0 Introduction Environmental Social Governance Indexes and Glossary Social Overview Our economic opportunity to serve communities Inside Social Supporting Our Team Members Board and Workplace Diversity Products and Guest Experiences Built on Fairness and Equity Serving and Strengthening Communities To drive economic mobility and inclusion in society, we seek to reduce barriers and enable people to gain skills, find and secure enhanced opportunities, and ultimately improve their economic well-being. To create an equitable future for all, in October 2021, we committed to invest $100 million by 2025 to fuel economic prosperity in Black communities, as part of our REACH commitments . The funding will build on the $10 million we pledged to social justice causes in 2020, and complements our 2021 plan to significantly invest in Black-owned businesses. Funding will also go to helping Black-led nonprofits advancing racial equity and creating economic opportunity in Black communities. For example, the Minnesota Holistic Black-Led Movement Fund — part of the Philanthropic Collective to Combat Anti-Blackness & Realize Racial Justice — provides grants for transformative solutions that drive racial equity and justice. Education Our approach encompasses financial assistance to help students continue their education, as well as scholarships, internships, mentoring and other support. Target Scholars Program As part of this investment, we introduced our Target Scholars Program in April 2021. In partnership with the United Negro College Fund (UNCF) , the program provides 1,000 first-year students from HBCUs with $5,000 scholarships and access to mentoring, internship and networking opportunities. Target Scholars studying technology, design and leadership are supported with four years of college and career counseling, access to Target’s HBCU design challenges and early exposure to explore internships. We continue to listen and learn from the UNCF, HBCU alumni and Target Scholars so that we can best support scholars through their full college experience, and have announced plans for how we can maintain that support past their freshman year. Pensole Lewis College In 2021, Target became a founding supporter of the Pensole Lewis College of Business & Design (PLC) , which is the first historically Black college in the U.S. to be reopened and the first to focus on design. Target will support Pensole’s mission in providing free tuition for aspiring Black designers, engineers and business leaders. Employment We’re proud to have launched and sustained millions of careers over our 100-year history. As we’ve grown, we’ve taken care to maintain high standards for rewarding employment to new members of the workforce. We strive to build and retain a team that reflects the communities we serve. Target uses a variety of recruiting resources and partnerships through which we can source from diverse talent pools. We have also made commitments with organizations such as OneTen , which is focused on hiring, promoting and advancing one million Black individuals without a four-year degree into family-sustaining careers over the next 10 years, to help close opportunity gaps across the U.S. We are proud to be a part of the coalition that plans to train, hire and advance one million Black Americans in the Twin Cities. Learn more about careers at Target online. 2022 Target ESG Report 50