40 Corporate Scope 3 Emissions (tCO e) Message from our CEO 2 160.0 Business Travel* Purchased Goods Water and Waste** Total Corporate Report Highlights 140.0 and Employee Commuting and Services Scope 3 Emissions 118.8 About Franco-Nevada 120.0 100.0 Responsible 85.6 Capital Allocation 80.0 150.7 100.6 60.0 68.3 110.3 Community 40.0 Contributions 0.4 26.3 0.3 18.4 20.6 20.0 0.4 11.0 2.2 31.9 11.3 24.3 1.7 3.4 5.6 4.6 17.3 18.2 1.2 9.4 18.0 1.7 2.5 0.7 4.1 1.0 Good Governance and 0.0 7.1 0.8 Shareholder Alignment 2021 2022 2023 2021 2022 2023 2021 2022 2023 2021 2022 2023 Employee Business Other Purchased Electronics Paper Use Water Waste Diversity, Inclusion Commuting - Car Travel - Air Goods and Services and Well-Being Climate Action Corporate Scope 3 Emission Reduction Carbon Neutral for GHG Emissions Targets and Initiatives Corporate Operations Climate Action Our corporate Scope 3 emissions are comprised In 2024, we adopted emission reduction targets We are committed to reducing our footprint. For 2023, we offset our global operational Commitments and Plans of estimated GHG emissions associated with for our corporate operations, including a 42% Since 2020, our corporate operations have emissions by purchasing from Innovate, work-related travel, employee commuting, reduction of our Scope 1 and 2 emissions been carbon neutral and we are committed a Barbados-based supplier of high quality Overall Carbon Footprint purchase and use of office supplies and by 2030 and a 30% reduction of our overall to achieving this annually going forward. We carbon offsets, a combination of certified Corporate Footprint services (including paper, electronic devices, Corporate Emissions (Scope 1, 2 and 3, accomplished this primarily by purchasing emission reduction offsets produced from kitchen supplies and other office goods excluding financed emissions) by 2030, high quality carbon offsets to account for international projects, including projects Investment Footprint and services), and water and waste**. The each from a 2023 base year. We opted to emissions we cannot eliminate. in Chile and Peru. Appendix H to this ESG Transparency and increase of our corporate Scope 3 emissions use 2023 as our base year as we believe Report contains further details regarding Guiding Principles in 2023 is primarily due to a year-over-year 2023 marks the first year that our Corporate our 2023 carbon neutrality. increase in business travel and increased Emissions have substantially normalized in-office presence resulting in additional since the COVID-related reduction of About this ESG Report employee commuting. Corporate Scope 3 emissions (2020-2022). * To improve the accuracy of our emission disclosure, commencing in this ESG Report, Scope 3 emissions relating to emissions have normalized to pre-COVID levels. (1) Business Travel are derived from the International Civil Aviation Organization’s Carbon Emissions Calculator using Appendices As discussed on page 38, we have already detailed flight and other data, and (2) Employee Commuting are derived from the Thrust Carbon calculator using detailed implemented or have advanced implementation data provided by our employees. We have restated Scope 3 emissions relating to Business Travel and Employee Commuting for 2021 (previously 11.5 tCO e and 8.7 tCO e, respectively) and 2022 (previously 37.4 tCO e and 22.2 2 2 2 of certain measures and programs to reduce tCO e, respectively) so that such data is calculated using our new accurate methodology. 2 our carbon footprint and achieve our emission ** Historically, our Scope 3 emissions attributable to water and wastewater (Scope 3, Category 5) were disclosed reduction targets. on a partial FTE basis (2021 – 88.9%; 2022 – 87.5%) due to unavailability of such data for our United States and Australian offices. Commencing in this ESG Report, we have grossed up these emissions to 100%, which has resulted in a restatement of our Scope 3, Category 5 emissions for 2021 and 2022.