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 Transparency and Guiding Principles About this ESG Report Appendices A: ESG Performance Table B: Operators’ Emissions C: TCFD Disclosure D: SASB Disclosure E: GRI Index F: Sustainable Development Goals G: KPMG: Independent Limited Assurance Report H: Carbon Neutral Initiative 57 ESG and Climate-Related Accountability Starting in 2020, ESG was adopted as a specific corporate goal used to evaluate management’s performance for executive compensation decisions, in recognition of the importance of managing ESG issues, including climate-related issues, to our business and the greater emphasis on ESG that the CESGC would apply in evaluating management’s performance. On an annual basis, the CESGC will evaluate management’s performance in connection with ESG due diligence processes, reporting and compliance, community contributions, diversity and inclusion and ESG rankings. For further details as to this corporate goal and its subcomponents, please refer to the adjacent chart. ESG Objectives for Evaluating Management ESG Due Diligence ESG due diligence is critical in growing Franco-Nevada’s business Diversity and Inclusion Diversity and inclusion are key components to Franco-Nevada's success ESG Rankings ESG rankings recognize management’s efforts with respect to ESG ESG due diligence will evaluate (i) whether appropriate ESG due diligence was presented to the Board in connection with new investments, and (ii) whether any ESG issues that actually occur were reasonably foreseeable through due diligence Diversity and inclusion will evaluate management’s progress on diversity and inclusion at the company ESG Reporting and Compliance ESG initiatives should be adopted to be responsive to shareholders and stakeholders Reporting and compliance will evaluate if (i) the Board is informed on ESG initiatives, (ii) there is effective shareholder engagement, and (iii) ESG initiatives, including climate targets and reporting initiatives, are successfully implemented Contributions and Community Outreach Franco-Nevada should make a positive impact in the local communities in which its assets are located as well as locally Contributions and community outreach will evaluate if management is successful in executing ESG contributions in partnership with operators and in the mining industry, and their engagement in local community initiatives ESG rankings will help inform the CESGC’s evaluation of management’s performance on ESG issues