39 Corporate Scope 1 GHG Emissions Total Corporate Scope 2 Emissions (tCO e) Message from our CEO 70.0 2 Operating solely in office environments, 63.9 Report Highlights our company does not have any quantifiable 57.6 Scope 1 emissions. For example, Commerce 60.0 “Our recent annual Court West, our corporate head office building About Franco-Nevada in Toronto, is heated with steam and utilizes 50.0 37.3 Scope 2 emissions electricity, which are reported under Scope 2 40.5 are still lower than Responsible emissions. We acknowledge that some of our 40.0 34.4 Capital Allocation workforce may from time-to-time access certain 30.0 pre-COVID levels, public areas during their work days that are 24.5 which is primarily due Community heated by, or otherwise utilize, fossil fuels. 20.0 to our shift to remote Although we do not have access to sufficient Contributions data to calculate our share of these Scope 1 10.0 23.2 26.6 and hybrid work emissions, we have purchased carbon offsets 16.0 Good Governance and accounting for 125% of our overall reported - arrangements during Shareholder Alignment Corporate Emissions to factor these in. 2021 2022 2023 2021, 2022, and 2023.” Diversity, Inclusion Corporate Scope 2 GHG Emissions* Electricity Steam and Well-Being The production of GHGs associated with our energy usage and heating sources, comprised † Climate Action of electricity and steam, are indirect (Scope 2) Corporate Utility Usage and Waste emissions, which are set out in the adjacent The following sets out our annual utility usage Climate Action chart. Our recent annual Scope 2 emissions and waste for the years 2021 to 2023. Commitments and Plans are still lower than pre-COVID levels, which is primarily due to our shift to remote and Unit 2021 2022 2023 Overall Carbon Footprint hybrid work arrangements during 2021, Electricity kWh 190,545 213,596 215,371 Corporate Footprint 2022, and 2023. We have begun to see these emissions normalize as we have had Steam lb 305,306 393,124 403,169 Investment Footprint increasing levels of in-office work in 2022 and 2023. Chilled ton-h 33,448 27,513 32,388 Transparency and Water Guiding Principles 3 Water m 371 450 562 About this ESG Report Waste kg 833 1,511 1,951 Appendices Commerce Court West in Toronto Commerce Court, North Tower (part of the building complex of our head office) * Historically, our Scope 2 emissions were disclosed on a partial FTE basis (2021 – 88.9%; 2022 – 87.5%) due to unavailability of such data for our United States and Australian offices. Commencing in this ESG Report, we have grossed up these emissions to 100%, which has resulted in a restatement of our Scope 2 emissions for 2021 (previously 36.0 tCO e) and 2022 (previously 50.4 tCO e). 2 2 † Represents raw data for utilities used in Toronto and Barbados offices. The portion of water usage and waste data relating to our Toronto office has been generated by building management and represents our proportionate share of the building’s aggregate water usage and waste.