GroupBoard of managementFiliz Albrecht9Human Resources,Legal,Compliance,and SustainabilityFunctions and services Human Resources People and Cu
52、lture Human Resources Transformation Legal Compliance Sustainability,Environment,Health and Safety BMS Bosch Management Support Region India8Stefan Grosch10Human Resources,Legal,Compliance,and SustainabilityFunctions and services Human Resources People and Culture Human Resources Transformation Lega
53、l Compliance Sustainability,Environment,Health and Safety BMS Bosch Management SupportRegionIndiaDr.Markus ForschnerFinance and Performance,Industrial Technology business sector2Functions and services Finance,Reporting,and Treasury Performance Controlling,Risk Management,Mergers and Acquisitions Per
54、formance Management Transformation and Performance Consulting Tax and Customs Duties Supply Chain Management Real Estate and Facilities Global Real Estate Internal Auditing Digital Business Industrial Technology2 Global Business Services3Business areas Drive and Control Technology2 ATMO Manufacturin
55、g Tools and Systems2RegionsEurope3,Europe 12,TurkeyDr.Tanja Rueckert2Digital Business and ServicesFunctions and services Cybersecurity Information Technology and Digitalization Bosch Digital Global Business Services Software Next Residential IoT Services Software and Digital Solutions Security and S
56、afety Things Business areas Global Service Solutions Connected Industry RegionsNorth America,South America,Japan,Korea,Australia,Europe 22.Effective Jan.1,20233.Until Dec.31,20228.Effective July 1,20229.Until Mar.31,202310.Effective Apr.1,2023Robert Bosch StiftungConsolidated financial statementsGro
57、up management report Additional information13Annual report 2022The Bosch GroupBoard of managementPresidents of the divisionsMobility Solutions sector board2Manfred Baden5Rupert Hoellbacher1 Automotive AftermarketHenk Becker Power ToolsDr.Steffen Berns Chassis Systems Control Henning von Boxberg Bosc
58、h Global Service SolutionsClaus Fleischer Bosch eBike SystemsDr.Uwe Gackstatter7Dr.Thomas Pauer6 Powertrain SolutionsJan Brockmann ThermotechnologyKlaus Maeder7Michael Budde6 Automotive ElectronicsRolf Najork11Dr.Steffen Haack12 Drive and Control TechnologyDr.Mathias Pillin7Christoph Hartung6 Cross-
59、Domain Computing Solutions Thomas Quante Building TechnologiesDr.Gerta Marliani Automotive SteeringMichael Budde7Volker Schilling6 Electrical DrivesDr.Markus HeynChairmanDr.Uwe GackstatterCommercial AffairsKlaus MaederOperationsAndreas DempfSales and CustomersDr.Mathias PillinTechnology1.Effective J
60、une 1,20222.Effective Jan.1,20235.Until May 31,20226.Effective Oct.1,2022 7.Until Sept.30,202211.Until July 31,202212.Effective Aug.1,2022Robert Bosch StiftungConsolidated financial statementsGroup management report Additional information14Annual report 2022The Bosch GroupBoard of managementSupervis
61、ory board reportLadies and gentlemen,In the 2022 business year,the Bosch Group once more had to come to terms with a demanding environment,made more acute by the war in Ukraine.The challenges included price increases for raw materials and energy thatwere in some cases enormous.Despite the ongoing co
62、ntainment of the Covid-19 pandemic,the further recovery of the economy failed to materialize.This makes the extraordinary commitment that was shown all the more valuable commitment that allowed us to increase our sales revenue and EBIT margin from operations yearon year in 2022.The supervisory board
63、 would like tothank the board of management and associates of theBosch Group for this achievement.Their dedication and expertise make us confident that the Bosch Group will successfully come through the 2023 business yearayearthat will likely be no less demanding.Despite difficult economic condition
64、s and considerable upfront investments in areas of future importance,theobjective isto grow further and improve EBIT margin fromoperations.The supervisory board also owes a debt of thanks to RolfNajork,who was responsible for the Industrial Tech-nology business sector until the end of the year.Over
65、thepast years,he successfully took the business sector forward through innovations and acquisitions.Our chief financial officer Markus Forschner assumed most of his responsibilities at the beginning of the year.The supervisory board is also pleased that,in the shape of Tanja Rueckert,the key future
66、issue of digitalization will now begiven greater weight on the board of management.Inaddition,PROF.STEFANASENKERSCHBAUMERRobert Bosch StiftungConsolidated financial statementsGroup management report Additional information15Annual report 2022The Bosch GroupSupervisory board report15“The supervisory b
67、oard would like to thank the board of management and associates ofthe Bosch Group for their outstanding achievement in difficult times.”she has brought greater diversity to our senior manage-ment level.In our supervisory board capacity,we once again fulfilled our legal and regulatory obligations wit
68、h great care in 2022.The supervisory board concerned itself in detail with the difficult environment and business situation ofthe Bosch Group.In addition,it kept itself informed about measures relating to compliance,the risk manage-ment system,and significant risks such as cyber-risks,about the cons
69、equences of the war in Ukraine for Bosch,the security of energy supplies,and the phasing-out of business activities in Russia.The reports it received also focused on financial and investment planning,as well asthe 2023 business plan.A lot of attention was devoted to the board of managements delibera
70、tions about a new iteration of strategy with respect to growth potential in existing,adjacent,and new business fields.The Mobility Company program concerning the organizational recon-figuration of the Mobility Solutions business sector wasdiscussed at length.The supervisory board also concerned itse
71、lf in depth with the status of the trans-formation in the Powertrain Solutions division,and aboutproducts of future importance such as the fuel cell.In addition,outside of board meetings,the chair-manof the supervisory board was regularly informed by the chairman of the board of management about cur
72、rent developments and significant events in the company.Ernst&Young GmbH Wirtschaftsprfungsgesellschaft audited the Robert Bosch GmbH annual financial state-ments and consolidated financial statements,as well as the accompanying management reports,as of and for the year ended December 31,2022.They f
73、urnished all these reports with an unqualified audit opinion.The supervisory board discussed these documents at length and subjected them to its own examination;all members of the board had access to the auditors reports.Moreover,the auditor met with the supervisory board to report on the main findi
74、ngs of the audit,which were then discussed in detail.After receiving the auditors final report,the supervisory board raised no objections,concurred with the results ofthe audit,and approved the Robert Bosch GmbH annual financial statements and consolidated financial statements.Following its own revi
75、ew,the supervisory board endorsed the board of managements proposal for the appropriation of net profit.Stuttgart,March 2023For the supervisory boardProf.Stefan AsenkerschbaumerChairmanRobert Bosch StiftungConsolidated financial statementsGroup management report Additional information16Annual report
76、 202216The Bosch GroupSupervisory board reportSupervisory board1.Effective May 1,2022Prof.Stefan AsenkerschbaumerStuttgart ChairmanManaging partner of Robert Bosch Industrie-treuhand KG,formerly deputy chairman of the board of management of Robert Bosch GmbHFrank SellGerlingenDeputy chairmanDeputy c
77、hairman of the works council of the Feuerbach plant,and chairman of the central works council of the Mobility Solutions busi-nesssector as well as deputy chairman of the combined works council of Robert Bosch GmbHNadine BoguslawskiStuttgartChief representative(managing director)of the Baden-Wrttembe
78、rg regional directorate of the trade union Industriegewerkschaft MetallDr.Christof BoschKnigsdorf Spokesperson for the Bosch familyChristian BrunkhorstMhltalRepresentative of the chairman of Industrie-gewerkschaft Metall,Frankfurt am MainDr.Arne Fischer1GemmrigheimVice president,Commercial Vehicle E
79、lectrifi-cation,Powertrain Solutions division,andchairman of the combined executives committee of the Bosch Group in GermanyProf.Elgar Fleisch St.GallenProfessor of information and technology management at the University of St.Gallen andETH ZrichKlaus FriedrichWrzburg Chairman of the works council o
80、f Bosch Rexroth AG,Lohr am Main,and chairman of the central works council of Bosch Rexroth AG and member of the combined works council of Robert Bosch GmbHMario GutmannBambergChairman of the works council of the Bamberg plant,and member of the central works council of the Mobility Solutions business
81、 sector aswellas chairman of the economic committee of the Mobility Solutions business sectorJrg HofmannFrankfurt am MainPresident of Industriegewerkschaft MetallProf.Michael KaschkeOberkochenChairman of the supervisory board of Karlsruhe Institute of TechnologyPresident of StifterverbandProf.Renate
82、 KcherKonstanzManaging director,Allensbach Institute forPublic Opinion ResearchMartina KoederitzStuttgartMember of the supervisory board of Robert Bosch GmbHMatthias Georg MadelungMunichMember of the board of trustees of Robert Bosch Stiftung GmbHKerstin MaiHildesheimChairwoman of the works council
83、of the Cross-Domain Computing Solutions division,Hildesheim,and chairwoman of the combined works council of Robert Bosch GmbHRobert Bosch StiftungConsolidated financial statementsGroup management report Additional information17Annual report 2022The Bosch GroupSupervisory boardOliver SimonDunzweilerC
84、hairman of the works council of the Homburg plant,and member of the central works council of the Mobility Solutions business sectorKarin SoldaFilderstadt Chairwoman of the works council at the Leinfelden-Echterdingen location and of the central works council of Robert Bosch Power Tools GmbHPeter Spu
85、hler WeiningenMajority shareholder and president of the supervisory board of Stadler Rail AGDr.Eberhard VeitGppingenManaging partner of Robert Bosch Industrie-treuhand KGDr.Richard Vogt2Willsttt Vice president,Electrical Drives division,andchairman of the executives committee ofRobert Bosch GmbH as
86、well as of the combined executives committee of the Bosch Group in GermanyProf.Beatrice Weder di MauroGenevaProfessor of international economics at the Geneva Graduate Institute,president of the Centre for Economic Policy Research(CEPR),and research professor at INSEADHONORARY CHAIRMAN OF THE BOSCH
87、GROUPProf.Hermann SchollStuttgart2.Until April 30,2022Robert Bosch StiftungConsolidated financial statementsGroup management report Additional information18Annual report 2022The Bosch GroupSupervisory boardIndustrial Trust and International Advisory CommitteeGENERAL PARTNERSProf.Stefan Asenkerschbau
88、merStuttgartChairman of the shareholders meetingDr.Eberhard VeitGppingenLIMITED PARTNERSDr.Christof BoschKnigsdorfDr.Christian FischerStuttgartProf.Elgar FleischSt.GallenProf.Lino GuzzellaUsterDr.Stefan HartungLudwigsburgProf.Michael KaschkeOberkochenProf.Renate KcherKonstanzPeter SpuhlerWeiningenRo
89、bert Bosch International Advisory CommitteeRobert Bosch Industrietreuhand KGProf.Stefan AsenkerschbaumerStuttgartChairman Sigmar GabrielGoslarDr.Christoph HeusgenBerlinBaba N.KalyaniPunePascal LamyParisYumiko MurakamiTokyoPaul RyanJanesvilleJing UlrichHong KongProf.Igor YurgensMoscowRobert Bosch Sti
90、ftungConsolidated financial statementsGroup management report Additional information19Annual report 2022The Bosch GroupIndustrial Trust and International Advisory CommitteeAnnual report 2022Annual report 202220The Bosch GroupRobert Bosch StiftungConsolidated financial statementsGroup management repo
91、rt Additional informationHighlights 2022Jan 25Automated driving:Bosch andCariad agree to partnerMore safety and less stress for drivers,more rapid deployment of automated driving functions across all vehicle classes:Bosch and Cariad,the Volks-wagen Groups software subsidiary,wantto work together to
92、achieve this goal.Feb 17Boost to software and auto-motiveengineering in IndiaAt its Hyderabad location,Bosch is settingup a new technology and innovation center.By 2025,the number ofpeople employed there is set to riseto3,000.Startup for quantum sensorsTo commercialize quantum sensors,theresearch fi
93、ndings of recent years arebeing combined and translated intoproducts.In this way,Bosch hopes toparticipate in the expected strong growth of this technology.Feb 24Biggest single Bosch investment inJapanBosch is to invest some 300 million euros in a new research and engineering center,as well as a cul
94、tural facility,in Yokohama.Construction is to be completed inSep-tember 2024.Map specialist Atlatec adds todevelopment expertise Atlatec GmbH is one of the worlds most innovative providers of high-resolution digital maps for driver assistance systems and automated driving.Mar 9Help for people in Ukr
95、aineBosch helps with a donation of one million euros for humanitarian aid,andthere are many initiatives on the partof countries and divisions.Privately as well,a lot of associates are helping toprovide relief by offering shelter,bydonating,or by helping at the frontier.Robert Bosch StiftungConsolida
96、ted financial statementsGroup management report Additional information21Annual report 2022The Bosch GroupHighlights 2022May 4Development of components forhydrogen electrolysis to startBosch is to develop the stack the core component of an electrolyzer and invest up to 500 million euros in this new a
97、rea ofbusiness by the end of the decade.May 19Hydrogen cycle demonstrated atIndustry 4.0 lead plant in Homburg In the context of Hannover Messe,Boschpresents technology for hydrogen applications in industry,as well as its partnership with Maximator Hydrogen,aimed at setting up hydrogen filling stati
98、ons worldwide.Jun 14Bosch opens additional software center This move will augment the Bosch GlobalSoftware Technologies subsidiary.In the years ahead,thousands of new jobs,especially in automotive engineer-ing,are to be created at a new location inHanoi,Vietnam.Jun 30Smart campus opened in IndiaOver
99、 the past five years,Bosch has invested more than 100 million euros indeveloping its India headquarters inBengaluru.The new campus,which wasdesigned forup to 10,000 associates and will go by the name of Spark.NXT,hasnow been officially opened at a formalceremony.Apr 5Changsha plant singled out byWor
100、ld Economic Forum(WEF)With its award,the WEF acknowledges the role played by the Bosch plant in China as a global forerunner of the fourth industrial revolution.With pioneering innovations such as an AI-assisted energy management system,the plant is driving forward the digital transformation in manu
101、facturing technology.Apr 12Acquisition of Five accelerates thedevelopment of software for automated drivingFive is Europes leading startup for automated driving.At six locations in the United Kingdom,some 140 associates arepursuing the goal of safe self-driving vehicles.Apr 13Bosch and Amazon agree
102、to collaborate on digitalization oflogisticsThe aim is for Bosch to run a platform onAmazon Web Services that will give freight carriers and forwarders around theworld fast and uncomplicated access to digital services.These services will help in areas such as utilizing the capacity of truck fleets,m
103、onitoring the flow of goods,and order handling.Robert Bosch StiftungConsolidated financial statementsGroup management report Additional information22Annual report 2022The Bosch GroupHighlights 2022Sep 13Bosch at the Automechanika trade fairThe Automotive Aftermarket division offers a wide range of i
104、nnovations for the repair-shop market.These innovations willenable independent and multibrand repair shops to carry out effective and high-quality diagnostic,servicing,and repair work even on the latest vehicle models.Sep 19Bosch at the IAA TransportationOn the path to climate-neutral freight haulag
105、e,Bosch is continuing to expand itsportfolio.With software,a logistics platform,and climate-neutral power-trains,it is helping make the movement ofgoods sustainable.Apart from the diesel engines that will remain indispens-able for trucks for many years to come,Bosch presents battery-electric and fue
106、l-cell powertrains.As a further option,especially for heavy construction and agricultural machinery,these power-trainshave now been joined by hydrogen engines.Sep 29Open Bosch Award presentedThe first prize goes to the Atlatec startup and the Cross-Domain Computing Solutions division,whose collabora
107、tion isensuring that Bosch can accesshigh-resolution 3D mapping technology.Bosch is working on innovations in more than 300 startups.Jul 15Bosch Rexroth announces acquisition of HydraForceIn acquiring the U.S.company HydraForce,headquartered in Lincolnshire,IL,Bosch Rexroth plans to expand its hydra
108、ulics business.With a workforce of 2,100,HydraForce develops and manufactures compact hydraulic valves and solutions atsix manufacturing sites in the U.S.,Brazil,the U.K.,and China.Jul 19Sector board set up for Mobility Solutions business sectorEffective January 1,2023,Bosch plans toreorganize Mobil
109、ity Solutions as abusiness sector with profit and loss responsibility.The aim of the reorgani-zation of Bosch Mobility Solutions is tobeable to serve existing and new customer needs with customized technolo-gies and solutions from a single source.Aug 31Live fantastically#LikeABoschBosch and the Germ
110、an band“DieFan-tastischen Vier”are collaborating in areprise of the successful marketing campaign.The pioneers of German hip-hop have reinterpreted the ac-claimedcampaign song and play the leading roles in the accompanying musicvideo.New indoor camera:Smart Home Eyes IIThanks to smart motion detecti
111、on,thenew camera can distinguish between known and unknown persons.Its alarm deters unwanted guests.In addition,residents receive a push notification on their smartphone,with a video livestream.Robert Bosch StiftungConsolidated financial statementsGroup management report Additional information23Annu
112、al report 2022The Bosch GroupHighlights 2022Oct 20Bosch launches cost-effective movement sensorCombining simplicity and an excellent cost-benefit ratio,the smart BMI323 inertial sensor will open up new applica-tions.These include standard consumer electronics goods such as toys,gaming controllers,re
113、mote controls,wearables,fitness trackers,smart watches,tablets,and laptops.Oct 25Charleston plant starts production of electric motorsIn addition,investments are to be made infurther upscaling manufacturing operations for electrification products and in extending the existing building atthis locatio
114、n in South Carolina.Nov 9Quantum-computing partnership agreed with IBMWithin the next ten years,the aim is tousequantum-computer materials simulations to find substitutes for the precious metals and rare earths in carbon-neutralpowertrains,whether electric motors or fuel cells.Nov 22New research and
115、 engineering center in ChinaThe new center is to be home to more than 540 associates,who will work onsmart cockpit technologies andintel-ligent powertrain solutions,focusing especially on software development.Nov 30World first:AVP receives approval for regular useThe AVP automated valet parking syst
116、em developed by Bosch and Mercedes-Benz is the worlds first fully automated driverless(SAE Level 4)parking function to be approved by the authorities for regular use.Dec 8Smart Home Controller II for thesmart homes of the futureThis new smart controller brings togetherall key items of information wh
117、ileproviding maximum data protec-tion.Italso connects all appliances andcontrols functions,scenarios,andautomated processes.Even now,itisready for Matter,the international connection standard.Robert Bosch StiftungConsolidated financial statementsGroup management report Additional information24Annual
118、 report 2022The Bosch GroupHighlights 2022Robert Bosch StiftungThe Bosch GroupConsolidated financial statementsGroup management report Additional information25Annual report 2022Robert Bosch StiftungThe Europe Prykhystok initiative organized an invaluable time-out from the constant menace of war for
119、children fromeastern Ukraine.Special grants for UkraineThe initial reaction is one of shock and anxiety.Anxiety forour many friends in Ukraine,whose lives are suddenly threatened by the Russian attack.But also for the people inRussian civil society who are fighting for democracy in their country,and
120、 whose protests against the war would put their liberty at risk.Markus Lux,who is responsible in Robert Bosch Stiftung for immigration society and democ-racy,and whose work has focused on central and eastern Europe for many years,describes the feelings that gripped him in March 2022:“As a result of
121、our many years of support,we have many European partners and a strong network in the region.We wanted to help them quickly and unbureau-cratically.We needed answers to very concrete questions:How can we protect the people on the spot?How can we organize their influx and accommodation over the next w
122、eeks and months?And not just in Germany,but across Europe?”Not-for-profit,independent,and cross-partisan,Robert Bosch Stiftung GmbH works on the major social challenges of our age relating to healthcare,education,and global issues.In these three funding areas,it acts as a civil-society player to ini
123、tiate positive changes.It is one of the biggest company-related foundations in Europe.For nearly 60 years,it has been living up tothe mission handed down by its founder Robert Bosch by carrying on his social and societal commitment in contemporary form.To do so,the Stiftung runs its own institutions
124、,conducts innovative projects,and works with awidevariety of partners,supporting them on an ad hoc basis.The Bosch GroupConsolidated financial statementsGroup management report Additional information26Annual report 2022Robert Bosch StiftungOn the Bosch Health Campus,cancer research and treatment are
125、 closely interwoven.Ideas for projects to help Ukrainians come from all parts ofthe Stiftung.Within a very short period of time,the management board agrees with the trustees to make special funds available for Ukraine.In total,the Stiftung spends 4.5million euros on some 40 projects.These rangefrom
126、evacuations and protective measures to sup-pliesof medical aid,psychological first aid for refugees,supervision of school students and teachers who have fledto Germany,and support for civil society organizations.One example is the French initiative“Europe Prykhystok”(from the Ukrainian for“shelter”)
127、,which gives Ukrainian children and adolescents time out from the war.The 16-year-old Michail from the Donbas is one of them.When he is invited to southern France together with a group ofadolescents from eastern Ukraine,he is traumatized bythe events in his home country.His stay in a safe environ-me
128、nt gives the shy young man so much self-assurance thathe even has the courage to make an appeal on French television:“This war must end,and those responsible must be brought to account.”Robert Bosch Stiftung is helping Europe Prykhystok establish further partnerships with localactivists in various c
129、ountries.This is based on the belief that regional initiatives can play an important part inhandling mass refugee movements.Healthcare:patients benefit from researchIn 2022,most of the project grants awarded by Robert Bosch Stiftung again went into healthcare,education,andglobal issues.In the health
130、care field,the focus is on continuing the work of pooling all the Stiftungs activities and institutions together in the Bosch Health Campus(BHC).Since 2022,the campus has brought together four pillars under one roof:patient care,biomedical research,medical and nursing education,and funding and trial
131、ing promising new ideas for better healthcare.The example ofa Stuttgart woman with lung cancer shows how patients and the scientific community can benefit from this unusual combination.The classic forms of cancer treatment she receives show noeffect and,one year after her diagnosis,she is barely abl
132、e to get out of bed.“In effect,we had tried all the treatment options available,”the senior physician recalls.Inthis situation,the special design of the Bosch Health Campus pays dividends,as medical research can be quickly translated into clinical treatment,true to the principles oftranslational med
133、icine.Laboratory examinations of the tumor tissue reveal that the patient has an extremely rare kind of tumor that has only been known to researchers for afew years.The patient is given novel medication which The Bosch GroupConsolidated financial statementsGroup management report Additional informat
134、ion27Annual report 2022Robert Bosch Stiftungshows an effect.The scientific community also benefits from this close-knit relationship between excellent re-search and treatment at the BHC,since it gets immediate feedback about its research.Giving children the chance of a good educationIn its education
135、 work,Robert Bosch Stiftung advocates anequitable and effective education system that is geared tothe well-being of children and young people.For this purpose,it also singles out good schools for the annual“Deutscher Schulpreis”(German school award).One ofthese is the Ketteler School in Bonn.At half
136、-past nine inthe morning,the ten-year-old Hatice is puzzling over amath problem at her computer.In an underwater scene,aplump sunfish swims into the picture.On its belly is theformula:1Th+8H+0T+5U.Quick as a flash,the young girl types the answer into the box:one thousand,eight hundreds,no tens,and f
137、ive units.Correct!And right away,the next task swims onto her screen.Hatice was nearly sent to a special-needs school,as her previous school assessed her language skills as“too weak.”But her parents enrolled her at the Ketteler School,an integrative comprehensive school.The school encour-ages pupils
138、 to take the initiative themselves,and provides individualized syllabuses.In other words,children are notjudged according to uniform targets,but instead to individual ones that are tailored to their abilities and gifts.Unlike Hatice,many elementary-school children in Ger-many have insufficient numer
139、acy and literacy skills whenthey switch to high school.This is why the Stiftung helps elementary schools improve the quality of their teaching.On this subject,it introduced an internationally established approach last year,initially in the state ofBaden-Wrttemberg.The idea of the“Wir.Lernen”(welearn
140、)project,carried out together with the state education ministry,is to bring elementary-school principals and teachers together with the education authorities in regular meetings.Together,they identify theweaknesses in their classroom practice and how totackle them.Integration through social media co
141、mmunitiesIn the global issues field,the Stiftung works to promote peaceful coexistence and dedicates itself to the major social challenges of our age.This includes ensuring that people live together well in societies marked by immigra-tion.The Stiftung does so by drawing attention to the Individual
142、encouragement was key to helping Hatice like school and to developing into a good pupil.The Bosch GroupConsolidated financial statementsGroup management report Additional information28Annual report 2022Robert Bosch Stiftungconcerns and abilities of migrants and ensuring that theyhave equal opportuni
143、ties to participate in society.KaterynaPysarevych,from Hanau in Germany,illustrates the role social media communities can play in this.When the young mother is at the end of her tether,she goes online.Following the birth of her first child,she is ex-hausted,and hersmall son is sleeping badly.To make
144、 things worse,herhusband has contracted a severe case ofCovid-19,and her son is becoming increasingly feverish.Pysarevych,a native ofKyiv in Ukraine,is left to her own devices in a country thathas so far remained alien to her,and whose language she barely knows.Who can she call?On Facebook,she finds
145、 the“Russian-speaking mothers inGermany”group,with more than 30,000 members.Shedescribes her situation and in return receives not onlytips and links,butalso a crash course about Germany.“In many migrant-community social media spaces,mem-bers help each other sort out integration issues,”is the conclu
146、sion of a study funded by Robert Bosch Stiftung researching the links between social media,migration,andsocial policy.The questions it raises are intriguing:Howdo migrants help each other manage their lives inGermany?How can citizens advice organizations and public authorities work together with mig
147、rant groups?Andfinally,what are the factors that determine whether asocial media group becomes an echochamber or works asa place where people can get advice on integration?Giving a voice to the people affected by the climate crisisThe climate crisis is one of the great challenges of our age.At the 2
148、7th climate change conference in Sharm el-Sheikh,Egypt,the Stiftung highlights two issues:First,it wants to give African people a greater voice in international climate negotiations,and is doing so by enabling young people,women,farmers,the representatives of civil society organizations,and indigeno
149、us groups to take part in the conference.The 23-year-old Evelyn Addor from the Ghana-ian EcoCare organization is one such person.As a Climate Youth Negotiator,she takes part in the official negotiations and gives a vivid report about climate changes in her home region.Second,the Stiftung is addressi
150、ng future migration issues,such as the prospect of great numbers of people fleeing from their homes as a result of climate change.Atthe climate conference,the Stiftung-funded Africa Climate Mobility Initiative presents a report showing which regions in Africa are particularly affected.This is becaus
151、e most migrants will stay within their country or move to adjacent regions.In this way,local politicians have some hard facts to help them prepare for“climate mobility.”This concept is mentioned for the first time in the 27th climate Kateryna Pysarevych came from Kyiv to Hanau in 2018.A Facebook gro
152、up helped her learn a lot about Germany.The Stiftung helps people,like this womanin Niger,to make their land fertileagain as well as to make their voices heard in international climate negotiations.The Bosch GroupConsolidated financial statementsGroup management report Additional information29Annual
153、 report 2022Robert Bosch StiftungOn a study trip to Bavaria,some 40international fellows of the Robert Bosch Academy found out how the climate crisis is affecting the Alpine environment.change conferences final communiqu a diplomatic success andan important step toward a solution.International fello
154、ws discuss climate crisis and the energy transitionOn a study trip as part of the Richard von Weizscker Forum,a group of international fellows of the Robert BoschAcademy study the effects of the climate crisis intheAlpine region.Each of the fellows is a leading authority in their respective subject
155、area,and during theirstay at the academy they study subjects of future importance outside their regular areas of responsibil-ityandengage in dialog with decision makers.In the Bavarian Alps,the fellows hear from policymakers and representatives of business,science,and civil society howclimate change
156、 is changing lives and society,and discuss a global energy transition.The fellow Samantha Gross,a U.S.energy-policy expert,sums it up as follows:“The world is not going to solve the problem of climate change by assuming that less energy consumption is theway ahead.This approach will only lead to an
157、unjust,inequitable transformation process.We must find ways tomake the energy transition a just one.”Healthcare88.10Global issues24.76Education10.62Interdisciplinary funding25.44Funding 2022Figures in millions of eurosG01148.93The Bosch GroupConsolidated financial statementsGroup management report A
158、dditional information30Annual report 2022Robert Bosch StiftungAnnual report 2022The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationGroup management report Annual report 202231Group management reportof Robert Bosch GmbHas of December 31,2022The Bosch GroupRober
159、t Bosch StiftungConsolidated financial statementsAdditional informationAnnual report 202232Group management report 35Fundamental information about the group35The group36Organization and competitive environment37Corporate governance38Description of business sectors38Mobility Solutions business sector
160、41Industrial Technology business sector42Consumer Goods business sector42Energy and Building Technology business sector43Selected companies not allocated tobusiness sectors45Prospects for the Bosch Group45Fundamental strategic orientation and objectives46Ample opportunities 49Strategy and innovation
161、49Group-wide topics54Mobility Solutions62Industrial Technology66Consumer Goods70Energy and Building Technology73Selected companies not allocated tobusiness sectors75Report on economic position76Key performance indicators77Macroeconomic and sector-specific environment79Business developments79Developm
162、ent of sales82Results of operations87Net assets and financial position90Liquidity90Non-financial indicators91Headcount 93Outlook93Macroeconomic and sector-specific environment95Bosch Group and business sectors95Sales forecast95Result forecast95Expectation for NWC96Report on opportunities and risks 9
163、6Opportunities96Risk report96Risk management system97Overall risk assessment97Risk assessment on the basis of the risk management system102Risks pursuant to the compliance management system103Legal risksThe Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationAnnual
164、 report 202233Group management report The Bosch Group rose well to the considerable,and at times unexpected,challenges of2022.With an increase of 12.0percent,sales considerably exceeded expected growth.At4.3percent,the EBIT margin from operations was higher than forecast.Yet in addition tothe ongoin
165、g coronavirus pandemic and chip shortages,the 2022 business year presented considerable extra burdens for the Bosch Group in connection with the war in Ukraine.Theseinclude the sharp rise in raw materials and energy prices and the phasing out of all buta few residual business activities in Russia.No
166、netheless,all business sectors were able toincrease their sales and post a positive result for 2022.At the same time,many strategic projects were driven forward,with considerable upfront investments being made in them.Inaddition,the new board of management formed at the beginning of 2022 worked inte
167、nsively to further refine the long-term strategy and organization in light of changes in the market,some of them far-reaching.The focal points are growing electrification in many areas in response to tougher measures to reduce climate change,as well as an even broader inter-national footprint.On top
168、 of this,our digitalization and sustainability strategy is being further refined and the company made more robust.One major project is the reorganization of the Mobility Solutions business sector to better address future market,customer,and technology requirements.The 2023 business year is expected
169、to be very challenging as well.We expect the growth ofglobal economic output to slow further.Nonetheless,our goal is to increase Bosch Group sales and to achieve a better EBIT margin from operations than in 2022,while at the same time further developing and rigorously implementing our strategy.The B
170、osch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationAnnual report 202234Group management report Fundamental information about the groupThe groupThe Bosch Group is a global supplier of technology and ser-vices,and generates roughly half its sales outside Europe.The g
171、roup encompasses around 470 fully consolidated sub-sidiaries and regional companies in more than 60 countries.The parent company is Robert Bosch GmbH,which is head-quartered in Stuttgart,Germany.It started out as“Work-shop for Precision Mechanics and Electrical Engineering,”founded in Stuttgart in 1
172、886 by Robert Bosch(18611942).Robert Bosch Stiftung GmbH has been the majority share-holder in Robert Bosch GmbH since 1964.Despite holding roughly 94percent of the share capital of Robert Bosch GmbH,the not-for-profit foundation Robert Bosch Stiftung GmbH has no influence on the strategic or busine
173、ss orientation of the Bosch Group.A further roughly 5percent of the share capital is held by the not-for-profit ERBO II GmbH,established by the founders descendants,and 1percent by Robert Bosch GmbH itself.Of the voting rights,some 93percent are held by Robert Bosch Industrie-treuhand KG,an industri
174、al trust,which performs the entre-preneurial ownership functions.The trust itself holds a cap-ital share of 0.01percent.The approximately 7percent of voting rights remaining are held by the founders descen-dants.This ownership structure guarantees the Bosch Groups entrepreneurial independence.G02Sha
175、reholders of Robert Bosch GmbHShareholding5%ERBO II GmbH/Bosch family1%Robert Bosch GmbH94%Robert Bosch Stiftung GmbHG03Shareholders of Robert Bosch GmbHVoting rights7%Bosch family93%Robert Bosch Industrie-treuhand KGThe Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional inf
176、ormationAnnual report 202235Group management report Fundamental information about the groupOrganization and competitive environmentWith a workforce of more than 420,000 associates world-wide,the Bosch Group is divided into four business sectors:Mobility Solutions,Industrial Technology,Consumer Goods
177、,and Energy and Building Technology.Reporting is seg-mented in the same way.The groups business activities are shaped by general trends such as increasing electrification,growing digitalization and connectivity,the considerably in-creased importance of sustainability especially of climate action as
178、well as intense global competition.Nonetheless,the business sectors markets and competitive environments vary,in some cases considerably.In the case of Mobility Solutions,the Bosch Group has long competed mainly with a small number of major automotive suppliers.Its chief customers have been globally
179、 operating automakers and major regional producers.However,this market is changing due to increasing electrification,automa-tion,connectivity,and multimodal mobility,as well as to a rise in the significance and value of software in vehicles.The integration of electronics and software into vehicles,a
180、s well as growing complexity,are having an impact on vehicle archi-tectures.In this context,customers in the automotive indus-try often no longer buy hardware and software as a single package,but independently of each other.At the same time,they expect software to combine and integrate functions tha
181、t were previously separate.At present,vehicle architec-tures focus on what can be offered in the car.In the future,however,there will also be a stronger focus on hardware and software outside the vehicle,with the cloud also playing a central role.This will enable software updates throughout the vehi
182、cle life cycle and scaling of applications in other mar-kets.The result is shorter time-to-market,end-to-end archi-tectures,and hardware-agnostic software and services.It also means that new business models will arise.The com-plexity involved in operating systems for vehicles means that many automak
183、ers seek support from software providers in the automotive segment.These trends make the market attractive for additional sup-pliers,including suppliers from industries such as consumer electronics,semiconductors,and the services and internet sector,as well as for the providers of mobility platforms
184、.In addition,automakers are looking to increase the value they generate themselves in the promising areas of electronics,software,and electromobility.Other important factors for our business are the significant decline in the proportion of diesel-powered passenger cars in the key European and Indian
185、 markets and the increasingly stringent statutory stan-dards that combustion engines have to satisfy,which vary greatly from region to region.Within Industrial Technology,the Drive and Control Tech-nology division supplies hydraulics and factory automation components and systems in fairly fragmented
186、 markets with many competitors and customers.The nature of these com-petitors and customers is changing as a result of trends suchas electrification,of the inroads being made by digital solutions,and of market consolidation in areas such as hydraulics.In the Consumer Goods business sector,the produc
187、t solu-tions offered by the Power Tools division and the BSH Haus-gerte GmbH subsidiary align with end-user and consumer requirements.These solutions compete with those from both global and regional providers.In mid-2022,the extra-ordinary boom in the consumer goods segment due to the coronavirus pa
188、ndemic,particularly in Europe and especially among private customers,came to an end.Even before the coronavirus pandemic,there was growing evidence of a The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationAnnual report 202236Group management report Fundamental
189、information about the groupglobal shift from traditional brick-and-mortar retail to online commerce.This trend has been reinforced by the pandemic,even though traditional retail is currently regaining ground.In Energy and Building Technology,the Building Technolo-gies and Thermotechnology divisions
190、compete with a small number of international suppliers and many regional ones.Moreover,the different domains that make up energy and building technology are converging.One key growth market,especially in Europe,is heat pumps as a replacement for cur-rent fossil-fuel technologies.This development is
191、receiving government support in the form of subsidy programs,such as those in Germany and Italy.This trend is gaining additional momentum from increases in the price of fossil fuels owing to the war in Ukraine.The Bosch Global Service Solutions division offers its services in a fragmented market fea
192、turing both large international rivals and smaller local providers.Corporate governanceThe members of the board of management of Robert Bosch GmbH define the strategy for the entire company and lead the company as a whole.Their responsibilities are set out in the board of management organization cha
193、rt.With the start of the 2022 business year,the board of management was reduced to six members in the context of a generational change.At the beginning of 2023,Tanja Rueckert joined the board of management,making the role of chief digital officer a firm part of the boards responsibilities.She has al
194、so as-sumed other responsibilities.In addition to his role as chief financial officer,Markus Forschner has also been respon-sible for the Industrial Technology business sector since thebeginning of 2023;Rolf Najork,who was previously re-sponsible for this business sector,left the board as planned at
195、 the end of 2022.The Robert Bosch GmbH supervisory board appoints,moni-tors,and advises the board of management.In making ap-pointments to the supervisory board,Robert Bosch GmbH issubject to the German“Mitbestimmungsgesetz”(Codeter-mination Act).In view of the companys size,the supervisory board ha
196、s 20 members.Ten members are appointed by the shareholders with voting rights;the other ten members are elected by the employee representatives.The industrial trust Robert Bosch Industrietreuhand KG acts as a shareholder.In line with the mission handed down in the will of the compa-nys founder,Rober
197、t Bosch,the trust is responsible for safe-guarding the companys long-term existence and in particu-lar its financial independence.The aim is to guarantee that the company remains entrepreneurially independent and able to act at all times.Under German law,the supervisory board of a company sub-ject t
198、o codetermination must set targets for the proportion of women in management positions.In December 2021,the supervisory board of Robert Bosch GmbH set Robert Bosch GmbH corresponding targets,which are to be met by the end of 2025.These are 30.0percent on the supervisory board and 16.67percent on the
199、 board of management of Robert Bosch GmbH(this equates to one woman among the board of managements six members).As of December 31,2022,six of the 20 members of the supervisory board of Robert Bosch GmbH were women.Women thus account for 30.0per-cent.Since January 1,2023,there have been two women ont
200、he board of management of Robert Bosch GmbH in the persons of Filiz Albrecht and Tanja Rueckert,resulting in a 33.3percent proportion of women among the board of man-agements six members.The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationAnnual report 202237Gr
201、oup management report Fundamental information about the groupIn December 2021,the board of management of Robert Bosch GmbH adopted specific targets for the proportion of women on the two management levels below the board of management.These targets apply to Robert Bosch GmbH in Germany.They are 10.0
202、percent for the proportion of women on the first management level and 17.0percent on the sec-ond management level.The deadline for achieving both tar-gets was set as December 31,2025.At the end of 2022,the proportion had reached 9.7percent on the first management level and 14.6percent on the second
203、management level.In addition,subsidiaries in Germany that are subject to stat-utory codetermination set their own targets for the propor-tion of women on their respective supervisory boards,man-agement bodies,and first two management levels,as well as a deadline for achieving them.Globally,the share
204、 of women executives across all management levels within the group rose to 19.2percent in 2022(previous year:18.4percent).We intend to keep on increasing thispercentage.At present,our aim is 25percent,which we intend to reach by 2030.Description of business sectorsMobility Solutions business sectorA
205、s a supplier of original automotive equipment,Bosch is en-gaged in a wide range of activities organized into six divisions.The Mobility Solutions business sector also includes the Automotive Aftermarket and Bosch eBike Systems divisions.Further activities involve two-wheelers,commercial as well as o
206、ff-highway vehicles,and engineering and software ser-vices.The business sector is in the process of being reorga-nized.We want to announce this at some point in 2023 and the reorganization to take effect on January 1,2024.G04Bosch Group business sectors(divisions)Mobility SolutionsIndustrial Technol
207、ogyConsumer GoodsEnergy and Building TechnologyPowertrain SolutionsDrive and Control Technology1Power ToolsBuilding TechnologiesChassis Systems ControlBSH Hausgerte GmbHThermotechnologyElectrical DrivesBosch Global Service SolutionsCross-Domain Computing SolutionsAutomotive ElectronicsAutomotive Aft
208、ermarketAutomotive SteeringBosch eBike Systems1.Bosch Rexroth AG(100%Bosch-owned)The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationAnnual report 202238Group management report Fundamental information about the groupPowertrain SolutionsThe Powertrain Solutions
209、division offers products and solu-tions for powertrain technology for passenger cars and com-mercial vehicles including off-highway vehicles:from gaso-line and diesel direct injection to electrified powertrains with battery systems and fuel-cell technologies.Where combustion engines are concerned,th
210、e divisions portfolio comprises solutions and systems based on diesel,gasoline,natural gas,ethanol,hydrogen,and synthetic fuels.Thesein-clude engine management systems,fuel supply modules,fuel injectors and pumps,ignition systems,exhaust-gas treatment systems,and sensors.In the area of electromobili
211、ty,the product portfolio includes solutions for both passenger cars and commercial vehicles:components and systems for gasoline and diesel hybrid vehicles,for all-electric vehicles,and for vehicles with fuel-cell powertrains.Products range from electric motors,power electronics,battery systems such
212、as the 48-volt battery,and transmission technology to complete e-axles.These compact units comprise electric motor,power elec-tronics,and transmission.For fuel cells,Powertrain Solu-tions offers individual components such as electric air compressors,hydrogen injectors,tank valves,control units,and s
213、ensors as well as stacks and complete power mod-ules.It also offers hydrogen injectors,pressure regulators,and tank valves for hydrogen engines and tank systems.Chassis Systems ControlThe Chassis Systems Control division develops,produces,and sells brake systems,occupant protection systems,and vehic
214、le dynamics sensors.Its brake systems include vacuum-based(conventional)and vacuum-independent brake boost-ers(iBoosters and decoupled power brakes),braking con-trol systems(ABS,ESP),and combined systems(integrated power brakes),as well as actuators for brake-by-wire sys-tems.Vacuum-free brake boost
215、ers,integrated power brakes,and by-wire actuators are also grouped together as“new brake systems.”Among other things,these systems support the major mobility trends of electrified and automated driv-ing and new by-wire architectures.The divisions occupant protection systems encompass airbag control
216、units and the associated crash sensor technology.Its vehicle dynamics sensors include the sensors that provide vehicle-related sig-nals as input to active safety systems.In addition,the Brake Components business unit(Buderus Guss GmbH,Breiden-bach,Germany)supplies brake discs for passenger cars.Elec
217、trical DrivesThe Electrical Drives division offers a wide range of electro-mechanical components and systems.It also has an exten-sive portfolio of components and systems for thermal man-agement in vehicles featuring powertrains of all kinds.This portfolio consists of products for cooling and refrig
218、erant circuits,including the associated control software,as well as powerful servomotors for ABS and ESP,drives for e-bikes and e-scooters,and applications for powertrain electrifica-tion.The product portfolio also covers wiper systems,in-cluding wiper blades,and a wide range of motors and drive sys
219、tems for convenience features such as window lifters,seat adjustment,and sunroofs.The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationAnnual report 202239Group management report Fundamental information about the groupCross-Domain Computing SolutionsWith its Cro
220、ss-Domain Computing Solutions division,Bosch is responding to the changing requirements in the automo-tive sectors rapidly growing market for software-intensive electronic systems.Instead of many individual control units,the electric/electronic architecture is evolving into a cross-domain,centralize
221、d architecture featuring a small number of vehicle computers,which are nonetheless very powerful.Since January 2021,the division has pooled Boschs soft-ware and electronics expertise in this field.It is responsible for hardware and software for vehicle computers,sensors,and control units for numerou
222、s automotive applications such as driver assistance,automated driving and parking,and infotainment.Automotive ElectronicsThe Automotive Electronics division is an in-house manufac-turing and engineering service provider for electronic control units and semiconductors(integrated circuits and sensors)
223、.At the same time,it manufactures semiconductor products and sensors for the external market.Its semiconductors forautomotive applications range from application-specific integrated circuits to power semiconductors and MEMS(microelectromechanical systems)sensors.In consumer electronics,Bosch Sensort
224、ec GmbH,based in Kusterdingen,Germany,supplies MEMS sensors for a diverse range of applications.Automotive AftermarketAutomotive Aftermarket provides the aftermarket and repair shops with technology and solutions related to workshop processes,automotive diagnosis,and repairs,as well as a range of sp
225、are parts for vehicles from new and remanufac-tured exchange parts to repair solutions.Its portfolio con-sists of Bosch original-equipment products,as well as after-market-specific products and services,which it either makes itself or sources externally.In addition,the division provides testing and
226、repair-shop technology,diagnostics software,service training,and technical information and services such as repair-shop management systems in connection with re-gional marketplaces and digital catalogues.It is also respon-sible for the concept behind the independent repair-shop franchises Bosch Car
227、Service and AutoCrew.Automotive SteeringAutomotive Steering develops,manufactures,and sells steering systems including steering columns for passenger cars and commercial vehicles.For passenger cars,the prod-uct portfolio primarily includes electric power steering sys-tems,which are a key technology
228、for partially and highly au-tomated driving.For commercial vehicles,electrohydraulic steering systems are increasingly taking over from hydraulic ones.Electric power steering systems are also being devel-oped for commercial vehicles due to their key role in partially and highly automated driving.Bos
229、ch eBike SystemsThe Bosch eBike Systems portfolio ranges from complete drive systems for pedelecs with batteries to control units and digital solutions,and from an ABS to services for spe-cialist bicycle dealers.Other businessesFor two-wheelers,three-wheelers,and powersports vehi-cles,the Two-Wheele
230、r and Powersports business unit offers assistance systems such as ABS,radar-based assis-tance systems such as adaptive cruise control,the motor-cycle stability control system,powertrain technology,display instruments,and connectivity solutions.The cross-divisional unit can draw on the products and r
231、esources of the Mobility Solutions business sector.The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationAnnual report 202240Group management report Fundamental information about the groupThe subsidiary Bosch Engineering GmbH,based in Abstatt,Germany,develops a w
232、ide range of customized solutions based on tried and tested technology used in large-scale production.For example,it provides solutions for sports cars and off-highway vehicles,but also for railcars and other non-automotive applications.Boschs motor racing activities are also based at Bosch Engineer
233、ing.In addition,Bosch Engineering manages the Commercial Vehicles and Off-Road unit,which holds cross-divisional responsibility for systems development,product manage-ment,and sales for the commercial and off-highway vehicle segment.Bosch Engineering also oversees the operations of ITK Engineering G
234、mbH,based in Rlzheim,Germany.The latter complements Bosch Engineerings services by offer-ing customized and bespoke systems-and software-devel-opment services under its own brand,with engineering operations separate from Bosch.The portfolio of the subsidiary ETAS GmbH includes basic vehicle software
235、,middleware,development tools,cloud-based services,cybersecurity solutions,and end-to-end en-gineering and consulting services for making the software-defined vehicle a reality.With its product solutions and services,ETAS enables automakers and suppliers to de-velop,operate,and secure one-of-a-kind
236、vehicle software.Industrial Technology business sectorThe Industrial Technology business sector comprises the Drive and Control Technology division,the Bosch Manufac-turing Solutions unit,which primarily provides in-house assembly services,and the Bosch Connected Industry business unit.Drive and Con
237、trol TechnologyOur subsidiary Bosch Rexroth AG,based in Lohr am Main,Germany,specializes in drive and control technologies for efficient and powerful movement in machines and systems of any type and size.The company combines global applica-tion experience in the market segments of mobile machin-ery,
238、plant construction and engineering,and factory auto-mation.With intelligent components,customized systems solutions,and services,Bosch Rexroth creates the neces-sary environment for applications with full connectivity.The division offers its customers hydraulics,electric drives and controls,gear tec
239、hnology,and linear motion and assembly technology,including software and interfaces to the internet of things(IoT).Other businessesRobert Bosch Manufacturing Solutions GmbH,a pro-vider of automation and assembly solutions based in Stutt-gart,Germany,develops customized and intelligent plans for asse
240、mbly and testing.These include manufacturing pro-cesses and technologies as well as digital and intelligent solutions and services along the entire product life cycle.The Bosch Connected Industry business unit is also part of the Industrial Technology business sector.It develops software solutions f
241、or internal and external customers with a focus on Industry 4.0.The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationAnnual report 202241Group management report Fundamental information about the groupConsumer Goods business sectorThe Consumer Goods business sect
242、or comprises two divisions.Power ToolsRobert Bosch Power Tools GmbH,based in Leinfelden-Echterdingen,Germany,is a supplier of power tools,garden tools,power-tool accessories,and measuring technology.The divisions extensive product range is aimed at both pro-fessional users in trade and industry and
243、the DIY market.Its range of accessories includes above all abrasive systems,drill bits,and saw blades,which are sold globally under the Bosch brand and regionally and segment-specifically under brands such as Diablo,sia abrasives,and Freud.Precision rotary tools for DIY customers are also sold under
244、 the Dremel brand.BSH Hausgerte GmbHThe home-appliance manufacturer BSH Hausgerte GmbH,based in Munich,Germany,has a product portfolio that ranges from washing machines and tumble dryers through refrigerators and freezers,ovens,cooktops,extractor hoods,and dishwashers,to small appliances such as vac
245、uum clean-ers,automatic coffee makers,and food processors.It also includes a new product category a sink solution under the Solitaire brand.The home-appliance specialist sells its products under the global Bosch,Siemens(under license),Gaggenau,and Neff brands,as well as local brands such as Balay in
246、 Spain and Thermador in the United States.In addi-tion,there are the Home Connect brand for the BSH eco-system in the connected kitchen and various service brands,including BlueMovement and Kitchen Stories.Energy and Building Technology business sectorAs well as the Building Technologies,Thermotechn
247、ology,and Bosch Global Service Solutions divisions,the Energy and Building Technology business sector includes the Robert Bosch Smart Home unit.Building TechnologiesThe Building Technologies division has two areas of busi-ness:its global product business for security and communi-cations solutions,an
248、d its regional systems integration busi-ness.The latter offers solutions and customized services forbuilding security,energy efficiency,and building auto-mation in selected countries.Both units focus on commer-cial buildings and infrastructure projects.The product port-folio encompasses video-survei
249、llance,intrusion-detection,fire-detection,and voice-alarm systems,as well as access-control and professional audio and conference systems.ThermotechnologyThe Thermotechnology division offers its customers a wide range of products for heating and air conditioning,increas-ingly based on non-fossil fue
250、ls.In the Well-Being business unit,we offer products such as air purifiers that help en-hance residents quality of life.The division also provides connected energy management and water heating for resi-dential buildings,and is active in the business of construct-ing plants for commercial and industr
251、ial steam and hot-water generation,heating,and air conditioning.Its portfolio thus includes heat pumps,hybrid systems,condensing boiler technology,air-conditioning systems,ventilation equipment,air purifiers,solar thermal systems,combined heat and power generation,and industrial boilers.The division
252、s prod-ucts are sold under international and regional brand names such as Bosch,Buderus,Vulcano,and Worcester.The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationAnnual report 202242Group management report Fundamental information about the groupBosch Global Ser
253、vice SolutionsThe Bosch Global Service Solutions division provides tech-nology-based services primarily for customers in the auto-motive,financial services,logistics,and pharmaceuticals industries.In communications technology,it also offers ser-vices such as emergency-call and monitoring services.Ot
254、her businessesBased in Stuttgart,Germany,Robert Bosch Smart Home GmbH offers web-enabled products for the home.They in-clude applications for optimizing indoor climate,improving convenience,and,on the basis of a portfolio of devices such as connected cameras,thermostats,smoke alarms,shutter controls
255、,and access systems,enhancing security.Selected companies not allocated tobusiness sectorsThe subsidiary Bosch Healthcare Solutions GmbH,based in Waiblingen,Germany,operates in the medical technology sector,supplying sensors,software,and services.Its prod-uct range includes equipment and software so
256、lutions for decentralized laboratory diagnostics and the diagnosis of respiratory conditions.The subsidiary grow platform GmbH,based in Ludwigs-burg,Germany,offers a platform within the Bosch Group for developing and implementing new business models and incubating in-house startups,supporting them w
257、ith busi-ness know-how in areas such as strategy,organization,con-trolling,human resources,infrastructure,marketing,and methods.Through Robert Bosch Venture Capital GmbH,based in Gerlingen,Germany,we invest worldwide in technologies with future potential,such as the internet of things,artificial int
258、elligence,and future computer architectures.The com-pany provides capital for startups and industry-specific ven-ture capital funds in Europe,the U.S.,Israel,and China.Its“Open Bosch”program also fosters Boschs collaboration with third-party startups.The Bosch GroupRobert Bosch StiftungConsolidated
259、financial statementsAdditional informationAnnual report 202243Group management report Fundamental information about the groupAnnual report 2022The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationGroup management report44Prospects for the Bosch GroupFundamental
260、strategic orientation and objectivesThe new board of management,which was formed at the be-ginning of 2022,is working intensively on a new iteration of group strategy that,in light of changing marketplace condi-tions and the resulting opportunities and risks,will put the Bosch Group on track for end
261、uring success.The starting point for our goals and strategies remains the objective of securing the companys future as enshrined in the will of the companys founder Robert Bosch in other words,ensuring the companys strong development and securing its financial independence.Our long-term ambition is
262、to continue offer-ing products that are“Invented for life”products that fasci-nate,that improve quality of life,and that help conserve natural resources.In this respect,“products”are not only physical products and services,but also the software-based solutions and services that go with them.Against
263、this backdrop,we aim to position the Bosch Group as a leading technology company.We want this aspiration to be reflected in our financial targets as well.With regard to sales,our aim is average annual growth of 6 to 8percent be-tween now and 2030,given normal inflation rates of 2 to 3percent.In this
264、 context,we take our lead from the Euro-pean Central Banks medium-term inflation target of 2per-cent.A further strategic goal is to achieve stronger growth in emerging markets such as India,ASEAN,and Africa,but also in North America,where in terms of our share in the market we can reach we have not
265、yet exhausted our market poten-tial.We intend to grow by innovating and by opening up new markets,but also by acquiring companies and entering into partnerships.In our existing businesses,we aim to achieve an overall EBIT margin from operations of at least 7 to 7.5per-cent;we want the expansion of a
266、djacent and new high-margin areas of business to increase this margin in the future.These plans require active portfolio management with a view to both acquisitions and divestments.As a rule,however,we will maintain our broad footprint across diverse business fields.In addition,we will continue our
267、performance pro-gram aimed at increasing EBIT margin.This program ad-dresses all business sectors as well as the corporate and service units.To improve their enduring competitiveness,the divisions have used benchmarks to formulate measures for tackling the most important cost categories,and are im-p
268、lementing them.Target budgets have been set for the con-tribution that corporate departments and service units make to result.In the 2022 business year,we began to reorganize the corporate Global Business Services unit in western Europe as well.Service functions are being pooled with a stronger regi
269、onal focus and job profiles adapted to new re-quirements.This will make it possible to standardize pro-cesses faster,sustainably reduce complexity,expand digita-lization,and continuously make better use of synergy effects.The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditiona
270、l informationAnnual report 202245Group management report Prospects for the Bosch GroupAmple opportunities Multiple strategic analyses in the 2022 business year con-firmed the presence of considerable growth opportunities in existing areas as well as in adjacent and new areas.The fun-damental conditi
271、on for entering new fields is that the activi-ties be compatible with our skills and expertise.Specifically,these are commercialization and high-quality volume pro-duction,broad domain and industry knowledge,as well as technological expertise,also in complex and intelligent sys-tems such as electron
272、ic and electromechanical systems with embedded software.Future developments will con-tinue to be driven by the trends of connectivity,electrifica-tion,energy efficiency,automation,and emerging markets,which we associate with our“Invented for life”ethos.Electrification is of particular importance for
273、 Mobility Solu-tions,our biggest business sector.Emissions standards aimed at complying with climate targets and improving urban air quality are reinforcing the trend toward electrification and electromobility,along with customers desire for driving enjoyment.In our Industrial Technology business se
274、ctor,the new solutions arising from the increasing convergence of electrical and hydraulic systems are presenting us with op-portunities.In building technology,especially in heating and air-conditioning,the use of heat pumps and renewables is growing strongly in importance,and this is presenting mar
275、-ket opportunities.In Europe in particular,the switch from fossil fuels to renewables is being driven by the sharp rise in energy prices in 2022,as well as by subsidy programs.In addition to its significance for the Industrial Technology and Energy and Building Technology business sectors,auto-matio
276、n affects the Mobility Solutions business sector in par-ticular.Here,we expect strong market growth in partially and highly automated driving.Where industrial technology is concerned,many opportunities are arising from the increas-ing flexibility of production and more widespread connectiv-ity.This
277、offers additional ways of enhancing product quality and productivity,adding functionality,and saving energy.It also opens up potential for services such as remote predic-tive maintenance.In the Consumer Goods and Energy and Building Technology business sectors as well,connectivity and increasingly s
278、mart products are creating additional potential for growth as a result of new services such as maintenance.In view of our expertise in many product areas and our know-how in software and sensor technology,we believe this of-fers huge potential for the development of Boschs business operations over t
279、he long term,also attuned to differing cus-tomer needs in different regions.We are also relying on our proficiency in the areas of connectivity and artificial intelli-gence,which we view as fundamental for the design of intel-ligent and user-friendly products,services,and processes.In general,we bel
280、ieve that sustainably manufactured prod-ucts offer prospects for future market success.In the emerg-ing markets of Asia,South America,central and eastern Europe,and Africa,which are home to much of the worlds population,we want to expand our presence in sales and manufacturing operations.In these re
281、gions,there is fre-quently a demand for affordable products ones that meet the special requirements of the local market with regard to peoples lifestyles,robustness,and ease of repair.The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationAnnual report 202246Group
282、 management report Prospects for the Bosch GroupAccordingly,we have either expanded our portfolio or done a lot of groundwork for such an expansion.Examples in our existing business include the eLION program for the elec-tronification and electrification of hydraulics in the Drive and Control Techno
283、logy division,the major expansion in electric heat pumps in the Thermotechnology division,and the ex-pansion of the integrator business in Europe and North America in the Building Technologies division.BSH Haus-gertes range cooker is an example of the expansion of activ-ities in emerging markets.Thi
284、s stove is designed to meet the needs of emerging markets with its variety of cooktops and spacious oven.Growth areas in the Mobility Solutions busi-ness sector include components and systems in electro-mobility and the driver assistance systems on offer.Further growth areas include semiconductors a
285、nd the hydrogen economy,whether in the field of fuel cells or of electrolysis.We are also looking at activities related to factory automa-tion and air conditioning,as well as at additional customer segments in the area of power tools and the expansion of our medical technology activities.When puttin
286、g our strategy into practice,we continue to build on our high level of innovativeness also in terms of our re-search and development spending on quality,on our broad diversification and global presence,and on the Bosch cul-ture.Our actions are based on the Bosch values:future and result focus,respon
287、sibility and sustainability,initiative and determination,openness and trust,fairness,reliability and credibility,legality,and diversity.The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationAnnual report 202247Group management report Prospects for the Bosch Group
288、Annual report 2022The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationGroup management report48Strategy and innovationGroup-wide topicsDigitalization strategyWe are systematically digitalizing our products in our core business,primarily in order to enhance cust
289、omer benefit.And with connected solutions,we also aim to generate addi-tional services-based revenue and to increase efficiency.By“connected solutions,”we mean various combinations of hardware and software,as well as services.It is in pursuit of these goals that we are working to further develop our
290、 digita-lization strategy.We recently made digitalization issues a board of management responsibility,which underscores the importance we attach to this subject.Essentially,digitaliza-tion is about five key areas:fascinating our users and cus-tomers with customer-centric solutions,unlocking business
291、 potential through software and services,creating additional value by setting up digital ecosystems with partners,making Bosch faster and more efficient,and developing our asso-ciates and empowering digital talent.One core element forimplementing our strategy is harnessing the power of artificial in
292、telligence with respect to connected,internal processes such as development,production,logistics,and administration,as well as for the expansion of third-party business with digital solutions.To this end,we still need to broaden knowledge within the company of the opportunities and requirements of d
293、igital business.To make our progress transparent,we are working to define new business-specific metrics.These metrics may be things such as software sales,sales from e-commerce and digital services,or cost savings due to digital solutions.The new metrics build on the indicators we have used in recen
294、t years for tracking purposes.For example,we have tracked the growth of expertise in making our electronic product classes web-enabled.In addition,we are working on the organizational setup of our digitalization activities.At the beginning of 2023,we merged corporate IT and our Bosch.IO unit to form
295、 a new in-house unit,Bosch Digital.It employs a total of around 9,000 associ-ates.Its goal is to provide benchmark-level,scalable,and competitive IT and software solutions for Boschs internal customers.We have already been able to achieve significant savings here since 2020 by renegotiating licenses
296、,making structural adjustments,and improving efficiency.In this respect,increasing the proportion of activities in low-cost locations has also played a role,for instance through the transfer of the Bosch IoT Suite to Sofia,Bulgaria.For organi-zation purposes,the Bosch Center for Artificial Intellige
297、nce was incorporated into our research sector in 2022.A key part of the digital transformation in the company is the introduc-tion of SAP S/4 HANA.The first go-live took place in Poland in July 2022,with further rollouts to follow over the next fewyears.We are also working intensively to build up ad
298、ditional digita-lization expertise among executives and specialists.To do this,we are using extensive training measures,especially in-ternal online training courses.We have created the Bosch Club,a global platform for independent,informal learning by associates for associates,and are expanding our c
299、ollabo-ration with e-university providers.Attractive career paths for software professionals are equally important.Following widespread implementation in the Cross-Domain Comput-ing Solutions division,we are rolling out these programs in other divisions.The Bosch GroupRobert Bosch StiftungConsolidat
300、ed financial statementsAdditional informationAnnual report 202249Group management report Prospects for the Bosch GroupSustainabilityFor Bosch,sustainability is the balance between the eco-nomic,ecological,and social elements of our business activ-ities as part of responsible corporate governance.Her
301、e,we are increasingly going beyond our direct sphere of influence to include supply chains and use of products sold.We want to play a leading part in climate action.In terms of our own value creation,our strategy for this comprises four levers:improving energy efficiency,generating more power in-hou
302、se from renewables(new clean power),procuring more green electricity(from renewable sources),and as a final option offsetting unavoidable carbon emissions.With its more than 400 locations worldwide,the Bosch Group has been carbon neutral in its business operations in both Scope 1(direct emissions)an
303、d Scope 2(procured power)since 2020.Our goal is to continuously optimize the above-mentioned mix of measures so as to further reduce the burden on the climate.In the 2022 business year,we reduced the propor-tion of offsets needed to achieve carbon neutrality,among other things by further expanding r
304、enewable power genera-tion(new clean power)at our locations.In addition,we are sourcing green electricity for our locations in more and more countries.In 2022,for example,we switched our supply con-tracts in Turkey and Brazil completely to green power,as we did in Thailand and Vietnam,where we had p
305、reviously used only gray power(electricity from fossil fuels).We are also broadening the focus of our activities and aiming to reduce Scope 3 emissions emissions that occur outside Boschs direct sphere of influence,such as those generated at suppliers,in logistics,or in product use.For 2030,our aim
306、is to cut these upstream and downstream carbon emissions by 15percent compared to the absolute figure for emissions in the baseline year of 2018.Like our targets for Scope 1 and Scope 2,this target was reviewed and endorsed by the Science Based Targets initiative(SBTi)for the 1.5-degree pathway.We w
307、ere the first automotive supplier to be granted“targets set”status.The target we have set for Scope 3 emis-sions is intentionally a very ambitious one,as these upstream and downstream emissions are many times greater than those from Scope 1 and 2.Moreover,we made the target in-dependent of sales gro
308、wth,so that the reduction target will increase as the company grows.In the area of the circular economy,moreover,we want to make our products more sustainable across their entire life cycle from procurement and manufacturing,through use,return,and remanufacturing,to recycling and reuse.In doing so,w
309、e aim to reduce the amount of material used in our prod-ucts,as well as their carbon footprint.One aim is to create a circular economy either directly within Bosch or outside our company as part of established recycling flows.One exam-ple of this is the use of recycled plastics in power tools and ho
310、me appliances.In 2023,the Act on Corporate Due Diligence Obligations in Supply Chains(“Lieferkettensorgfaltspflichtengesetz”)will come into effect in Germany.It aims to improve the inter-national human rights situation by setting requirements for the responsible management of supply chains and compa
311、-nies own business activities.Bosch has prepared for the im-plementation of the new regulations,adjusting processes and responsibilities accordingly as part of a new manage-ment system.The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationAnnual report 202250Grou
312、p management report Prospects for the Bosch GroupBosch also places great importance on occupational safety.We see preventing accidents and ensuring workplace safety as part of our responsibility.By 2025,we want to reduce the number of workplace accidents to 1.45 per 1million hours worked.RobustnessT
313、he crises of the past few years have underscored the impor-tance of robust supply chains.The Covid-19 pandemic pre-sented us with major challenges in this respect.Over the course of 2022,the rate of coronavirus infections subsided in many regions,and when infections did occur,they were less severe.T
314、his meant we could relax or lift hygiene measures and rules of conduct at Bosch as well.In light of these devel-opments,the task force we formed in 2020 was dissolved in mid-2022.The wide-ranging reporting tools,which provided up-to-date information on how the pandemic was developing in the various
315、countries,on cases of the virus at Bosch,on capacity utilization at the plants,and on safeguarding sup-plies to customers,have been discontinued for now,but can be reactivated if necessary.That said,China was affected by sharply rising infection rates in the second half of 2022.This impacted our ass
316、ociates as well,some of whom worked from home for long periods of time or lived in our factories and were provided for there.By the end of 2022,most had recovered from the infection and returned to their jobs.Semiconductor shortages continue to be a major challenge,particularly in the Mobility Solut
317、ions business sector,even though the situation in 2022 was better than in 2021.Here,too,we responded to the shortages early on and created several task forces as early as 2020 for areas such as pur-chasing,logistics,quality assurance,development,and cus-tomer support.These task forces focused especi
318、ally on the situation in Mobility Solutions.Our objective,together with our customers,is to limit the consequences of the bottle-necks as far as possible.In 2022,we especially pushed ahead with technical measures to make additional compo-nents available,and we are still in in-depth talks with suppli
319、-ers to secure capacity.On the manufacturing side,space that became available at short notice at our location in Reut-lingen,Germany,was converted to create a clean room.Fur-thermore,the ramp-up of our 300-millimeter wafer fab in Dresden was accelerated.Nonetheless,bottlenecks are also expected in c
320、ertain areas in 2023.Demand in the automotive segment is growing significantly faster than the semiconduc-tor market as a whole.Specifications mean that the semicon-ductor products for this segment are produced using proven technologies,yet semiconductor manufacturers invest dis-proportionately low
321、amounts in these technologies.The war in Ukraine has presented us with considerable addi-tional challenges.To coordinate the measures needed to tackle them,we put together a crisis team back in February 2022.Our main priority here is the safety of our associates.Despite the difficult circumstances,m
322、ost of our locations in Ukraine were able to resume business in the course of the year.As a result of the sanctions,most of Boschs business with Russian customers and in Russia has been interrupted or come to a standstill.Given the further exacerbation of the situation and further restrictions due t
323、o sanctions,the sup-ply shortages associated with them,and significantly more difficult access to the Russian market,we are scaling back our business in Russia to just a few residual activities.The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationAnnual report 2
324、02251Group management report Prospects for the Bosch GroupIn addition,we have had to adjust to the strained gas supply situation in Germany and other European countries.A task force was formed for this purpose as well.We have made extensive economies and also made preparations for possi-ble electric
325、ity supply shortages.In addition,we have set our-selves the task of defining measures for dealing with con-trolled power reduction,also in consultation with network operators.Given the various crises of recent years,we also made modi-fications to the corporate crisis management team,which has been p
326、roving its effectiveness since 2020.In mid-2022,we made it a firm part of the Bosch regulations.These now define the corporate duty of care and ways of minimizing crisis-related risks to result,reputation,and legality.Asso-ciated with this,they set out the responsibilities,decision-making powers,and
327、 process flows in the event of a crisis.Our goal is to ensure our ability to launch a crisis response to protect life and limb,and to minimize business risks through rapidly effective crisis management that addresses a wide range of issues:leadership in times of uncertainty,customer protection and s
328、upply chains,ability to resume operations,compliance with sanctions,pooling of skills,avoidance of duplicate effort,and crisis communication.The new guide-line follows the structure of the ISO 22361 industry stan-dard.Among other things,we have a stand-by management team consisting of the heads of t
329、he environment,health and safety,and information technology units.A team under thecompany security services authority ensures that the stand-by team is able to work at short notice in the event of acrisis,in terms of both organization and personnel.In view of the crises in recent years,we are workin
330、g on con-cepts to make our company more robust in the face of re-gional pressures.Of particular importance is securing our ability to deliver;this requires greater regional diversification of the value chain,including the establishment of additional supply sources.We also need to improve our market
331、pene-tration in countries where we still have growth potential.In particular,this means strengthening our activities in the Americas,especially the U.S.,but also in countries such as India or regions such as ASEAN and Africa.The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditi
332、onal informationAnnual report 202252Group management report Prospects for the Bosch GroupAnnual report 2022The Bosch GroupRobert Bosch StiftungConsolidated financial statementsAdditional informationGroup management report53Mobility SolutionsStrategic developmentOne key focus of the Bosch Groups futu
333、re strategic align-ment is the positioning of the Mobility Solutions business sector.The automotive industry has been in flux for quite some time.Since peaking at some 98million units in 2017,global vehicle production has been in decline.It was already down to 93million units in 2019,before the coronavirus pan-demic.Moreover,temporary factory closures in the automo-tive industry in response to the