Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 106

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 106
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 developed programs to reduce these emissions. In the 2024 CDP reporting cycle, we reported Category 1 (Purchased Goods and Services) emissions and indicated our intention to continue refining this reporting capability to gain additional supplier-based insights. While we also report on other Scope 3 categories, our screening indicates that Categories 1 and 11 account for more than 90% of our emissions. The CRS Report also includes robust and specific information about actions we have taken to accomplish these climate-related goals. |

The objectives of the shareholder proposal and our environmental efforts are the same—reduce the carbon emissions of our operations, including all the relevant sources of carbon emissions. We believe that our measures and initiatives compare favorably with the type of action being requested by the proposal and demonstrate that we have and continue to address the proposal’s goal of reducing our greenhouse gas emissions. Given these commitments and the progress we have made, the proposal has been substantially implemented by the Company, and enacting the proponent’s proposal would be duplicative of our meaningful investments of time and resources in this area, with no meaningful incremental benefit to Best Buy or its shareholders. Accordingly, adoption of this proposal could undermine the objectives of our climate-related initiatives and duplicate the deliberate and refined efforts of our management team. Board Voting Recommendation The Board recommends that you vote AGAINSTthis proposal. IT IS INTENDED THAT, UNLESS OTHERWISE INSTRUCTED, THE SHARES REPRESENTED BY THE PROXY WILL BE VOTED “AGAINST” THE PROPOSAL TO PUBLISH CLIMATE TRANSITION PLAN TO ACHIEVE STATED GOALS.

| 106 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Other Business Management and the Board are not aware of any other item of business that will be addressed at the Meeting. If an item properly comes up for vote at the Meeting, or at any postponement or adjournment of the Meeting, that is not described in the Meeting Notice, including adjournment of the Meeting and any other matters incident to the conduct of the Meeting, the Proxy Agents will vote the shares subject to your proxy in their discretion. Discretionary authority for them to do so is contained in the proxy.

| 2025 Proxy Statement |     | 107 |

TABLE OF CONTENTS

Proposals for the Next Regular Meeting of Shareholders Any shareholder proposal intended to be presented for consideration at our 2026 Regular Meeting of Shareholders and to be included in our proxy statement for that meeting must be received by our Secretary no later than January 1