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.
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.
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.
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.
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, 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 targeting a 20% reduction in Scope 3 emissions from the use of sold products by the same year. These targets align with the Science Based Targets initiative (SBTi) and are designed to support global efforts to limit temperature rise to 1.5°C. Furthermore, Best Buy has committed to achieving carbon neutrality across its operations by 2040, a decade earlier than its previous goal of 2050. This commitment is part of its participation in The Climate Pledge, which underscores its dedication to sustainability and reducing its carbon footprint. Overall, Best Buy's emissions data and climate commitments reflect a proactive approach to addressing climate change, with clear targets and a focus on significant reductions in both operational and product-related emissions.
Access structured emissions data, company-specific emission factors, and source documents
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 |
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.