2021 CORPORATE SUSTAINABILITY REPORT Statements Contained Herein Asrepresenting the Company’S Asofanydate Views Subsequentto Thedate Ofthisreport

1 DOLLAR TREE I FAMILYD>LLM .

CORPORATE 2021 SUSTAINABILITY REPORT TWO BRANDS, ENDLESS POSSIBILITIES DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT statements contained herein asrepresenting the company’s asofanydate views subsequentto thedate ofthisreport. as aresult occurring ofdevelopments afer thedate ifits estimates even ofthisreport, change, andyoushould not rely on SEC. Except asrequired bylaw, thecompany specifically disclaimsanyobligation to update anyforward-looking statements on Form 10-K,asmaybeamendedor updated inthe company’s Quarterly Reports onForm 10-Qorother filingswiththe sustainability initiatives, andtheother factors set forth inPart I,“Item 1A.RiskFactors” intheCompany’s 2020AnnualReport company’s plansandits success inrealizing thebenefits expected to result from its initiatives andprograms, including its forward-looking statements. Important factors that could cause orcontribute to suchdiferences includeexecution ofthe or operating results, ofactivity, levels to orthetimingofevents bematerially diferent thanthoseexpressed or impliedby uncertainties, includingeconomic, legislative, regulatory, competitive, andother factors, which maycause actual financial by thecompany Matters willbeachieved. subject to forward-looking statements involveknownandunknown risksand looking statements are not guarantees that thefuture results, plans,intentions, orexpectations expressed or implied based onthecompany’s historical performance andits plans,estimates, andexpectations asofApril 1,2021.Forward- conditions orthat are not purely historical, constitute forward-looking statements. Theseforward-looking statements are a result ofits initiatives andprograms, aswellanyother statements that are not related to present facts orcurrent statements regarding projected savingsandanticipated improvements to thecompany’s businessandESGmetrics as Social, Governance (ESG)initiatives andfuture operating results, growth, plans,andbusinessstrategies, outlook, including Statements inthisCorporate Sustainability Report andDollarTree, Inc.’s website regarding thecompany’s Environmental, APPENDIX GOVERNANCE ÐICS &SUPPLYPRODUCT SAFETY CHAIN SOCIAL IMPACT ENVIRONMENTAL STEWARDSHIP COVID-19 RESPONSE OUR ESGJOURNEY WHO WEARE CEO LETTER MISSION STATEMENT Contents

50 36 25 16 41 11 9 5 3 2

1 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT business for abetter tomorrow. become a more sustainable thinking abouthow we can this mission,we are continuously wecommunities. work toward As jobs anddirectly investing inour and are dedicated to creating places where we openourstores consider how we impact the this promise. Wealsocarefully we donot want to merely fulfill convenient andafordable. But an experience that isuniquely to lives—and createeveryday needintheir the thingsthey is to make sure shoppers have peoples’ lives easier. Ourpromise simple:making something very are two brands dedicated to Dollar Tree andFamily Dollar Mission Our OUR MISSION Reinvent ourselvescontinuously Ensure consistent, profitable growth growth engines businesses—new New stores—more,New better, faster Invest inourpeople Wow thecustomer decision wemake. driven bytheWINNERstrategy , whichguidesevery from ourexecutive teamEveryone to ourassociates are OUR STRATEGY toward fulfillingourmission. and thecompany asawholeisunwavering aswework always showrespect for each other, ourcommunities, right thingsfor therightreasons. Ourcommitment to communities. Wepractice soundjudgmentanddothe responsibly andwithintegrity andcourtesy withinour We bringacan-do wedo, attitude andact to everything OUR VALUES work withothers in anhonest andconsiderate way. share inouropportunities,rewards andsuccesses, and measured andprofitable growth, empowerassociates to to customers across NorthAmerica. Weoperate with stores, focused ondeliveringgreat value andconvenience Dollar Tree isacustomer-oriented operator ofvariety

2 • • • • LETTER FROM THE CEO

Our communities are at the core of all we do. While providing customers with afordable, everyday essentials at great value and exciting products to celebrate life events, we continue to strive to be the best corporate citizen for all stakeholders – customers, associates, shareholders, vendors and the neighborhoods, towns and rural markets our more than 15,600 Dollar Tree and Family Dollar stores serve. While exceeding $25 billion in annual sales for the first time in 2020, we recognize our role as a leader in the retail space, and we encourage ourselves and others to help the world continually be a healthier, safer and more prosperous place for all. From opening and renovating thousands of energy-eficient stores, partnering with community leaders to encourage economic and social growth, supporting charitable partnerships and focusing on providing associates with development opportunities and flexible career paths – to going “above and beyond” regulatory requirements in order to source sustainable products, adopting new policies and procedures and establishing baselines to measure our progress – we are focused on our environmental, social and governance (ESG) initiatives and enhancing our reporting and transparency on these important matters. Along with a solid operational performance, Fiscal 2020 was a pivotal year for the organization, which included achieving important milestones and accomplishing several sustainability goals, such as: • Proactively reaching out to our largest institutional holders (~56% of the shares outstanding) to invite them to engage with our Governance, Investor While we have Relations and senior management teams regarding ESG matters; accomplished • Conducting a detailed assessment of our impact on “ a great deal in the environment and measuring our carbon footprint recent years, we to establish an initial baseline; remain steadfastly • Developing our first generation of climate goals aimed

CORPORATE SUSTAINABILITY REPORT SUSTAINABILITYREPORT CORPORATE at reducing our emissions and increasing our use of focused on renewable energy goals in our operations and our improvement, supply chain; • Fostering a corporate culture of Diversity, Equity and especially as Inclusion (DEI) and forming our DEI Executive Council, related to our charged to build on our progress of embracing ESG goals and

2021 DOLLAR 2021 FAMILY diferences, ensuring fair treatment and providing | equal access to opportunities and resources; initiatives.” • Participating for a second consecutive year in the Clean Production Action’s Chemical Footprint Project,

DOLLAR TREE a tool for benchmarking companies as they select

3 •• DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT EVERY DAY. SERVE THEIR COMMUNITIES ASSOCIATES –WHO CENTER DISTRIBUTION HEROES –STORE AND THANK YOU TO OUR While wehaveaccomplished agrea Dollar Tree, Inc. President andChiefExecutive Oficer Michael A.Witynski better world. Thank youfor beingpart as wecontinue ofourjourney to moveforward inourcommitment to sustainability anda of sustainable value to allstakeholders. corporate sustainability riskswhilereducing costs ultimately anddrivingeficiency, whichwebelieve ensures thecreation related to ourESGgoals andinitiatives. Thefollowing report demonstrates ourfocus onmeaningful projects that minimize • • • partners: Boys&GirlsClubsofAmerica, Operation donated $2.7 million to ourthree largest charitable giving campaign, inwhichtheCompany and associates options;where grocery shoppershavefewer dozens ofFamily Dollarstores, focused onmarkets Initiating atest offresh produce andfrozen meats in tomonitoring stores services across theU.S.; and innovative securitysolutionsandreal-time video Partnering withADT® Commercial for comprehensive high concern; safer alternatives andreduce theiruseofchemicals of Launching ourinaugural ‘Chooseto Give t deal inrecent years, weremain steadfastly committed to especiallyas improvement, ’ workplace

• • in convenient store locations. shelves stocked withessentialproducts at great value to helpmitigate COVID-19 risks,whilekeeping store Diligently maintaining safe andclean environments unprecedented and timesinmodernhistory; customerseforts to duringoneofthemost serve and bonusesinrecognition oftheirextraordinary distribution center associates withwage premiums expenditures, mainlyto r Paying approximately $279millioninCOVID-related Homefront andUnited Way ofSouthHampt eward frontline store and on Roads;

4 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT lives easier andbetter. unbelievable value that make their uncovered amazingitems at an walk away feeling have asifthey have doneourjobwhencustomers shopping shouldbefun—andthat we At DollarTree, we that believe Who We Are apparel, homedecor, andmore. food andbeverages, household cleaners, health aids, that generally ranges from $1to $10.Family Dollarsells family essentialswithcompetitively-priced merchandise discount retail stores focus ondeliveringtop value for In 2015,wemerged withtheFamily Dollarchain,whose extreme value. stretch theirdollarsto get theproducts needat they whichmeanselsewhere, that ourcustomers can Tree Canadastores. Most oftheseitems sellfor more the $1price point intheU.S. or$1.25(CAD)at Dollar items to toys andteaching at supplies—primarily merchandise—from householdessentialsandbeauty At ourDollar Tree stores, weofer arange of more than15,600stores across theU.S. andCanada. business hasgrown into aninternational retailer of From that humblestart nearly decades ago, seven our Virginia, still hometo ourcorporate headquarters. in 1953asa“five-and-dime” variety store insoutheastern The predecessor ofourDollarTree stores was founded 5

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• DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT 1980 “Only $1.00”stores in traditional “five-and- Georgia, Tennessee, greenhouse gas metrics andgoals. CSR reporting for thefirst timeon The company releases anenhanced 2021 Macon Doug Brock, dime” store format, Company founders Compton launch Inspired bythe Perry, andRay and Virginia. 1986 • Dollar Tree goes publiconthe 1990 rebranded to NASDAQ exchange. The chainis Dollar Tree 1993 Stores. • • 1995 • Virginia. in Chesapeake, Support Center Storeon its new breaks ground Dollar Tree 1997 the numberoneperforming Dollar Tree celebrates theopeningofits 5,000thstore. on theFortune 500andhas stock for theentire Fortune Family Dollar, andthecombined enterprise operates more Dollar Tree earns aplace The company completes thetransformative merger with 2000 500 duringtheyear. 1953 BENFRANKLIN VARIETY STORE, VIRGINIA NORFOLK, 2008 Report (CSR) ispublished. acquires 86Canadian Dollar Tree operates Corporate Sustainability Dollar Giantstores. • of theU.S. whenit locations outside The Company’s first its first retail 2010 2010 2011 2011 2010 2010 than 13,000stores. • 2014 2014 •

• 2015 2015 WHO WEARE • a new corporatea new management of in Chesapeake, both brands in functions and headquarters consolidates Dollar Tree continued Virginia. 2019 2019 support • 2020

6 • • • • WHO WE ARE continued

SNAPSHOT OF OUR BUSINESS Our company continues to grow while staying true to our shared mission of providing customers with fantastic value. In 2020, consolidated net sales increased to $25.51 billion and we ended the fiscal year with 15,685 retail stores.

Dollar Tree stores sell three main types of merchandise: • Consumable Merchandise: Everyday consumables, such as household paper, food, candy, health, and personal care items. • Variety Merchandise: Toys, durable houseware, gifs, stationery, party goods, and arts and crafs supplies.

• Seasonal Goods: Holiday-specific items, such as Christmas, Easter, Halloween, and Valentine’s Day merchandise.

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0 ...... ~~-- 0 0 0 0 0 0 ••111111111~0 000000000000000 2021 DOLLAR 2021 FAMILY | In 2019, we began testing multi-price assortments in more than 100 Dollar Tree stores, specifically providing even greater value and exciting products at the $3 and $5 price points. We are expanding this initiative to a total of 500 stores in 2021. DOLLAR TREE

7 •• DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT customers theInstacart andwebelieve platform isenablingusto broaden thereach ofourcustomer base. stores. Weare focused needsofourFamily onmeeting theevolving Dollar options fromcustomers more than6,000Family delivery withsame-day Dollar In late 2020,weannounced partnership ournew withInstacart, providing • • • • equivalent-value, lower-priced labels: private alongsidenamebrandleading manufacturers nationalbrands from competitively-priced offer Wenecessities andseasonalmerchandise. aquality, ofbasic with high-value assortment Dollarstores provideOur Family customers

phones and services. phones andservices. party supplies,andpersonalelectronics suchasprepaid cell Seasonal andElectronics Merchandise: Holidayitems, accessories, andshoes. Apparel andAccessories Merchandise: Clothing, fashion home decor. Home Products: Housewares, gifware, bedlinensand and householdchemicals. supplies, hardware andautomotive supplies,paper products, Consumable Merchandise: Food andbeverage, pet food and we havecreated combination anew store format for markets with populations of3,000to 4,000. distances to meet alloftheirshoppingneeds,butwe are By changingthat. building onthesuccess ofboth brands, Historically, smalltowns andrural limited markets retail havehadvery options. Shoppersofen travel long

; instacart WHO WEARE continued

8 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT on thesevalues. Dollar Tree strives to stay focused the individualswhomake them, products itsellsto its concern for operations. From thesafety of the are ingrained inits peopleandits The principlesthat guideDollarTree for its customers andassociates. a welcoming andsafe environment is focused each dayonpromoting and concern for others. Thecompany operated its businesswithintegrity From its founding, DollarTree has ENVIRONMENTAL –SOCIALGOVERNANCE Journey Our ESG In response, thecompany identifiedclimate change expanding ourCorporate Sustainability Report. more robusteven data, and in2019wecommitted to Over time,werealized that stakeholders were seeking The report isnowupdated annually. issues, socialimpact, andcorporate governance. Tree’s operations relate asthey to environmental consolidated source for information aboutDollar bringingtoReport, thecompany’s website a to first produce Corporate ourvery Sustainability of sustainability topics. Ten years ago, thisledus for more details aboutourefforts across arange our customers andourshareholders were asking a safer, more equitable world.At thesametime, how ourvendorsandsupplychaincan promote products wesell,what goes into makingthem,and was drawn standards to developing aboutthe where weworkandlive.Earlyon,ourattention to encompass concerns inthecommunities welfare, ourvisionhaswidenedoverthedecades From aninitialfocus oncustomer andassociate

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• • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT and more sustainable tomorrow. corporate ESGinitiatives, particularly DEIandclimate change, anddeepensourcommitment to helpcreate asafer, better, to improve phaseinourjourney ourprocesses marksthelaunchofanew underlies it, and disclosures around significant to view, andre-engage with,ESGconcerns that impact usall.This2021Corporate Sustainability andtheworkthat Report, day. Thechallenges presented to ourassociates, customers, andcommunities in2020gave lens through which usanew every samecommunities theunderserved” Our more than207,000associates where we“serve liveandworkinthevery At DollarTree andFamily Dollar, ourpassion hasalways beento bringincredible value to customers who needitthemost. focus, theBoardof ESGtopics ofDirectors deserving recently its revised committee charters suchthat Directors first established explicitoversightresponsibilities (viaacommittee) in2019.Expanding onthegrowing range In order to reflect that its sustainability, view specialattention, deserved asacategory theBoard ofbusinessrisk, of providing more transparency around theracial, ethnic, andgender makeupworkforce. ofourevolving have equalaccess to opportunitiesandresources. To helpmeasure oureforts, wealsoexpanded oursocialdisclosures, our associates, andourcustomers andvendors—to feel welcome and thecommunities weserve, treatment, andenableeveryone—across advocate for strategies to promote andembrace diversity, ensure fair Diversity, Equity andInclusionExecutive Council,seniormanagers can issues andoversightbyourBoard ofDirectors. Through ournewly-formed has beenmatched increasing byever management attention to these Inside ourheadquarters, theexpanding scope ofsustainability reporting and regulatory requirements, andthedemonstrated strong concerns ofourcustomers andshareholders. our continued analysisandlearning around climate change initiatives andrenewable energy, anticipated governmental months andyears, ourgoals wewillfurtherdevelop anddisclosures around environmental sustainability inresponse to 1 set long-term greenhouse gas (GHG)emissionsgoals, andto prepare aformal climate disclosure report. For the first time,DollarTree haspartnered withoutside experts to defineandmeasure its carbon emissionsfootprint, to eforts could make areal diference andset usonapath to abrighter future. focus onclimate change. Wewere drivennot onlybyadesire to calculate andmitigate, butalso by thepromise that our (Environmental, Social,andGovernance) issues,particularly around diversity, equityandinclusion(DEI),addingto our to to embark enhance journey onanew ouridentification, anddisclosure management, ofkeyrisksrelating to ESG These challenges alsogave usanopportunityto reflect more broadly approach onourprevious to sustainability and impact ofsystemic racism andinjustice onthecommunities weserve. Tree reassessed, amongother things,thedailysafety andsecurityneedsofourcustomers andassociates aswellthe widespread anguishandsparked calls renewed for socialjustice andracial equity. Inresponse to thesechallenges, Dollar deaths ofGeorge Breonna Taylor, Floyd,AhmaudArbery, Rayshard Brooks andother minoritymenandwomenunleashed customers, ourcommunities theCOVID-19 andourassociates. As pandemic took holdaround theworld,senseless wehadnosenseoftheuniquechallengesWhen wemadethiscommitment, that 2020wouldpresent to our ourcountry, about DollarTree’s response to thecrisis. as anarea focus, withbroad of new ramifications for thefuture, andset outto provide significant additionalinformation

See Environmental Stewardship, page1 6. • theNominating andCorporate Governance Committee hasbeenrenamed theNominating, Governance, • theAudit Committee’s oversightofcyber, privacy, anddata security riskshasbeendocumented ingreat detail; and • theCompensation Committee willnowoverseeandevaluate DEIandhumancapital programs, metrics engagement onESGtopics, havebeenexpanded. and Sustainability Committee andrelevant dutiesandresponsibilities, includingESGdisclosure andshareholder and management topics; OLR TREE DOLLAR OUR ESGJOURNEY INCLUSION EQUITY & DIVERSITY, I 1 Overthecoming FAMILY l?O continued IDLIAR.

10 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT And we rose to theoccasion. to provide asafe shopping environment. the sametime,ourcustomers expected us items could they not access elsewhere. At cold andflumedicine,other essential food, cleaning supplies,over-the-counter and Family Dollarto provide afordable communities whorelied onDollarTree our customers are members ofthese hit hardest by thepandemic. Manyof in disadvantaged groups, whowere weigh onmanyofus,especiallythose Today, theefects ofCOVID-19 still on ourlives norhow longitwould last. understood theimpact itwould have reached theU.S. inMarch 2020,noone When theCOVID-19 pandemic initially COVID-19 to Our Response protocols asnecessary. safety measures, andcontinuously adjust our health departments. Wehaveadopted many (CDC)aswellstatePrevention andlocal of theCenters for Disease Control and our top priority. Weadhere to theguidance of ourassociates, customers, andvendors Since thebeginning, wehavemadethesafety this challengingandofen confusing time. benefits to better supportourassociates through pay to ourfrontline workers. Wealsoadjusted our have paid more than$213millioninpremium For example, associates wehired 25,000new and our stores, weinvested heavily inourassociates. more customersAs discovered, orrediscovered

11 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT other register. partitions onboth sidesofcheckout orclosingofevery have implemented specialprotocols suchasadditional the floorplanisn’t asconducive to socialdistancing, we them through in-store PA messages. For stores where spacing onthefloorsincheckout linesandremind comply withtherequirement, wehavemarked six-feet between each other andcustomers. To helpcustomers areAssociates required to maintain sixfeet ofdistance Social Distancing email communications, oncalls, andduringstore visits. of wearing face coverings bystore andfieldleadership via areAssociates continuously reminded oftheimportance and associates alsohavetheoption to wear theirown. SSC, andinourdistribution centers to wear ontheirshifs, We provide face coverings to associates instores, at the Personal (PPE) Protective Equipment MEASURES SAFETY distribution centers. also extends to our cleaning protocol This enhanced asnecessary.services also engage third-party professional cleaning and baskets, keypads, and register counters. We and surfaces suchasdoorhandles,shoppingcarts least anhourlybasis andincludescommon areas At stores, cleaning andsanitizingtakes place onat teams withhandsanitizer andcleaning supplies. protocols across thecompany. Weprovide our We have implemented enhanced cleaning Enhanced CleaningProtocols

checks uponarrival through sensorsuponentry. Distribution center associates alsoundergo temperature to allassociates whoworkat ourdistribution centers. also extends to vendorswhovisitthestores, aswell successfully complete theself-screening. Thisassessment with CDCguidance andto stay donot homeifthey potentialand review COVID-19 exposures inaccordance requires associates to self-check for COVID-19 symptoms It shif. their health nomore thantwohoursbefore every which provides guidance for theassociates to monitor and customers, weestablished aself-assessment program In anefort to minimize exposure amongourworkforce Screenings Health Associate our shoppersandcashiers. barriers at cash registers inallofourstores to helpprotect One ofthefirst steps wetook was to install plexiglass Plexiglass Guards shoppers andassociates informed. posted at theentrance andthroughout stores to keep social distancing andwearing face coverings, are clearly Signs communicating safety requirements, including Additional Signage refine ourprocesses. allow for deepcleaning andsanitizing. Thisalsohelpsus measures for afected associates andstore closures to close contact withthem. This mayincludequarantine COVID-19 andothers whomayhavecome inprolonged trace contact between individualswhohavecontracted This protocol follows CDCguidance andallowsusto Positive CaseProtocol prohibiting dininginsideofrestaurants. allowing onepersonpercar, restricting overnighttripsand wehaveimplementednecessary, protocols suchasonly travel andminimized face-to-face meetings. Whentravel is directors, andfieldasset protection—we haverestricted For field teams—including district managers, regional TravelRestricted OUR RESPONSETO COVID-19 continued

12 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT work whensupplieswere scarce inretail locations. to allowourassociates to shopfor neededsuppliesat Within each distribution center, wecreated a“store” Centers Distribution medical planto avoidin-persondoctor’s visits. visits to assist associates enrolled intheCompany’s also waived copays onUnited Healthcare virtual associates whohadto We beabsentfrom work. leave eligibilityrulesto better supportour The Benefits team choseto relax thecompany Employee Benefits positive for thevirus. an exposure at workto someonewhohadtested and/or whoare required to quarantine because of full pay to associates whotest positive for COVID-19 evaluated. Wealsoadopted that apolicy provides cleaning protocols. Wage changes are continuously training that for was learning necessary new inthebuilding—aswellaspayevent for additional volunteeredwhen they to clean upafer aCOVID-19 sanitation pay—associates earned more perhour Distribution center associates were eligiblefor in ourfieldoperations anddistribution centers. special bonusesfor certain salariedassociates guaranteed salesbonuses.Wealsoprovided in lieuofthepremium weprovided minimum hourly-paid associates. For store managers, wage premiums for store anddistribution center Dollar Tree andFamily Dollarimplemented Pay Policy AND BENEFITS ASSOCIATE PAY SPOTLIGHT

minimize contact. the keypad to confirm atransaction butdoes Apple Pay, andGooglePay. Thisstill requires touching payment through Tap to Pay withVisa,MasterCard, Most registers are now equippedwithcontactless PaymentContactless CUSTOMERS FOR OUR CARING These policieshave since beenreinstated. temporarily suspendedreceiving bottle returns. have not previously lefourstores. Wealso inorderpolicy to ensure that purchased products temporarily suspendedourreturn andexchange For thesafety ofourcustomers andassociates, we PolicyReturn Changes conditions, andpregnant women. senior citizens, individualswithpre-existing health first shoppinghourto at-risk customers including In select markets, we continue to dedicate the Customers At-Risk Shoppingfor Early through sensors at entry doors. through sensorsat entry and alsoundergo temperature checksupon arrival areas. SSC associates must complete aself-screening dining area andcreated one-way trafic flowfor busier disinfectant wipes.Inaddition,wehaveclosedthe Conference rooms are stocked withsanitizer and stations havebeeninstalled throughout thebuilding. remotely, weprovide face masksandsanitizing To protect theSSC associates whoare not working Center Support Store OUR RESPONSETO COVID-19

continued

13 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT create care packages for residents boroughs. inallfive for carecreate packages innovation inNew York firm City. were Theitems usedto sponsored by apublic effort of apandemicrelief 1,100,000 than more with an order aspart items #10 Center Distribution inWindsor, CT, fulfilled 2020, September and late April Between early June 5,2020. 6and between April shared Heroes stories numberofUnsung the in April2020. #8465’s grand openingfollowing CDCguidance in Gorton, MA,was recognized for holdingStore senior shoppers. Andstore manager Robert Kedian NC, madeface masksandgave themaway to associate Sarah Brown inStore #472inFayetteville, of goodwill andsacrifice were shared. For example, centers—and hundreds ofheart-warming stories heroes” withinourstores anddistribution the Company began recognizing these“unsung their communities, butalsoeach other. InApril, associates rose to theoccasion to help not only Last year was especiallychallenging,andour HEROESUNSUNG WORKPLACE RESILIENCE: 478 478

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Operation Homefront. for useinsoutheast Virginia, and the Boys &GirlsClubsofAmerica United Way ofSouthHampton Roads, We alsodonated 4,000masksto the the largest gifthefundhadreceived. time ofthedonation inApril,itwas Coronavirus Recovery Fund; at the was designated for theorganization’s to United Way ofSouthHampton Roads A $250,000portionofourcorporate gif we didsowiththepandemic inmind. philanthropic partners, andin2020, make annualcontributions to our Dollar Tree andFamily Dollar THE COMMUNITY BACK TOGIVING customers wholivedcloseby. organizations intheirowncommunities to bringjoyto unable to collect toys inperson,stores partnered with Claus. AndwhenOperation Homefront volunteers were a winter wonderlandcomplete withsnowandSanta 300 families received theitems whiledrivingthrough from thesafety oftheircars. InLasVegas, for example, donated items were distributed families to military millions ofschoolsuppliesandtoys. Duringevents, families inabigway withourcustomers donating pandemic, wewere still ableto supportmilitary support to Operation Despite Homefront. the For more thanadecade, wehaveprovided significant

OUR RESPONSETO COVID-19

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14 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT created byourHumanResources team. Thisyear, associates newly-hired onlyentered abuilding for orientation. We alsomovedquicklyto remote recruiting andhiring,whichwedidsuccessfully guide thanksinpart to aninterview to create asystem that willfacilitate more remote visits. hadto visiteachthey store didinthepast. inpersonasthey Thesuccess oftheprogram hastheCompany ways reviewing leaders can virtuallyvisiteightto 15stores perdayviacameras andphoneconversations, amuchgreater numberthanif interactions. Thishashadunexpected yet positive consequences, suchasincreased productivity. For example, ourfield aresult ofCOVID-19,As wefound innovative and practical solutionsto adapt to aworldthat personal includedfewer Company Innovations compared withouroriginalplanof1,250renovations. approximately 770Family Dollarstores to theH2format (animproved modelofFamily Dollarstores) infiscal year 2020, stores and156Family Dollarstores, just nineand44stores than,respectively, fewer ouroriginalplans.Wealsorenovated during fiscal year 2020were afected byconstruction delayscaused byCOVID-19, wewere ableto open341DollarTree The pandemic alsopresented achallenge to ourstore openingandrenovation store plans.Althoughnew openings reductions inparty andseasonal goods designedfor large-group gatherings), andsupplychainchallenges. customer safety concerns, changes inthemixofproducts beingsold(suchasincreased salesofessentialproducts and the resourcefulness andingenuity ofourassociates, wehavesuccessfully addressed, amongother things,associate and an essentialbusiness,ourstores customers. haveremained openduringthepandemic to Duringthistime,through serve The COVID-19 pandemic hashadasignificant impact onvarious aspects ofourday-to-day businessandoperations. As Operations andGrowth COVID-19’S IMPACT ONOURBUSINESS digital team options through hasrolleddelivery Instacart outsame-day for greater even value andconvenience. Online customers can take advantage offree in-store pickup anddirect homedelivery, andourcompany’s from toysfor everything andkitchenware to cleaning suppliesandbaby essentials To accommodate stay-at-home orders andmeet customers where are, they we introduced theabilityto shop GI•°' saves1 ~ \l)~P'gdutl5 {eJC\U0~8,olSl)l'IV• 51.00 on . oo ~rw 'f\1,10 '"' + ··· (;lode saves1 s..,.es,.OO°"""''{Y,I' {l)Gl~piod',ICtl {ttC~8,ot5PflY• E.llP II · OA/05 . oo OUR RESPONSETO COVID-19 — through FamilyDollar.com. continued —

15 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT business by climate change. impact andaddressing therisksposedto our committed to reducing our environmental generations. we move forward, As we are change onourbusinessandallfuture the environment andtheimpact ofclimate we generate. Wecare aboutourimpact on we use,thewater we consume, andthewaste various ways, includingthrough theenergy resources andimpact theenvironment in supply chain,dependonlimited natural operations, theproducts we sellandour that ourbusiness,includingstore Weunderstand live andwork. which they and associates, andthecommunities in positive impact onthelives ofourcustomers alargeAs retailer, ourvisionisto have a Stewardship Environmental • • • • our commitments to: our Environmental Policy, whichsets out environmental initiatives. Weupdated building onourexisting in-store formalize ourenvironmental strategy, In 2020,weinitiated aprocess to ENVIRONMENT

progress to ourstakeholders. Communicate ourcommitments and reduce theirenvironmental impact; and Partner with vendorsthat alsoworkto systems;energy-eficient Upgrade ouroperations to usemore pertinent to thebusiness; change andother environmental risks plan for potential impact ofclimate Reduce ourenvironmental impact and View ourEnvironmentalView Policy

• •

• • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT sustainability strategy, includingclimate change. TheChiefLegal Oficer Our ChiefLegal Oficer isresponsible for managingouroverall environmental engagement onsuch matters. and overseethecompany’s approach to shareholder andstakeholder and opportunitiesrelated to environmental andsustainability matters, Directors, overseethecompany’s systems for evaluating material risks and recommend appropriate policiesandprocedures to theBoard of the company’s overall environmental andsustainability strategy, develop of environmental and sustainability matters afecting thecompany. TheNGSC’s responsibilities are to oversee primary The Nominating, Governance andSustainability Committee (NGSC)ofourBoard ofDirectors hasakeyrole intheoversight Governance and(4)metricsmanagement, andtargets. across its four pillars:(1)governance, (2)strategy, (3)risk disclosure that reflects therecommendations oftheTCFD, related Financial Disclosures (TCFD). Weare workingtowards guided bytherecommendations oftheTask Force onClimate- and managingclimate change risksandopportunitiesis The following section discussesourapproach for evaluating goalsenergy inouroperations andoursupplychain. reducing ouremissionsandincreasing ouruseofrenewable ourfirstwe developed generation ofclimate goals aimedat addition to calculating ourfirst GHG(greenhouse gas) footprint, change willimpact ourbusinessandlong-term strategy. In we madesignificant progress inunderstanding howclimate We continue to moveforward on these initiatives. In2020, the numberofproducts we ofer that are eficient. energy committed to helpingourcustomers lead more sustainable lifestyles by expanding miles reduction, andparticipation intheEPA’s program. SmartWay® Weare also eficiencies through investment intransportation optimization technology, backhaul to lower consumption ourenergy andcosts. In our supplychain,we are driving lighting, andinstalling management energy systems andHVAC replacement systems by replacing lightingofourstores withmore environmentally-friendly eficient, LED we have invested extensively inmakingourstores andfacilities more eficient— energy from ouroperations andsupplychainto ourproduct oferings. Over thepast decade, aretailer,As we recognize that climate change mayimpact ourbusinessinseveral ways, ANDOURBUSINESS CLIMATE CHANGE waste andproduct management; andtheirpackaging selection. and maintenance; transportation; andwater energy usage; education ofourassociates; vendorselection andexpectations; These commitments applyto allareas ofourbusiness,includingstore anddistribution center construction, renovation

ENVIRONMENTAL STEWARDSHIP to reviewto ESG matters. atleasttwiceayearmeets our Board ofDirectors of Committee Sustainability Governance and The Nominating,

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17 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT customers. Wenote below other climate change risksassociated withpotential operational andmarket changes. avalueof acarbon price. retailer, As anysignificant increase inthecost ofgoods our webuywillafect ourabilityto serve ourmostBased onourinitialassessment, significant riskisthehighercost ofgoods from oursuppliersdueto theimpacts 2 ourbusinessandvalue could impact chain that TABLE risks change Climate 1: a low-carbon economy Engineering, andLogistics to assesshowwemaybeimpacted bythephysical risksofclimate change andthetransition to Operations, Property Finance, Management, Legal, HumanResources, Product Procurement, Transportation, Governance, In 2020,weassembledfor thefirst timeacross-functional seniorleadership group withrepresentation from Real Estate, Risk Management this report For additionalinformation onourgovernance policiesandpractices, please seetheGovernance andEthics section of sustainability goals andobjectives. company. ThisCommittee isresponsible for providing executive oversightofthecompany’s progress onmeeting our In 2020,weestablished anexecutive Sustainability Committee that includeskeyleaders from various departments inthe light oftherecommendations oftheTCFD. potential for climate change impacts to ourbusinessand are beginning to evaluate climate change riskandopportunitiesin andclimateeficiency riskmitigation eforts. TheBoard ofDirectors, NGSC,andourexecutive leadership team are aware ofthe policies. TheBoard ofDirectors andapproves thecompany’s alsoreviews annualbudget, whichincludesabudget for energy environmental andsustainability risksto thebusinessandapproves ourenvironmental andsustainability strategies and periodically reports onprogress to both theNGSCandBoard ofDirectors. OurBoard ofDirectors iskept informed of

Physical Chronic Physical Acute Reputation Market Regulation RISK carbon future. Weconsidered events andriskswithina10-yeartimehorizon. Transition risksarisefrom changes,technological policy innovations,market changes,andotherfactors thatresult from thetransition to alow- Physical risksrelate to thechronic oracute changesofclimate change,such astemperature and sea-level riseandextreme weatherevents. . Changes inaverage temperatures maylead to higheroperating costs. impede physical access to ourstores. operating costs, disrupt oursupplychain,change customer buyingpatterns, result instore closures and hurricanes, tornadoes andfloods.Extreme andunpredictable weather andpatterns events mayincrease We mayexperience increased andfrequency ofextreme severity weather suchascyclones, events of products that meet orexceed regulatory, legal, and,where standards. applicable, industry isimportantcommunities to us.Wedesire weserve to havethereputation ofbeingadependablesupplier A preferences to purchase from companies that prioritize sustainability. Climate change maydriveanincrease indemandfor more sustainable, products, energy-eficient or ormoreeficiency sustainable products. and product labeling.Theseregulations alsocreate potential opportunitiesfor increased salesofhigher Extended Producer Responsibility, useofrefrigerants, carbon pricingortax, product standards eficiency These regulations mayinclude,butare not limited to, hazardous waste, plastics, recycling, single-use our operating andmerchandising costs, whichcould result inlower demandfor ourproducts. Environmental regulation relating to store anddistribution center operations andproducts could increase POTENTIAL IMPACT s acustomer-oriented, value-driven company, ourreputation amongcustomers andthepeoplein 2 and to develop ourfirst andto develop generation ofclimate goals.

ENVIRONMENTAL STEWARDSHIP continued

18 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT TABLE 2: Actions taken to address potential climate change risks and opportunities andopportunities TABLE risks change Actions climate 2: takenaddress to potential and long-term timehorizons. climate-related riskandopportunitiesonourbusiness,strategy andfinancialplanningprocess medium, overtheshort, analysis to inform ourstrategy, butweanticipate undertaking anassessmentinthefuture to consider theimpact of to address climate change impacts onourbusinessinthenear-term. Wehavenot performed aclimate-related scenario supply chainandreputation. Table 2presents howwehaveaddressed climate change impacts to date, orhowweplan avalue retailer,As climate change mayimpact manyaspects ofourbusiness,from ourproducts andoperations to our Strategy Operations Products C HAIN VALUE

due to higher energy costs.due to higherenergy cost ofoperating ourstores Regulation mayincrease the our business. these risksto belowriskfor a possibilitybutdetermined and risingtemperatures as We recognize sea rise level stores. consumers to travel to our impact theabilityofour distribution centers orcould closure ofourstores and c Extreme weather events product oferings. provide more sustainable shif to favor companies that Customer preference may product prices low. impact ourabilityto keep chain disruptions could due to regulation orsupply The increased cost ofgoods OUR BUSINESS IMP POTENTIAL ould cause temporary ACT ON

increased eficienciesandlowercosts. stores.the designfor new Theprioritization oftheseeforts isinfluenced by freezers andcoolers, completing HVAC andboilerupgrades andoptimizing management system,LED lighting,implementinganenergy replacing Theseinvestmentsand SSC eficient. more includeupgrading energy to We haveinvested significantly inmakingourstores, distribution centers accessing ourstores. An expanded e-commerce presence willreduce disruptions to consumers ice to thefreezersdry andcoolers to avoidshrinkinperishableproducts. Safety Power Shutof program to wildfires), prevent stores prepare byadding outage isexpected (includingoutages resulting from California’s Public new planning for extreme weather where events anextended electrical power and disaster planningprocess for stores andcritical infrastructure. In We consider theimpacts ofextreme weather inourriskassessment events oferings ofproducts to helpcustomers livemore sustainably. help ourcustomers lead more sustainable lifestyles. Wehaveincreased our Opportunities to expand thenumberofproducts that eficientto are energy categories associated withthehighest GHGemissionsalongtheirlifecycle. Improved ourunderstanding ofourScope 3emissions to identifytheproduct in GHGreductions inouroperations andvalue chain. stores through VirtualPower Purchase Agreements. SeeRenewable Energy We are alsoexploringthefeasibility for of securingrenewable our energy our operations andvalue chain. Dollar Tree In-Store Standard EnergyEficiency inGHGreductions in as wecontinue to grow. For adescription standard, oftheeficiency seethe improved environmental performance across ourportfolio ofstores, even standardOur eficiency stores for allnew willdrivefurtherconsistency and AND OPPORTUNIT Y ACTIONS ORPL ANS TO ADDRESSRISK energy eficiency eforts eficiency in2020. energy See GHGreductions inouroperations and value chainfor our ENVIRONMENTAL STEWARDSHIP

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19 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT OUR INITIALCLIMATE GOALS reduce ourcarbon footprint. both internally andexternally. Welookforward to translating climate risksinto opportunitiesfor ourbusinesswhilewe Standard. Thesegoals allowusto alignourinitiatives to aclimate change strategy andtrack real progress against goals, We are excited to announce ourfirst generation ofclimate goals, includingourDollarTree In-Store Energy Eficiency andTargetsMetrics Reputation and value chain Supply chain CHAIN CHAIN VALUE

on climate change. perceived inadequate action stakeholders asaresult of Negative reputation from cost ofproducing goods sold. Regulation mayincrease the manufacturing facilities. maydamageevents supplier ofextremeseverity weather Increased frequency and IMPACT ON POTENTIAL OUR BUSINESS

• • EMISSIONS SCOPE 1AND2

centers, andStore SupportCenter. across ourretail stores, distribution 2 emissionsby25%persquare foot By 2031,wewillreduce Scope 1and standards. meet ourIn-Store Eficiency Energy storesBeginning in2022, allnew will

advance sustainability initiatives that promote long-term economic success. Executive Committee to collaborate withleading businessesinVirginia to In 2021,wejoinedtheVirginia Corporate Sustainability andEnvironmental We updated ourEnvironmental Policy inApril2020. footprint, GHGreduction initiatives andGHGgoals. We enhanced oursustainability reporting includingdisclosure ofourcarbon of suppliersandportfolio ofproducts. Resilience isbuiltinto oursupplychaingivendiversebase We consider theimpacts ofextreme weather inour supplychain. events AND OPPORTUNITY AND OPPORTUNITY TOACTIONS ADDRESSRISK ORPLANS

ENVIRONMENTAL STEWARDSHIP or renewable energy targetsor renewable energy by2031. measurable greenhouse gas reduction to bewithcompanies whichhave COMMITMENT SCOPE 3GOAL/ target 75%ofoursupplierspend sustainability commitments. We our top suppliers to understand their We ar resold to thecustomer 3 Supplierspendrelated to purchased goods e c ommitted to engaging with

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20 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT stores centers and our distribution of thegoods to the transport associated with Emissions 15.3% TABLE Scope3EmissionsPercentages 3: distribution ofourgoods from oursuppliersto our distribution centers andstores, andourcorporate businesstravel. sources ofScope 3emissionsinourfootprint includepurchased goods that wesellto theconsumer, transportation and Value chainemissionsmake up80%ofourtotal GHGfootprint andtherefore represents ourmost significant impact. The Our Value Chain Emissions-Scope3 1 and2)16%ofourtotal footprint (Scopes 1,2and3). consumed at ourretail stores, distribution centers andSSC, accounts for 82%ofouroverall operational footprint (Scopes Scope 2:OurScope 2calculation includes thepurchased electricity andsteam usedinourfacilities. Theelectricity, refrigeration inourfreezers andcoolers were includedinourScope 1calculation. Scope 1:Ourtransportation vehicles (i.e., leased vehiclesanddistribution center equipment),backup generators, andthe Center (SSC). 26 distribution centers, andourheadquarters knownastheStore Support U.S.- andCanada-based facilities, includingourmore than15,600retail stores, We monitor andcollect energy, fuelconsumption data andGHGemissionsfor -Scope1and2 Our Operational Footprint to ourstores. of thegoods wesellandthetransportation ofthosegoods from oursuppliers stores anddistribution centers, theemissionsassociated withtheproduction andGHGemissionscomeOur energy weconsume from theenergy across our Energy andGreenhouse GasEmissions metric tons ofgreenhouse gas emissions(Scope 1,2andselect Scope 3)andenergy. Institute’s GHGProtocol Corporate Accounting andReporting Standard to calculate measure ourcarbon footprint to establish aninitialbaseline. WeusedtheWorldResources years, 2020marked thefirst year that we prepared acomprehensive to GHGinventory While we have beenfocused on reducing useandGHGemissionsfor ourenergy many FOOTPRINT OUR CARBON

:·································· ······· • • our stores goods wesellat produce the required to Emissions 84.7% 84.7% business travel associated withour Emissions 0.02%

ENVIRONMENTAL STEWARDSHIP

TOTAL TOTAL Scope 3 Scope 2 Scope 1 SCOPE EMISSIONS mt EMISSIONS SCOPE

Purchased g supply chaingreenhouse products. Weused theEPA’s manufacturing of the resource extraction to life emissionsfrom cycle emissions includeproduct U.S. andCanada.These our retail stores across the resold to consumers at suppliers that are then purchased from our emissions are from goods to the consumer: These CO 2 e (2020) oods resold 6,859,028 5,486,397 1,132,928 continued 239,704

21 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT • • • LEDPr Since 2012,wehave conducted avariety ofin-store initiatives: eficiency energy Our electricity consumption constitutes thelargest component ofouroperational footprint. Our Scope1and2Reduction Initiatives GHG REDUCTIONSINOUROPERATIONS ANDVALUE CHAIN the fivelargest product categories for DollarTree byemissionsin2020. gas emissionfactors for U.S. industries andcommodities to calculate emissionsfor thiscategory. Table 4belowsummarizes Frozen pizzas, smoked meats,eggproducts,fruit, pies food Frozen Chips, pretzels, cookies, popcorn Snack foods Household products,home décor, seasonalsupplies General merchandise seasonal décor offcePaper giftbags, supplies, products,papergoods,giftwrap, Paper products Candy, chocolates, gum,mints,seasonalcandy Sugar, candy, andchocolate fivetop by emissionsin2020 categories TABLE goods– Scope3Purchased 4: cooler units andadded/replaced anadditional2,800across allourfacilities. refrigerants. orrepaired Between 2017 and2020,wehaveserviced over4,400freezer and compliance withthelatest available EPA regulations to appropriately collect and dispose either replace agingfreezers andcoolers orservice instores. Inboth cases, weensure Freezer andcooler upgrades: at 800stores infiscal year stores. 2021,includingnew schedules, anddemandresponse. management Weplanto system implementanenergy approximately 15,500stores. Thesystem includesoptimized temperature, lighting Energy Management System: management Weimplemented system anenergy at distribution centers. Wealsorequire st that allnew See Appendixfor abreakdown ofourGHGandadditionalrelevant metrics ogram: Since 2016,wehave installed LEDlightingat 79%ofstores and50%of

In 2014,weimplemented aprogram to evaluate and 13.5% 11.7%

ores haveLEDlighting. 9.8% 9.0% 7.7% expand thecategories wecalculate infuture years. to refine ourunderstanding ofourScope 3emissionsand business andcurrent data availability. Wewillcontinue We identifiedthesecategories based onrelevance to the airplanes anduseofrental cars. 3 emissions.Theseemissionsare from businesstravel on business travel madeupasmallpercentage ofourScope Business travel: withmost companies As in2020,our the U.S. andthird-party facilities inCanada. international ports oforiginsto ourdistribution centers in international shipments that transport ourgoods from known asoutboundtransport), and(3)imports or between ourdistribution centers andretail stores (also optimize thedistance andloads carried, (2)transport and distribution centers, includingbackhaul carriers that categories oftransport: (1)transport between oursuppliers emissions in2020.Theseincludethefollowing sub- and distribution madeupapproximately 15%ofour Upstream transportation anddistribution: Transport

ENVIRONMENTAL STEWARDSHIP

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22 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT relocations, orexpansion projects. stores Beginning in2022,allnew willmeet thefollowing standard: part ofour2020goals,As aDollarTree wehavedeveloped In-Store Standard Eficiency Energy stores, for allnew Dollar Tree Standard EnergyEfficiency In-Store • frequency drivest HVAC upgrades: In2020,weinstalled HVAC energy-eficient units in399stores. HVAC Thesenewer units havevariable 20 TYPES OFBATTERIES:TYPES .3 7. Additionalcriteria relat Allstores willins Allstores willins the required International EnergyConservation Code; orreplac Allnew orreplacementAll new Energy management sys sensors inrestrooms; Allstores willbeequippedwith All stores willbeequippedwith All glasswillbelow emissivityglass; roofs For orr new All stores willbeequippedwithLEDlighting; and product orchemical waste are alsoincluded. orreplacementnew fountain isrequired; and recycling container; emittance thanstandard roofs; system, whichhasahighersolarreflectance andhigherthermal kWh MILLION 2 o save energy andprolong equipmentlife.o saveenergy Overthelast twoyears, weupgraded HVAC units in531stores. tall anon-electric drinkingfountain whena tall acardboard baler orcardboard ement building oof replacements, stores willhaveacool roof • • which ultimately reduces usage andGHGemissions. energy sofware to ten distribution centers. Thesetwotechnologies increase battery life andeficiency, year, weaddedbattery cell batteries monitoring onallnew androlled outbattery management temperature control, extend battery life, andensure associates’ health andsafety. Overthelast Battery Technology: Weintroduced centralized watering intheforklif batteries to improve comparison to thebattery needspriorto implementation. energy to Through twoperforklif. thisprogram, wehavecalculated asavingsof7.3millionkWhin forklifs.two typesfor allnew Also, we reduced thenumberofrequired batteries from three forklif batteries. By workingwithCrown Battery, weoptimized ourbattery needsto only needed for ourforklifs. At thebeginning ofourprogram, wehadover20diferent typesof Batt ed to reducing water consumption HVAC units willbehigh-eficiencyunits; ery Reduction:ery In2017,wepartnered withCrown Battery to reduce thetypesofbatteries tems willbeinstalled at allstores; motion detected occupancy low energy handdryers; insulation willmeet orexceed ENVIRONMENTAL STEWARDSHIP and HVAC replacements. stores withupgraded LEDlighting We are retrofitting ourexisting renovated stores asappropriate. standards f We willalsopursuethese or existing and

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23 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT • • initiatives andprograms to target reductions inwaste-related emissionsandwaste generation. Emissions generated from waste can contribute to value chainemissions.To date, wehaveinstituted anumberof Waste our SupplyChainsec For additional information onsupplierengagement, please seetheProduct Sourcing, Product Safety andEngaging with with ourtop suppliersontheircarbon strategies, including GHGgoals targets. andrenewable energy Further reduction inScope 3emissionswillrely onourengagement withoursupplychain.In2021,weset agoal to engage Suppliers Engagement with • • To date, wehaveinstituted initiatives afew andprograms to target reductions related to ourtransportation anddistribution. transportation anddistribution ofourgoods from oursuppliersto ourdistribution centers andultimately to ourretail stores. Value chainemissionscome from avariety ofsources andsuppliers.Alarge portionofourvalue chainemissionsisfrom the Our Scope3Reduction Initiatives 100% of ourtruckshippingwas completed usingEPA SmartWay-certified carriers. freight transportation eficiency. In2019,themost recent reporting year, our supplychainsustainability bymeasuring, benchmarkingandimproving transportation providers to improve fueleficiency. Thisprogram enhances reduce transportation-related carbon emissionsbycreating incentives for the U.S. EPA’s SmartWay ShipperPerformance Program that seeks to SmartWay Shipping:Inaddition,since 2013,wehaveparticipated in new batteriesnew manufactured in2020contain recycled lead from ouroldbatteries. we recycled 648,880pounds of lead acidbatteries, whichisequivalent to 15,800standard car batteries. Allofour Cr Battery recycling: In2017,wepartnered withCrown Battery abattery to develop recycling program for ourforklifs. emissions of 8,364mtCO to ourdistribution centers. In2020,we hadapproximately 6millionbackhaul miles, whichtranslates to avoided backhaulthereby reducing mile,wesavedanadditionalmileofempty empty truckdrivenback milesdriven.For every centers. Weuseavailable fleet capacity to pickupanddelivervendorshipments inboundto ourdistribution centers, Backhaul milesprogram: Ourprogram worksto reduce thenumberoftrucksthat go to andfrom thedistribution maximizes thecargo utilization ofeach trailer shipped, thereby reducing total milesdriven. t Transportation Optimization Sofware: To reduce theimpact oftrucking,wecurrently optimize fulltruckloads o reduce milesdrivenasmeasured onaper-store basis usingstate-of-the-art optimization sofware. Thissofware own Battery manufactures its batteries ina closedloopwhereby itrecycles battery cases products. into new In2020, tions of this report. tions ofthisreport. of utilizing renewable energy transactions,of utilizingrenewable energy suchasVirtualPower Purchase Agreements. We are evaluating to theuseofrenewable reduce energy ourfootprint, includingthepossibility Renewable Energy 2 e. •

our overall useofpackaging materials. impact byintegrating recyclable materials into ourpackaging andreduce fibers, metals, glass,andorganics. Inaddition,weplanto reduce our have recycled greater than1.2 milliontons of cardboard, plastics, products. Overthe past three years, ourstores anddistribution centers to engage inthecollection andrecycling ofcardboard andother waste Cardboard andplastic recycling andpackaging: Ourstores willcontinue ENVIRONMENTAL STEWARDSHIP ~ ~ Transport Partner Getting There With Cleaner Air Cleaner With There Getting 'SmartWay continued

24 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT equitable, andinclusive work environment. is alsodedicated to creating adiverse, mental and financialwellness. Ourcompany robust benefits planthat addresses physical, We are committed to providing them witha benefits to invest inourteam’s potential. continuously assessingourprograms and no matter thelocation. To that end, we are meaningful careers; nomatter theposition, equal opportunitiesto grow andbuild At DollarTree, ourassociates are given lives—both at work andat home. empower ourassociates to live theirbest to oursuccess. Ourgoal asacompany isto we consider person crucial each andevery centers, andStore SupportCenter (SSC), and America work at ourstores, distribution More than207,000associates across North People To Our A Commitment respectively. and 22%, by 30% improved have rates turnover manager Dollar andTree’s years, pastfour Family For the DollarTree.Dollar and8%for turnover by rate 18% Family for decrease ofYOY storemanager a continued in2020with leaders beststore training the and hiring Our commitmentto RETENTION

store store

25 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT and added a new free virtualphysicaland addedanew therapy resource. In 2020,wedoubledourwellnessincentive underthemedical plan have programs that can helpthemmanage chronic health conditions. such asweightloss,eating healthy, andtobacco cessation. We also Wellness Program: Wesupportassociates personalgoals inachieving time ofthrough theFamily Medical Leave Act. total can ofsixweeks.Associates alsoextend theirleave for additional children. are Associates eligibleto receive both leave benefits, for a caregiverassociates whoare oradopted for theprimary newborns Leave provides upto four weekspaid timeof(at 100%pay) for eligible weeks paid timeof(at Caregiver 100%pay) for eitherparent. Primary Parental Leave Caregiver: Parental &Primary Leave provides two traditional coverage. multitude ofproviders, withaccess to additionalperksoutside of Dental havethefreedom &Vision:Associates to choosefrom a variety ofnon-emergency medical conditions. associates to seekmedical care from thecomfort oftheirhomefor a Virtual Medical Visits: Thecompany’s medical coverage allowsfor Physical Health andMental webelieve are setting upourteams for success. our associates’ health and work-life balance, we needs ofourdiverse workforce. By supporting to eligibleassociates inorder to address the We are proud to ofer comprehensive benefits BENEFITS Bonus Program, that rewards store managers for performance. Both DollarTree andFamily Dollarofer amonthlyStore Manager Employee Stock Purchase Plan. of employeecontributions andallassociates can participate inour Savings Plan,whichprovides adollar-for-dollar match onthefirst 5% our mission.Full-time associates can participate inourRetirement to ofgender ourpolicy andracial pay equityasanimportant part of the organization, includinghourly-paid positions.Weare alsocommitted performance-based compensation opportunitiesat nearly of alllevels positions andweare apay-for-performance organization, ofering We are committed to providing market-competitive pay for all COMPENSATION

A COMMITMENT TO OURPEOPLE A COMMITMENT with acoach. such asonlinegroup sessions goals andprovides resources It helpsthemset achievable UnitedHealthcare medical plan. cost to associates through the is available at noadditional This onlineweight-loss program REAL APPEAL bonus compensation. bonus compensation. of ourstores earned 98% sales, S record company saw the In fiscal 2020, a year inwhich tore Managersin tore continued

26 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT scholarship winnerswillreceive stipends of$1,000peryear for upto four years ofcollege. Scholarship Corporation to launchascholarshipprogram for associates whohavehighschool-age children. Ten part ofour commitmentAs to supporting ourassociates andtheirfamilies, we are partnering withtheNational Merit Family Scholarship Program family-member jobloss. who experience extreme financialhardship dueto unexpected suchasnatural events disaster, family loss,illness,or In 2021,Family Dollar’s relief fund willbeexpanded company-wide. Thisfundofers financialgrants to those associates Associate Relief Fund budgeting for families. action planinadditionto alearning center to helpassociates understand topics suchasdebt management and associates witheasier tools to to helpassociates save. For example, create there isafinancialwellnesssurvey apersonal The company isnowpartnering withtheretirement planadministrator Empower Retirement®, whichprovides New Retirement PlanAdministrator universities, andfinancialaidapplication assistance. with theapplication process, discounted tuitionat over200colleges and canreimbursement, receive personalized education coaching, support while removing barriers to education. are Associates eligiblefor tuition with ValuEd, program anew designedto attract, retain, talent anddevelop In 2021,weare buildinguponourpast educational assistance programs Company Education Assistance Program NEW FOR 2021 payday earnings for flexibilityonmeeting theirbillsandexpenses. Pay benefitallowsassociates Any-Day:Thisvoluntary to advance their dollars onhealth care, dependentcare, andcommuter expenses. Reimbursement & SpendingAccounts: are Associates ableto savepre-tax of themarket price. purchase DollarTree stock (NASDAQ: DLTR) at agenerous 15%discount Dollar Tree’s EmployeeStock Purchase Program, whichallowsthemto all associates employed for at least three monthscan take advantage of Stock Purchase Program: To helpbuildtheirinvestment portfolios, of employeecontributions afer oneyear ofservice. 30 daysafer thedate ofhire. Thecompany matches 100%ofthefirst 5% 401(k): Full-time associates can participate inthe401(k)plan,beginning Health Financial tarting aFamily andtheirfamiliesof challenges they mayface. examples Afew include: Employee Assistance Program: associate isauniqueindividual,andthecompany Every can helpwithavariety

• S • Parenting andFamily Issues • Resilience Skills • Best Practices for WorkingRemotely

• FinancialandLegal Services • Caringfor AgingParents • CopingwithGrief

A COMMITMENT TO OURPEOPLE A COMMITMENT •Proprietary andConfidential •Prohibition onInsiderTraining •Conflicts ofInterest •Equal Employment Opportunity •Hours Worked andOvertime •Accurate TimeKeeping &Pay •OpenDoorPolicy •Leave ofAbsence •CodeofEthics POLICIES OUR FAIR LABOR Accommodations and DisabilityOther of Medical Information, Information, Protection Records, Protection ofPersonal Information, Company

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27 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT Trainer (MST) certifications. interactive virtualclassroom for programs suchastheModelStore was not ableto ofer in-persongroup training. Instead, wecreated an Virtual Classroom: Dueto COVID-19 travel restrictions, thecompany paper books. quickly learn howto runabrand-standard store without theuseof available iniLearn inAugust 2020—store managers were ableto Store Manager Training: program—which Withthisnew became brands to haveaccess to thesametraining systems. and Family Dollarjoinedtogether, thisallowedassociates from both based learning system called iLearn. For thefirst timesince DollarTree Online Learning Tool: In2020,welaunchedanenhanced computer- 90 daysat thecompany. associatesnew feel welcomed andsupported, especiallyduringthefirst Onboarding: In2020,weunveiledavirtualonboarding experience so continue to consider thechangingneedsofourassociates. Our planisto expand ourlearning oferings anddevelopment inthefuture aswe that focus onleadership communication development, skills,andcomputer training. variety ofgeneral training andjob-specific programs, includingvirtualopportunities in aretail store, distribution center, orStore SupportCenter. Wedothisby ofering a grow theirskillsets regardless ofwhere are they intheircareer orwhether work they We are committed to buildingaculture oflearning, onethat allows ourassociates to &DEVELOPMENTLEARNING in SupplyChainsAct statement onourwebsite. For more information, you can viewourCodeof Ethics, Codeof Vendor Conduct, andCalifornia Transparency employment ofanykind. oftheworkers. Weare dedicatedinterviews to theelimination offorced labor, childlabor, anddiscrimination in Thesocialcompliance audits are announced andinclude inspections ofthefacilities, documentation andprivate review, independent third-parties whoconduct socialcompliance audits andexisting ofits new direct importvendorfacilities. basic humanrights andallvendorsmust comply withourCodeofVendor Further, Conduct. DollarTree partners with centers, andSSC butalsoourinternational supplychain.Wewillnot conduct businesswithfactories that donot respect Dollar Tree andFamily Dollarrespect thehumanrights anddignityofallworkers innot onlyourretail stores, distribution Human RightsPolicy Code of Ethics Code ofEthics Code ofVendor Conduct TransparencyCalifornia ChainsAct inSupply

A COMMITMENT TO OURPEOPLE A COMMITMENT fully certified asnew MSTs. certified fully managerswereDollar store Dollar Tree andFamily 700 than In 2020,more

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28 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT handling thechemicals. information regarding thehazards ofeach chemical aswellsafety precautions for emergency. Therefore, wecreated of routinely apolicy andclearly communicating of exposure to hazardous substances undernormalworkingconditions orduringan Hazard Communication Program: There are someassociates whomay beat risk as welltechnical training onelectrical, mechanical, andcontrols systems. company. Maintenance technicians annuallyreceive specialized safety training, begin workingforwhen they usanditcontinues through their tenure withthe Occupational Health andSafety Training: Ourassociates receive safety training distribution centers, andto thecorporate headquarters. across thecompany. Itcommunicates health andsafety protocols to ourretail stores, Safety Department establishes standard safety protocols andoperating procedures Environmental Health andSafety Department: OurEnvironmental Health and understand havetherightto that report they safety concerns withoutfear ofretaliation. understand they are to observed, report themimmediately to amanager. Associates asking for helpifneededwhenoperating equipmentortools. Ifunsafe conditions allsafety rulesandusegood judgmenttoobserve accidents prevent andinjuries,including participation ofourorganization. level ofallassociates at are every Associates expected to Associate Responsibilities: Accident requires prevention thecontinued efort and timely manner. as safety audits for each store inorder to identifyandresolve anydeficienciesina completes training. allnecessary Managers conduct monthlysafety meetings aswell the safety program isavailable to allassociates andverifyingthat each associate Field Manager Responsibilities: Ourfieldmanagers are responsible for ensuring to help ourneighborhoodsbehealthier, safer, andmore prosperous. understands theconcerns aboutthechangingnature ofourshared communities, andweare always ways lookingfor new and innovative securitysolutionsandreal-time instores videomonitoring services across theU.S. DollarTree deeply party securityguards asanother layerofsecurity, andwehavepartnered withADT® Commercial for comprehensive enhance ourprotocols andmitigate risks,includingbyproviding ongoing associate training. Wealsoutilize third- security protocols for each store. local lawenforcement, ourtactics Weworkwith,andsupport, and evolve to further The safety ofourassociates andourcustomers is critical, andwetailor ourstore operations, current best practices, and invested millionsofdollarsinsite safety, remote monitoring, andenhanced store safety protocols. while partnering withcommunity leaders to supporteconomic andsocialgrowth. Alongsidethat investment, wehave essential, afordable items at close-to-home convenient, locations andcreate jobs,career paths andeconomic vitality We recognize that ourstores represent aninvestment insomeneighborhoodsmanyother retailers provide willnot serve, We alsocare aboutthephysical securityofourassociates andourcustomers are onthejoborshopping. whilethey training duringwork hours. a safe working environment for ourassociates. Allofourassociates participate in we have established asafety program to promote accident prevention andto achieve goal. Creating aculture ofsafety issomething the company takes seriously, very and At DollarTree andFamily Dollar, thesafety ofourassociates andcustomers isacritical PROMOTING ASAFE WORKPLACE A COMMITMENT TO OURPEOPLE A COMMITMENT

•Regular Safety Audits •Fire Safety Awareness •GuidelinesonSafe Lifing andIllness •Injury •Powered Material •Introduction to Phishing •Workplace Harassment TRAINING ADDITIONAL Practices Prevention Program Training Handling Equipment Training Prevention Training ! continued

29 • • • • A COMMITMENT TO OUR PEOPLE continued

CREATING A CULTURE OF INCLUSION At Dollar Tree and Family Dollar, our goal is to create and support a diverse and inclusive workforce where the individual diferences among us are understood, respected, and appreciated. We understand the importance of cultivating an environment that is truly accepting, and one where associates can bring their true selves to work. Creating a culture of inclusion is also critically important to our overall mission so we can connect to each other, our customers, and our community. As an industry leader, we must make diversity, equity, and inclusion a priority. Dollar Tree and Family Dollar also understand that we serve communities where the impacts of systemic racism are pervasive, and we as a company have the chance to do better in supporting them. Our executive team is coming together to do the hard work of self-examination that is required to build a more equitable and inclusive society. Our goal is to foster meaningful relationships with diverse community partners and invest more in the communities we call home. As we embark on this DEI journey to the benefit of both our associates and to the communities we serve, we are guided by our values of our can-do attitude, sound judgment, and commitment to always show respect for each other and our communities—all of which will help us move forward with achieving our DEI goals.

Diversity by the Numbers Our diverse workforce of over 207,000 associates strengthens our competitive advantage and reflects the customers we serve. These charts reflect the demographics of Dollar Tree and Family Dollar’s U.S. workforce in fiscal year 2020. Charts do not necessarily add up to 100% because they exclude “no response,” or because of rounding.

U.S. WORKFORCE Total= 204,056 :···················································• 1.4% associates Asian

44.3% CORPORATE SUSTAINABILITY REPORT SUSTAINABILITYREPORT CORPORATE • ······················· ················• 29.1% White Black

31.6% ... 20.6% 2021 DOLLAR 2021 FAMILY | Male Latino 68.4% Female •

DOLLAR TREE 4.4% Other 30 •• A COMMITMENT TO OUR PEOPLE continued

2020 New Hires 2020 Promotions

Minority 61.1% White 38.8% Minority 52.2% White 47.4%

Female 66.5% Male 33.5% Female 75.1% Male 24.9%

Board of Directors (excluding retiring) Officers, Directors & Managers (excluding Store Managers) Minority 18.2% White 81.8% Minority 24.3% White 73.5%

Female 27.3% Male 72.7% Female 37.9% Male 62.0%

1,835 persons

Store Managers Minority 40.5% White 59.3%

Female 72.1% Male 27.9%

15,332 persons CORPORATE SUSTAINABILITY REPORT SUSTAINABILITYREPORT CORPORATE We are committed to fostering an inclusive culture “ that continually strives for excellence in all aspects of our business. With this commitment, our top priority is to provide each associate with career 2021 DOLLAR 2021 FAMILY | growth opportunities in a safe, positive, and professional work environment.” BETTY CLICK

DOLLAR TREE Chief Human Resources Officer

31 •• A COMMITMENT TO OUR PEOPLE continued

OUR DIVERSITY, EQUITY AND INCLUSION (DEI) COMMITMENT Our DEI programs and initiatives are focused around four areas:

Recruitment Our goal is to continue to attract and retain diverse talent that is representative of the communities we serve at all levels of the company. We are developing standardized recruiting, interviewing, and hiring processes to help with this goal. 61% of new hires in 2020 were minority and 66.5% were female.

Retention The happier and more fulfilled our associates are coming to work, the more likely they are to stay and grow with the company. Moving forward, we will be devoting more attention to achieving successful retention strategies for diverse associates.

Advancement & Promotion We are dedicated to helping all of our associates advance in their careers. Part of our action plan is to make available more opportunities for more professional development. In 2020, 52% of promotions were minority associates and 75% were female.

Satisfaction We conduct an annual Associate Satisfaction Survey (though due to COVID-19, we did not conduct one in 2020). In 2021, we plan to resume the survey and will include a greater focus on DEI. Based on the findings, we will be able to take greater action to make sure we are meeting the needs of our associates when it comes g to DEI.

Diversity, Equity and Inclusion Executive Council The Compensation Created in 2020, this council consists of a diverse group of senior leaders from each division at the company and is working diligently to create and Committee of the Board implement the company’s DEI-focused strategies. As we work toward of Directors meets at least achieving our goals, the council will provide oversight on DEI eforts and twice a year to review DEI capture and report metrics to assess whether we are fostering meaningful organizational change across the company. and human capital matters.

Resource Groups Dollar Tree and Family Dollar are committed to forming a number of employee resource groups available for associates

CORPORATE SUSTAINABILITY REPORT SUSTAINABILITYREPORT CORPORATE to join, and we also encourage associates to come together to create new groups if desired. These resource groups are a platform for communities within a targeted demographic, as well as their allies, to come together to support each other. Our biggest and most active ERG was founded in 2019 to be a resource for our female associates organized around community, culture and customer service. Our plan is for each ERG to be aligned with a corresponding DEI Council subcommittee focused on the demographic. Each employee resource group will have an executive sponsor who is a member of the DEI Executive Council. 2021 DOLLAR 2021 FAMILY | DEI Employee Training In 2020, as we grappled with the senseless deaths of George Floyd, Breonna Taylor, and other minority men and women, we introduced three associate trainings on the topic of unconscious bias: “Understanding Unconscious Bias,”

DOLLAR TREE “Overcoming Unconscious Bias in the Workplace,” and “Overcoming Your Own Unconscious Bias.” In addition, we are

32 •• DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT governments to helpsupportthegrowth ofourshared communities. associates locally andmake itapractice to promote from within,aswellworkcloselywithlocal organizations and Dollar Tree andFamily community Dollarstrive weenter. to bringeconomic andjobsto every development Wehire EconomicDevelopmentBringing andJobs career opportunities. andconvenience, prices, aswell products, as essentialand healthy affordable offering shoppingenvironment—all while and friendly aclean,safe, are proud provide to with them communities,andwe inunderserved Dollar Treelocated areDollar stores and Family often INOURCOMMUNITIES INVESTING expand theguidein2021. and theDEIExecutive Councilis working to update and suggests ways to take action. Wealsosolicited feedback, to know around theconversation ofsystemic racism and in underrepresented groups. Itidentifiesimportant terms subject ofracism andwhat itmeans to beanallyto those Allyship Guideinorder to educate associates onthe part ofthelearningAs seriesabove,wecreated the Guide Allyship a diferent issue,suchasunconscious biasandallyship. learning materials. Eachofthefour seminarsfocused on shared presentations, personalstories from leaders, and Women ofOne,Power ofOneresource group—we systemic racism. Duringthisseries—sponsoredbythe having critical conversations withinourcompany about series to Store SupportCenter associates to assist with ofered “Creating anew aCulture ofInclusion” learning In thesummerof2020,DollarTree andFamily Dollar address concerns around racial profiling. currently workingontraining for ourstore associates to

LGBTQ workplace inclusion. for tool national benchmarking Index Equality isthe Corporate Foundation’s Rights Campaign IndexEquality survey. TheHuman 2022Corporate in the participating Dollar Tree willbeactively •To recognize Hispanic Heritage Monthin •InhonorofPrideMonthinJune,ourVP communication andemailchannels: with associates viathecompany’s internal Two Q&A-style articleswere shared interview enterprise network andvideomonitors. featured historic female icons onourinternal March, associates wore purpleto work andwe To celebrate International Women’s Dayin OTHEREACH CELEBRATING what DEImeans to him. spoke abouthisArgentinian heritage and September, ourVPofHealth andBeauty Aids of theLGBTQ community. Planning shared hisexperiences asamember A COMMITMENT TO OURPEOPLE A COMMITMENT

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33 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT collections for various causes. For example, in2020,despite thepandemic, theSSC hosted ablooddrive to supportthe The philanthropic eforts ofDollarTree extend contributions. monetary beyond Thecompany alsohosts blooddrivesand economic mobilityfor children, veterans, andfamilies inthecoastal Virginia area. other fundsare beingusedfor UWSHR’s various initiatives that are focused onbreaking ofpovertyandpromoting thecycle individuals needingassistance, supportto nonprofit agencies onthefront-lines, andlong-term planning.The recovery of $1millioninApril2020,which$250,000was usedto provide immediate COVID-19 relief through direct to services charitable partnerships. Alongwiththefundsdonated byassociates, thecompany alsomadeacorporate gifto UWSHR help facilitate the‘Chooseto Give’ campaign that empowered its Store SupportCenter associates to donate to allthree To supportits neighborsin southeastern Virginia, thecompany announced partnership its new withUWSHR in2020to dollars to thecharitable partners. Additionally, weworked throughout theyear withourvendorpartners andcustomers to donate millionsofadditional partners: Boys&GirlsClubofAmerica, Operation andUnited Homefront, Way ofSouthHampton Roads (UWSHR). exception. In2020,DollarTree together withits associates contributed atotal of$2.7millionto three maincharitable We prideourselvesonouractive andongoing commitment to ourphilanthropic partners—and last year was no active members military andveterans. the arts, underrepresented youths, and and populations, includingmedical research, organizations that supportavariety ofcauses a diverse group oflocal, national, andglobal to ourc Another way that DollarTree gives back EFFORTS PHILANTHROPIC need. store, they grocery shopperscan findeverything Dollar store, withtheirexceptional values, andatraditional experiences for ourcustomers. Between aDollarTree orFamily store.miles ofagrocery Inthisway, weofer complementary are alsolocated inthesameshoppingcenter asorwithinafew In additionto havingstores communities, many inunderserved Locations Complementary in manylocations. aford. Wealsoaccept SNAPandEBT debitcards (food stamps) critical cleaning suppliesandpaper goods, allat prices can they bread,as eggs, milk, andfrozen fruits andvegetables to today’s in betweenvisits—from theirgrocery healthy food items such close-to-home store where customers can shopfor essentials ourstoresbelieve can beasolution,providing aconvenient, By havingstoresdesert. inlocations where others won’t, we choose not to operate, whichcan lead to thecreation ofafood There are manyneighborhoodswhere traditional supermarkets Operating inFood Deserts ommunities isby contributing to

more stores andcommunities. We are expanding thistest in2021to items, aswell asbeef, poultry, andpork. convenient access to basic produce is to provide thesecustomers with have fewer grocery options. Ourgoal neighborhoods where shoppers of Family Dollarstores, focusing on produce andfrozen meats indozens In 2020,we initiated atest offresh A COMMITMENT TO OURPEOPLE A COMMITMENT continued

34 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT “ Our Corporate Givingwebsite explainsmore: dollartree.com/corporate-giving hospitals inMemphisandChicago; andMeals onWheelsinSouthCarolina. including various chapters ofMake-A-Wish® andRonald McDonaldHouse;children’s including acompany match –to local charitiesincommunities where weoperate, In 2020,more than$130,000was donated byourdistribution center associates – LocalCommunities to Contributing Dollar Tree Associates Center DollarDistribution andFamily resources for youthandfamilies inlocal communities.” dedicated partners to ourmission.Theirsupportwillhelpprovide muchneeded thankful to haveDollarTree, Family Dollar, andTheCoca-Cola Company as President are andCEO, Boys&GirlsClubsofAmerica so Jim Clark, said“We inhelpingtheyouthoftoday becomeAmerica theleaders serves oftomorrow. locations andthecompany recognizes theimportant role Boys&GirlsClubsof to local communities. ManyFamily Dollarstores share neighborhoodswithClub healthcare workers andfirst responders, andto provide out-of-school services Other donated meals to fundsare beingusedto youth,supportfamilies serve of Club membersto buildcritical leadership skills. Southeast Virginia Youth oftheYear program, whichprovides opportunitiesfor teen America. In2020,thecompany was alsothetitlesponsorfor theBoys&GirlsClubof Cola products, resulting ina$1milliondollardonation to theBoys&GirlsClubof Family Dollardonated apercentage ofpurchases that includedparticipating Coca- SipCount”campaign.for the“Make Duringthiscampaign, Every Coca-Cola® and For thethird year inarow, Familyteamed up DollarandTheCoca-Cola Company® Boys ClubofAmerica &Girls Spotlight: Partner Charitable America, Operation andUWSHR. Homefront, mor American Red Cross. Wealsofacilitated duringwhich ourChange Brigade event, e than4,000face maskswere collected anddonated to Boys&GirlsClubof BOB SASSER, Executive Chairman ” efforts. giving charitable continued supporting to andlookforward Give” campaign “Chooseto inaugural ofthe results ofthe proud especially Iam benefits. andlong-term impact immediate most have the they will where resources channel Company to strives the partnerships, ourcharitable Through and communityactivities. sponsorships, contributions, meaningful ways financial through in we butalsogives back operate, inwhich communities the DollarTreein ourlocalneighborhoods. serves only not have apositive impact that volunteering charities talent, for atalllevels andassociates of Directors and time give their DollarTree, At OurBoard we have service. apassionfor A COMMITMENT TO OURPEOPLE A COMMITMENT

•Virginia Foundation of •Lynnhaven River NOW •JuniorAchievement •ForKids •Elizabeth River Project Museum •Chrysler •Chesapeake Cares Clinic •BusinessConsortiumfor •American Diabetes •American Cancer Society •Access College PARTNERS CHARITABLE OTHER Scholarship Program Brighter Futures Independent Colleges the Arts Association Foundation

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35 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT to create ahumanesupplychain. environmental impact whileworking so that we can minimize our of ourvendors andmanufacturers extra care to examine thepractices manufactured. That means taking reliable, andethically sourced and customers products that are safe, We are dedicated to ofering our A Holistic Approach Approach A Holistic Our Products: labor, prisonlabor, andforced labor. tolerance onhuman rights policy issues,suchaschild engage withoursupplychain,includingzero- we’ve madetoward someofourgoals; andhowwe products; howwesource products andtheprogress eforts to eliminate chemicals ofhighconcern from our holistic appr The belowinitiatives andstandards demonstrate our of ourU.S. private-brand packaging. we are taking steps new to encourage recycling onsome leaveending upinlandfillsafer they consumers’ hands, company hasonthe world. To ourproducts prevent from ingredients into qualityproducts allafect theimpact our by whichthosematerials are transformed from raw work with,thematerials source, they andtheprocesses and onourstore shelves.Thevendorswechooseto spendinourdistributionof timethey centers, stores, the entire lifecycle ofourproducts—not just theperiod Our commitment to beinggood corporate citizens spans see page 9 For more aboutour commitment to sustainability, oach to product safety, includingour 36 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT Chemical Footprint companies,Project asking19questions (CFP) in2019.TheCFPannuallysurveys designedto weightheir To evaluate ourprogress—and solution—webegan bepart ofanindustry-wide participating inClean Production Action’s formulations andfragrances. Tree isworkingwithsuppliersto implementsubstitutes for phthalates andto incorporate natural ingredients for base and findalternative options that can beusedto create safe, efective products for ourconsumers. For example, Dollar to findalternatives to thechemicals listed onourprioritychemical list. Inaddition,weencourage themto innovate part oftheseeforts,As wecontinually workwithoursuppliersofboth national brand products andprivate labelgoods health andbeauty products andhardware products. chemical ingredient information for formulated products, includingcategories suchashouseholdcleaning products, Adherence to ourchemical isarequirement policy inourcontracts withvendors.Oursuppliersare required to submit and accountability. full commitment ofourmanagement team, whoreport ourprogress to ourBoard ofDirectors for ongoing transparency of highconcern inourformulated private labelproducts. regulatory Thisplangoes requirements beyond andhasthe We established oursustainable chemical planin2016 inorder eliminate to identifyandeventually theuseofchemicals EliminatingChemicalsofHigh Concern Our Commitmentto POLICY CHEMICAL sustainable future. partnering withbusinessesthat share ourcommitment to amore suppliers’ sustainability goals sothat wecan ensure that weare reduction orcarbon reduction. Wewillcontinually assessourtop companies that havemeasurable objectives for greenhouse gas Dollar Tree’s spendwithdirect producers willbeassociated with In addition,wear address systemic challenges that require response. anindustry-wide continual progress towards better sustainability; andpinpoint This allowsthemto beboth transparent andaccountable; make envir measurement ofvalue chainsustainability—to evaluate their use theHiggIndex—a set oftools designedto standardize the impacts withintheapparel, footwear, andtextile industries. They measuring andimproving socialandenvironmental sustainability Sustainable Apparel Coalition (SAC). Membersare committed to For example, keysuppliersinourclothing category are part ofthe trails intheirrespective product categories. up thetorch for environmental sustainability andblazed greener Company sources product leaders from whohavetaken industry better andmore sustainable tomorrow. Weare proud that our depends onpartnering withvendorswhoshare ourvisionfor a Our abilityto provide ethically-sourced products to ourcustomers Vendors with Partnership PRODUCT SAFETY onmental andsociallaborimpacts across thesupplychain.

e setting goal anew that by2031,75%of

OUR PRODUCTS: APPROACH AHOLISTIC & PRODUCTS TOYSCHILDREN’S and other products that goes above approach withtesting children’s toys Dollar Tree takes thorough avery and be random samplecollection onsite visits. accredited laboratories whoconduct production runto beperformed by We require multipletests oneach yond regulatory requirements.

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37 • • • • OUR PRODUCTS: A HOLISTIC APPROACH continued

chemical management systems’ ability to measure and reduce its chemical impact against best practices. By participating in the survey, we can help establish industry benchmarks for moving away from chemicals of high concern and towards safer alternatives. In early 2021, we began re-evaluating our chemical priority list to incorporate new chemicals of concern so that we can continue evolving our requirements around high-priority chemicals as new information and recommendations become available. We’ll revisit our chemical priority list at least every other year to ensure that our priorities are in line with changing consumer needs, industry standards, and scientific-based evidence. Dollar Tree will adapt the EPA’s risk-based framework to address high-priority chemicals based on their: • Intersection with our products and consumer needs; • Exposure potential for our consumers; • Persistence and bioaccumulation scores within the environment; and • Carcinogenic properties or toxicity efects in humans.

A full copy of our Chemical Policy is available here

17 CHEMICALS OF HIGH CONCERN In 2020, we achieved our goal of excluding 1. Lead in children’s products in excess of federal 17 chemicals of high concern from active and state limits formulated private-brand products. 2. Asbestos in children’s products 3. BPA in children’s products

Chemicals of High Concern Elimination Timeline 4. Formaldehyde 5. Cadmium and Cadmium compounds 2016 2017 2018 2019 2020 6. Toluene 7. 1-Bromopropane 8. Diethyl phthalate 2016• • 9. 1,4-Dioxane Established 2017 sustainable • 10. Nonylphenol ethoxylates Set goal of 2019 chemical eliminating the Began 11. Cyclic Aliphatic Bromides Cluster plan 17 chemicals participating of flame retardants (HBCD)

CORPORATE SUSTAINABILITY REPORT SUSTAINABILITYREPORT CORPORATE of high concern in the annual from active Chemical 12. Butylparaben SKUs Footprint Project • 2020 13. Octamethylcyclotetrasiloxane (D4) Achieved 14. Dibutyl phthalate WHAT’S NEXT? our Evaluate our chemical priority list elimination 15. Tetrachloroethylene (PERC) every two years to incorporate new goal 16. Propylparaben 2021 DOLLAR 2021 FAMILY chemicals of high concern as needed | as standards evolve. 17. Trichloroethylene DOLLAR TREE

38 •• DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT with oursuppliersandtheirfactories to create safe products through manufacturing processes that respect humanrights. Providing value for ourcustomers come shouldnever at thecost ofethical production practices. That missionbegins byworking Human RightsIssues FACTORY FORGOODS IMPORTED VETTING ENGAGING WITHOURSUPPLY CHAIN: enhanced sustainability practices for allmaterials sourced from agricultural settings. cotton farming practices, whichsupportapparel finishedproducts. Inaddition,weare working to educate oursupplierson appliestoThis policy ourfood products, flowers,andother typesofproducts withpotential impacts onindustries suchas efects that select pesticides haveonessentialpollinators. promoting policy new responsible pest management practices including,butnot limited to, eforts to reduce thenegative Pollination playsavital role intheworld’s biodiverseecosystems andagricultural health. In2021,DollarTree released a Pollinator Policy Protector best practices, includingensuringaworkplace that protects therights ofworkers andindigenous communities. We alsoexpect that oursupplierswillcomply withtheRoundtable onSustainable Palm Oilcertification standards orother palm oilinamannerthat supports deforestation-free production ofpalm oilthat includestheprotection ofallnatural forests. and national brand products isprocured inaresponsible andsustainable manner. calls Ourpolicy for oursuppliersto procure Dollar Tree iscommitted to ensuringthat thepalm oil,palm kernel oil,andpalm oilderivatives contained inourprivate label Palm OilPolicy high riskfor producing environmental hazards orfor engendering socialcompliance violations. We are committed to investigating andexploring strategies to more sustainably source keygoods, suchasthosethat are SourcingSustainable Commitment PRODUCT SOURCING recycling labels. consumers to reduce theirenvironmental footprint andhelp establish astandardized system of By usingtheHow2Recycle labelsonourprivate-brand packaging asappropriate, wecan empower do not are knowthat recyclable orare they confused byinconsistent orunclear recycling instructions. American consumers. Manyitems that are recyclable currently endupinlandfillsbecause consumers How2Recycle labelsare designedto create clear andconsistent recycling instructions for North commitment 2021,wehaveanew to workwithourU.S. ofFebruary private-brandAs suppliersto label: Waste Reduction • • as appropriate 100% of allother private-brand packaging withtheHow2Recycle labelby 2026 , 100% of food private-brand packaging withtheHow2Recycle® labelby 2023 Pollinator Policy Protector Palm OilPolicy OUR PRODUCTS: APPROACH AHOLISTIC

'-., Replace Cap Replace

PLASTIC BOTTLE - Empty& continued ~

39 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT •Zero Tolerance for HumanTraficking •Zero Tolerance for PrisonLabor •Zero Tolerance for ChildLabor •LaborLaws •Anti-Discrimination Policies •Health andSafety Standards Law Group; andDeputyGeneral Counsel,Corporate. violations orconcerns to ourVice Internal ChiefLegal President, Audit; Vice Merchandise President, andOperations Oficer; In addition,phonenumbershave beenmadeavailable sothat ourassociates andsupplieremployeescan report possible insider trading; financialfraud; orCodeofEthics violations. harassment; discrimination; human resource issues;ethical issues;accounting irregularities; false financial statements; concerns aboutstore-related issues,includingimproper orillegal activities; safety; loss prevention; payroll; benefits; possible violations ofourCodeEthics. Reports maybemade anonymously24/7.Thesehotlines are designedto field We haveestablished twotoll-free hotlines andinternet resources for associates andsupplieremployeesto report any guidelines for anysuspected incidents. of violations whilevisitingsupplierfacilities. Weprovide ourassociates withreporting brings awareness andunderstanding oftheissuesandincludes howto lookfor indications on thecompliance demandedbyourCodesof Ethics andVendor Thistraining Conduct. Dollar Tree annuallytrains its associates withdirect involvementinvendormanagement Training andWhistleblower Hotlines do not participate inchildorprisonerlaborhumantraficking andslavery. Dollar Tree iscommitted to ensuringits supplierscomply standards withourpolicies,industry andlegal requirements and These audits assesswhether ornot vendorsare compliant with: and private oftheworkers. interviews which wedirectly source goods. Thesocialcompliance audits includeinspections ofthefacilities, documentation review practices, weenlist independentthird parties to conduct socialcompliance audits onalloftheoverseas factories from In order to make sure that products produced outside oftheU.S. are manufactured inaccordance withhumanrights best Audits Social Compliance spot indications ofhumantraficking andforced laborwhilevisitingsupplierfacilities. Thistrainingmanagement. helpsthembetter understand thehumanrights issuesat-hand andteaches themhowto section for more details.) Wealsoprovide annualtraining to allofourassociates whoare directly involvedinvendor To helpensure that thesecodes are followed, weregularly conduct socialcompliance audits ofourvendors.(Seenext laid outinDollarTree’s CodeofEthics andCodeofVendor which werequire Conduct, allvendorsto comply with. labor, orhumantraficking at allstages ofthesupplychain.Thesepoliciesaswellourethical standards andguidelinesare are tr that thepeoplewhohelpcreateWe believe ourproducts havetherightto workinasafe, equitable environment inwhichthey Our statement incompliance withtheCalifornia Transparency inSupplyChainsAct can befound here A fullcopy ofourCodeEthics isavailable here A fullcopy ofourCodeVendor Conduct isavailable here eated withdignityandrespect. Wehaveazero-tolerance for policy humanrights violations suchas childlabor, prison OUR PRODUCTS: APPROACH AHOLISTIC f // continued

40 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT the organization. we are believe of level critical at every behaviors, anddiverse perspectives asamodelfor thevalues,can serve independent Board ofDirectors that oversight from ademonstrably sustainability requires journey ethical We recognize that ourongoing a more sustainable tomorrow. is akey part ofourstrategy to create Social, andGovernance) supervision At DollarTree, ESG(Environmental, and Ethics and Ethics Governance governing bodywithprocesses inplace to holditself theBoardand management, must beaself- In order to efectively overseeDollarTree’s business challenges. new forward asitcontinues inresponse to to evolve to creating a Board that can guidethecompany knowledge isessential expertise, andindustry having abalanced array ofrelevant skillsets, thatinvaluable Inaddition,webelieve benefit. experiences onthe Board to draw from isan future. Havingawide-range ofbackgrounds and We are hopingto increase thesenumbersinthe female, andtworepresent minoritybackgrounds. company. Three ofourcurrent Board membersare andthemanyemployeeswhomake upour country a Board that reflects thediversityofboth this Board itself. Wecontinually strive to establish That work begins withthecomposition ofthe

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• DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT and discussions with our shareholders. As corporateand discussionswithourshareholders. As governance best practices continue weare to committed evolve, Ms. Stahl: OurBoard hasadopted numerous corporate governance best practices afer years ofongoing feedback How istheBoard seekingto enhance its governance best practices intheyear ahead? we were ableto establish ourfirst climate-related goals to reduce our carbon footprint. our Board refreshment, sustainability anddiversityinclusioninitiatives. Importantly, astheresult ofourworkin2020, the manychallenges andconcerns, theBoard andmanagement havemade substantial progress oncritical matters suchas COVID-19 pandemic beginning inearly 2020,andespeciallythehealth andsafety ofourassociates andcustomers. Despite Ms. Stahl: focused TheBoard onworkingwithmanagement to became address very thebusinesschallenges posedbythe What were theBoard’s biggest accomplishments in2020? acquiring electricity from renewable sources. will useitasafocal pointfor furtherengagement anexample, weare withourshareholders. studying As longterm goals for these potential challenges. TheBoard willbeguidedbytheresults ofthisassessmentinits ongoing strategic planningand risks, andin2020weundertook ananalysisto evaluate howourlongterm businessstrategy maybeadapted to address Ms. Stahl: Werecognize theimportance ofplanningfor thepotential impact ofclimate change andother sustainability What are theBoard’s sustainability prioritiesintheyear ahead? skills, wecontinue to addexpertiseinkeyareas ofourbusiness. directors,added sixnew three ofthemwomen,onewhomisalsoapersoncolor. Inadditionto executive leadership to supportmanagementwill benecessary inaddressing current andfuture challenges to ourbusiness.Since 2016,wehave Ms. Stahl: that Board Webelieve recruitment shouldfocus ondiversecandidates whopossesstheskillsandexperience that in theyear ahead? What experience, background, or skillset doestheBoard hopeto addthrough its waterfall refreshment strategy guidelines to formalize theunderlyinggovernance structures that willsupporttheBoard’s workinthesecritical areas. and promotion ofourassociates. TheBoard recently madechanges to its committee charters andcorporate governance addressing thesustainability risksofthebusinessoverlong-term, andenhancingthediversity, inclusion,training a commitment to integrity andethical oftheorganization, behaviorat alllevels commitments to environmental stewardship, other stakeholders andprovide thefoundation for efective oversightbytheBoard ofDirectors. Ourguidingvalues start with Ms. Stahl: that ourcorporate Webelieve governance practices reflect theresponsiveness oftheBoard to ourshareholders and What are theguidingvalues of DollarTree’s corporate governance practices? compliance withlaws,andourapproach to data privacy andsecurity. members, Board tenure andrefreshment, ourprocess for engaging stakeholders, ourcommitment to ethics and of thebusiness,includingBoard andcommittee responsibility theskillsanddiversityofourBoard for riskoversight, The following pages highlightthemeasures we’ve taken to ensure theefectiveness ofBoard andmanagement oversight revisits andenhances thosemeasures asneeded. ac countable to shareholders. TheBoard hasestablished anumberofgovernance best practices to thisendandregularly Q A Member oftheCompensationCommittee Board Committees: ChairoftheNominating,Governance andSustainability Committee, Dollar Tree since 2018 January Chief Executive Oficer ofAce ofAir, afullycircular beautyandwellnessbrand, andDirector of Q&A WITHBOARD STAHL MEMBERSTEPHANIE GOVERNANCE ANDETHICS

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• • • • GOVERNANCE AND ETHICS continued

to staying knowledgeable about and responsive to changes. One of the many benefits of our shareholder outreach program is that we are able to have an open dialogue with our investors to ensure we are aware of their views of governance best practices.

RISK OVERSIGHT The Board of Directors is actively involved in overseeing enterprise risk, primarily through its committees, which address the risks within their areas of responsibility. Our Board has three standing committees, each composed solely of independent directors: the Audit Committee, the Compensation Committee and the Nominating, Governance and Sustainability Committee. The Audit Committee has a key role in the assessment of various financial and enterprise risks related to our business, including risks relating to information security and data privacy. The Compensation Committee is primarily responsible for monitoring risks relating to our compensation policies and practices. The Nominating, Governance and Sustainability Committee advises the Board on corporate governance matters and is primarily responsible for monitoring and evaluating the company’s sustainability and ESG risks, including the environment, human rights, labor, health and safety, workforce diversity, supply chain, governance and similar matters afecting company stakeholders.

Board of Directors (excluding retiring directors)

NOMINATING, GOVERNANCE AUDIT COMPENSATION AND SUSTAINABILITY COMMITEE COMMITEE COMMITTEE Arnold S. Barron • Gregory M. Bridgeford ■ • • Thomas W. Dickson • Lemuel E. Lewis • Jefrey G. Naylor • • Winnie Y. Park • Bob Sasser CORPORATE SUSTAINABILITY REPORT SUSTAINABILITYREPORT CORPORATE Stephanie P. Stahl • • Carrie A. Wheeler • Thomas E. Whiddon • • 2021 DOLLAR 2021 FAMILY Michael A. Witynski |

■ Lead Independent Director • Chairperson • Member DOLLAR TREE

43 •• DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT Since 2016,DollarTree hasaddedsixhighlyqualifiedindependentdirectors to its Board andplansto continue its our appreciation for theirsignificant contributions and valued leadership overtheyears andwewishthemallthe best. Mr. SaundersandDr. Zeithaml decidedto retire afer 28 years and14years ofdedicated respectively. service, Weexpress She bringshighly-relevant skillsandadiverseperspective to part the Board. oftheBoard’s As refreshment approach, Ms. Park isaChief Executive Oficer withsubstantial experience inretail, brand-building, omni-channel,andmerchandising. replace Conrad WinniePark Hallwhoretired aresult, inJune2020.As was appointed to theBoard inDecember 2020. In 2020,Nominating, Governance andSustainability Committee launchedaformal search to findadiversecandidate to for leadership positionsontheBoard andits committees. the qualifiedpoolfrom whichBoard candidates are chosenand,whennominated andelected, to consider suchdirectors The Nominating, Governance andSustainability Committee endeavors to includewomenandminoritycandidates in sexual orientation, race, ethnicity, national origin,andlife experience andiscommitted to ofinclusiveness. apolicy In addition,ourBoard values diversity, inits broadest sense,reflecting, butnot limited to, geography, gender, age, Our goal isto reach andthereafer maintain arelatively balanced mixofshort-, medium-andlong-term tenured directors. for fresh perspectives andadditionalrelevant skillsets withtheinstitutional knowledge ofseasoned andindustry directors. refreshment memberscontinue asournewer to gain neededexperience. Thewaterfall strategy seeksto balance theneed The Board hasadopted awaterfall strategy inwhicheach year weexpect to engage thoughtfully inadditionalBoard Deep, Relevant Expertise directors retiring in2021. are most important to sustaining oursuccess. TheBoard profile below excludes two summarizes, ourBoard members’ skillsandexperiences cover theareas we believe skills, experiences, diverse backgrounds, andfresh thechartbelow perspectives. As The Board that believes ourdirectors, asagroup, represent anefective mixof ANDTENURE BOARD DIVERSITY SKILLS, • • • • • • • • • • Public Board Experience Public Board Experience Global Sourcing/ Chain Supply Risk Management Planning Strategic Human Resources Operations Technology/ Cybersecurity Information E-Commerce/ Omni-channel Brand-Building Advertising/ Marketing/ Industry Consumer/Retail Board Diversity Board Tenure 1 er 35yas 0-2years 3-5years >10 years 4 4 Diversity Gender 27% 3 GOVERNANCE ANDETHICS Diversity Ethnic 18% years 7.1 Tenure Average continued

44 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT required to befamiliar withourCodeofEthics, and seniormanagers signacertification each year. establishes theframework for ourethical approach to business.Alloficers, directors, andemployeesofDollarTree are Dollar Tree’s dealings and asourguidefor usingsoundjudgmentandcommon CodeofEthics sense ineveryday serves sustainability matters. For example, inresponse to feedback from shareholders, wetook steps to increase ourtransparency andreporting on The Board feedback reviewed from theseconversations to better understand ourshareholders’ prioritiesandperspectives. environmental impact andsustainability matters, includingclimate change. to board refreshment, executive compensation, long-term businessstrategy, socialissuesthat afect ourbusiness,and Board whenappropriate orasrequested byindividualshareholders. We engaged withourshareholders ontopics related engagement process onmatters ofcorporate governance, incorporating other membersofseniormanagement orthe During 2020,wecontacted institutional holdersofapproximately 56%ofoutstanding shares to invite theminto the shareholder views. participate inanorganized andcoordinated mannerwithmanagement meetings inone-on-one or investor to events elicit the Executive Chairman,theLead Director, ortheBoard to participate. Accordingly, directors mayalsofrom timeto time that on certain matters, the Chairsofrelevant Board committees or, incertain cases, other directors mayalsobeasked by independentdirectorwill generally whowouldparticipate betheprimary insuchdiscussions,withtheunderstanding expected to occur bytheChiefExecutive Oficer andtheExecutive Chairman,theBoard expects that theLead Director a mutualunderstanding andofinforming theBoard ofshareholder perspectives. Inadditionto theengagement that is Board-level participation indialoguewithshareholders onmatters ofsignificance can beanefective means ofpromoting Although shareholder outreach isprimarilyafunction ourBoard ofmanagement, that inappropriate alsobelieves cases, practices incorporate governance evolve. asthey to ensure anopendialogueonongoing basis andto promote anincreased understanding standards ofindustry for best on governance matters. thisapproach Webelieve provides amore direct channelfor communications withshareholders The Vice Corporate President, Governance, together withtheCorporate asliaisonswithourshareholders Secretary serve Board allmaterial shareholder comments andfeedback itreceives. investment community. Management isresponsible for promptly reporting to the responsible for ourcommunications andengagement withshareholders andthe our seniorexecutive oficers andtheinvestor relations department are primarily shareholder outreach program. Underourenhanced Shareholder Engagement Policy, with shareholders andmaintaining theirtrust andgoodwill isacore objective ofour The Board that believes fostering long-term, open,andinstitution-wide relationships SHAREHOLDER ENGAGEMENT purpose anddiverseBoard that isalignedto ourbusinessstrategy iskey to thelong-term success ofourcompany. three andfiveyears intenure; andfour directors withmore thanten years intenure. that awell-balanced, Webelieve fit-for short-, medium-,andlong-tenured directors, withfour directors havingtwoyears orlessintenure; three directors between retirements ofMr. SaundersandDr. Zeithaml at the2021annualmeeting, thetenure profile nowreflects abalanced mixof multi-ye ar efort afit-for-purpose to achieve Board. BasedontheBoard’s refreshment overtheyears andtheupcoming GOVERNANCE ANDETHICS continued -

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• • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT a report ingood faith. other violations ofourcorporate orofthelaw. policy Weprohibit retaliation against orstakeholder anAssociate whomakes up multipleways for associates to anonymouslyshare concerns aboutpotential ethical corruption, issues,bribery, orany To ensure compliance, allassociates are required to report anysuspected violations oftheCodeEthics. Wehaveset • • • • • • • • • • • • • • • The CodeofEthics includespolicieson: wrongdoing andensure accountability. company assets, includingconfidential information. TheCodeisalsowritten to deter compliance withallapplicable laws,rules,andregulations; andprotection of accurate, andtimelydisclosures inpublicreports, documents, andcommunications; The CodeofEthics isdesignedto promote honest andethical conduct; full,fair, ETHICS ANDCOMPLIANCE A fullcopy ofourCode ofEthics isavailable here

Political Activities: Thecompany willnot abuseits standing to influence political issues. Government Investigations: must Associates cooperate withanygovernment investigations. compliance withboth generally accepted accounting principlesandthecompany’s internal controls andprocedures. Financial Reporting: Thecompany’s publicfilings andcommunications must beaccurate, complete, timely, andin withoutauthorization.Associate or proprietary businessstrategies, territories, orproduct distribution orVendor relationships withanyonewhoisnot an Antitrust, Competition, andTruth-in-Advertising: discusspricingpoliciesandprocedures shouldnever Associates Securities Trading Laws:Thecompany doesnot tolerate InsiderTrading. confidential, sensitive,orproprietary information. Confidential andProprietary Information: are Associates prohibited from disclosingorusinganynonpublic, improper orunauthorized possession,destruction, fraud, waste, ormisuseofcompany property andassets. Protection of Company Assets andIntellectual Property: must Associates take reasonable steps to the prevent orcorruption, andrequirebribery themto comply withallapplicable anti-corruption laws. Anti-Corruption, Anti-MoneyLaundering,andAnti-Terrorism: Weprohibit associates andagents from engaging in conflict ofinterest. Conflicts of Interest: Werequire associates to avoidengaging inconduct that creates—or could appear to create—a Accepting Gifs: andtheirfamily Associates memberscannot accept orprofit gifs ofdealing ormoney withVendors. kickbacks, orrebates. Kickbacks andRebates: andtheirfamily Associates membersare prohibited from receiving anyimproper payments, Vendor Relationships: Weprideourselvesonestablishing relationships withvendorswhoupholdourcore values. responsible manner. our customers, asafe workingenvironment for ourassociates, andto operate inasustainable andenvironmentally Product Safety, Safe Workplace, and Environmental Responsibility: Ourgoal isto provide safe qualityproducts to Commitment to A Vendors, andexternal businesspartners. Honesty andIntegrity: Weexpect ourassociates to upholdthecompany’s values whendealing withother associates, associates are treated withdignityandrespect. ssociates: Thecompany iscommitted to fostering aninclusiveenvironment that ensures all GOVERNANCE ANDETHICS continued

46 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT Governance ofCybersecurity standards for information privacy andsecurity. as independentreview systems designedto ensure that we meet orsurpass industry attention from corporate leadership. Wehave putanumberofpoliciesinplace aswell for modernbusinesses.At DollarTree, we that believe theseareas require continued the company operates. Data privacy andsecurityhave become increasingly important An area ofparticular focus for theBoard isthechangingdigital landscape inwhich DATA PRIVACY ANDSECURITY for eficacy andto determine ourinsurability. scrutinized andevaluated byexternal third parties practices, programs, processes, and procedures are at whichtime our security underwriters industry investors. by Thesepoliciesare annuallyreviewed risk mitigation to ouremployees,customers and riskinsuranceof cyber ofassurance asalevel and posture, appropriatecybersecurity wecarry levels In additionto managingandmaintaining ourown remediation tactics beingimplemented. data privacy aswellanyrelevant mitigation or of anypotential risksfor information securityor These updates are designedto inform theBoard of independentdirectors, at least semi-annually. the Board’s Audit Committee, composed solely risks associated posture withourcybersecurity to Our seniormanagement reports disclosures and meets annuallywithourChiefExecutive Oficer information to review securitymatters. The CISOprovides anannualreport to executive management andtheBoard onthe State ofInformation Security, and Information asthedesignated Oficer executive leader andserves for ordata-related cyber incidentresponse activities. the company’s overall information andbusinesscontinuity security, programs. risk, cyber TheCISOreports to theChief Our ChiefInformation SecurityOficer (CISO)leads ourenterprise Information Securitydepartment andisresponsible for • • • • •

Please seepage 49for adiscussionofsecuritybreaches andtheircosts. security matters. At least twice ayear, seniorleadership briefstheBoard oninformation information securityriskmanagement for more thanadecade. The Audit Committee, hasoverseen whosemembersare 100%independent, Dollar Tree performance hasdefinedcybersecurity objectives for theCEO. relating to information securityanddata privacy. directors are membersoftheAudit Committee, whichhasoversightoverrisks Two ofourBoard experience, membershavecybersecurity andboth ofthese GOVERNANCE ANDETHICS continued

47 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT • • • • • • to ensure that ourinformation securitymeets andexceeds established best industry practices. We regularly conduct andworkwiththird-parties internal reviews to identifyandmanage information securityrisksand AssessmentandReviewSecurity information safe andsecure. The information securityteam operates underonegoal: ensuringtherightcontrols are inplace to keep oursystems and certifications from credential industry-leading granting organizations that specialize ininformation securitybest practices. with aleading Provider. Managed SecurityServices Oursecurityassociates are highlytrained withmanyholdingadvanced Our information securityteam iscomposed of21experienced professionals andisaugmented byastrategic partnership well asourcustomers andstrategic partners. programs. Wetake amulti-layered approach to provide protection for allcorporate digital assets, information, anddata as Data protection andsafeguards are embeddedthroughout thefabric ofouroperations andinformation technology Security Information companies, subsidiaries,jointventures, orother companies undercommon control. the individual.Thecompany mayshare information withourcorporate afiliates, suchas:ourparent company, sister Dollar Tree willnot giveorsellpersonalinformation to unafiliated third parties withoutfirst receiving consent from requirements to facilitate necessary theiremployment. amounts ofinformation voluntarily suppliedbyourcustomers, anddata onassociates iscollected incompliance withthe procedures, to respond threats to new andto adapt to changingtechnology. Inaddition,wemaintain onlytheminimal and procedures, andweregularly andupdate review ourphysical andtechnical controls, aswellourpoliciesand and procedural securitycontrols at alloursystems. Weactively monitor andenforce compliance withoursecuritypolicies business success. To protect theconfidentiality ofinformation entrusted to us,weemployextensive physical, technical, We understand that theprotection andprivacy ofcustomer information iscritical to astrong reputation andcontinued Privacy Data

business objectives. to best ensure alignmentwithindustry practices, changes inauditcompliance requirements, andadherence to planned Our CISOregularly oursecurity modelandits and routinely practices reviews andfuture initiatives withexternal auditors concerns andadherence to company policies. critical third-party vendors.Allcontracts withthird parties byourCISOandsecurityteam are reviewed for securityrelated We leverage athird-party riskevaluation and management platform to perform comprehensive ofmission- reviews Attack Framework, Sarbanes (SoX),andthePayment Oxley Data Card Industry SecurityStandard (PCI-DSS). Security (CIS)Top 20Controls, theNational Institute ofStandards andTechnology (NIST) Cybersecurity Framework, Mitre processes and measuring against avariety ofgenerally accepted frameworks orcontrols, includingtheCenter for Internet We continuously self-assess against ourinternal policiesandprocedures, riskassessment usinginternally developed infrastructure. Biennially, weconduct an external ofourcertificate review management practices andoverall cryptographic and conduct tabletop exercises withkeystakeholders inthecompany. addition, weconduct third-party of current incidentresponse reviews plans,provide recommendations for updates, We alsohaveanoverall assessmentandpenetration evaluation ledbyleading external consulting firmseach year. In andpenetrationreview activities are conducted byanindependent external qualifiedpenetration examining firm. We haveanannualPCI-DSS assessmentconducted External bycertified (ISAs). PCI-DSS Internal network SecurityAssessors

GOVERNANCE ANDETHICS continued

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• • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT To ourprivacy policies, see: review digital assets whileabroad. receive additionaltraining onsafeguarding theirprivacy, anyinformation access they orrequire, andanyuseofcorporate socialmedia,andfraud. whose roles Associates andresponsibilitiesdevelopment, require travel outside oftheU.S. protections. Targeted training isalsoprovided ontopics suchas,butnot limited to, phishing,secure application This training from password encompasses protection everything andsocialmediaexpectations to physical asset All associates are informed ofandreceive periodicnotices andtraining onprotecting corporate data anddigital assets. Comprehensive Employee Training $23,000 inconnection withthethird-party incident. notified afected associates andrequired state regulatory agencies. Weincurred out-of-pocket expensesofapproximately our associates. To resolve thisissue,weworked withthethird party andits forensics investigating firm,andappropriately there was asecurityincidentsufered byathird-party provider that service afected theinformation ofasmallnumber penalties orsettlements relating to aninformation securitybreach ofoursystems duringthisperiod.Infiscal year 2020, a result ofacompromise ofDollarTree orFamily Dollarinformation wedidnot systems. aresult, incuranyexpenses, As Thanks to ourdedicated teams, wehavenot experienced anycomputer data securitybreaches inthepast three years as Breaches Security Family DollarPrivacy Policy Dollar Tree Privacy Policy GOVERNANCE ANDETHICS continued

49 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT Table Activity Metrics A–Company-wide data availability andrequire assumptions. fewer going andrefine forward, weplanto ouremissionsmeasurement review andcalculation to improve methodology our from refrigeration, weusedassumptions based onEPA guidance andaverages, where data was not available. Eachyear Data availability for somesources ofemissions,suchasrefrigeration, was limited. Inorder to estimate fugitiveemissions emissions associated withouroperations andvalue chainin2020. The following tables summarize consumption ourenergy andgreenhouse gas APPENDIX –GHGEMISSIONSBREAKDOWN Table B–EnergyandEmissionsData Steam Steam Electricity (outdoor) Electricity (facilities) Propane for forklifs Diesel for yard trucks Jet fuel Natural gas Propane instores Diesel (usedinbackup generators) Scope 1and2emissionsintensity TOTAL Distribution centers Retail stores SSC ENERGY CONSUMPTION SUMMARY INTENSITY ELECTRICITY EMISSIONS INTENSITY 2020

NUMBER OFFACILITIES

15,648 26 1 mt CO HUAD Q ET THOUSANDS SQ.METERS THOUSANDS SQ.FEET MWh /1,000 sq.feet 2 GJ/1,000 sq.feet ,0 q et mtCO e /1,000 sq.feet Total (MWh) 2,551,677 177,194 423,145 154,014 AREA OFFACILITIES 17,633 16,788 22,670 6,032 0.449 51.86 14.41 7.75 857 102 510 73 2020 MWh /1,000 sq.meters GJ /1,000 sq.meters 2 e /1,000 sq.meters Total (GJ) 9,185,304 1,523,199 16,462 14,308 63,475 21,714 60,432 558.16 155.06 2,106 3,085 83.38 368 262 47 2 50 • • • • DOLLAR TREE | FAMILY DOLLAR 2021 CORPORATE SUSTAINABILITY REPORT FOR MOREINFORMATION, PLEASEVISITDOLLARTREEINFO.COM TW we followed guidance outlinedintheGHGProtocol Corporate Value ChainAccounting Reporting Standard. available. Whenactual consumption data isnotavailable,weestimate usingsquare footage intensity factors byfacility type.For Scope 3emissions, stores, DCsandSSC. GHGemissionsare reported inmetric tons ofCO refrigerators andcoolers (Scope 1emissions).Inaddition, wecalculated theGHGemissionsassociated withtheelectricitywepurchase to powerour facilities, for backup generators, andfor ourvehicles(leasedanddistribution center equipment),aswelltherefrigerants usedin wecalculatedThrough thisassessment, theGHGemissionsassociated withthenatural gasandotherfuelsweusefor heatingandcooling our Protocol: ACorporate Accounting andReporting Standard (Revised Edition)to calculate theScope 1and2emissionsgenerated byourfacilities. ** Weusedtheguidance outlinedintheWorld Resource Institute (WRI)andtheWorldBusinessCouncilfor Sustainable Development’s (WBCSD) GHG Table continued B–EnergyandEmissionsData Total Emissions Total Scope 3Emissions Business travel Upstream transportation anddistribution Purchased goods andservices Scope 3Emissions Total Operational Emissions(Scope 1&2Location-based method) Scope 2(Market-based method) Scope 2(Location-based method) Scope 2Emissions Total Scope 1 Fugitive emissions Stationary combustion Mobile combustion Scope 1Emissions GREENHOUSE GAS EMISSIONS** (mtCO O BRANDS, ENDLESSPOSS 2 e) 2 e (mtCO 2 e). Wecalculate energy andemissionsbasedonactual data when IBILITIES

APPENDIX 6,859,028 5,486,397 1,372,632 continued 4,644,970 1,119,351 1,132,928 239,704 840,191 154,216 79,478 1,236 6,010

51 • • • •