Best Buy
Corporate Bias Rating
Expand Summary
Risk Level:
Summary:
Best Buy scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Best Buy increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Best Buy forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Best Buy is a Bronze partner of the HRC, a corporate partner of the NGLCC, and uses its reputation and funds to support LGBTQ causes and organizations. Best Buy's CEO is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. The company opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. Best Buy is a Ceres Network Member, committed to net zero carbon emissions by 2040. For these reasons, Best Buy receives a High Risk rating.
Board Bias
Expand Summary
CEO of Best Buy
Corie S. Barry
Summary:
Headquartered in Richfield, Minnesota, Best Buy is a member of the Fortune 250 operating in the Retailing industry. Corie S. Barry and J. Patrick Doyle serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $85,425 to Republican causes and $137,535 to Democratic causes. Under their tenure, Best Buy currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$85,425
$137,535
Republican
Democrat
In the News
Expand Summary
Amazon.com , Citigroup , Yelp , Uber , Lyft , Match Group , Bumble, Inc. , Salesforce (Slack, Tableau, Mulesoft) , Levi Strauss