December 8, 2020
Suzanne HilkerStaff Writer
Best Buy has been named to CDP’s prestigious Climate A List for the fourth consecutive year, demonstrating our continued leadership in addressing climate change.
The recognition is based on our actions to cut emissions, mitigate climate risks and foster the development of a low-carbon economy. We are one of only five retailers on the list.
“We are a purposeful, values-driven company,” said Hugh Cherne, associate director of sustainability at Best Buy. “Our decade-long CDP engagement has led to a deeper understanding of climate risks and opportunities, and it has reinforced our commitment to safeguard our communities’ well-being.”
In addition to this recognition, our work to address climate change has contributed to placing us in the top five on Barron’s list of the 100 Most Sustainable Companies in America for three straight years.
Formerly known as the Carbon Disclosure Project, CDP is a global environmental nonprofit dedicated to building a sustainable economy. CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency.
This year, 515 investors with more than $106 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. More than 5,800 companies were scored on climate, but only 270 made the A List.
How we made the list
CDP assesses companies based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
Here are a few examples of how we’re doing that:
- We set a science-based goal to reduce carbon emissions in our operations by 75% by 2030 (over a 2009 baseline).
- We recently signed onto The Climate Pledge, joining other leading companies committed to being carbon neutral by 2040.
- We made significant investments in solar energy, including the Little Bear Solar Project in Fresno County, California, and the Best Buy Solar Field in Marin, South Carolina.
Click here for the full list of companies on CDP’s Climate A List.