Company: BBY
Filing Date: 2025-05-28
Form Type: PX14A6G
Source: 0001214659-25-008399
Chunk: 5

Company: BEST BUY CO INC
Filing Date: 2025-05-28
Form: PX14A6G
Chunk 5
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 publicly stated carbon emissions reduction goals. This 
 misalignment can create reputational, regulatory, and strategic risks that potentially undermine long-term value creation.         |

| · | BBY lacks disclosure of detailed public policies needed to realize its climate commitments or the specific, forward-looking, near-term 
 actions it will take to support policies and regulations that contribute to limiting global temperature rise to 1.5 ºC.                |

| · | BBY does not disclose the criteria it uses to determine engagement on climate-related policies and it has not publicly committed to 
 ensure its lobbying activities support a 1.5 ºC pathway and achievement of its own climate goals.                                   |

| · | BBY’s trade association disclosure lacks information regarding: |

| o | fees paid per organization (including payments made to trade organizations of which it is not a member), |

| o | whether it sits on the board or plays an active role in committees or other activities related to climate change, |

| o | the lobbying position of its trade associations and alignment or misalignment of those positions with the companies' climate goals, 
 and                                                                                                                                 |

| o | any actions the company will take to address any inconsistencies and countermeasures should those efforts be unsuccessful. |

4) Scenario Analysis and Financial Planning

| · | Investors are increasingly interested in understanding how climate risks could materially impact a company’s financial statements           
 (i.e. revenue, costs, asset valuations, capital expenditures, etc.)13. In its opposition statement, BBY states that its decarbonization     
 strategy is partially informed by a quantitative climate-related scenario analysis, however, based on BBY’s disclosures, investors          
 have no clear indication of what this scenario entails and how it translates into specific actions or numbers. The Company itself indicated 
 in its latest publicly available CDP Climate Survey that it does not currently conduct a quantitative scenario.14                           |

| · | We welcome BBY’s qualitative description of the strategies and concepts it is evaluating to meet the company’s climate                           
 mitigation goals because of its climate-related scenario analysis. What investors lack however is information that would explain how BBY         
 is planning to prioritize actions and investments tied to these strategies, including if and how the Company has identified capital expenditures 
 or revenue that aligns with its decarbonization strategy.15                                                                                      |

_____________________________

See C12.3 of Best Buy’s CDP 2023
Climate Change Survey at https://corporate.bestbuy.com/wp-content/uploads/2024/02/2023-Best-B