Message from our CEO 55 Report Highlights Emissions (tCO e) 2 About Franco-Nevada 2022 2021 2020 Asset Operator Scope 1 Scope 2 Total Scope 1 Scope 2 Total Scope 1 Scope 2 Total Responsible Southeastern System Capital Allocation (Brazil) Vale S.A. 1,414,119.4 72,706.5 1,486,825.9 1,732,322.6 100,027.9 1,832,350.6 1,442,456.0 117,214.0 1,559,670.0 Stillwater* Sibanye-Stillwater 32,465.0 114,821.0 147,286.0 38,433.0 116,351.0 154,784.0 63,303.0 110,272.0 173,575.0 Community (USA - Montana) Ltd. Contributions Subika Newmont (Ghana) Corporation 5,275.1 18,772.9 24,047.9 4,739.3 13,845.4 18,584.7 3,739.0 18,134.0 21,873.0 Good Governance and Sudbury-McCreedy West Mine KGHM International 1,760.2 4,214.3 5,974.5 1,162.2 3,019.6 4,181.7 1,284.5 3,748.4 5,032.9 Shareholder Alignment (Canada - Ontario) Ltd. Tasiast Kinross Gold 363,260.2 - 363,260.2 102,701.4 53,551.8 156,253.3 295,687.0 - 295,687.0 Diversity, Inclusion (Mauritania) Corporation and Well-Being Timmins West Pan American Silver 21,140.0 16,667.9 37,807.9 14,865.2 11,966.7 26,831.9 15,754.0 12,616.0 28,370.0 (Canada - Ontario) Corp. Climate Action Yandal (Julius/Red Lake) Northern Star 136,631.8 - 136,631.8 137,249.6 - 137,249.6 117,103.0 - 117,103.0 (Australia - W. Australia) Resources Limited Transparency and * Emission data sourced from operator's CDP reports. 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