0 Introduction Environmental Social Governance Indexes and Glossary Governance Overview Inside Governance Oper ating E thically Promoting and Protecting Human Rights Ethical business Ethical business decisions not only comply with laws, regulations and standards that govern our business but also uphold our values, strengthen our brand, build trust and maintain connections with our team members, guests and communities. Our compliance and ethics team oversees our Ethics program. Target team members are expected to do what’s right for our business, their colleagues and our guests, modeling a strong ethical culture through their everyday decisions and actions. Code of Ethics Team members are required to follow applicable laws, Target policies and our Code of Ethics . They are expected to report any actual or suspected violations, to which Target will respond promptly and appropriately. The Code of Ethics outlines team members’ duty to also report any conflicts of interest immediately if they arise, and select team members must complete Target’s Conflicts of Interest Statement annually. Our Board members have a separate Code of Ethics, contained within our Corporate Governance Guidelines , which is tailored to their unique role. New members participate in an orientation program that covers different business aspects, including ESG-related activities. Business Partner Code of Conduct Because the actions of our suppliers and business partners reflect directly on Target, we expect them to share our commitment to the fundamental principles of respect for human rights and environmental stewardship. Our Business Partner Code of Conduct (formerly Vendor Code of Conduct) communicates this expectation and, in 2021, we updated it to include equity and inclusion initiatives. Suppliers must conduct their business with a high level of integrity and maintain transparent and accurate records. Violations of the Business Partner Code of Conduct could result in an end to the business relationship with Target. Ethics and compliance training We provide team members with guidance on ethics and compliance responsibilities relevant to their roles. Mandatory training is delivered during onboarding and then annually to reinforce these responsibilities. We offer trainings covering key topics like anti-bribery, conflicts of interest, government interactions, anti-competitive behavior, environment, food safety and privacy. We also hold trainings on employment compliance, tailored to specific operations and team functions. Anti-hate, anti-violence and anti-racism In recent years, we have witnessed a rise in societal incidences of hate-based violence and racism against groups and communities, including women, people of particular faiths, people with disabilities and people in the BIPOC and LGBTQIA+ communities. We condemn all hate, racism and violence, and have introduced anti- racism experiences, immersions and trainings for all team members. Anti-bribery and corruption We do not tolerate unethical or illegal business practices. Our Code of Ethics and Anti-Bribery Policy provide guidance that all team members must understand and follow. We strive to comply with all applicable anti-bribery laws, including the U.S. Foreign Corrupt Practices Act, and require similar compliance from vendors, suppliers, contractors, subcontractors and their agents. Team members who interact with government officials receive additional training to reinforce our anti-bribery policies and practices. Anti-competitive behavior We believe that, by complying with competition and antitrust laws, we support free and fair competition between companies. Our Antitrust Policy requires team members to comply with applicable laws and prohibits them from making agreements that restrain competition. Transparency and reporting To achieve transformative change, we believe Target must carefully manage and measure our performance against tangible goals and publicly report on our progress. Staying accountable for impacts and actions is how we maintain the trust of our suppliers, guests, team members, shareholders and partners. All Target stakeholders are engaged and involved in our ESG commitments and responsibilities. We have been sharing our corporate responsibility efforts since 1969, when we published our first Community Involvement Report. Starting in 2010, we began publishing comprehensive corporate responsibility activities and information online. We leverage several globally recognized ESG frameworks for monitoring, measuring and disclosing annual progress, including: • Global Reporting Initiative (GRI) • Sustainability Accounting Standards Board (SASB) • UN Sustainability Development Goals (UN SDGs) • Task Force on Climate-related Financial Disclosures (TCFD) • UN Guiding Principles Reporting Framework (UNGPRF) 2022 Target ESG Report 57