Company: BBY
Filing Date: 2025-05-28
Form Type: PX14A6G
Source: 0001214659-25-008399
Chunk: 6

Company: BEST BUY CO INC
Filing Date: 2025-05-28
Form: PX14A6G
Chunk 6
---
uy-CDP-Climate-Survey-Final.pdf

See KPMG’s 2023 report, ”The
Impact of Climate Risk on the Financial Statements” at https://kpmg.com/us/en/articles/2023/impact-climate-risk-financial-statements.html

See C3.2 on page 13 of Best Buy’s
2023 CDP Climate Survey at https://corporate.bestbuy.com/wp-content/uploads/2024/02/2023-Best-Buy-CDP-Climate-Survey-Final.pdf

See C3.2b, C3.3, C3.4, C3.5 on pg. 14-15
at https://corporate.bestbuy.com/wp-content/uploads/2024/02/2023-Best-Buy-CDP-Climate-Survey-Final.pdf

5) Reputational Risk

| · | BBY publicly claims to be committed to the Climate Pledge to achieve net-zero carbon emissions by 2040. BBY’s targets and communication 
 strongly suggest that the Company only applies the stated target to their scope 1 and 2 emissions. That is an inaccurate interpretation 
 of the Climate Pledge which states: “Signatories commit to net-zero by 2040 across all emissions scopes.16” We                          
 find this miscommunication by BBY alarming and potentially damaging to their reputation as it might be perceived as greenwashing.       |

| · | Misalignment between a company’s public climate impact related commitments and its results could disrupt customer retention 
 as consumers increasingly seek out retailers who can demonstrate a commitment to sustainability.17                          |

Concluding Statement

We urge Best Buy to demonstrate climate leadership
and transparency by publishing a comprehensive climate transition plan. This proposal seeks to align Best Buy’s climate strategy
with global standards and investor expectations, enhance its reputation, reduce risk, and position it for long-term success in a low-carbon
economy.

We encourage a 'FOR' vote on Item No. 8.

For questions, please contact Peter Zollinger, Head
of Impact Research at Globalance Bank Ltd., peter.zollinger@globalance.com.

Disclaimer: THE FOREGOING INFORMATION MAY BE DISSEMINATED TO SHAREHOLDERS VIA TELEPHONE, U.S. MAIL, E-MAIL, CERTAIN WEBSITES AND CERTAIN SOCIAL MEDIA VENUES, AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE OR AS A SOLICITATION OF AUTHORITY TO VOTE