Best Buy gets stellar score from Carbon Disclosure Project
MINNEAPOLIS — Best Buy received its highest score ever from the Carbon Disclosure Project (CDP), which represents 655 institutional investors with $78 trillion in assets, for its performance and approach to the disclosure of climate change information.
Best Buy was recognized by the CDP in both the Carbon Disclosure Leadership Index (CDLI), scoring a 96 for disclosure, and the Carbon Performance Leadership Index (CPLI), scoring an “A” for performance. The combined score of 96A is tied for the second-highest score among S&P 500 companies, and is the highest combined score among retailers. It’s also the highest combined score among all Minnesota-based companies.
“Our goal to reduce the carbon emissions of Best Buy by 20% in North America by 2020 is a key driver for operational efficiency,” said Leo Raudys, senior director, environmental sustainability, Best Buy. “The inclusion in both the CDP S&P 500 Carbon Disclosure Leadership Index and the CDP S&P 500 Carbon Performance Leadership Index shows we're making great progress streamlining our business and conserving resources in the communities we serve.”
Best Buy’s climate change and carbon reduction strategy is focused on reducing operating costs and risks, assuring business continuity due to weather and/or climate change impacts, and generating value through new business development that provides energy efficiency solutions for our customers. In 2011, process improvements to greenhouse gas impacted activities, store redesign, reduced plugs loads from Energy Star equipment and displays, and lighting retrofits resulted in a 4.3% decrease to the previous year's emissions.
The CPLI highlights those companies within the S&P 500 Index that have demonstrated a strong approach to climate strategy and emissions reduction in their CDP responses. The CDLI, a key component of CDP’s annual S&P 500 report, highlights the constituent companies within the S&P 500 Index which have displayed a strong approach to information disclosure regarding climate change.