0 Biodiversity Biodiversity is a critical component of Earth’s broader ecosystem, as it aids in Earth’s ability to regulate climate, provide food and medicine, and promote cultural significance in local communities. The Taskforce on Nature-related Financial Disclosures defines four “realms” of biodiversity: land, ocean, freshwater and atmosphere. This designation of biodiversity demonstrates that this topic encompasses all of our environmental and social initiatives. Protecting natural resources With our overarching goal to become both equitable and regenerative through our Target Forward strategy, we recognize our dependencies on natural resources to serve our guests, in both our general assortment and food product categories. Our current efforts to nurture and protect the four realms of biodiversity include promoting regenerative agriculture, becoming signatories of bio-economy 39 initiatives, and managing water with features like green roofs and rain gardens where possible. 39 New Plastics Economy and Ellen MacArthur Foundation . In support of our ambition to leverage soil health practices to improve at least one million acres of land by 2025, we are partnering with several suppliers on initiatives that promote regenerative agriculture . We are taking action to reduce the amount of water we use and to protect freshwater quality, quantity and access . To help preserve ocean habitats, we have sponsored research into microplastics, and work with suppliers that are green- or yellow-rated by the Monterey Bay Aquarium Seafood Watch program. Commitments and targets We have set commitments for responsibly sourcing raw materials to help preserve forests and the species that rely on them, and improve local communities and their livelihoods. Both our Forest Products Policy and Palm Oil Commitment explicitly exclude conversion of High Conservation Value or High Carbon Stock forest areas. In alignment with Target Forward, we are continuing conversations around our leading raw materials, building upon strong foundations to create biodiversity-specific commitments and targets using ongoing evidence-based strategies. We are currently undertaking benchmarking, learning and capacity building to develop a robust biodiversity commitment in line with our goals and key initiatives. Introduction Environmental Social Governance Indexes and Glossary Environmental Overview Inside Environmental Investing in Circularity Climate Action Responsible Resource Use Partnerships, initiatives and policies We are committed to relevant biodiversity partnerships, initiatives and disclosures. As we continue to build out further partnerships, we want to recognize our current collaborations that are closely related to biodiversity (see below). Partner Program Arvind Funding a program with our apparel supplier to help 500 cotton farmers in India adopt organic and regenerative farming practices over the next five years. BCI Farmers Helping train farmers to use water efficiently, reduce their use of harmful chemicals and commit to respecting worker rights and well-being. Cotton LEADS Purchasing LEADS-certified products, which address environmental impacts on land and soil, biodiversity and carbon footprint, and accountability throughout the supply chain. Earthworm Foundation Partnering on our palm oil sustainability work, including our aspiration of traceability to the mill level in our palm oil supply chain. Field to Market: The Alliance for Sustainable Agriculture Supporting continuous improvement in U.S. commodity agriculture as an Associate Member and a partner on a Continuous Improvement Accelerator Project. FishWise Partnering to monitor and continually improve the environmental sustainability, traceability and social impacts of farmed and wild-caught seafood. GreenBlue and its Sustainable Packaging Coalition Developing a guide to verify responsible sourcing. The Nature Conservancy Working as an implementation partner on initiatives to improve soil health and water stewardship. Sustainable Packaging Coalition and the American Forest Foundation Helping develop the Forests in Focus platform to engage with forest owners and identify risks in forest product supply chains. U.S. Roundtable for Sustainable Beef (USRSB) Representing the retail sector on the Board of the USRSB and helping develop goals, announced in April 2022, to make the U.S. beef industry more sustainable. 2022 Target ESG Report 27