Best Buy Sets First-Ever Goal to Help Consumers Reduce Their Carbon Emissions & Save Billions on Utilities as It Commits to F...
June 19 2019 - 11:00AM
Business Wire
After reducing its carbon emissions more than 50 percent, Best
Buy is committing to achieve an even greater impact. For the first
time, the company has set a goal to help consumers reduce their
carbon emissions by 20 percent* and save $5 billion on utility
costs by 2030, while it works to decrease its own emissions 75
percent** over the same period.
The new goals were announced today by Best Buy at the
Circularity19 conference in Minneapolis and are included in its
latest Corporate Responsibility and Sustainability Report.
“Best Buy exists to help people enrich their lives through
technology, which certainly embraces ecofriendly options that
benefit our customers and planet,” said Best Buy Director of
Environmental Sustainability & Compliance Alexis Ludwig-Vogen.
“We believe a combination of eco-friendly products and services,
along with continued improvements in our own operations, can
produce measurable results for everyone.”
Best Buy will help consumers reduce emissions by 20 percent and
save $5 billion on utility costs by 2030 by putting greater
emphasis on ENERGY STAR electronics, appliances and other
energy-saving devices. The company was named a 2019 ENERGY STAR
Retail Partner of the Year for the sixth consecutive year because
of its efforts to help people save energy and money, and for its
continued consumer education about these products.
“We’re impressed by the fact that Best Buy is looking well
beyond its own direct impact by committing to help customers reduce
their household carbon emissions, while helping to bring the
world’s biggest electronics and appliance buyers, manufacturers and
utilities together to solve this issue,” said Eric Olson, senior
vice president at Business for Social Responsibility (BSR).
In its own operations, Best Buy will reduce carbon emissions 75
percent through efficiencies from renewable energy sources, LED
lighting and a hybrid vehicle fleet, as well as investments in
on-site solar panels, solar farms and Renewable Energy Credits
(RECs). Automated technology in its distribution centers will
further improve efficiency and reduce the amount of waste generated
by shipping products to customers. New machines create custom boxes
and shipping envelopes that fit the products being shipped,
producing 40% less cardboard waste and eliminating plastic
fillers.
As it helps consumers be environmentally responsible, Best Buy
remains the nation’s largest collector of recyclable electronics
and appliances. Since 2009, Best Buy has collected more than 2
billion pounds of electronics and appliances for recycling.
Best Buy’s new consumer and company targets are certified by the
Science Based Targets initiative (SBTi), a collaboration between
Carbon Disclosure Project (CDP), the United Nations Global Compact,
World Resources Institute (WRI) and the World Wide Fund for Nature
(WWF).
To learn more about Best Buy’s commitment to its people,
communities and the environment, visit corporate.bestbuy.com and
follow @BestBuyCSR.
*From a 2017 base year**From a 2009 base year
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version on businesswire.com: https://www.businesswire.com/news/home/20190619005163/en/
Matthew Smith612-231-5146Press@BestBuy.com
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