Best Buy Fiscal Year 2022 ESG Report | 66 New norms under the COVID-19 pandemic. The COVID-19 pandemic has continued to impact the way that we implement our Responsible Sourcing program, specifically auditing and training. As noted earlier, we have adapted to virtual audits. The new approaches included remote audits, desktop reviews, shared audits and co- audits, all of which still allow us to assess the factory’s working conditions through documentation review, worker interviews and virtual factory tours. We continue to accept third-party audit reports provided by our suppliers to reduce duplicative audits. This also allows us to shift our focus and resources on training and building deeper relationships with factory management and workers, driving continuous improvement and larger social impact. We also applied a more flexible approach to training. We increased online training options and provided virtual supplier workshops on our requirements and guidance for factories. These new approaches will be kept as an alternative moving forward. Responsible sourcing . Expanding our manufacturing footprint. In order to create greater resiliency and support a strong sustainable supply chain, we have expanded our sourcing beyond China to other countries in Southeast Asia. We leverage the expertise of third parties, industry organizations and peer companies to understand the local culture and regulations, as well as potential risks and opportunities associated with these areas. In order to identify the most reliable suppliers, we continue to proactively engage potential partners, conduct pre-screenings and trainings focused on high-risk issues, and participate in best practice sharing based on local laws and common findings.
Best Buy ESG Report Page 65 Page 67