1 Message from our CEO 2 Report Highlights 4 About Franco-Nevada 5 Responsible Capital Allocation 6 Due Diligence Process 7 Ongoing Asset Management 8 Key ESG Factors 9 Health and Safety 10 Carbon Footprint 12 Water Management and Risk 13 Tailings Management 14 Biodiversity 17 Supply Chain 18 Community Contributions 19 Community Support 21 Industry and Other Support 22 Good Governance and Shareholder Alignment 23 Corporate Governance 24 Integrity and Compliance 25 Shareholder Alignment 26 Cyber and Technological Security 27 Diversity, Inclusion and Well-Being 28 Diversity and Inclusion 31 Employee Benefits and Well-Being 32 Health, Safety and Security 33 Human Rights, Non-Discrimination, Anti-Harassment and Equal Opportunity 34 Climate Action 35 Climate Action Commitments and Plans 36 Overall Carbon Footprint 38 Corporate Footprint 41 Investment Footprint 42 Transparency and Guiding Principles 43 TCFD, SASB, and GRI 44 UN Global Compact and SDGs 45 Responsible Gold Mining Principles 47 ESG Ratings and Recognition 48 About this ESG Report 49 Appendices 50 A: ESG Performance Table 52 B: Operators’ Emissions 56 C: TCFD Disclosure 72 D: SASB Disclosure 75 E: GRI Index 79 F: Sustainable Development Goals 81 G: KPMG: Independent Limited Assurance Report 82 H: Carbon Neutral Initiative T A B L E O F C O N T E N T S