Best Buy Co Inc

We maintain strong governance practices for environmental sustainability. The Best Buy Board of Director's Nominating and Corporate Governance Committee is responsible for oversight of the company's environmental sustainability programs. Further, we routinely convene a cross-functional group of leaders to advise and advocate for environmental action. We proactively engage stakeholders through one-on-one relationships as well as memberships and industry organizations.

This report and the Best Buy Political Activity & Government Affairs Policy are reviewed annually by the Nominating, Corporate Governance and Public Policy Committee of the Best Buy Board of Directors. [...] The Contributions Steering Committee, comprised of five senior executives meets as needed to review and approve corporate funding for contributions over $5,000 pertaining to: - Candidates, political parties or political organizations; - Ballot campaign initiatives; - Independent expenditures; - Any electioneering communications on behalf of a federal, state or local candidate. [...] Best Buy monitors the use of dues or payments to trade associations and other organizations to ensure consistency with the company's stated policies, practices, values and long-term interests. [...] Each year, under the direction and approval of the Vice President of Government Affairs and Corporate Responsibility, Best Buy monitors legislative and regulatory activities having a direct impact on our business and develops public policy positions based on current issues. The Government Affairs team manages these issues throughout the local, state and federal legislative sessions. [...] In addition, the company's political engagement strategy is regularly reviewed in the context of its overall priorities. [...] Where necessary, potential conflicts are examined on a case-by-case basis with internal stakeholders to determine the most appropriate mitigation strategy.

This report and the Best Buy Political Activity & Government Affairs Policy are reviewed annually by the Nominating, Corporate Governance and Public Policy Committee of the Best Buy Board of Directors. [...] The Contributions Steering Committee, comprised of five senior executives meets as needed to review and approve corporate funding for contributions over $5,000 pertaining to: - Candidates, political parties or political organizations; - Ballot campaign initiatives; - Independent expenditures; - Any electioneering communications on behalf of a federal, state or local candidate. [...] Best Buy monitors the use of dues or payments to trade associations and other organizations to ensure consistency with the company's stated policies, practices, values and long-term interests. [...] Each year, under the direction and approval of the Vice President of Government Affairs and Corporate Responsibility, Best Buy monitors legislative and regulatory activities having a direct impact on our business and develops public policy positions based on current issues. The Government Affairs team manages these issues throughout the local, state and federal legislative sessions. [...] This report and the Best Buy Political Activity & Government Affairs Policy are reviewed annually by the Nominating, Corporate Governance and Public Policy Committee of the Best Buy Board of Directors. In addition, the company's political engagement strategy is regularly reviewed in the context of its overall priorities, including social justice issues. [...] Where necessary, potential conflicts are examined on a case-by-case basis with internal stakeholders to determine the most appropriate mitigation strategy.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]We use an ISO 14001 certified Environmental Management System (EMS) in our U.S. operations across all business divisions to systematically identify, prioritize, manage and review climate change risks and opportunities. The framework follows a "Plan, Do, Check, Act† strategy to achieve continual improvement within the identified boundaries of the EMS. The ongoing work consists of quarterly and annual reviews, as well as daily program management. Within these reviews, cross-functional teams meet to review past assessments, identify new environmental aspects and assess their significance, and create action plans to address risks and opportunities. As a part of this established process, members of the Environmental Sustainability and Compliance team annually review direct and indirect activities that influence policy to establish whether the activities are consistent with our overall position on climate change. Best Buy conducted extensive market research and consulted with BSR, CDP, Ceres and WRI in the development of its carbon reduction strategy. Best Buy also accessed and used public data attained through CDP Investor surveys to benchmark its carbon reduction program. Additionally, the Corporate Sustainability and Compliance team continues to focus on e-waste, climate change, responsible sourcing, and sustainable products that are among the top sustainability priorities for our company.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes