Best Buy
Best Buy Co., Inc., commonly known as Best Buy, is a leading retailer in the consumer electronics industry, headquartered in Richfield, Minnesota, US. Founded in 1966, the company has evolved from a small audio specialty store into a major player in the retail sector, with a significant presence across North America. Best Buy offers a wide range of products and services, including electronics, appliances, and tech support, distinguishing itself through its knowledgeable staff and customer-centric approach. The company is renowned for its Geek Squad services, providing expert assistance and installation for various technologies. With a strong market position, Best Buy has consistently been recognised for its commitment to customer service and innovation, making it a trusted destination for tech enthusiasts and everyday consumers alike.
DitchCarbon Score
How does Best Buy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Best Buy's score of 59 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Best Buy's reported carbon emissions
In 2024, Best Buy reported total carbon emissions of approximately 14,256,538,000 kg CO2e across all scopes. This includes 209,440,000 kg CO2e from Scope 1, 105,120,000 kg CO2e from Scope 2 (market-based), and a significant 14,256,538,000 kg CO2e from Scope 3 emissions, primarily from the use of sold products. In comparison, in 2022, the company recorded 14,097,974,000 kg CO2e in Scope 3 emissions, indicating a slight increase in emissions over the two-year period. Best Buy has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030 from a 2017 baseline. Additionally, the company is committed to reducing Scope 3 emissions from the use of sold products by 20% by 2030, also from a 2017 baseline. These targets align with the Science Based Targets initiative (SBTi) requirements, which are designed to keep global temperature increases below 1.5°C. Furthermore, Best Buy has pledged to achieve carbon neutrality across its operations by 2040, a decade earlier than its previous target of 2050. This commitment is part of its broader strategy to significantly reduce carbon emissions, with a goal of a 75% reduction by 2030 compared to a 2009 baseline. Overall, Best Buy's climate commitments reflect a proactive approach to addressing carbon emissions, with clear targets and a commitment to sustainability in the retail sector.
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| 2009 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 240,525,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 791,171,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Best Buy is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
