Corporate Responsibility and Sustainability

Hubert BSR

14 Nov: Hubert Joly Links Business Purpose, Corporate Responsibility at BSR

A company’s ultimate purpose is to serve the common good, Best Buy Executive Chairman Hubert Joly said Wednesday at the annual conference of Business for Social Responsibility (BSR).

“The purpose of a company is not to make money,” he said. “It is to serve all of the stakeholders, including customers, employees, partners, vendors, the communities in which we operate, the environment and shareholders. The idea is that there is no trade-off, no need to choose between the various stakeholders.”

Hubert noted that businesses “do well by doing good” and that a company’s sustainability efforts are most impactful when they are connected to its business purpose and overall success.

Li Yuechang blog

27 Mar: Meet Someone Who Makes the Products We Love

While technology might not technically be an official basic human need (like food, clothing or shelter), it sure seems that we can’t live without it. We rely on our electronic devices because they enhance, organize and connect our lives.

But have you thought about where those devices come from? Or, more importantly, who makes them? The actual people who put all the technological doohickeys together?

Best Buy thinks about it – a lot. We consciously operate our business in a way that seeks to ensure the people who work in the factories that produce our products are safe and treated fairly.