Best Buy Fiscal Year 2022 ESG Report | 21 Sustainable packaging . We have seen an increased interest from stakeholders around the issue of sustainable packaging, both for product (primary packaging) and e-commerce shipping containers (secondary packaging). In response to this, we have been working on an enterprise strategy to address how we can send our customers less packaging to dispose of and use materials that are easily recyclable. Private label product packaging. In an FY22 pilot, our Insignia brand started incorporating sustainably sourced paper that is certified by the Forest Stewardship Council® (FSC®) in order to advance packaging that provides environmental, social and economic benefits. FSC certification means that we are responsibly sourcing more than 13 million pounds of paper annually. E-commerce shipping. In FY22, we piloted a 100% curbside recyclable mailer at three Best Buy distribution centers. The mailer requires fewer supplies like air pillows or thermal tape for shipping products. The mailers also take up less space than boxes, which allows for more packages to be shipped and fewer resources to ship the same number of products. In FY22, we processed over 480,000 pounds of recycled expanded polystyrene (EPS) from our own operations and from other local companies as part of our pilot at our Tracy, California, distribution center. In FY23, we have plans to expand this program to more business partners. Packaging equipment. To decrease plastic in our supply chain facilities, we invested in 82 stretch packaging machines across six Best Buy distribution centers. Instead of manually wrapping pallets, these stretch packaging machines are more efficient and use about 67% less plastic on average. With this update, we have prevented more than 66,000 pounds of plastic wrap ending up in landfills in FY22. Collaboration with peers and partners is a key part of our strategy. Therefore, we have joined the Sustainable Packaging Coalition, a nonprofit organization driving meaningful action toward packaging sustainability throughout the value chain. Since 2015, we have participated in the “I Want To Be Recycled” campaign, a partnership with Keep America Beautiful and the Ad Council. Our ship-from-store boxes, made from FSC-certified cardboard, feature a custom message encouraging consumers to recycle.

Best Buy ESG Report - Page 21 Best Buy ESG Report Page 20 Page 22