New York Comptroller Questions Best Buy’s Commitment to LGBTQ Inclusivity

Following concerns raised by the New York state comptroller’s office, Best Buy is facing scrutiny over a reported change in its commitment to LGBTQ inclusivity. The comptroller’s office, which manages the state’s public pension fund, expressed concerns that Best Buy had offered to screen LGBTQ nonprofit donations after facing pressure from a conservative think tank. A letter sent by the comptroller to Best Buy’s CEO and board chairman highlighted the importance of diversity, equity, and inclusion for business sustainability and reputation. In response, a Best Buy spokesperson stated that the company’s standard process is to engage with shareholders and that they are currently doing so with the state comptroller. The general counsel of the conservative think tank defended the agreement with Best Buy, stating that it was aimed at preventing donations to organizations with extreme positions unrelated to Best Buy’s core business. However, the Human Rights Campaign, a leading LGBTQ advocacy group, expressed concern and stated that companies using their Corporate Equality Index distinction while working with fringe groups do not reflect true LGBTQ+ allyship.

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