Best Buy Co Inc. | Publish climate transition plan to achieve stated goals at Best Buy Co Inc.

Status
13.36% votes in favour
AGM date
Previous AGM date
Proposal number
8
Resolution details
Company ticker
BBY
Lead filer
Individual
Resolution ask
Set targets or plans
ESG theme
  • Environment
ESG sub-theme
  • Climate change
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Consumer Staples
Company HQ country
United States
Resolved clause
Shareholders request that Best Buy issue a climate transition action plan, above and beyond existing disclosure, describing how it intends to align its operations and full value chain emissions with the ambition of limiting global temperature increase to 1.5 degrees Celsius in a just and equitable manner. The plan should be published at reasonable expense, exclude confidential information, and detail progress and any updates on an annual basis.
Supporting statement
SUPPORTING STATEMENT: In developing and implementing the plan, we recommend, at management’s discretion:
•
Providing forward-looking, near-term, and quantitative strategies, metrics, and milestones for achieving the Company’s GHG emissions reduction targets across decarbonization, governance, policy advocacy, and just transition components;
•
Considering guidance by advisory groups such as the Transition Plan Taskforce, Task Force for Climate-Related Financial Disclosures, CDP, Climate Action 100+, and Ceres; and
•
Considering supporting disclosures and target for product energy efficiency and other measures deemed appropriate by management.

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