Responsible Capital Allocation Community Contributions Good Governance & Shareholder Alignment Diversity, Inclusion & Well-Being Climate Action Transparency & Guiding Principles Appendices 10 Carbon Footprint Top Mining Assets: 2021 Scope 1 & 2 GHG Emission Intensity 1, 2 Pressures on mining and energy companies to We have calculated emission intensities for GHG emission intensity decarbonize are likely to intensify in the future, our Top Mining Assets on a gold equivalent Assets GHG emission intensity (tCO e/unit of primary 3 2 (tCO e/GEO produced) 2 4 which demands greater climate-related action ounce (“GEO”) basis, which will be useful for metal produced) and transparency. We carefully observe the carbon a comparison between each of our Top Mining Cobre Panama 1.58 tCO e/GEO 8.41 tCO e/t Cu footprints and climate-related commitments, Assets, notwithstanding the different commodities (Panama) 2 2 targets and initiatives of the operators and produced. We have also calculated emission Candelaria 0.77 tCO e/GEO 4.51 tCO e/t Cu operations in which we look to deploy capital intensities for our Top Mining Assets based (Chile) 2 2 (for further information, please see the section upon the applicable unit of the primary economic entitled Due Diligence Process). We also track metal produced by each Top Mining Asset. Such Antapaccay 0.49 tCO e/GEO 2.59 tCO e/t Cu (Peru) 2 2 these attributes for certain of our interests emission intensities have been benchmarked after acquisition. against 2021 mining industry averages for each Guadalupe-Palmarejo 0.39 tCO e/GEO 0.39 tCO e/oz Au 5 2 2 applicable commodity. For the sake of simplicity, (Mexico) On this page, we have set out the 2021 GHG we have colour coded where such statistics are Antamina 0.25 tCO e/GEO 1.78 tCO e/t Cu emission intensity for each of our Top Mining average, better than average, or below average. (Peru) 2 2 Assets. GHG emission intensity is measured as the tonnes of Scope 1 and 2 CO e emissions While a comparison of the emission intensities Northern and 0.25 tCO e/GEO 0.01 tCO e/t Fe62% 2 Southeastern Systems (Brazil) 2 2 per unit of production produced (“emission of our Top Mining Assets against industry average intensity”) from such Top Mining Assets. benchmarks (by applicable commodity) can MWS 2.60 tCO e/GEO 2.60 tCO e/oz Au offer valuable insights, the carbon intensity (South Africa) 2 2 and decarbonization challenges for mining Stillwater 0.22 tCO e/GEO 0.27 tCO e/oz PGM and energy companies will vary by jurisdiction (USA - Montana) 2 2 “...we carefully observe and with physical characteristics of projects, Detour Lake 0.37 tCO e/GEO 0.37 tCO e/oz Au the carbon footprints including depth of deposits and ore grades. (Canada - Ontario) 2 2 Our Top Mining Assets operate in eight different countries and use various mining methods. Hemlo 0.17 tCO e/GEO 0.17 tCO e/oz Au and climate-related (Canada - Ontario) 2 2 commitments, targets On the next page, we set out the decarbonization commitments, targets, plans and initiatives - Better than average (<10% of industry average) 6 - Average (within 10% of industry average) and initiatives of the adopted by our Top Mining Producers. Legend - Below average (>10% of industry average) operators and operations 1 Figures in this table are estimated Scope 1 and Scope 2 GHG emission intensities of our Top Mining Assets. Unless otherwise noted, the underlying emission data has been provided by MineSpans in which we look to (outside-in modeled data - all rights reserved). 2 GHG emission intensity (i) is provided on a 100% basis, notwithstanding that the applicable operation may be jointly owned by the referenced operator, and (ii) applies to the entire project. deploy capital...” 3 Calculated as the aggregate Scope 1 and Scope 2 GHG emissions from the Top Mining Asset divided by the number of GEOs produced by such asset. Copper, PGMs, iron ore, and other commodities are converted to GEOs by dividing associated revenue for such commodity by the gold price. 4 Calculated as the aggregate Scope 1 and Scope 2 GHG emissions from the Top Mining Asset divided by the total production volume of the primary production (excluding by-products) of such asset. 5 Given the balanced gold and silver production at Guadalupe-Palmarejo, we have converted silver to GEOs, which are included with gold ounces in both emission intensity calculations. 6 GHG emission intensity averages apply to primary production from mining. Such averages exclude mid-stream processing, other than iron ore which includes pelletizing if integrated with a mine. Sources: (1) McKinsey global mining industry GHG emission intensities for 2021: 0.76 tCO /oz (gold), 3.46 tCO /t (copper), 32.67 kgCO /t Fe62% (iron ore); (2) International Platinum Group Metals 2 2 2 Association 0.9 tCO /oz (PGM). 2
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