Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 105

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 105
---
,” Best Buy has a strong commitment to sustainability, with a clear focus on reducing our environmental impact. Our comprehensive carbon emissions reduction plans are designed to efficiently and effectively address the impact of our operations and the products we sell. In addition, our plans cover a variety of topics to achieve our goals, including governance, policy engagement, risk assessments, science-based targets, value chain engagement, financial planning, and third-party verification. |

| • | Best Buy has already set goals to reduce carbon emissions by 2030.We have set a target of reducing carbon emissions in our operations by 75% by 2030 over a 2009 baseline. Additionally, we have committed through The Climate Pledge to achieve net-zero carbon emissions by 2040 through regular reporting, implementing decarbonization strategies, and using credible offsets. By the end of FY24, we had reduced our emissions by 69% against the 2009 baseline and were named to CDP’s prestigious Climate A List for the seventh consecutive year. We believe our goals, and our efforts to achieve them, are appropriate for our business. |

| • | Our decarbonization strategy is informed, in part, by a quantitative climate scenario analysis.The analysis focuses on both physical and transition risks linked to climate change, which helps us understand and manage its potential impacts on our operations. This includes evaluating both acute and chronic physical risks, such as extreme weather events, as well as transition risks tied to the shift toward a low-carbon economy. We believe this approach is both appropriate and sufficient and that adopting a new plan or framework would force us to expend management time and resources into reopening this complicated risk analysis. |

| • | To achieve these goals, we invest in energy-efficient technologies and practices across our operations and supply chain.We work closely with suppliers to improve their environmental performance and reduce emissions from production and transportation. We are also expanding our portfolio of energy-efficient products to help customers reduce their carbon footprint. These initiatives, among others, aim to make meaningful progress toward our emission reduction targets. |

| • | Beyond the actions Best Buy has taken to meet its climate-related goals, Best Buy has voluntarily and transparently disclosed climate-related information for nearly two decades.As a standard practice, our annual public Corporate Responsibility & Sustainability Report (the “CRS Report”) has included highly detailed reporting relating to our Scope 1, Scope 2 and Scope 3 emissions. Since 2015, Best Buy has reported on its largest Scope 3 category, Category 11 (Use of Sold Products) and has