Message from our CEO 74 Report Highlights control of such risks by reviewing quantum ($246.4 million as at December 31, Activity Metrics About Franco-Nevada management’s assessment of the 2023) of our equity investments. For this significant risks and exposures reason, we do not have formal proxy voting FN-AC-000.A Responsible impacting our company, including and investee engagement policies and (1) Total registered and (2) total unregistered Capital Allocation ESG and climate change risks. procedures and the information required assets under management (AUM) in this SASB standard has been omitted. ESG Oversight and Implementation; Franco-Nevada does not have any registered Community Climate-Related Scenarios and Risk Profiling Business Ethics assets (nil) under the SASB definition of Contributions Refer to our Task Force on Climate-related Registered AUMs. Accordingly, all (100%) Financial Disclosures section of this ESG FN-AC-510a.1 of our assets are unregistered assets, all Good Governance and Report in Appendix C for: Total amount of monetary losses as a result of which are under our company’s control Shareholder Alignment of legal proceedings associated with fraud, and supervision. For details regarding our • Details regarding our company’s Board insider trading, anti-trust, anti-competitive assets, please refer to our Consolidated and management oversight over ESG behaviour, market manipulation, malpractice, Statements of Financial Position in our Diversity, Inclusion (including climate-related) policies, or other related financial industry laws Audited Financial Statements for the year and Well-Being programs and risk mitigation and or regulations ended December 31, 2023 and to the management’s day-to-day implementation notes referenced in the statements. Climate Action of ESG factors and considerations; We are aligned with the SASB disclosure • A description of our climate-related scenario standards having disclosed the total amount FN-AC-000.B Transparency and analyses to determine our company’s risk of monetary losses (nil) as a result of legal Total assets under custody and supervision Guiding Principles profile, which incorporates our understanding proceedings associated with fraud, insider and assumptions of ESG trends applicable trading, anti-trust, anti-competitive behaviour, Please refer to the note above for SASB to the mining and energy industries; and market manipulation, malpractice, or other standard FN-AC-000.A. All of our company’s About this ESG Report • An assessment of climate-related risks related financial industry laws or regulations. assets are under our supervision. For details and opportunities and how these inform Also refer to Appendix A to this ESG Report regarding our assets, please refer to our Appendices our investment strategies. for further information. Consolidated Statements of Financial Position in our Audited Financial Statements A: ESG Performance Table FN-AC-410a.3 FN-AC-510a.2 for the year ended December 31, 2023 and B: Operators’ Emissions Description of proxy voting and investee Description of whistleblower policies to the notes referenced in the statements. engagement policies and procedures and procedures C: TCFD Disclosure D: SASB Disclosure As a royalty and streaming company, our Our Whistleblower Policy and our Employee E: GRI Index equity holdings do not represent a material Complaint Procedures for Accounting and portion of our business and the management Auditing Matters can be found on our F: Sustainable of security portfolios and active engagement website. Also refer to page 24 of this ESG Development Goals with investee companies are each not Report for a description of such policies and G: KPMG: Independent applicable to our company. Refer to Note 4 related procedures and Appendix A to this Limited Assurance Report in our Audited Financial Statements for the ESG Report for the number of instances year ended December 31, 2023 for the total of whistleblower complaints (nil) in 2023. H: Carbon Neutral Initiative