0 2019 2021 2022 2023 2025 2030 2040 Achieve net zero GHG emissions 15 across all scopes by 2040 (10 years ahead of the Paris Agreement). Climate Action Introduction Environmental Social Governance Indexes and Glossary Environmental Overview Net zero emissions target and reduction strategy Inside Environmental Investing in Circularity Climate Action Responsible Resource Use Our emissions commitments are ambitious, and we recognize the challenge ahead in reducing our impact while still growing our business. But this does not deter us from our work to avoid, reduce and remove emissions from the value chain. Through Target Forward, we are adopting sustainable practices such as increasing our use of renewable energy and driving energy efficiency. We have joined the Business Ambition for 1.5 ° C The timeline shows how we have ramped up our ambition, starting in 2019, and how we are looking to achieve net zero GHG emissions 15 across scopes 1, 2 and 3, by 2040 (10 years ahead of the Paris Agreement). We are committed to avoiding, reducing and removing emissions as we work toward a target of net zero. 15 and Race to Zero campaigns so that our emissions contribute to no more than 1.5°C warming, as outlined by the Intergovernmental Panel on Climate Change (IPCC) , and drive meaningful change across our sector. • Set our Science Based Targets initiative (SBT i)-approved goal to reduce absolute scope 1 and 2 emissions and scope 3 GHG emissions from retail purchased goods and services (PGS) 30% by 2030 from a 2017 baseline. • Unveiled Target For ward. • Achieved 30% absolute reduction in emissions (scopes 1 and 2) from a 2017 baseline. Scope 3: Scope 1: Scope 1 and 2: • Aim for 80% of suppliers by spend — covering all PGS — to set science-based reduction targets for scope 1 and 2 GHG emissions by 2023. • Aim to source 60% of our electricity from renewable sources for our operations. • Aim to source 100% of our electricity from renewable sources for our global oper ations. • Announced our goal of net zero GHG emissions by 2040. 15 • Updated scope 1 and 2 emissions reduction goal to 50% by 2030 from a 2017 baseline. • Joined the Business Ambition for 1.5°C and Race to Zero campaigns . Scope 3: • Engage suppliers to prioritize renewable energy and collaborate on solutions that protect, sustain and restore nature. • Aim to have at least 50% of the energy used in strategic and joint business partner owned operations come from renewables. • Aim to achieve 50% absolute reduction in operations emissions (scopes 1 and 2) from a 2017 baseline. Scope 3: • Aim to achieve 30% absolute reduction in supply chain emissions (scope 3) covering retail PGS from a 2017 baseline. 15 Net zero , as defined, is achieved when a company’s scope 1, 2 and 3 emissions are reduced to a level that is consistent with a 1.5 ° C pathway, and any residual emissions are removed from the atmosphere through either nature-based or technological carbon removal solutions (e.g., forestry, regenerative agriculture, carbon capture technology), by no later than 2050. Target has committed to being a net zero enterprise by 2040 — zero waste to landfill in U.S. operations and net zero emissions across both our operations and supply chain, inclusive of scopes 1, 2 and 3. 2022 Target ESG Report 19 2040