Responsible sourcing means that we have expectations for our vendors, expressed via our Supplier Code of Conduct (SCC), regarding working conditions associated with the product or services we source. Then we conduct due diligence to ensure those expectations are met and we address any issues we identify. The Best Buy SCC covers Labor, Environment, Health and Safety, Ethics and Management Systems.

Best Buy is committed to the United Nations Guiding Principles on Business and Human Rights (UNGP) and the responsible sourcing of all the products and services that we procure. Doing business the right way means we understand how our operations, our products and services, and even our business relationships could affect employees, our customers and people in the communities where we operate. Further, socially responsible supply chain practices are increasingly important to our employees, customers, investors and other stakeholders.

Best Buy faces a series of procurement / supply chain risks. Egregious labor conditions, irresponsible, ethical, or unsustainable environmental practices in our supply chain pose a reputational risk to Best Buy. Further, those conditions can result in an inefficient and unreliable supply chain, which creates operational risks. Finally, new laws have emerged which hold companies responsible for some labor practices in their supply chain. This creates regulatory risks for Best Buy. Ultimately, all of these pose a financial risk to Best Buy.