17 Message from our CEO Report Highlights About Franco-Nevada Responsible Capital Allocation Due Diligence Process Ongoing Asset Management Key ESG Factors Health and Safety Carbon Footprint Water Management and Risk Tailings Management Biodiversity Supply Chain Community Contributions Good Governance and Shareholder Alignment Diversity, Inclusion and Well-Being Climate Action Transparency and Guiding Principles About this ESG Report Appendices S U P P L Y C H A I N Significant Providers* of Office Supplies in 2023 ESG Initiatives, Plans, Targets & Commitments • In-store recycling solutions and eco-responsible products and packaging and leveraging Bullfrog Power to help support transition from fossil fuels to renewable energy. • Commitment to reduce operational carbon emissions by 35% and divert 90% of waste from fulfillment centres to recycling by 2028. • Wastepaper packaging and recycling initiative, electronic product stewardship helping to design, promote and implement sustainable solutions for end-of-life electronics, and battery recycling. • Commitment to a sustainable future and environmental conservation by way of The Clean Earth Campaign and the adoption of a corporate environmental charter along with a net zero by 2050 commitment, with goal to reduce absolute Scope 1 and Scope 2 GHG emissions by 42% and absolute Scope 3 GHG emissions (category 1 and 11) 25% by 2030. • Environmental programs to limit waste, conserve energy, promote recycling and minimize use of harmful chemicals, and community initiatives focussed on education, entrepreneurism and strengthening communities. • Various environmental targets, including achieving zero waste in 30% of distribution centres by 2025 and a 46% reduction of absolute Scope 1 and Scope 2 GHG emissions by 2030. • Energy efficiency, cultivating inclusion through an inclusive and diverse workforce, advancing digital inclusion (UNICEF’s Giga initiative), and upholding trust through artificial intelligence practices. • Net zero by 2050 commitment, with a reduction of Scope 1 and Scope 2 GHG emissions by 50% by 2030 and sourcing 100% of electricity from renewable sources across all Dell Technologies facilities by 2040. • Reducing waste and packaging, protecting natural resources, and supporting a responsible and more diverse supply chain. • Net zero by 2040 commitment, with a goal to power all operations with 100% renewable energy by 2025 (five years ahead of 2030 target). • ‘Go Green’ Mandate that provides customers with expanded options in the areas of responsibility, sustainability and minimization of waste, including biodegradable packaging, recycling programs, and certified fair trade and sustainable product offerings. We have a Supplier Code of Conduct, which sets out our expectations for organizations, including their employees and representatives, who supply goods and services to us (collectively, our “Suppliers”). The Supplier Code of Conduct is delivered to Suppliers and we require in our contractual arrangements that they comply with such code of conduct. Although Franco-Nevada has certain suppliers of office supplies for our corporate operations, most of our Suppliers are technical, ESG and other consultants who provide information and advice to our company to support and supplement our due diligence when evaluating royalty and stream opportunities. Suppliers are expected to: • Conduct their business activities in compliance with laws and standards in the jurisdictions in which they operate; • Prevent conflicts of interest with Franco-Nevada; • Employ individuals above the legal age of employment, not to use forced or slave labour, meet minimum wage requirements and not exceed working hour and day regulations; • Recognize freedom of association and the right to collective bargaining; • Refrain from discriminating against their employees; • Respect the dignity of their own employees and others, adhere to principles of diversity and maintain a respectful workplace; and • Afford equality of opportunity to all people. Suppliers are also encouraged to: • Reduce GHGs; • Preserve water and minimize water pollutants; • Maintain soil, biodiversity and ecosystem quality; • Reduce resource waste and foster optimal resource use; • Incorporate climate change risk assessment into their risk management procedures; and • Measure and publicly report on their climate change risk and environmental performance. In addition, in accordance with our Climate Action Policy (described on page 35) , before transacting with any significant provider of goods for our corporate operations, we ensure that such supplier has commitments, plans, targets and initiatives aligned with net-zero emissions by 2050 or sooner. Failure of any of our Suppliers to comply with our Supplier Code of Conduct may result in the termination of our relationship with the Supplier. To date, we have not been aware of any such failure by our Suppliers to comply with our Supplier Code of Conduct. This year marks our first year of reporting under Canada’s recently enacted Fighting Against Forced Labour and Child Labour in Supply Chains Act . Our report outlines the steps we have taken during 2023 to prevent and reduce the risk that forced labour or child labour is used in our business or supply chain. A copy of our inaugural report is available on our website. Related Policies and Statements: • Supplier Code of Conduct • Climate Action Policy • Fighting Against Forced Labour and Child Labour: Steps Taken by Franco-Nevada in 2023 “... before transacting with any significant provider of goods for our corporate operations, we ensure that such supplier has commitments, plans, targets and initiatives aligned with net-zero emissions by 2050 or sooner.” * "Significant provider" means a supplier of goods providing 10% or more of our office supplies (based on overall costs)