- 0 Introduction Environmental Social Governance Indexes and Glossary A Message From Our Chairman and CEO Progress Highlights Q&A With Our SVP of CR Who We Are Target Forward: Our Sustainability Strategy ESG Priorities Stakeholder Engagement Progress Highlights Committed to spend more than $2 billion with Black- owned businesses by the end of 2025. Recognized by CDP as a 2021 Supplier Engagement Leader for our partnership with our supply chain on climate action. Closed on our first-ever Program-Related Investment (PRI) through the Target Foundation to support the long-term recovery and growth of Minnesota small businesses in low- to moderate- income or underbanked communities. Made a $5 million incremental commitment to community- based NGOs advancing vaccine equity among diverse populations. Unveiled our first net zero energy store in March 2022, in support of our commitments to use more renewable energy and reduce our carbon footprint. The store, in Vista, California, is powered by more than 3,400 solar panels and lower emitting natural refrigerants for its grocery systems. Launched Target Zero in 2022 to help our guests find products with packaging designed to be refillable, reusable or compostable, or made from recycled content or alternatives to plastic such as aluminum, steel and glass. Enhanced our total rewards package to create greater equity and opportunity: • Set a new starting wage range of $15–$24/hour. • In 2022, we extended Target’s medical plan to hourly store team members who work a minimum average of 25 hours a week (down from 30 hours per week). • Launched Dream to Be, our debt-free education program for the 340,000 team members in our U.S. network, as part of a $200 million investment over the next four years . Expanded our pro bono support for Black-owned small businesses beyond the Twin Cities into Atlanta, Chicago and the Bay Area in April 2022. Contributed nearly 900,000 hours of volunteering, despite the unique challenges of COVID-19. To support historically Black colleges and universities (HBCUs): • Introduced our Target Scholars Program , which will provide 1,000 first-year students with $5,000 scholarships, mentoring, internships and networking opportunities. • Became a founding supporter of the Pensole Lewis College of Business & Design , the nation’s first reopened historically Black college. Publicly shared our voting rights principles and joined 250 other organizations in signing on to the Business for Voting Rights Coalition , which would prohibit racial discrimination in voting laws, ensuring equal access to the democratic process. Confirmed through our adjusted pay analyses that women were paid 100% of the pay for men , and BIPOC were paid 100% of the pay for white team members . 2022 Target ESG Report 11