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