Introduction Environmental Social Governance Indexes and Glossary Environmental Overview Environmental Overview Inside Environmental Caring for our planet We recognize the impact our actions and business operations have on the planet. Our focus is on leveraging our size and scale to enable positive change so that future generations may thrive in a world fueled by a zero-carbon, responsibly sourced and circular economy. By partnering and innovating throughout our supply chain, and keeping inclusivity at the center of what we do, we’re striving to address the most pressing environmental challenges of our time. Our work contributes to the following SDGs : 6 ~~~~~~ 2:iGEJI m ~ 7~~D ,,, .:-e~ ,,, 15 ::...., I 12=. """""""" CX) 17::'J:':'::: @ 13: ~ 14 :nwwATIH ........... ........... Frameworks reported on: GRI SASB TCFD G G G 9 ,. --- •-:: • • 0 Total 5 renewable energy consumption 34+18+48+ 52% FY2021 RECs 34% Grid electricity 18% Percentage of owned brand 6 paper-based packaging sourced from sustainably managed forests 7 86% FY2020: 63% FY2019: 51% Waste diverted from landfill 80.8% FY2020: 80.1% FY2019: 77.5% Investing in Circularity Climate Action Responsible Resource Use Change in market-based scope 1 and 2 emissions (versus a 2017 baseline) Target has committed to being a -32.0% net zero FY2020: -26.7% FY2019: -10.5% enterprise 8 by 2040 Percentage of supplier factories that have completed the Higg Facility Environmental Module (FEM) self-assessment (or equivalent environmental data assessment) Tier 1 Tier 2 Apparel factories Fabric mills, packaging factories and trim factories 98++2 90+10+ Recognition for ESG performance CEBA U.S. EPA Green Power Partnership No. 8 Top 10 U.S. Energy No. 1 National Top 100 No. 3 Top 30 Onsite Solar Generation Buyers 2021 No. 2 Top 30 Retail No. 14 Fortune 500 2022 ESG: metrics for renewable energy consumption and scope 1 and 2 is for domestic (U.S.) operations that we have operational control under The Climate Registry General Reporting Protocol. Does not include any metrics related to Shipt. 6 Brand we own, source and sell. 7 We utilize credible independent third-party certifications to ensure sustainable sourcing of forest products 8 By 2040, Target commits to being a net zero enterprise: zero waste to landfill in its U.S. operations and net zero emissions across both its operations and supply chain, inclusive of scopes 1, 2 and 3. 2022 Target ESG Report 13 34+ 98+ 18+48+G 2+G 90+10+G 52% FY2021 90% FY2020: 56% FY2019: 48% 98% 98% 90% FY2020: 85% FY2020: 85% FY2020: 56% FY2019: 78% FY2019: 78% FY2019: 48% 5