Any company that wants to get real about meeting diversity, equity, and inclusion (DEI) goals should be willing to go on the record. That is what Best Buy decided in 2020 when it set its five-year plan to expand representation of Black, Indigenous, and people of color (BIPOC) and women employees throughout the company, create parity in retention rates, and invest in the futures of underserved youths.

Aly McDevitt is Data & Research Journalist at Compliance Week. She has a background in education and college consulting. Prior to teaching, she was an editor/author at Thomson Reuters, where she reported...