0 Net zero Introduction Environmental Social Governance Indexes and Glossary Environmental Overview Inside Environmental Inside Environmental Investing in Circularity Climate Action Responsible Resource Use Investing in Circularity Circular design is a critical part of how we will deliver our Target Forward goal to design and elevate sustainable brands 9 that are affordable, inclusive and inspirational, and essential to our ambition to innovate to eliminate waste. We are partnering across our supply chain to design solutions within our products, packaging and operations that use fewer materials, remain in use longer, and make reuse and recycling easier, while continuing to provide ease and convenience for our guests. Our inclusive design approach, Design for All , supports our evolution toward circularity and maintains our focus on providing joyful experiences for our guests. Climate Action The impacts of climate change are profound and increasingly being felt by people across the world, particularly society’s most marginalized groups. As a trusted, leading brand, Target knows that urgent action is needed. That’s why we have committed to being a net zero enterprise 10 by 2040. To meet the challenge of climate change, we’re increasing energy efficiency, using more renewable energy and implementing new practices across our value chain to reduce our carbon footprint. We are also using scenario analysis as a tool to assess the potential implications of climate-related risks. By collaborating with key partners across our value chain and joining climate coalitions, we are accelerating decarbonization at an industrywide scale. Responsible Resource Use Our planet provides the raw materials needed for our products. It is our responsibility to work to protect nature, the people who produce materials and the communities in which they live. Because many impacts associated with our products originate in our supply chains, we collaborate with suppliers to create shared positive impact and enhance transparency, leveraging our internal policies to uphold robust raw material sourcing standards. We have commitments for the responsible sourcing of forest products , chemicals , cotton , animal welfare , palm oil and seafood , with efforts aimed at nurturing biodiversity, advancing water stewardship and driving best practices in chemicals use. Our diligence to source responsibly is part of our Target Forward commitment to fostering a sustainable and inclusive supply chain that is just and equitable for all workers. 9 Brands or manufacturers with industry-leading products or services that have context-specific environmental and/or socially beneficial features, backed by credible standards or impact metrics. 10 , 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 14