Best Buy Fiscal Year 2022 ESG Report | 35 Social justice . As a purpose-driven company, it is important for us to show support for the issues that matter most to our business and stakeholders, including our employees, customers, communities and the environment. Showing up for employees in this way is the equitable thing to do and enables them to bring their whole selves to work in service of our customers. Our social justice commitments escalated in 2020 after tensions around systemic discrimination reached a boiling point. CEO Corie Barry empowered and challenged Best Buy to “do better” in addressing social disparities and injustices wherever we can. Here are some of the ways we are taking action: • We work collectively through coalitions and community partnerships such as the Minnesota Business Coalition for Racial Equality (MBCRE), which focuses on eliminating racial disparities across a number of public policy areas including policing, the achievement gap, health, hunger and housing. • We set enterprise-wide targets to help measure our progress in increasing diverse representation across areas such as hiring, retention, supplier diversity, marketing campaigns and community investments. (Read more about these efforts in the DE&I and Social Impact sections.) • We advocate on issues that affect the lives of our employees, their families and communities, including climate change, voting rights, DACA and immigration reform, broadband and tech access, and LGBTQIA+ equality. • We are exploring new ways to use Best Buy’s core assets and capabilities to positively impact urgent community needs in the areas of early childhood education, environmental justice, and health equity. • Internally, we established the Racial Equity Leadership Immersion (formerly the Task Force for Racial Equity) where a cohort of diverse employees from across the enterprise come together for several months to learn, engage and figure out how to best address racial and social inequity and take action to create the biggest impact at Best Buy. (See more in the DE&I section.) • We encourage and enable employees to contact their elected officials to share their personal views and engage on the issues that matter most to them through the “Be Your Own Advocate” tool.
Best Buy ESG Report Page 34 Page 36