0 Introduction Environmental Social Governance Indexes and Glossary Environmental Overview Waste elimination and reduction Inside Environmental Investing in Circularity Climate Action Responsible Resource Use We seek to reduce operational waste, to partner with upstream suppliers on similar commitments and to activate efforts throughout our value chain. As part of our Target Forward journey, we aim to achieve zero waste to landfill in our U.S. operations by 2030, striving to adopt an approach of “innovate to eliminate.” By 2030, Target plans to divert 90% of waste from landfill through reuse, recycling, donation and reduction strategies. Zero waste involves the conservation of all resources by means of responsible production, consumption, reuse and recovery of products, packaging and materials without burning and with no discharges to land, water or air that threaten the environment or human health, as established by the Zero Waste International Alliance . The threshold to be considered “zero waste” is normally set at a minimum of 90% diversion rate. By 2025, we plan to have 50% of owned brand apparel, footwear, home and hardlines suppliers by spend achieve zero manufacturing waste to landfill ( ZMWL ). 12 Waste elimination and reduction strategies Vendor partnerships Robust vendor partnerships help enhance our waste reduction, recycling and reuse programs. Currently, 71.4% of reverse-stream material that comes back to Target is in apparel and home. Work toward our ambition for key suppliers to achieve ZMWL is already ongoing in owned brand footwear. In 2019 and 2020, we co- created the Shoe Waste Factory program with the Footwear Distributors & Retailers of America to drive continuous improvement in establishing waste management systems and divert waste from landfill. In 2021, 25 factories participated in the program, with 21 of those factories achieving zero waste to landfill 12 — collectively diverting 5,602 tons of waste. We will continue to work with participating factories to support their ongoing success, look to add additional factories to the program in the future and explore ways to use the footwear model to reduce waste across other owned brand categories. We have service providers who manage 100% of our electronics waste domestically — no materials are exported — while batteries are recycled by our hazardous waste vendors. We engage companies, including Novolex , Fresh Pak , Potential Industries and Waste Management , to recycle our packaging film. We are also continuing to pilot a textile-to-textile recycling project with Circ , converting end-of-season, overstock and end-of-life textiles into new raw materials. Our test project is turning the recycled raw material into Target-branded T-shirts for team member volunteering events. While mannequins in our stores are currently made with polyurethane, a nonrecyclable virgin plastic, we are expanding our vendor capabilities in North America to use recyclable plastic and recycled content. Additionally, we have partnered with mannequin manufacturers closer to our stores to reduce shipping distance and set up reclamation and recycling processes at these facilities to create a circular waste stream. Take-back programs Select take-back programs make recycling products and packaging simpler and more convenient for guests. In the majority of our stores, we offer front-of- store recycling for plastic bags and some electronics, and hold twice-yearly child car seat recycling events . Read more about our approach to take-back programs as part of our circularity strategy . Eliminating food waste Aligned with our Target Forward goal to achieve zero waste to landfill 12 in our U.S. operations by 2030, we plan to reduce operational food waste by 50% by 2025. So far, we have improved our forecasting and replenishment strategy, and enhanced reporting and processes. With the support of our partner Anthesis, we have also established our food waste footprint and baseline year (2017), utilizing the World Resources Institute (WRI) Food Loss & Waste Protocol . We can now start to measure, track and address our food waste “hot spots.” Should any of our stores and supply chain facilities have surplus food, they can donate eligible safe- for-consumption products to their local Feeding America member food bank. This partnership allows us to support the communities we serve while reducing our environmental impact. In 2021, we donated 106 million pounds of food, which is equivalent to 88 million meals. For food that cannot be donated, organics recycling or composting programs are currently available at 712 facilities. To continue to support our zero waste to landfill 12 goal, in 2022, we will also launch an additional 700 stores on an organics recycling program with our partner Divert Inc . Read more about our vendor partnerships, take- back programs and food waste reduction efforts as part of our circularity strategy . 12 The conservation of all resources by means of responsible production, consumption, reuse and recovery of products, packaging and materials without burning and with no discharges to land, water or air that threaten the environment or human health, as established by the Zero Waste International Alliance . The threshold to be considered “zero waste” is normally set at a minimum of 90% diversion rate. 2022 Target ESG Report 17