Message from our CEO 60 Report Highlights Potential Financial Impact for: About Franco-Nevada Description of Physical Risks Our Operating Partners Our Company Responsible PANAMÁ Capital Allocation • Panamá’s vulnerability to tropical storms and droughts is expected to increase Main risks: Health and safety of employees, damage to infrastructure; supply Revenue could be impacted in the short, medium or long-term due to as climate change impacts the El Niño/La Niña phenomenon chain disruptions interruptions to production caused by physical climate hazards Community • Episodes of extreme heat and the occurrence of wildfires are projected to rise Financial impacts to operations: Reduction in revenue due to production Risk of stranded Assets: Medium Contributions • Flooding and landslides could pose a significant risk, but the impact of climate delays; increased operational costs (i.e. repairs to operations, energy costs) change on these hazards is uncertain Good Governance and Shareholder Alignment NORTHERN ONTARIO • Wildfires, water stress and drought are projected to increase Main risks: Health and safety of employees; damage to infrastructure; supply Revenue could be impacted in the short, medium or long-term due to Diversity, Inclusion • Rising temperatures in Ontario will reduce the risk of extreme cold chain disruptions interruptions to production caused by physical climate hazards and Well-Being • Changes to precipitation levels are expected, but the possible impacts on Financial impacts to operations: Reduction in revenue due to production Risk of stranded Assets: Low mining operations appear limited delays; increased operational costs (i.e. repairs to operations, energy costs) Climate Action Transparency and Guiding Principles About this ESG Report Appendices A: ESG Performance Table B: Operators’ Emissions C: TCFD Disclosure D: SASB Disclosure E: GRI Index F: Sustainable Development Goals G: KPMG: Independent Limited Assurance Report H: Carbon Neutral Initiative