Best Buy is honored to be named to Fortune’s Change the World list, which recognizes companies for using their business strategy and operations to make a positive social or environmental impact. We ranked No. 32 out of 52 on the list and are one of three retail companies.
We were recognized for our leadership role in helping customers live more sustainably. Best Buy offers customers electronics and appliances that save energy and money, keeps electronics in the “use” phase longer through repair and trade-in services, and recycles electronics and appliances. We offer these services, regardless of the item’s brand or where it was purchased, at all of our nearly 1,000 U.S. stores.
“Best Buy is in the business of enriching lives through technology, and we aim to support our customers through the life cycle of their products,” said Alexis Ludwig-Vogen, Best Buy’s director of environmental sustainability and compliance. “Being named to the Fortune Change the World list recognizes efforts to help our customers find meaningful technology solutions that help them save energy and money, as well as maximize the value and use of their electronics and appliances.”
Helping our customers
Here are some examples of how we’re helping consumers get the most out of their technology while reducing their environmental impact:
- Through the sale of energy-saving electronics and appliances, Best Buy has helped customers save nearly $800 million on their energy bills since 2009.
- Last year, Best Buy repaired nearly 5 million electronic devices and facilitated nearly 1 million trade-in transactions.
- Best Buy has collected more than 2 billion pounds of electronics and appliances for recycling since 2009.
Best Buy’s commitments in this area continue to grow. We recently set a new goal to help customers reduce their carbon emissions by 20 percent and save $5 billion on utility costs by 2030 (over a 2017 baseline), as well as a new goal to reduce carbon emissions in our operations by 75 percent by 2030 (over a 2009 baseline). We have already achieved a 51 percent reduction and are on a trajectory to be carbon neutral by 2050.