36 Message from our CEO Report Highlights About Franco-Nevada Responsible Capital Allocation Community Contributions Good Governance and Shareholder Alignment Diversity, Inclusion and Well-Being Climate Action Climate Action Commitments and Plans Overall Carbon Footprint Corporate Footprint Investment Footprint Transparency and Guiding Principles About this ESG Report Appendices Corporate and Financed Emissions Franco-Nevada’s carbon footprint is comprised of emissions relating to our corporate offices as well as financed emissions, which are estimated emissions based upon production attributable to our royalty and stream interests (referred to as “Financed Emissions”). Since 2020, our corporate operations have been carbon neutral. We have accomplished this, and will continue to do so, through initiatives to reduce our corporate GHG emissions and through the purchase of high quality carbon credits to offset emissions that cannot be eliminated. While it is important for us to be operationally carbon neutral, we acknowledge that our own total operational emissions are minimal relative to the operations in which we invest and much of our ability to have a positive impact on the climate relates to our engagement with and support of our current operators and to our future capital allocation strategy. O V E R A L L C A R B O N F O O T P R I N T Legend Emissions from corporate operations Purchased carbon offsets Financed Emissions from mining interests Financed Emissions from energy interests Sequestered emissions from Weyburn working interest and royalties Financed Emissions (2022) Corporate Emissions (2023) 63.9 -79.9 118.8 -148.5 26.3 -32.9 5.6 -7.0 412,264 146,376 -274,314 558,640 -280,000 -180,000 -80,000 20,000 120,000 220,000 320,000 420,000 520,000 620,000 -100 100 200 -200 300 400 500 Gross emissions Offsets Gross emissions Sequestered emissions (tCO 2 e) (tCO 2 e) Corporate Emissions and Financed Emissions depicted below and adjacent are not to scale, with total Financed Emissions being approximately 3,000 times Corporate Emissions Scope 2 Electricity and Steam (see page 39) Scope 3 Business Travel and Employee Commuting (see page 40) Scope 3 Office Supplies (see page 40) Scope 3 Water and Wastewater (see page 40) Scope 3 Investments (see page 41) Purchased carbon offsets for 125% of our Corporate Emissions (see page 40) Sequestered emissions attributable to our Weyburn working and royalty interests We do not reduce or set-off our Financed Emissions with such sequestered emissions ( see page 67 ) “Since 2020, our corporate operations have been carbon neutral. We have accomplished this, and will continue to do so, through initiatives to reduce our corporate GHG emissions and through the purchase of high quality carbon credits to offset emissions that cannot be eliminated.“