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A message from our CEO

As a purpose-driven company, we know how important it is to draw on shared values to bring our purpose to life. To help our team members do that each and every day, we’ve created a Code of Ethics that represents our values and the promises we make to our guests, team, stakeholders, communities and culture.

In our daily work, we’re building connections with the people and the communities we serve. Every good decision strengthens those bonds and helps create a brand we can be proud of every day. 

— Brian Cornell, CEO

Code of Ethics

51�Թ� is committed to complying with all applicable laws and conducting business ethically. We uphold our values and deliver on our purpose by doing what’s right for 51�Թ�, our team and guests. Each 51�Թ� team member is required to follow the law, the Code of Ethics, “the Code,” and 51�Թ�’s policies and procedures.

The Code provides expectations to consistently guide ethical decision making, and do what’s right for 51�Թ�, our team and guests. Team members have a responsibility to report any suspected or actual ethical concerns, and always make ethical business decisions that align with 51�Թ�’s purpose and values.

Team members are made aware of the Code of Ethics and reporting channels via new hire and annual Ethics Training, and the employee handbook.

Defining ethics at 51�Թ�

51�Թ�’s commitment to ethical standards is reflected in the way we conduct business and through our actions. All team members must always consider the impact on our guests, team members, stakeholders, and our communities when making business decisions.

We must demonstrate our commitment to building a strong ethical culture by:

• Modeling 51�Թ�’s values through our decisions and actions.
• Exhibiting honesty, respect and concern for others through every interaction.
• Understanding and following 51�Թ� policies and procedures.
• Complying with all laws.
• Seeking guidance when you have ethical questions or concerns.
• Reporting any suspected violations or concerns.

By holding ourselves, our business partners and each other accountable to these standards, we deliver on our purpose and values while deepening the trust of our guests, team members, stakeholders and our communities.

Our Board members have a separate Code of Ethics, contained within our Corporate Governance Guidelines, which is tailored to the Board’s unique role. New Board members participate in an orientation program that covers various business aspects.