0 - Introduction Environmental Social Governance Indexes and Glossary Compensation and benefits Social Overview Inside Social Supporting Our Team Members Board and Workplace Diversity Products and Guest Experiences Built on Fairness and Equity Serving and Strengthening Communities Target in action Debt-free education assistance Recognizing that financing can be a significant barrier to further education, in September 2021, we launched Dream to Be, a debt-free education assistance program for our U.S.-based part-time and full-time team members through education platform Guild . Created to further the impact of our Target Forward equity ambition, the program will enable team members to pursue undergraduate and associate degrees, certificates and bootcamp programs free of charge. Within the first year of the benefit, the debt- free offering will include more than 250 business-aligned programs from more than 40 schools, colleges and universities. Target will also cover other expenses such as textbooks and course fees. Over the next four years, we will invest $200 million in helping eliminate student debt for team members who engage in the Dream to Be benefit. Financial security Team member experience surveys to better understand key priorities (e.g., our hybrid working environment at headquarters) and experience measurement surveys to better understand the team member journey. Coupled with our Great Place to Work partnership, we put our Target team at the center as our most important asset. We offer DailyPay, a pay advance app that allows team members to request their earned but unpaid wages instantly or next day, while also providing tools to help with budgeting and savings. We continue to offer credit union membership, a 401(k) plan with matching contributions of up to 5% of eligible earnings, a 10% discount on merchandise, with an additional 20% discount on wellness items (on top of 5% for using a REDCard), and access to the Team Member Giving Fund. Our multi-channel listening program enables Target to gain additional insight into our team member experience, what’s driving the team’s engagement and how our team is experiencing our culture. More specifically, this program includes an annual census survey (Team Voice Annual), an “always on” weekly survey, topical Benefits Metric FY2021 FY2020 FY2019 Framework Number of team members eligible for a 401(k) 270,453 258,983 228,375 GRI 401-2 Number of team members participating in our 401(k) plan 129,458 122,903 115,384 Throughout 2021, we recognized the outstanding efforts of our team, who served our guests and kept our stores open during a difficult time, with more than $75 million in bonuses. The most recent of these was a $200 recognition bonus in July 2021, given to all frontline hourly team members in stores, supply chain facilities and U.S.-based headquarters hourly team members. Number of team members receiving full employer match in a 401(k) 117,034 103,000 88,234 Average team member percentage contribution to 401(k)s (for those who contribute, not including the 5% company match) 7.5% 6.1% 5.9% Number of team members receiving tuition reimbursement 2,142 1,783 1,823 Number of team members enrolled in debt-free education assistance 2,611 N/A 51 N/A 51 Number of people using Team Member Life Resources (TMLR) 29,833 52 N/A N/A Family Number of people using TMLR and Onsite Life Resources N/A 52 111,583 108,986 Our paid family leave policy provides four weeks of paid, job-protected leave for eligible part- time, full-time and salaried team members. We reimburse team members up to $10,000 for adoption (per child) or surrogacy fees (per attempt). Our backup care benefit includes an industry-leading 20 days per dependent of in- center childcare or in-home child or elder care, and Number of team members enrolled in Target Credit Union 20,111 20,328 19,616 Amount saved by team members using our wellness discount (USD) $11.3 million $11.5 million $10.6 million Team member experience Metric FY2021 FY2020 FY2019 Framework Total Target Team engagement score 77% N/A 53 76% our response to COVID-19 has included expanding eligibility to all U.S. team members. SASB CG-EC-330a.1 51 Debt-free student assistance program established in 2021. 52 Due to a change in vendor support, TMLR utilization numbers are calculated differently beginning in 2021, and will include only Employee Assistance Program utilization. 53 We did not perform an annual TeamVoice Listening program survey in 2020. 2022 Target ESG Report 36
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