DIVERSITY AND INCLUSION 28 Message from our CEO Report Highlights Diversity and Inclusion Policy † % We are committed to diversity among our Board of Directors 38 WOMEN About Franco-Nevada employees, executive officers and on our Board – VISIBLE MINORITIES Responsible and have made meaningful progress over the ♀♀ ♀♀ ♀♀ past few years in improving our diversity practices % DIVERSE PERSONS Capital Allocation and policies and increasing the number of 38 Diverse Persons* within our company. Community Senior Management◊ Contributions Our Diversity and Inclusion Policy emphasizes all forms of diversity in identifying candidates % WOMEN to recommend for appointment/election to the 14 Good Governance and ♀♀ Shareholder Alignment Board and for appointment/promotion to senior % VISIBLE MINORITIES management positions. Diverse candidates 43 must be included in any search for new Board ♀♀ % DIVERSE PERSONS Diversity, Inclusion members and senior management positions, 43 and Well-Being including for any new roles established by our company (including internal promotions). Diversity and Inclusion The Diversity and Inclusion Policy provides Global Workforce Employee Benefits for the following goals: and Well-Being • maintaining a Board composition in which ♀♀ ♀♀ ♀♀ ♀♀ ♀♀ Health, Safety and Security at least 30% of the independent directors % WOMEN Human Rights, are women; 45 ♀♀ ♀♀ ♀♀ ♀♀ ♀♀ Non-Discrimination, • achieving, by 2025, and thereafter % VISIBLE MINORITIES Anti-Harassment and maintaining, 40% Diverse Persons 45 Equal Opportunity at the Board and senior management ♀♀ ♀♀ ♀♀ ♀♀ % DIVERSE PERSONS level (on an aggregated basis); and 63 Climate Action • achieving, by 2025, and thereafter ♀♀ ♀♀ ♀♀ ♀♀ maintaining, a Board composition in Transparency and which at least one independent director Guiding Principles is a Diverse Person on grounds broader than gender diversity. Legend Woman Visible Minority Diverse Person* Other About this ESG Report ♀♀ Related Policies We have achieved our first two diversity goals and Statements: and remain committed to having Board diversity * Diverse Persons include women, Black, Indigenous and other people of colour, • Diversity and Inclusion Policy Appendices on grounds other than gender diversity by 2025. individuals who identify as LGBTQ2S+ and people with disabilities. † Following May 1, 2024 annual general and special meeting, the number of directors is anticipated to increase to 9, comprised of 33% women and Diverse Persons. ◊ Vice President and above.