0 Introduction Environmental Social Governance Indexes and Glossary Workplace Social Overview Inside Social diversity Supporting Our Team Members Board and Workplace Diversity Products and Guest Experiences Built on Fairness and Equity Serving and Strengthening Communities Target in action Racial Equity Action and Change (REACH) We have long worked to create an inclusive guest experience and work environment, by advancing workforce diversity, making our stores places of safety and inclusivity, and driving positive change in the communities we serve. But in 2020, when our hometown of Minneapolis was at the center of the racial justice protests that shook the United States and the world, we felt we had to elevate our approach further. That summer, we established the Racial Equity Action and Change (REACH) committee. Composed of six senior leaders from across our company, the committee was formed to advance racial equity and create more equitable experiences for Black team members and guests across our business and the communities we serve. The committee guided our REACH strategy, through which we committed to increase the representation of Black team members across the company by 20% by 2023, with a focus on advancement, retention and hiring in specific roles where we know we still have work to do. We have also pledged to invest $100 million through 2025 to fuel economic prosperity in Black communities across the country, and committed to spend more than $2 billion with Black-owned businesses by the end of 2025. REACH activities are focused across four pillars: • Team: Building an inclusive work environment for Black team members. • Guests: Creating an inclusive guest environment for Black Americans. • Communities: Supporting Black communities. • Public Policy & Civic Engagement: Convening partners to impact civic discussions. Our REACH strategy and goals were reinforced in 2021 as one aspect of our DE&I commitments, as well as being a key component in realizing our Target Forward vision to co-create an equitable and regenerative future. Read more about workplace diversity and the progress we are making across our areas of focus . 2022 Target ESG Report 41