TABLE OF CONTENTS 1 Message from our CEO 18 Community Contributions 34 Climate Action 49 Appendices 19 Community Support 35 Climate Action Commitments and Plans 50 A: ESG Performance Table 2 Report Highlights 21 Industry and Other Support 36 Overall Carbon Footprint 52 B: Operators’ Emissions 38 Corporate Footprint 56 C: TCFD Disclosure 4 About Franco-Nevada 22 Good Governance and 41 Investment Footprint 72 D: SASB Disclosure Shareholder Alignment 75 E: GRI Index 5 Responsible Capital Allocation 23 Corporate Governance 42 Transparency and 79 F: Sustainable Development Goals 6 Due Diligence Process 24 Integrity and Compliance Guiding Principles 81 G: KPMG: Independent Limited Assurance Report 7 Ongoing Asset Management 25 Shareholder Alignment 43 TCFD, SASB, and GRI 82 H: Carbon Neutral Initiative 8 Key ESG Factors 26 Cyber and Technological Security 44 UN Global Compact and SDGs 9 Health and Safety 45 Responsible Gold Mining Principles 10 Carbon Footprint 27 Diversity, Inclusion 47 ESG Ratings and Recognition 12 Water Management and Risk and Well-Being 13 Tailings Management 28 Diversity and Inclusion 48 About this ESG Report 14 Biodiversity 31 Employee Benefits and Well-Being 17 Supply Chain 32 Health, Safety and Security 33 Human Rights, Non-Discrimination, Anti-Harassment and Equal Opportunity