46 Message from our CEO RGMP Policy Measures Description of Implementation Assurance Statement Although there is no obligation in the RGMPs Training. Franco-Nevada will conduct training sessions to promote the All of our employees attended a training session covering the training subject for royalty and streaming companies to Report Highlights understanding of: Franco-Nevada’s obligations and objectives under the matter set out in the RGMP Policy and provided a written acknowledgement arrange for external assurance for their RGMPs, internal systems and processes in place to conform to such of their participation in a training session in 2023. All of our employees also RGMP commitments, Franco-Nevada engaged About Franco-Nevada obligations and objectives, and the progress made and to be made by provided a separate annual written acknowledgement of their understanding Franco-Nevada in conforming to such obligations and objectives. Such of the RGMPs and Franco-Nevada’s RGMP obligations and commitments. the services of an assurance provider, KPMG training sessions will be conducted for employees every three years, with LLP (“KPMG”), to provide limited assurance Responsible the exception of new employees who will receive such training during the on our description of implementation against Capital Allocation calendar year that they join Franco-Nevada. specific RGMP Policy measures set out in the table above. KPMG’s Independent Limited Due Diligence. Franco-Nevada will identify and record RGMP implementation We have developed an ESG due diligence checklist used for evaluating Assurance Report is included in Appendix G Community and conformance when evaluating new mining investments, including whether our royalty and stream opportunities, which includes an assessment of the to this ESG Report. Contributions the applicable miner is a WGC member and/or has adopted the RGMPs applicability of the WGC and RGMPs to the miner, including the membership or whether the RGMPs are not applicable to the miner (e.g. if the operator by the miner in the WGC, the adoption of the RGMPs by the miner, and the is a diversified mineral producer). If the miner has adopted the RGMPs, stage of implementation and conformance with the RGMPs by the miner. Good Governance and Franco-Nevada will identify and record the stage of implementation of A summary of such assessment is included in the final memorandum in “As a royalty and stream Shareholder Alignment and conformance with the RGMPs at the applicable mining operation. connection with the opportunity submitted for final approval to the Board of Directors approving the transaction or, if within management’s authority to company, we are approve such transaction, the executive committee. In 2023, we included committed to... Diversity, Inclusion such assessment in all final memorandums submitted for final approval. and Well-Being use our best endeavours External Consultants. When Franco-Nevada engages technical, ESG or other New external consultants engaged during 2023 verified in their consulting to encourage adoption of third-party consultants to assist Franco-Nevada with its evaluation of new agreements that they are familiar with the RGMPs, the RGMP requirements Climate Action mining investments, Franco-Nevada will ensure that the consultants are for capital and finance providers, and Franco-Nevada’s commitments thereto. the RGMPs at all operations familiar with the RGMPs and understand Franco-Nevada’s commitments where we have in昀氀uence Transparency and thereunder and Franco-Nevada will obtain a written acknowledgement Guiding Principles from the consultants verifying their awareness. and, to the extent applicable, Contractual Provisions. Franco-Nevada will endeavour to negotiate contractual In all new instances where we contracted with Gold Miners in 2023, we were ensure conformance with TCFD, SASB, and GRI provisions when making new investments with a view to having gold miners successful in including RGMP-related contractual provisions in our royalty the RGMPs for any gold UN Global Compact and SDGs (“Gold Miners”) use commercially reasonable efforts to adopt (or to continue or stream agreement with them. to adopt and implement) the RGMPs and to ensure that the Gold Miners mining operations Responsible Gold Mining provide sufficient transparency to facilitate Franco-Nevada’s assessment of over which we have Principles the compliance by the Gold Miners with any agreed contractual provisions. ESG Ratings and Recognition direct control.” Monitoring. After each new royalty or stream acquisition in respect of a mining In our internal asset summaries for all mining royalty or stream acquisitions operation, Franco-Nevada will monitor whether the miner has adopted the since the implementation of our RGMP Policy we have recorded whether the About this ESG Report RGMPs, the stage of implementation of and conformance with the RGMPs, applicable miner is a WGC member and, if so, whether such miner has adopted and any material issues disclosed by the miner regarding such implementation the RGMPs, the stage of implementation of, and conformance with, the RGMPs Appendices and conformance. and we have conducted monitoring of the stage of adoption on a periodic basis. Transparency. On an annual basis, Franco-Nevada will publicly report on This segment of our ESG Report comprises our reporting in relation to our the status of its conformance to its RGMP commitments and the measures RGMP Policy implementation. described in our RGMP Policy.