Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 104

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 104
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 seek additional information about what strategies the Company will use to meet its stated targets; Climate Transition Action Plans (“transition plans”) provide this framework. Transition plans are forward-looking, near-term sets of actions a company will take to align its GHG emissions, business strategies, and external policy engagement with achieving 1.5°C in a just and equitable manner. The following aspects of relevant transition are missing from Best Buy’s disclosures:

| • | Quantitative scenario analysis; |

| • | Complete GHG emissions disclosure including scope 3, purchased goods and services; |

| • | Measures to achieve emission reduction targets, especially in the most relevant category, scope 3, use of sold products; |

| • | Measurable quantitative climate KPIs that constitute part of management compensation; |

| • | Financial planning aligned with climate targets; |

| • | Policy engagement aligned with climate targets. |

To increase accountability, support the achievement of its targets, and demonstrate leadership, we believe Best Buy should develop a comprehensive transition plan. RESOLVED : Shareholders request that Best Buy issue a climate transition action plan, above and beyond existing disclosure, describing how it intends to align its operations and full value chain emissions with the ambition of limiting global temperature increase to 1.5 degrees Celsius in a just and equitable manner. The plan should be published at reasonable expense, exclude confidential information, and detail progress and any updates on an annual basis. SUPPORTING STATEMENT : In developing and implementing the plan, we recommend, at management’s discretion:

| • | Providing forward-looking, near-term, and quantitative strategies, metrics, and milestones for achieving the Company’s GHG emissions reduction targets across decarbonization, governance, policy advocacy, and just transition components; |

| • | Considering guidance by advisory groups such as the Transition Plan Taskforce, Task Force for Climate-Related Financial Disclosures, CDP, Climate Action 100+, and Ceres; and |

| • | Considering supporting disclosures and target for product energy efficiency and other measures deemed appropriate by management. |

| 2025 Proxy Statement |     | 105 |

TABLE OF CONTENTS Item of Business No. 8 — Shareholder Proposal _________________________

Statement in Opposition The Board has carefully considered this proposal and does not believe that its adoption is in the best interests of Best Buy and its shareholders. The Board therefore unanimously recommends a vote AGAINSTthis proposal.

| • | Best Buy is proud of its longstanding commitment to sustainable practices.As more fully discussed in this Proxy Statement under “Corporate Responsibility & Sustainability