Company Directory - Best Buy Co., Inc.
Company Details - Best Buy Co., Inc.
Best Buy Co., Inc.
WebsiteRichfield, United States
ISIN: US0874911085
1000 Locations
Best Buy is a leading American multinational retailer specializing in consumer electronics, appliances, and tech products—including scooters. The company operates a mix of brick-and-mortar stores and an online platform, offering a range of services such as product installation, technical support, and repair.
CCI Score
CCI Score: Best Buy Co., Inc.
28.68
Latest Event
Best Buy Passes Tariff Costs to Consumers
On April 2, 2025, in response to President Trump's sweeping tariff announcement, Best Buy disclosed that it would pass some of the increased costs from the new tariffs onto its customers. This decision highlights the ripple effects of the administration's policies on corporate pricing strategies and consumer expenses.
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DISSENTER
Best Buy Co., Inc. is currently rated as a Dissenter.
Latest Events
- APR022025
On April 2, 2025, in response to President Trump's sweeping tariff announcement, Best Buy disclosed that it would pass some of the increased costs from the new tariffs onto its customers. This decision highlights the ripple effects of the administration's policies on corporate pricing strategies and consumer expenses.
- MAR152025
Best Buy issued a consumer warning last month that prices would rise due to the new sweeping tariffs imposed by President Trump on imports. The warning, as reported by CNET, highlights the company's effort to alert customers about anticipated cost increases for tech and other goods amid ongoing trade tensions.
- JAN012025
Best Buy has instituted a corrective action plan aimed at addressing forced labor conditions within its supplier factories. The plan encompasses measures such as cessation of harmful practices, completion of a Best Buy–approved Corrective Action Plan (CAP), payment of owed wages, reimbursement of recruitment fees, and enhanced supplier policies including mandatory training. These steps, integrated into the supplier onboarding and annual audit process, demonstrate an effort to rigorously enforce ethical labor standards.
+80
Labor Relations and Human Rights Practices
April 2
The corrective action plan directly addresses forced labor issues by mandating cessation of harmful practices, ensuring wage reimbursements, and enforcing supplier code of conduct measures with proper training. This reflects a strong commitment to labor rights and the protection of vulnerable workers.
+75
Supply Chain Ethics
April 2
By incorporating strict provisions in vendor contracts and requiring regular audits and training on its Supplier Code of Conduct, Best Buy demonstrates robust supply chain ethics. These practices ensure that suppliers adhere to human rights standards and help prevent forced labor, aligning with progressive labor and ethical supply chain practices.
- JAN012025
Best Buy's California Supply Chain Transparency Act page outlines that its Supplier Code of Conduct requires manufacturers and suppliers to adhere to strict labor and human rights standards, explicitly prohibiting forced labor. Suppliers failing to meet these standards risk termination of their business relationship with Best Buy.
+80
Supply Chain Ethics
April 2
Best Buy has implemented strict supply chain measures by incorporating language in its Supplier Code of Conduct to prohibit any form of forced labor. This measure demonstrates a strong commitment to upholding labor rights and ethical business practices in its global supply chain, aligning with anti-authoritarian and human rights protections.
- DEC312024
$620,000 in lobbying expenditures for Q4 2024 was disclosed by Best Buy, detailing efforts on issues including corporate taxes, trade with China, immigration policy, and more, raising concerns about corporate influence in political decision-making.
-40
Political Contributions and Lobbying Efforts
April 2
The disclosed $620,000 lobbying expenditure demonstrates active corporate involvement in trying to influence policy. From an anti-fascist perspective, this level of lobbying by a large multinational can be seen as an attempt to prioritize corporate interests over democratic transparency. Such behavior is risky as it can enable policies that favor corporate power, undermining public accountability.
Lobbying Update: $620,000 of BEST BUY CO INC lobbying was just disclosed
- JAN012024Best Buy Lobbying Profile
-61.48
The OpenSecrets profile on Best Buy outlines the company’s annual lobbying activities, tracking its political contributions and lobbying efforts, including data from 1998 and initiatives in 2024. This event highlights Best Buy's engagement in lobbying to influence political processes.
-70
Political Contributions and Lobbying Efforts
April 2
The OpenSecrets profile documents Best Buy's significant lobbying activities, reflecting substantial efforts to influence legislative and regulatory frameworks. From an anti-fascist perspective, such corporate lobbying can undermine democratic accountability and promote policies that favor corporate interests over public welfare, potentially contributing to authoritarian practices through corporate capture of political processes.
- JAN012024
Best Buy has adopted the Responsible Business Association’s Supplier Code of Conduct Version 8.0, which went into effect on January 1, 2024. The new code strengthens provisions for equal pay, accommodations for workers with disabilities, and improved safety, as well as reinforces ethical sourcing practices by addressing risks such as human trafficking and forced labor.
+75
Labor Relations and Human Rights Practices
April 2
The updated code includes detailed provisions for worker rights, such as equal pay and safe working conditions, demonstrating Best Buy's commitment to prioritizing human rights and dignified labor practices throughout its supply chain.
Responsible Sourcing - Best Buy Corporate News and Information
+70
Supply Chain Ethics
April 2
By implementing rigorous standards for supplier practices and conducting thorough training on ethical sourcing, Best Buy demonstrates proactive measures to ensure its supply chain avoids complicity in human rights abuses such as forced labor and human trafficking.
Responsible Sourcing - Best Buy Corporate News and Information
- JAN012024
The article reports that Best Buy contributed $450,728 in political donations and spent $1,360,000 on lobbying during the 2024 cycle, highlighting the company's active involvement in influencing political processes.
-30
Political Contributions and Lobbying Efforts
April 2
The reported figures for political contributions and lobbying by Best Buy indicate the company's engagement in activities that exert influence over political processes. From an anti-fascist perspective, such involvement raises concerns about corporate influence in democratic institutions and the potential support of policies that benefit entrenched power structures.
- FEB012021
Best Buy’s corporate communications emphasize a strong commitment to human rights, outlining how the company actively works to avoid adverse human rights impacts, remediate issues when they arise, and continually improve its human rights management practices.
+70
Labor Relations and Human Rights Practices
October 27
The corporate news page highlights Best Buy's proactive stance on human rights by committing to avoid adverse impacts and to conduct remediation and continuous improvement in human rights management. This approach demonstrates a strong alignment with ethical labor practices and respect for human rights, a positive indicator from an anti-fascist perspective.
- JAN122021
Best Buy halted campaign contributions to 147 members of Congress who objected to certifying the 2020 presidential election results, marking a stand against actions that undermine democratic processes.
+80
Political Contributions and Lobbying Efforts
March 21
Best Buy's decision to stop providing campaign contributions to lawmakers who opposed certifying the election results is a clear stance against supporting anti-democratic practices. By withdrawing financial support from those who challenged a legitimate electoral process, the company aligns itself with efforts to preserve democratic integrity and resist authoritarian influence.
Best Buy joins list of companies suspending donations to lawmakers who challenged election results
- JAN122021
In response to concerns over democratic values and recent events, Best Buy has halted its political donations to 147 congressional members who voted against certifying the election results, signaling a stand against authoritarian practices.
+80
Political Contributions and Lobbying Efforts
March 21
Best Buy's decision to suspend political donations to congressional members who opposed certifying the election reflects a clear commitment to democratic principles and a rejection of actions that may legitimize authoritarian practices. By withdrawing financial support from lawmakers undermining democratic norms, the company is distancing itself from complicity in political behavior that could bolster authoritarianism. This proactive move in its political contribution practices is particularly significant in a political climate where corporate actions have broader societal implications.
Best Buy suspends donations to congressional members who voted against certifying election
- JAN112021
Best Buy announced that it will cease campaign contributions to the 147 members of Congress who voted against the certification of the presidential election results, thereby distancing itself from funding efforts that undermine democratic processes.
+70
Political Contributions and Lobbying Efforts
April 2
Best Buy's decision to stop political contributions to those who voted against election certification represents a clear stand in support of democratic principles and against authoritarian influences. By withdrawing funds from lawmakers undermining the certification process, Best Buy aligns itself with progressive and anti-fascist values, distancing itself from practices that could enhance far-right agendas.
Best Buy ceases contributions to congresspeople who voted against election certification
- JAN112021
In response to the violent events at the Capitol and the controversial vote on election certification, Best Buy has announced it will cease campaign contributions to the 147 members of Congress who voted against certifying the presidential election. This move is seen as a commitment to democratic values and an effort to distance the company from funding policies that could undermine democracy.
+80
Political Contributions and Lobbying Efforts
March 21
Best Buy's decision to halt political contributions to those Congress members who opposed the certification of the presidential election represents a strong stance against the support of individuals who have been associated with anti-democratic actions. This proactive measure aligns the company with democratic values and reflects responsible public political behavior, reducing potential complicity in the rise of authoritarianism.
Best Buy ceases contributions to congresspeople who voted against election certification
- DEC092020
Best Buy announced a $44M commitment over a five-year period aimed at increasing workforce diversity, enhancing community engagement, and investing in educational initiatives for disinvested communities, including scholarships and tech center development.
+80
Labor Relations and Human Rights Practices
March 21
Best Buy's $44M initiative to enhance diversity and inclusion is a strong positive step towards fair labor practices and human rights. By proactively increasing representation of BIPOC and female candidates in non-hourly roles and investing in community programs like teen tech centers and scholarships, the company demonstrates a commitment to dismantling systemic inequality and promoting social justice. These efforts contribute to a reduction in the corporate support for oppressive systems and are aligned with anti-fascist economic and social values.
Best Buy commits $44M to diverse hiring, community engagement
- JUN182020
Best Buy was ranked highly in a 2020 assessment of supply chain practices, with a responsible program that audits suppliers in high-risk regions to combat forced labor and protect vulnerable workers such as foreign migrant workers. The company reimbursed over $500,000 in recruitment fees and provided in‐depth training and audits to ensure compliance with its Supplier Code of Conduct.
+70
Labor Relations and Human Rights Practices
April 2
Best Buy’s efforts to protect vulnerable worker populations by reimbursing recruitment fees and providing training and audits demonstrates a commitment to upholding labor rights and human dignity. This proactive approach contributes to a positive impact on worker rights by mitigating forced labor risks.
+75
Supply Chain Ethics
April 2
The company's comprehensive Responsible Supply Chain program—which includes third-party audits, supplier training, and strict adherence to a Supplier Code of Conduct—demonstrates robust ethical practices aimed at reducing the risk of forced labor and human trafficking within its supply chain.
- FEB062020
On February 6, 2020, Best Buy published its 'Forced Labor Not Acceptable' policy outlining comprehensive measures to prevent forced labor in its supply chain. The company demonstrates strong adherence to the ILO Core Conventions through rigorous supplier audits, mandatory training programs, and clear corrective actions, ensuring labor rights and ethical sourcing.
+100
Labor Relations and Human Rights Practices
March 21
Best Buy’s proactive approach to labor rights, including adherence to ILO Core Conventions and comprehensive supplier audits, training, and corrective measures, demonstrates exemplary labor relations and commitment to preventing forced labor.
+100
Supply Chain Ethics
March 21
The company's rigorous supply chain ethics are evident through its multi-tiered risk assessments, regular audits, mandatory supplier training on forced labor, and transparent corrective actions. These measures ensure that suppliers adhere to ethical labor standards and prevent abuses.
- DEC092005
Six current and former Best Buy employees filed a lawsuit alleging systemic discrimination against female and minority workers, claiming that company practices relegate them to lower-paying roles and hinder career advancement.
-80
Labor Relations and Human Rights Practices
March 21
The lawsuit accuses Best Buy of fostering a corporate culture that discriminates against women and minority workers by channeling them into lower-paying positions and limiting their opportunities for advancement. This behavior undermines fair labor practices and human rights, aligning poorly with anti-authoritarian values.
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Corporate Financials
- Revenue
- 2025
- $44.00B
- Total Assets
- 2025
- $15.00B
- Operating Income
- 2025
- $1.50B
- Total Equity
- 2025
- $5.40B
Employees: 100,000
Industries
- 441110
- New Car Dealers
- 441222
- Boat Dealers
- 443142
- Electronics Stores
- 453998
- All Other Miscellaneous Store Retailers
- 444130
- Hardware Stores
