0 Introduction Environmental Social Governance Indexes and Glossary A Message From Our Chairman and CEO Who We Are Q&A With Our SVP of CR Our purpose Our purpose is to help all families discover the joy of everyday life. Our values We bring our purpose to life through our values of inclusivity , connection and drive . Our culture Our culture is to care , grow and win together : • Care: We show up for each other, make people the priority and treat each other with respect. We believe in lifting each other up and valuing our relationships with one another and our guests above all else. • Grow: We invest in our people, focus on their development and create opportunities to reach their fullest potential. We believe that continuous learning and improving is the best way to grow our business. • Win together: We do the right thing, win the right way and succeed as a team. We believe in the collective power of difference to accomplish more, and strive to continuously make things better for each other and our guests. About us Target is a general merchandise retailer headquartered in Minneapolis, Minnesota, where our first store opened in 1962. We have nearly 2,000 stores in all 50 U.S. states and the District of Columbia, and 20 offices around the world. We are one of the largest U.S. retailers, employing approximately 450,000 full-time, part- time and seasonal team members as of January 29, 2022. Our team members help us meet the needs of more than 40 million guests a week across channels. For decades, Target has leveraged its size and scale to benefit the people and communities we serve. And we’ve deepened our commitment with Target Forward , our holistic sustainability strategy aimed at co-creating an equitable and regenerative future with our guests, partners and communities. We are committed to providing inclusive and sustainable choices that support the needs of our guests, align with their values, and uplift and protect the people, communities and ecosystems within our value chain. As we work to meet these commitments, we are guided by our Code of Ethics and a strategy that encompasses our purpose and values. No matter how our guests choose to shop with us, we aim to make their experience easy and inspiring, at an only-at-Target value. Who We Are Target Forward: Our Sustainability Strategy ESG Priorities Stakeholder Engagement Progress Highlights Awards and rankings Fortune No. 19 World’s Most Admired Companies 2022 No. 12 100 Best Companies to Work For 2022 No. 2 Best Large Workplaces in Retail 2021 No. 13 Best Large Workplaces for Women 2021 Great Place to Work-Certified™ 2022 No. 23 PEOPLE Companies that Care® 2021 Forbes 2021 No. 25 World’s Best Employers DiversityInc 2022 No. 27 Top Companies for Diversity No. 4 Top Companies for LGBTQ Employees Bloomberg 2022 Bloomberg Gender-Equality Index Member Company No. 8 Global Energy Procurement 2021 Seramount 2022 Best Companies for Multicultural Women National Retail Federation The Visionary 2022 award: Brian Cornell JUST Capital 2022 No. 6 Industry (Retail) No. 100 Overall Human Rights Campaign 2022 100% on Corporate Equality Index Disability:IN 100% on Disability Equality Index 2021 Best Places to Work Fast facts $104,611 million 1 total sales 75% of the U.S. population lives within 10 miles of a Target store 50+ owned and exclusive brands ~450,000 2 full-time, part-time and seasonal team members ~2,000 stores and 49 supply chain facilities in the U.S. 5% of our profits are donated to help strengthen our communities 1 A significant portion of our sales is from national brand merchandise. Approximately one-third of 2021 sales was related to our owned and exclusive brands. 2 As of January 29, 2022. 2022 Target ESG Report 5