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Posts Tagged ‘Best Buy’

Paris Withdrawal Won’t Stop Business Sustainability

June 27th, 2017

In the wake of the United States leaving the Paris Climate Agreements, many states, cities, and individual companies have taken pledges to continue sustainability efforts. In Minnesota, we’re lucky to have major companies and thought leaders stand firm in their commitment to environmental protection, including many members of the Minnesota Sustainable Growth Coalition.

In an effort to work toward a circular economy, environmental protection and stewardship must be a high priority. Several Coalition members have issued public statements and/or been in public support of the Paris Climate Agreements, demonstrating the leadership in our community on environmental issues.

The fact is, a commitment to the Paris Agreements, and more broadly our environment, is a smart business decision no matter your priorities.

STAYING GLOBALLY COMPETITIVE

One of the main reasons that companies and government entities are still following through with climate promises is to stay competitive. Cargill issued a statement reflecting their need to remain globally competitive, concluding that the Paris accords impact “trade, economic vitality, the state of our environment, and relationships amongst the world community.” Because of this, CEO David MacLennan said Cargill will not back away from efforts
to reduce climate change.

General Mills and several leading companies (Google, Walmart, Unilever, and more) echoed that sentiment with a letter to the President to express why the Paris Climate Agreements are important to their ability to compete globally: “the agreement ensures a more balanced global effort, reducing the risk of competitive imbalances for U.S. companies.”

INNOVATION & OPEN MARKETS

Part of being globally competitive is practicing innovation. The Paris Climate Agreements helped companies to innovate and create technologies that lower business costs. That new technology allows companies to enter new markets and keep markets open. Dow commented on how they will act in light of the executive decision, saying they will “continue to advocate for smart policies that enable the reduction of global greenhouse gas emissions and ensure that global markets stay open to American exports and innovation.”

Thomson Reuters also commented on the importance of climate innovation: “In short, having a sustainability strategy integrated into your business model is an efficiency, growth and innovation driver.”

COMMITTING TO CUSTOMERS

In addition to economic arguments, Xcel Energy made a more values-driven appeal. In an op-ed, Xcel’s CEO calls out the value of their customers, and responding to their interests in achieving a higher standard of environmental protection. As a result, Xcel is already on a “path to reduce carbon emissions by 45%
by 2021, well ahead of the U.S.-Paris commitment.”

Best Buy also highlighted what they’re doing in response to customer interests, saying, “Best Buy is focused on reducing our own carbon impact, and helping our customers use less energy as well… Collective action will result in a healthier world for generations to come.”

THE BOTTOM LINE

In the end, Minnesota businesses and corporations are dedicated to the environment for more than just regulatory reasons. Investing in environmental protection is a smart business decision. Even more than that, private-sector leaders see lessened environmental protections as harmful to their organizations and global markets as a whole.

These businesses, our state, and many others are still committed to action on the environment. It’s because of that leadership that we can still look forward to climate action for years to come.

Sam Hanson

POSTED BY:

Director, Sustainability Program

Member of the Month: Best Buy

April 3rd, 2017

At Best Buy, we are thrilled to be Environmental Initiative’s member of the month. As Environmental Initiative celebrates 25 years, I want to reflect on the organization’s impact both on Best Buy as well as the greater Twin Cities community.

 

When Best Buy began our sustainability journey a decade ago, Environmental Initiative was one of the first organizations we sought out to help guide our strategy and have continued to be a trusted resource in the years since.

I see Environmental Initiative as the convener of environmental thought leaders in Minnesota. The team has built a solid network of organizations who seek to drive sustainability forward. We are part of a unique community, with 16 Fortune 500 companies in the metro area, yet a close-knit group of individuals. Perhaps it’s our Midwest values-driven organizations, but there is a small-town feeling within our sustainability community. I can pick up the phone and call my environmental counterparts at any organization in town, thanks in part to the network Environmental Initiative helped build.

Not only does Environmental Initiative connect large companies, but also brings together smaller companies, academics and government agencies, facilitating conversations on topics that affect all of us, like smart transportation, sustainable consumption and renewable energy. I appreciate the variety of programming, which engages members of my team at all levels. From the case studies presented at the Business and Environment Series, to the more specialized Sustainability Practitioners Roundtable to the advocacy-focused Policy Forums, I see a common thread of collaboration and problem-solving throughout.

 

I’m excited about the Minnesota Sustainable Growth Coalition, an Environmental Initiative-led partnership of 30 businesses working together to advance the circular economy. One aspect of the work focuses on renewable energy, a topic Best Buy is deeply connected with, as 12 percent of our 45 percent carbon reduction goal is dedicated to renewables. By facilitating an open discussion with energy providers, Environmental Initiative has helped advance green tariff design that aligns with the energy and carbon reduction goals of our respective companies.

Congratulations Environmental Initiative, on 25 years of convening, educating, advocating for the environment. We are proud to be on this journey with you.


Each month, we feature information about one of our members on the Initiative blog and on our website. Contact Sacha Seymour-Anderson anytime at 612-334-3388 ext. 8108 to learn more about this membership benefit.

Alexis Ludwig-Vogen

POSTED BY:

Director, Corporate Responsibility and Sustainability, Best Buy

Member of the Month: Best Buy Co., Inc.

January 15th, 2016

We are proud to be featured as Environmental Initiative’s member of the month. As the foremost provider of consumer technology products and services, Best Buy is committed to positively impacting the environment and our communities. We believe that effectively managing our environmental and social impacts, setting science-based goals and advancing energy-efficient consumer solutions creates long-term value for all of our stakeholders.

It’s been an exciting past few months for Best Buy sustainability, with carbon reduction taking center stage. Best Buy recently committed to reduce our carbon emissions by 45 percent by 2020 from operational improvements and renewable sourcing. This science-based goal, builds on our 2014 achievement of a 26 percent carbon reduction in our operations. Our commitment is evident in our pledge to the American Business Act on Climate Change, and in our perfect score of 100A for carbon reduction and disclosure from CDP.

Laura Bishop COP21Just a few weeks ago, 187 countries gathered in Paris and unanimously agreed to reduce their carbon emissions to confront climate change. I witnessed this historic achievement and returned home both energized and hopeful.

Best Buy has the unique ability to address the issue of climate change both within our own business and for our customers. Building on the momentum of COP21, we will continue to improve our operations to achieve our carbon goals, and we’ll also expand our renewable sourcing. As importantly, we’ll work hard to remain our customers’ trusted resource for sustainable solutions that can easily be adapted into their lives.

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A note from Environmental Initiative:
Each month, we feature information about one of our members on the Initiative blog and on our website. Contact Sacha Seymour-Anderson anytime at 612-334-3388 ext. 8108 to learn more about this membership benefit.

Laura Bishop

POSTED BY:

Vice President of Public Affairs & Sustainability, Best Buy

Member of the Month: Best Buy

November 5th, 2014

At Best Buy, we believe sustainability must be an essential element of everything we do. It’s good for our business, it’s good for our customers, and it’s good for the environment.

That’s why we are pleased to support Environmental Initiative, which brings together other like-minded Minnesota organizations and individuals. And we are honored to be featured as Environmental Initiative’s member of the month.

Best Buy has been involved with Environmental Initiative for more than 10 years. We greatly appreciate the invaluable feedback and network of environmental thought leaders that continue to help our company as we strive to do more.

We believe that engaging with diverse stakeholders is crucial for any forward-looking company that hopes to contribute to solving relevant, real-world problems. Environmental Initiative supports that by bringing together industry peers and hosting events where best practices are shared and common challenges are addressed.

Best Buy has made exciting progress in our sustainability efforts, recently celebrating a significant milestone in our e-waste recycling program. We have collected more than 1 billion pounds of consumer electronics and large appliances from customers at our 1,400 U.S. retail stores since the program launched five years ago, and we have committed to an ambitious new goal to collect an additional 2 billion pounds by 2020.

We are proud of those efforts and our support of Environmental Initiative. We look forward to continuing to collaborate on environmental issues that affect the communities in which we live and work.

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Best Buy Co., Inc. is the world’s largest consumer electronics retailer, offering advice, service and convenience – at competitive prices – to the consumers who visit its websites and stores more than 1.5 billion times each year. In the United States, more than 70 percent of Americans are within 15 minutes of a Best Buy store. Additionally, the company operates businesses in Canada, China, and Mexico. Altogether, Best Buy employs more than 140,000 people and earns annual revenues of more than $40 billion. Best Buy is proud of the work we do every day to create a thriving business while contributing to the common good.

For more information, visit www.Corporate.BestBuy.com/Sustainability or follow @BBYNews on Twitter.

Alexis Ludwig-Vogen

POSTED BY:

Director, Corporate Responsibility and Sustainability, Best Buy

Event recap: How Do You Tell Your Sustainability Story?

December 20th, 2013

On December 12th, representatives from businesses, nonprofits, government, and other interested groups gathered at Aveda Corporate Headquarters in Blaine for the final Business & Environment Session of 2013. This event was my first with Environmental Initiative; my initial impression was one of connections, both old and new – people catching up with professional connections built over time and others making new ones.

The topic was what can be a delicate balance: how do you manage expectations of both transparency and privacy when communicating about your organization’s sustainability efforts? The session included engaging speakers from business and industry, as well as facilitated tabletop conversations and informal networking.

First up was Stephanie Glazer from SASB (Sustainability Accounting Standards Board), a 501(c)3 nonprofit organization focused on developing industry-specific sustainability disclosure standards for publicly-traded companies in the US. SASB is meeting quarterly with the US Securities and Exchange Commission (SEC) and hoping to gain the organization’s endorsement of the standards, similar to those set by the Financial Accounting Standards Board (FASB) for financial reporting on the Form 10-K. Ultimately, SASB aims to benefit both investors and the public by providing an avenue for companies to share the environmental, social, and governance issues that are most relevant – or material – to their industries. (You can read more about SASB here.) SASB is using a three-step process to develop their standards:

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POSTED BY:

Master of Public Policy Candidate, University of Minnesota Humphrey School of Public Affairs

GRI Training Comes to Minneapolis for the First Time

June 1st, 2012

Environmental Initiative’s Business and Environment Series is building momentum to integrate sustainability into operational strategy. But how do we reliably measure our current impact, track progress, and determine where to focus our efforts?

The Carlson School of Management and Net Impact Minneapolis are excited to announce a groundbreaking opportunity for GRI Certification.  Taught by ISOS Group, this special two-day Global Reporting Initiative (GRI) Certified Training will be held for the first time in Minneapolis on July 19-20.

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Sally Mills

POSTED BY:

Owner, Triple Green Solutions, LLC and Board Member, Net Impact Minneapolis

GreenBiz Forum 2012: Optimistic Outlook with a Healthy Dose of Reality

January 27th, 2012

On a frigid morning last week, I joined 200 national and local business leaders at Best Buy’s LEED-certified headquarters for the Minneapolis stop of the three-city GreenBiz Forum 2012 “tour.”

For those unfamiliar with GreenBiz, they are a national group that provides resources and learning opportunities to help companies integrate environmental responsibility into their operations.

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Ellen Gibson

POSTED BY:

Senior Director, Projects & Programs

Practicing Product Stewardship: Business & Environment Session Recap

November 3rd, 2011

Last Tuesday, about 70 business leaders, sustainability practitioners, representatives from nonprofits and local and state government, and others joined Environmental Initiative for the third and final session of our 2011 Business & Environment Series. We were lucky to be hosted at Best Buy Co, Inc. headquarters – which we learned is the largest Leadership in Energy and Environmental Design (LEED) Gold Certified corporate office, the biggest composter in Minnesota, AND houses the busiest Caribou Coffee!

Besides the sustainability features of their corporate campus, Best Buy has worked hard to become a leader in electronics recycling, pledging to collect one billion pounds of used electronics (or e-waste) over the next five years – and making their location ideal to discuss the topic of last week’s Business & Environment Session, product stewardship.

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Georgia Rubenstein

POSTED BY:

Senior Manager, Sustainability Program
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