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Respondent CDP 2008: Best Buy Co., Inc.

General Information
<>It requirement CDP questionnaire introduction answer like text box attach document
Best Buy understands importance leadership position world's largest retailer consumer electronics core values activities specifically address important view environment doing reduce overall carbon footprint constantly seeking ways reduce environmental footprint believe look environmental impact sell stores energy stores use operate make better decisions reduce environmental impact continue grow expand communities world

 
<>Where available provide following identification numbers primary listings/ordinary shares information company Company Turnover (also known sales) millions US$
40023

 
<>ISIN number

 
<>CUSIP number

 
<>SEDOL number

 
1 - Risks and Opportunities
Question 1(a)(i) Regulatory Risks
<>How company exposed regulatory risks related climate change
We do not consider our company to be exposed to regulatory risks because... 
government imposed energy efficiency standard regulatory measure control carbon emissions increase costs costs represent relatively small proportion Best Buy’ s cost base likely partially offset increased efficiencies energy consumption use Best Buy currently implementing measures increase energy efficiency including work Climate Leaders evaluate plan carbon reduction Additionally tax credits incentives enable renewable energy research development operation ability responsively adapt rising costs traditional energy negatively affected

 
<>Would like provide additional information relating question provided

 
Question 1(a)(ii) Physical Risks
<>How company exposed physical risks climate change
We consider our company to be exposed to physical risks because... 
Best Buy exposed directly indirectly physical risks climate change caused extreme weather events event natural disaster direct risk store locations supporting infrastructure unable achieve projected revenue perform operations Best Buy established crisis response team recovery plan works directly manage business natural disaster extreme weather event primary focus team recovery plan ensure Best Buy employees customers provide assistance needed Additionally team conducts ongoing assessment determine best plan resume operations affected Indirectly retailer depend suppliers party transportation vendors manufacturers maintain steady supply merchandise physical risks industries exposed pose indirect risks Best Buy shortage resources extreme weather events impact timing costs associated delivery goods physical risks industries exposed financial impact measuring financial impact complex impact extracted using current metrics

 
<>Would like provide additional information relating question provided

 
Question 1(a)(iii) General Risks
<>How company exposed general risks result climate change
We consider our company to be exposed to general risks because... 
Generally Best Buy exposed physical risks industries exposed retailer depend suppliers party transportation vendors manufacturers maintain steady supply merchandise risks industries exposed pose indirect risks Best Buy shortage resources extreme weather events impact timing costs associated delivery goods physical risks industries exposed financial impact measuring financial impact complex impact extracted using current metrics

 
<>Would like provide additional information relating question provided

 
Question 1(a)(iv) Risk Management
<>Has company taken planned action manage general regulatory risks and/oradapt physical risks identified
We have taken or planned action. 
manage regulatory risks associated GHG emissions operations identify cost effective mitigation opportunities Best Buy joined U S Environmental Protection Agency (EPA)'s Climate Leaders program 2007 Climate Leaders program Best Buy committed developing operations GHG inventory report progress annually based detailed EPA protocols guidance GHG Inventory Management plan based detailed EPA checklist institutionalize inventory process set GHG emissions reduction goal achieved 2012

 
<>Would like provide additional information relating question provided

 
Question 1(a)(v) Financial Business implications
<>How assess current and/or future financial effects therisks identified risks affect business
We assess current and/or future financial effects by... 
prioritize environmental programs based risks outlined section 1a Best Buy created network individuals representing different functions business Team representative include members Environmental Affairs Government Relations Legal Corporate Social Responsibility Merchant Operations Logistics Supply Chain Input direction team facilitates reorganization financial labor resources maintain operational efficiency compliance applicable regulations support corporate wide environmental program

 
<>Would like provide additional information relating question provided

 
Question 1(b)(i) Regulatory Opportunities
<>How current anticipated regulatory requirements climate change offeropportunities company
We consider that current or anticipated regulatory requirements offer opportunities because... 
Best Buy opportunities arise changing regulatory environment largest retail consumer electronics knowledge ability execute environmental initiatives higher standard mandated industry promote Best Buy environmental standard stringent current regulations influence shape future regulations advance source reduction recycling programs attainable standard influence promote consistent federal regulation

 
<>Would like provide additional information relating question provided

 
Question 1(b)(ii) Physical Opportunities
<>How current anticipated physical changes resulting climate change presentopportunities company
We consider that current or anticipated physical changes offer opportunities because... 
Best Buy working vendors energy procurement management identify additional ways reduce energy consumption day day operations impacting employees customer experience physical changes associated climate change driven efficiencies supply chain operation help promote recycling waste minimization programs retail locations

 
<>Would like provide additional information relating question provided

 
Question 1(b)(iii) General Opportunities
<>How does climate change present general opportunities company
We consider that climate change offers opportunities because... 
awareness climate change increasingly complex regulatory environment brought greater attention Best Buy’ s environmental programs greater awareness Best Buy able strategically position programs common goals reducing impact environment providing sustainable environmental solutions operations customers believe Best Buy’ s continued effort create maintain support successful environmental programs enable customers employees participate carbon reduction opportunities addition Best Buy honored receive "Excellence Appliance Retailing Award" ENERGY STAR 2008 ENERGY STAR program jointly managed DOE EPA aimed reducing greenhouse gas emissions promoting energy efficiency ENERGY STAR qualified products important broader range customers year Best Buy expanding efforts leverage strength ENERGY STAR brand Appliances Home Theater Computers

 
<>Would like provide additional information relating question provided

 
Question 1(b)(iv) Maximizing Opportunities
<>Do invest plans invest products services designedto minimize adapt effects climate change
Climate change has led to investment or planned investment in order to maximise climate change opportunities. 
Best Buy actively engaged analysis investment energy efficient equipment processes programs investment energy efficient equipment products Best Buy joined U S Green Building Council promote build energy efficient environmentally sound retail locations Best Buy engaged providing solutions customer’ s unmet needs Shifts consumer attitude demand apparent products sell best recycled potential hazards landfills consumer responsibility make decision recycle Best Buy realizes largest retailer consumer electronics responsibility help consumers make safe smart decisions repurposing devices year goals include educating employees customers reuse recycling options available Best Buy programs partners non profit agencies government recyclers manufacturing reuse recycling currently able capture reuse recycling ninety percent consumer electronics appliances collect operations customers employees Best Buy positioned itself provide customers options long regulated (as case states today U S ) Today consumers looking ways reduce environmental footprint heightened awareness increased positive impact programs Consumer demand driven double number recycling events total consumers recycled 43 672 tons e waste (appliances consumer electronics) fiscal year 2008 Additionally Best Buy provided ENERGY STAR training retail locations better respond needs customers Energy saving homes purchase energy efficient products stores resulted total energy savings 960 million kWh year resulting reduction 1 479 billion pounds carbon

 
<>Would like provide additional information relating question provided

 
Question 1(b)(v) Financial Business Implications
<>How assess current and/or future financial effects theopportunities identified opportunities affect business
We assess current and/or future financial effects by... 
prioritize environmental programs based risks Best Buy created network individuals representing different functions business Team representative include members Environmental Affairs Government Relations Legal Corporate Social Responsibility Merchant Operations Logistics Supply Chain Input direction team facilitates reorganization financial labor resources maintain operational efficiency compliance applicable regulations support corporate wide environmental program

 
<>Would like provide additional information relating question provided

 
2 - Greenhouse Gas (GHG) Emissions Accounting
Question 2(a)(i) Reporting Boundary
Calculation tools assist companies calculating GHG emissions particular activities combustion fuels production processes http //www ghgprotocol org/calculation tools/all tools Companies new emissions reporting strongly recommended use tools assist calculations used calculation tool list question methodologies
<>Please indicate category best describes company entities groupfor response prepared
Other 
Best Buy U S operations

 
<>Would like provide additional information relating question provided

 
Question 2(a)(ii) Reporting Year
<>Please explicitly state dates accounting year period GHG emissionsare reported
Dates selected

 
<>Would like provide additional information relating question provided
Yes 
planning budgeting reporting source reduction programs alignment fiscal calendar year information reported CDP6 fiscal year 2008 (March 2007 February 2008)Inventory reporting GHG emission calendar year baseline measure GHG emissions base calendar year 2005 goals reduce GHG emissions checked data annually current emissions targets projected 2012

 
Question 2(a)(iii) Methodology
<>Please specify methodology used company calculate GHG emissions select methodology used using radio buttons used GHG Protocol ISO 14064 1 references calculation tools used explanation calculation methods devised explain data sources Global Warming Potentials emission factors used calculations reference supplied calculation tool contact provider calculation tool information used methodology devised explain methodology including methods calculation data sources Global Warming Potentials emission factors
Other 
Best Buy calculates GHG emissions larger environmental portfolio Programs include emission reductions energy efficient practices waste minimization recycling Specific carbon measurement GHG emissions inventory Best Buy voluntarily joined Climate Leaders makes use tools methodology provided program Best Buy calculates emissions using Climate Leaders GHG Inventory Guidance defines Partners working EPA inventory report GHG emissions guidance based existing GHG Protocol Corporate Accounting Reporting Standard developed World Resources Institute World Business Council Sustainable Development Climate Leaders GHG Inventory Guidance details methodologies quantifying emissions Scope 1 Scope 2 emissions recently added Scope 3 methodologies employee commuting business travel product transport

 
<>Would like provide additional information relating question provided

 
Question 2(b)(i) Scope 1 Scope 2 GHG Protocol
<>Are able provide breakdown direct indirect emissions Scopes 1 2 GHG Protocol analyse electricity consumption

 
<>Would like provide additional information relating question provided
Yes 
Best Buy process creating inventory direct indirect emission Using tools methodology provided Climate Leaders breakdown available publicly completed Climate Leaders reporting website

 
Question 2(b)(i)(y) Scope 1 Scope 2 GHG Protocol Year 1 answers
<>Please enter dates reporting period specified (answer question 2(a)(i)) answer questions period selecting “ Add Additional Year Figures” button end webpage repeat process previous reporting period reporting period possible data going reporting period ending 2004 enter historical data reported information response previous CDP questionnaires

 
<>Please enter accounting year used report GHG emissions details
Dates selected

 
<>Scope 1 Direct GHG Emissions provide Total global Scope 1 activity Metric Tonnes CO2 e emitted

 
<>b Total Scope 1 activity Metric Tonnes CO2 e emitted Annex Bcountries

 
<>By country Scope 1 activity metric tonnes CO2 e individual country Using methodology state emissions country NB practical list emissions country country basis list countries significant emissions context business combine remainder “ rest world” information format (e g Excel) attach
Country Scope 1 Emissions
(metric tonnes CO2-e)

 
<>Scope 2 Indirect GHG emissions provide c Total global Scope 2 activity metric tonnes CO2 e emitted

 
<>d Total Scope 2 activity metric tonnes CO2 e emitted Annex Bcountries

 
<>By country Scope 2 activity metric tonnes CO2 e individual country
Country Scope 2 Emissions
(metric tonnes CO2-e)

 
<>Electricity consumptione Total global MWh purchased electricity

 
<>f Total MWh purchased electricity Annex B countries

 
<>By country – MWh purchased electricity individual country
Country

 
<>g Total global MWh purchased electricity renewable sources

 
<>h Total MWh purchased electricity renewable sources Annex Bcountries

 
<>By country – MWh purchased electricity renewable sources individual country
Country

 
<>Would like provide additional information relating question provided
Yes 
Best Buy unable provide MWh electricity purchased consumed Best Buy spends half percent gross revenue sources energy operations Best Buy unable provide specific data related question purchased consumed MWh electricity renewable source globally Project year

 
Question 2(b)(ii) Scopes 1 2 GHG Protocol
<>If unable Scope 1 Scope 2 GHG emissions and/or electricity consumption report GHG emissions able identify description emissions answered 2(b)(i) question 2(c)(i)
Net GHG Emission Reduction (MTCE) 166 609Net Energy Saved (BTUs) 10 534 751

 
<>Would like provide additional information relating question provided

 
Question 2(c)(i) Emissions – Scope 3 GHG Protocol
<>How identify and/or measure Scope 3 emissions

 
<>Please provide possible Details significant Scope 3 sources company

 
<>b Details metric tonnes CO2 e GHG emissions following categories Employee business travel

 
<>ii External distribution/logistics

 
<>iii Use/disposal company’ s products services

 
<>iv Company supply chain

 
<>c Details methodology use quantify estimate Scope 3 emissions

 
<>Would like provide additional information relating question provided
Yes 
Best Buy process creating scope 3 emissions collection method unable report scope 3 emissions year’ s CDP

 
Question 2(d) External Verification
<>(i) information reported response Questions 2(b) (c) beenexternally verified audited plan information verified oraudited
Yes (Please go to 2(d)(ii)) 

 
<>(ii) answer question 2d(i) Yes provide attach copy audit verification statement state plans verification
EPA’ s Climate Leaders program continually reviews emissions inventory data progress reaching GHG emissions goal addition Best Buy receiving technical assistance EPA determining organizational operational boundaries identifying appropriate emission factors retail logistics industry documenting decisions Inventory Management Plan (IMP) ensure consistency transparency inventory time EPA performs desktop reviews inventory data IMP ensure meet EPA's quality standards conducts risk based site IMP review ensure Management Plan implemented facility level reviews provide assurance EPA implemented GHG data collection management place track progress 2012 GHG reduction goal result EPA recognition corporate leadership climate change issue

 
<>(iii) specify standard protocol information hasbeen audited verified
EPA works closely company Climate Leaders program review GHG inventory Inventory Management Plan provide guidance setting aggressive GHG emissions reduction goal climate reduction goals endorsed Climate Leaders reviewed EPA ensure challenging achievable approved EPA‘ s senior management GHG emissions data submitted Climate Leaders reviewed Climate Leaders GHG Inventory Guidance based Corporate Accounting Reporting Standard developed World Resources Institute (WRI) World Business Council Sustainable Development (WBCSD)

 
<>Would like provide additional information relating question provided

 
Question 2(e) Data Accuracy
<>Does company place assess accuracy GHG emissions inventory calculation methods data processes systems relating GHG measurement provide details explain data accuracy managed
Yes, we do have a system. 
Inventory Management Plan includes institutional managerial technical arrangements collection data preparation inventory implementation steps manage quality inventory IMP provides systematic process ensuring data quality identifies areas investments likely lead greatest improvement overall inventory quality primary objective IMP ensuring accuracy company’ s GHG inventory information

 
<>Would like provide additional information relating question provided

 
Question 2(f) Emissions History
<>Do emissions reported accounting year vary significantly compared previous years explain reasons variations
No, they do not vary significantly. 

 
<>Would like provide additional information relating question provided
Yes 
Variations emissions resulted primarily initiatives energy management systems changes lighting (fixtures operations) volumes materials reuses recycled minimization waste transportation packaging

 
Question 2(g) Emissions Trading
<>i) Does company facilities covered EU Emissions Trading Scheme
No, we do not. (Please go to question 2(g)(ii) below)  

 
<>If a) provide details annual allowances awarded company Phase years 1 January 2005 31 December 2007 details allowances allocated Phase II commencing 1 January 2008 cases enter numbers punctuation example enter 2000 instead 2 000 enter allowance Metric Tonnes CO2 1 January 2005 31 December 2005

 
<>1 January 2006 31 December 2006

 
<>1 January 2007 31 December 2007

 
<>b) provide details actual annual emissions facilities covered EU ETS effect 1 January 2005 enter emissions Metric Tonnes CO2 1 January 2005 31 December 2005

 
<>1 January 2006 31 December 2006

 
<>1 January 2007 31 December 2007

 
<>Phase II annual allowances1 January 2008 – 31 December 2008

 
<>1 January 2009 – 31 December 2009

 
<>1 January 2010 – 31 December 2010

 
<>1 January 2011 – 31 December 2011

 
<>1 January 2012 – 31 December 2012

 
<>c) impact company’ s profitability EU ETS

 
<>ii) company's strategy trading participating regional and/or international trading schemes (eg EU ETS RGGI CCX) Kyoto mechanisms CDM JI projects Explain involvement following EU ETS

 
<>CDM/JI

 
<>CCX

 
<>RGGI

 
<>Others

 
<>Would like provide additional information relating question provided

 
Question 2(h) Energy Costs
<>i) identify total costs $ energy consumption fossil fuels electric power want enter number 1 ensure use decimal point (e g 0 3) comma (e g 0 3)

 
<>ii) percentage total operating costs does represent

 
<>iii) percentage energy costs incurred energy renewable sources

 
<>More details
Best Buy unable disclose dollar electricity purchased consumed Best Buy spends half percent gross revenue sources energy operations Currently unable accurately capture costs incurred purchase renewable energy

 
<>Would like provide additional information relating question provided

 
3 - Performance
Question 3(a) Reduction Plans
<>i) Does company GHG emissions reduction plan place provide details information requested currently plan place explain
Yes, we have a reduction plan in place. (Please proceed to part (ii) ) 

 
<>ii) baseline year emissions reduction plan
2005

 
<>If want information rolling target
Best Buy signed partner Climate Leaders develop comprehensive GHG inventory set aggressive achievable GHG emissions reduction goal addition significant impact expect help achieve believe Best Buy able proceed confidence strategically position reducing risks environmental laws policies implemented future Climate Leaders provides technical assistance inventory guidance documents checklists management plan forms summarize report progress assistance critical ensuring achieving goals fashion consistent way organizations measured addition positioned share progress results employees customers stakeholders

 
<>iii) emissions reduction targets period targets extend
Emissions reduction targets calculated baseline GHG emissions calculated targeted reduction place 2008 2012

 
<>iv) activities undertaking reduce emissions renewable energy energy efficiency process modifications offsets sequestration targets set timescales extend
Best Buy currently designing portfolio emissions reduction options primary focus energy efficiency waste minimization recycling existing U S stores controlled central Energy Management lighting heating cooling equipment Fiscal Year 2008 performed lighting retrofits seventy retail locations install high efficiency lighting program continue FY09 net GHG emissions reduction reuse recycling material collected electronics recycling program equivalent 166 609 metric tons carbon Best Buy strong commodities recycling program collects waste cardboard wood metal plastics quantity material recycling avoiding manufacturing disposal material conserved 474 518 000 kWh electricity FY08 Improvements reverse logistics operation decreased number trucks road eliminated 18 000 trips transportation vendors

 
<>v) investment required achieve targets time period
Investments reduce emissions specific dollar amounts determined emissions reduction programs designed

 
<>vi) emissions reductions associated costs savings achieved date result plan
investment program development expansion increased fiber recycling 20% volume plastic recycled increased 33% consumer electronics recycling volumes increased 35%

 
<>Would like provide additional information relating question provided

 
Question 3(b) Emissions Intensity
<>i) appropriate measurement emissions intensity company
Other 
Best Buy currently developing GHG inventory emission intensity measure growth retail space Final decisions appropriate measurement emission intensity approved Climate Leaders calculates emissions using Climate Leaders GHG Inventory Guidance defines Partners working EPA inventory report GHG emissions

 
<>Please company’ s emissions intensity figure measurement given want enter number 1 ensure use decimal point (e g 0 3) comma (e g 0 3)

 
<>ii) state GHG emissions intensity terms total tonnes CO2 e reported Scope 1 Scope 2 $m turnover EBITDA reporting year Scope 1/ US$millions turnover

 
<>Scope 2/ US$millions turnover

 
<>Scope 1/ EBITDA

 
<>Scope 2/ EBITDA

 
<>iii) company developed emissions intensity targets

 
<>a) answer (iii) yes state emissions intensity targets

 
<>b) answer (iii) yes state reductions emissions intensity achieved targets time period

 
<>Would like provide additional information relating question provided

 
Question 3(c) Planning
<>Do forecast company’ s future emissions and/or energy use
Yes, we do. (Please answer questions (i) to (iii) below.) 

 
<>i) provide details forecasts summarize methodology used assumptions able quantified forecasts Scope 1 Scope 2 emissions and/or electricity consumption enter numerical data page
Best Buy budgets usage U S operations based historical data projections energy management team

 
<>ii) factor cost future emissions capital expenditure planning

 
<>iii) considerations impact investment decisions

 
<>Would like provide additional information relating question provided

 
Question 3(c) (i) Planning Forecasted emissions/electricity use Year 1 answers
page gives opportunity numerical forecasts emissions electricity use possible provide emissions forecasts reporting periods Use “ Add additional year figures” button end page enter emission forecasts successive reporting periods Note enter numbers punctuation example use 2000 instead 2 000
<>Please enter accounting period used report GHG emissions details
Dates selected

 
<>Forecasted Scope 1 Direct GHG Emissions provide Forecasted Total global Scope 1 emissions Metric Tonnes CO2 e

 
<>b Forecasted Total Scope 1 emissions Metric Tonnes CO2 e Annex B countries

 
<>By country Forecasted Scope 1 emissions Metric Tonnes CO2 e individual country Using methodology state emissions forecasts country NB practical list emissions country country basis list countries significant emissions context business combine remainder “ rest world” information format (e g Excel) attach
Country Scope 1 Emissions
(metric tonnes CO2-e)

 
<>Scope 2 Indirect GHG emissions provide c Forecasted total global Scope 2 emissions Metric Tonnes CO2 e

 
<>d Forecasted total Scope 2 emissions Metric Tonnes CO2 e Annex B countries

 
<>By country Forecasted Scope 2 emissions Metric Tonnes CO2 e individual country
Country Scope 2 Emissions
(metric tonnes CO2-e)

 
<>Forecasted electricity consumptione Forecasted total global MWh purchased electricity

 
<>f Forecasted total MWh purchased electricity Annex B countries

 
<>By country – Forecasted MWh purchased electricity individual country
Country

 
<>g Forecasted total global MWh purchased electricity renewable sources

 
<>h Forecasted total MWh purchased electricity renewable sources Annex B countries

 
<>By country – Forecasted MWh purchased electricity renewable sources individual country
Country

 
<>Would like provide additional information relating question provided

 
4 - Governance
Question 4(a) Responsibility
<>Does Board Committee executive body overall responsibility climate change state overall responsibility climate change managed answer parts (i) (ii)

 
<>i) Board Committee executive body overall responsibility climate change
years ago Best Buy request direction Best Buy’ s Board Directors established Corporate Social Responsibility Governance Committee committee consists executives directors various responsibilities duties community employee environmental efforts committee Director Environmental Affairs represents framework programs regards environment management organization’ s climate change

 
<>ii) mechanism Board executive body reviews company’ s progress status regarding climate change
mechanisms allow senior level executives Board visibility Best Buy’ s environmental programs programs metrics reviewed Director Environmental Affairs summaries prepared senior executive management incorporated company’ s annual CSR report report presented reviewed Board Directors

 
<>Would like provide additional information relating question provided

 
Question 4(b) Individual Performance
<>Do assess provide incentive mechanisms individual management climate change issues including attainment GHG targets provide details
No, we do not. 

 
<>Would like provide additional information relating question provided
Yes 
time individual performance metrics created specific GHG emissions base incentive programs Best Buy provides recognition retail supply chain teams responsible execute environmental initiatives

 
Question 4(c) Communications
<>Please indicate publish information risks opportunities presented company climate change details GHG emissions plans reduce emissions following communications i) company’ s Annual Report statutory filings

 
<>ii) formal communications shareholders external parties

 
<>iii) voluntary communications Corporate Social Responsibility reporting
Yes 
participation EPA Climate Leaders GHG reduction targets published Climate Leaders website included Corporate Social Responsibility report published annually addition post information corporate climate strategy GHG reductions prior joining Climate Leaders progress meeting GHG reduction goal webpage created EPA dedicated specifically Best Buy

 
<>Would like provide additional information relating question provided

 
Question 4(d) Public Policy
<>Do engage policymakers possible responses climate change including taxation regulation carbon trading provide details

 
<>Would like provide additional information relating question provided

 
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