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