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 56 is higher than 98% 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 2022, Best Buy reported total carbon emissions of approximately 14,097,974,000 kg CO2e globally, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 236,269,000 kg CO2e, while Scope 2 emissions totalled approximately 114,658,000 kg CO2e. The majority of emissions stemmed from Scope 3, which accounted for around 14,097,974,000 kg CO2e, primarily from the use of sold products. Best Buy has set ambitious climate commitments, aiming to reduce its overall carbon emissions by 75% by 2030, with a long-term goal of achieving net zero emissions by 2040. This includes a specific target to cut absolute Scope 1 and Scope 2 greenhouse gas emissions by 50% from a 2017 baseline by 2030. Additionally, the company plans to reduce Scope 3 emissions from the use of sold products by 20% within the same timeframe. These initiatives align with Best Buy's participation in the Science Based Targets initiative (SBTi), which underscores their commitment to climate action consistent with limiting global warming to 1.5°C. Best Buy's proactive approach reflects its dedication to sustainability and reducing its environmental impact 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 committed to some reduction initiatives 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.
