Responsible Capital Allocation Community Contributions Good Governance & Shareholder Alignment Diversity, Inclusion & Well-Being Climate Action Transparency & Guiding Principles Appendices 36 Climate Action Commitments and Plans We are committed to: In 2020, we committed to maintain carbon Corporate Operations by 2050 or sooner in our due diligence neutrality at our corporate operations and, We aspire to achieve net-zero Corporate processes when evaluating new in 2022, we accomplished this for the third Emissions by 2050. To reach this goal, we will: opportunities; • Our goal to achieve consecutive year. • Monitor operators’ decarbonization efforts net-zero emissions relating • Measure and record our Corporate Emissions and progress towards net-zero emissions by to our global corporate In 2023, we set a goal to achieve net-zero in accordance with the Greenhouse 2050 or sooner and endeavour to include emissions relating to our global corporate Gas Protocol; contractual provisions requiring operators operations by 2050 or sooner operations (our “Corporate Emissions”) by 2050, • By 2024, adopt short and long-term to provide us with sufficient information in line with global efforts to limit warming to science-based GHG emission reduction in order to do so; • Assess the decarbonization 1.5°C (“net-zero emissions by 2050 or sooner”). targets for our Corporate Emissions in line • Measure and record our attributable efforts and net-zero alignment While our commitment to carbon neutrality with the achievement of net-zero emissions emissions from our royalty and stream of operators and operations primarily involves the purchase of carbon offsets, by 2050 or sooner; interests in accordance with the our net-zero aspiration entails a concerted effort • Maintain carbon neutrality on an annual Greenhouse Gas Protocol and other when making investment to reduce our absolute emissions. basis for our Corporate Emissions by leading supplementary guidance; and decisions purchasing high quality carbon offsets • Explore options on how we may assist Our greatest impact in addressing climate change for those Corporate Emissions operators’ energy transitions, climate-related • Engage with new and is through deploying capital to responsible that cannot be eliminated; and community and other initiatives, and/or operators and operations committed to reducing • Report on our progress and provide other activities aimed at decarbonization existing operators on their carbon footprints and environmental impacts. climate-related disclosures aligned with and achieving net-zero emissions by 2050 efforts to decarbonize and Accordingly, we have also committed to assess the recommendations from the Task Force or sooner. achieve net-zero emissions the decarbonization efforts and net-zero for Climate-related Financial Disclosures alignment, including with respect to the (TCFD) and regulatory requirements Stakeholders by 2050 or sooner commitments, plans, targets and initiatives, applicable to our company. To further support and awareness of climate of operators and operations when making reduction goals, including net-zero emissions • Further awareness of and investment decisions and to engage with Investments by 2050 or sooner, we will: support for climate reduction new and existing partners on their efforts We are committed to assessing the goals, including net-zero to decarbonize and achieve net-zero decarbonization efforts and net-zero alignment • Ensure that our external consultants are emissions by 2050 or sooner. of operators and operations when making familiar with our support for the goal of emissions by 2050 or sooner, investment decisions. We are also committed decarbonization and net-zero emissions with our stakeholders We have adopted a Climate Action Policy, to engaging with new and existing partners by 2050 or sooner and understand which is summarized below and formalizes on their efforts to decarbonize and achieve Franco-Nevada’s commitments under the abovementioned climate-related goals net-zero emissions by 2050 or sooner. the Climate Action Policy; and and commitments relating to all aspects To achieve this, we will: • Ensure before transacting with any significant Related Policies and Statements: of our business. Our Climate Action Policy provider of goods for our corporate also establishes the measures that we will • Assess the decarbonization commitments, operations, that such supplier is aligned • Climate Action Policy implement to further these commitments. plans, targets and initiatives of operators, with the goal of net-zero emissions including commitments to or progress by 2050 or sooner. towards achieving net-zero emissions