Best Buy Co., Inc. is a Humankind 100 company whose ranking is based on its Humankind Value, a proprietary metric that provides an estimate of the overall dollar amount a company creates for investors, consumers, employees, and society at large.
Best Buy Co. Inc is an American international consumer electronics store. The company operates over 1,000 stores across the USA and Canada in addition to its online marketplace.
(All values are in US Dollars, where M=Million, B=Billion, T=Trillion.)
The modern technology sector includes companies providing free services that users find valuable. In our current world, access to internet search, maps, messaging, and digital media are essentially positive byproducts. This represents a lot of value beyond profit. Best Buy Co., Inc. has earned a spot in our top 100, primarily due to Economic Value ($17.2 B), Internet Search ($6.6 B), and Medical Services ($3.3 B). It creates economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders. Positive value from Medical Services contains our estimation of 68,941.0 additional years lived by people worldwide. The Humankind Value of this company can improve with reductions in Greenhouse Gases (-$1.2 B) and Workplace Injuries (-$1.0 B). Economic Value is attached to this company as a result of its direct business activities. Internet Search, Medical Services, Greenhouse Gases, and Workplace Injuries are mostly or entirely a result of supply-chain relationships. For this firm, supply chain partners increase an already positive Humankind Value.