Organization: Ross Stores Inc.

Year: 2019

Whereas: Whereas: In October 2018, the Intergovernmental Panel on Climate Change (IPCC) reaffirmed the 2015 Paris Agreement which aimed to strengthen the global response to the threat of climate change. As a country, the United States is still one of the Parties committed to the 2015 Paris Agreement; The 2018 IPCC report indicated that the world is projected to reach a dangerous level of climate change by the year 2040 unless drastic steps are taken to slow or reverse climate change: "[t]o limit warming to 1.5��_ degree C, mitigation would have to be large-scale and rapid"; According to a 2015 report by Citigroup, the costs of failing to address climate change could lead to a $72 trillion loss to global GDP; Ross Stores' peers that have set greenhouse gas (GHG) management goals include: TJX Companies, Target Corporation, L Brands, and PVH Corporation; Examples of other companies with GHG reduction goals include: Walmart, Apple, Johnson & Johnson, GM, AT&T, Procter & Gamble, JP Morgan Chase, McDonald's, and Microsoft; Retail store GHG emissions arise primarily from electricity usage in retail stores, as well as manufacturing and transportation of products sold to customers, yet Ross Stores has not set a long-term goal for managing GHG emissions; We believe that committing to aligning long-term business strategy with the projected long-term constraints posed by climate change is important for companies generally and Ross Stores specifically to help protect society from the ravages of climate change and to achieve sustainable long-term shareholder value; We propose that the company develop its own long term strategy consistent with the international agreements on climate change.

Resolved: Resolved: The shareholders request that the Board of Directors of Ross Stores (the "Company") prepare a climate change report to shareholders by November 1, 2019 that describes how the Company is aligning its long-term business strategy with the projected long-term constraints posed by climate change, and describe medium- and long-term goals for GHG reduction. The report should be prepared at a reasonable expense and may exclude confidential information.

Supporting Statement:Supporting Statement Proponent Recommends that the report be prepared with an eye toward the applicability of goals such as eliminating the company's carbon footprint, or reducing GHG's over the medium and long term by a fixed amount that is consistent with the 2015 Paris Climate Agreement and the 2018 IPCC report.