34 ESG LEADERSHIP Fostering Diversity and Inclusion Transparent ESG Disclosure Pledge to alleviate systemic black racism Patron Sponsor Good Governance & Shareholder Alignment Established board and management team aligned with shareholders with substantial ownership of company and having low G&A costs Committed to furthering diversity and inclusion through the adoption of objective targets and ongoing sponsorships of diversity initiatives Our annual ESG Report is available on our website and is aligned with leading sustainability frameworks, including TCFD and SASB BOARD Independent Directors Women Directors 38% TARGET Board and Management Diverse Representation 40% by 2025 Board and Management own >$200M 1 in stock Low G&A even when compared to Gold ETF fees 1. Based on March 31, 2023 closing price
Corporate Presentation | Franco-Nevada Page 33 Page 35