II 1111 DI _____ -_-_-_---- 0 Introduction Environmental Social Governance Indexes and Glossary SDG Index About This Report GRI Index SASB Index SDG Index TCFD Index UNGPRF Index Glossary SDG Our Goals and Accomplishments Aligned Target F orward Ambition Who Is Impacted Aligned SDG T argets and Related SDGs 7. Affordable and Clean Energy Ensure access to affordable, reliable, sustainable and modern energy for all. Our Goals: • By 2025, Target aims t o have at least 50% of the ener gy used in strategic and joint business partner owned operations come from renewables. Our Accomplishments: • Currently have projects and partnerships in place that, when complete, will result in our purchasing nearly 50% of our electricity from renewable sources, well on our way t o 100% by 2030. • In 2022, retrofitted our first net zero energy store, generating more energy than it needs to operate each year through renewable sources. • Over the last eight years, we have invested approximately $391 million in energy efficiency projects, many of which have a payback of fewer than three years. • 72 stores are currently certified to the U.S. Environmental Protection Agency (EPA)’s GreenChill standards. • We have achieved ENERGY STAR certification for over 1,550 facilities, as well as ENERGY STAR Partner of the Year for Excellence Energy Management in 2022 for the seventh year in a r ow. • We are investing in contracts for off-site renewable energy and rooftop solar projects. By fiscal year-end 2021, we had installed solar at 560 sites. See chapter: Climate Action For more details: Net Zero Energy Store, Climate & Energy, Target Forward, Climate Policy, These New Solar and Wind Projects Are Big Strides Toward Target’s Renewable Ener gy Goals, Sustainable Operations, Supply Chain Environmental Responsibility • Communities where we oper ate • Environment • Regulators and policymak ers • Team members SDG Targets: 7.2, 7.3, 7.A Related SDG: 13 8. Decent Work and Economic Growth Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. SDG Business Benchmark: 100% of employees across the organization earn a living wage. Our Goals: • By 2030, Target aims to build a team that equitably reflects the communities we serve. Our Accomplishments: • We announced a new starting wage range, effective 2022, of $15 to $24, depending on the job and local market. • We build policies and programs, such as equitable systems for hiring and advancement, financial security for workers, effective anonymous channels for incident r eporting and access to gender-responsive health information and services for workers. • We are investing in team members through competitive compensation and benefits. • Economic opportunity is created through employment and contracts for goods and services, and we listen to community representatives to better understand their needs, and work t o offer our guests relevant and accessible products and experiences. • We leverage a range of financial and in-kind resources to support disaster and hunger relief, store community grant programs and local efforts to expand access to economic oppor tunity and resilience. • We support startups through Target Takeoff’s five-week program. • In 2021, we announced a $100 million investment through 2025 to help fuel economic prosperity in Black communities across the country. We’re doing so by suppor ting local, Black-led organizations to ensure that resources are specifically designed for the communities they serve. • We and CARE are partnering to empower garment workers in Bangladesh, Indonesia and Vietnam. CARE’s Dignified Work initiative aims to build confidence, trust, asser tiveness and leadership skills for female garment workers. See chapters: Supporting Our Team Members, Serving and Strengthening Communities For more details: Compensation & Human Capital Management Committee Charter , Culture, Events (Careers), Target Forward, Racial Equity Action and Change, Target’s 2021 Workforce Diversity Report, Target 2021 EE01 Report, Inside Target’s $100 Million Investment in Black Communities, Our Latest Effort in Our Commitment t o Advancing Racial Equity, Target Takeoff, Target Foundation , Community Engagement • Civil society organizations • Communities within our supply chain • Team members • Vendors SDG Targets: 8.3, 8.4, 8.5, 8.7, 8.8 Related SDG: 2 9. Industry, Innovation and Infrastructure Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation. Our Goals: • By 2025, we plan to invest in technology and modern processes to empower team members to create the employment experience of their choice through personaliz ed scheduling and leading pay for each market we operate in. Our Accomplishments: • In March 2022, we completed the conversion of our Vista, California, store to become Target’s first net zero energy store – furthering our journey toward net zero gr eenhouse gas emissions by 2040. • The Sustainable Building Council coordinates sustainability strategies and develops priorities, milestones and roadmaps. • We are building a portfolio of highly energy-efficient stores by continually adopting new technologies and operating procedures, with 1,550 facilities earning ENERGY STAR certification. See chapter: Climate Action For more details: Target Zero, Climate & Energy, Target Forward, Go Behind the Scenes at Target’s First Net Zero Energy Store — Our Most Sustainable Facility Yet , Sustainable Operations • Communities where we oper ate SDG Targets: 9.1, 9.4 • Communities within the supply chain Related SDGs: Guests 7, 13 • • Vendors 2022 Target ESG Report 91