Press release

Best Buy Sets First-Ever Goal to Help Consumers Reduce Their Carbon Emissions and Save Billions on Utilities as It Commits to Further Reduce Its Own Carbon Use

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After reducing its carbon emissions more than 50 percent, Best Buy is
committing to achieve an even greater impact. For the first time, the
company has set a goal to help consumers reduce their carbon emissions
by 20 percent* and save $5 billion on utility costs by 2030, while it
works to decrease its own emissions 75 percent** over the same period.

The new goals were announced today by Best Buy at the Circularity19
conference in Minneapolis and are included in its latest Corporate
Responsibility and Sustainability Report
.

“Best Buy exists to help people enrich their lives through technology,
which certainly embraces ecofriendly options that benefit our customers
and planet,” said Best Buy Director of Environmental Sustainability &
Compliance Alexis Ludwig-Vogen. “We believe a combination of
eco-friendly products and services, along with continued improvements in
our own operations, can produce measurable results for everyone.”

Best Buy will help consumers reduce emissions by 20 percent and save $5
billion on utility costs by 2030 by putting greater emphasis on ENERGY
STAR electronics, appliances and other energy-saving devices. The
company was named a 2019 ENERGY STAR Retail Partner of the Year for the
sixth consecutive year because of its efforts to help people save energy
and money, and for its continued consumer education about these products.

“We’re impressed by the fact that Best Buy is looking well beyond its
own direct impact by committing to help customers reduce their household
carbon emissions, while helping to bring the world’s biggest electronics
and appliance buyers, manufacturers and utilities together to solve this
issue,” said Eric Olson, senior vice president at Business for Social
Responsibility (BSR).

In its own operations, Best Buy will reduce carbon emissions 75 percent
through efficiencies from renewable energy sources, LED lighting and a
hybrid vehicle fleet, as well as investments in on-site solar panels,
solar farms and Renewable Energy Credits (RECs). Automated technology in
its distribution centers will further improve efficiency and reduce the
amount of waste generated by shipping products to customers. New
machines create custom boxes and shipping envelopes that fit the
products being shipped, producing 40% less cardboard waste and
eliminating plastic fillers.

As it helps consumers be environmentally responsible, Best Buy remains
the nation’s largest collector of recyclable electronics and appliances.
Since 2009, Best Buy has collected more than 2 billion pounds of
electronics and appliances for recycling.

Best Buy’s new consumer and company targets are certified by the Science
Based Targets initiative (SBTi), a collaboration between Carbon
Disclosure Project (CDP), the United Nations Global Compact, World
Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

To learn more about Best Buy’s commitment to its people, communities and
the environment, visit corporate.bestbuy.com
and follow @BestBuyCSR.

*From a 2017 base year
**From a 2009 base year