Best Buy Fiscal Year 2022 ESG Report | 25 Best Buy is building a thriving business while ensuring we are a good steward of the environment and supporting the responsible use of chemicals in compliance with all laws and regulations. In FY22, we published a new chemicals statement reflecting changes in our chemicals management program. This included a commitment that new televisions in our private label brand will adhere to the European Union’s eco-friendly display enclosure requirements outlined in Commission Regulation 2019/2021. Our industry-leading goal is designed to promote a safer circular economy and better support the recycling of plastics. This is an example of how our chemicals management program goes beyond regulatory compliance to evaluate and prioritize efforts to address chemical risks and opportunities. We work to reduce the use of chemicals, phase out chemicals of concern and improve the general management of chemicals by: • Identifying opportunities to reduce the use of chemicals of concern in our operations. • Using safer chemical alternatives wherever possible, with a preference for EPA Safer Choice. • Defining supplier requirements for chemical use in our private label products. • Partnering with qualified electronics recyclers to ensure the products we collect through our consumer recycling program are effectively re-used, recycled or safely disposed of. Collaboration among stakeholders is critical to improving the complex issue of managing chemicals in the electronics industry. We continue to participate in chemical management work groups with organizations such as the Responsible Business Alliance and the Green Chemistry and Commerce Council. Chemicals management .
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