• Dec 02, 2011 05:20 PM EST

    Statement: President Barack Obama Announces $4 Billion Investment to Better Buildings Challenge

  • MINNEAPOLIS, December 2 – President Barack Obama today announced nearly $4 billion of investments in combined federal and private sector energy upgrades to buildings over the next two years as part of the U.S. Department of Energy’s Better Building Challenge. In June, Best Buy Co., Inc. (NYSE:BBY) joined the Challenge, which helps the company reach its goal to collectively reduce energy consumption by 20% by 2020.

     

    Since Best Buy joined, the company began implementing a new in-store energy management system that reduces energy costs and carbon outputs by 15 percent within three years. Additionally, Best Buy, which leases or owns more than 55 million square feet of retail space in the U.S., has continuously sought to build greater efficiency across its stores and operations. In 2009, the company achieved its first greenhouse gas (GHG) reduction goal of 8% per square foot, and announced a new goal of 20% reduction by 2020 over its 2009 baseline.

     

    For more information about the Better Buildings Challenge, visit the DOE site here.


     

  • Related Links

    1. Best Buy Joined Better Buildings Challege in June

    2. White House Release

About Best Buy Co., Inc.

Best Buy Co., Inc. (NYSE: BBY) is a leading multi-channel global retailer and developer of technology products and services. Every day our employees - 180,000 strong - are committed to helping deliver the technology solutions that enable easy access to people, knowledge, ideas and fun. We are keenly aware of our role and impact on the world, and we are committed to developing and implementing business strategies that bring sustainable technology solutions to our consumers and communities. For information about Best Buy, visit http://www.bby.com/.


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