Message from our CEO 67 Report Highlights Resilient Operators Carbon Sequestration at Weyburn to monitor GHG Protocol guidance for Mt. Keith Solar Farm About Franco-Nevada Our investments in organizations, projects (Franco-Nevada has royalty interests direction on the treatment of eliminated GHG and Carbon Capture and initiatives developing adaptive capacity and a working interest at Weyburn) emissions, including sequestered emissions, (Franco-Nevada has royalty interests Responsible to respond to climate change to better manage in connection with our calculation of overall on the Mt. Keith nickel operation) Capital Allocation climate-related risks and seize opportunities Whitecap Resources’ Weyburn Unit in southeast Financed Emissions. may improve our own reputation, market Saskatchewan is a CO injection enhanced oil In July 2021, BHP announced its plans to 2 valuation and resilience to the transition recovery project. CO is transported as a liquid Mining and energy operators utilizing lower build a 27.4 MW solar farm at its Mt. Keith 2 Community to a low-carbon economy. from two separate industrial sources. At the emission and emissions reduction processes nickel operations, BHP’s first off-grid large- source, the CO is captured and compressed and technologies demonstrate their adaptability scale renewable energy project across its Contributions 2 Many of the assets in our portfolio are operated before transmission via pipeline to Weyburn. to climate change. As decarbonisation continues global operations, which will replace power by best-in-class operators. The ingenuity and The CO in liquid form is then injected at high to take centre stage, we will continue to look currently supplied by diesel and gas. Good Governance and 2 Shareholder Alignment technical skills of these operators, including pressure into the Weyburn Unit. The gas stream to partner with and fund these companies relating to sustainable practices, processes that is recovered with the oil production is and projects, which involvement will improve Covering almost one square kilometer and technologies, often provide them with a processed for natural gas liquids and the our own sustainability profile. and having more than 70,000 solar panels, Diversity, Inclusion competitive advantage, reducing their costs remaining CO volume is reinjected into the the solar farm is one of the world's largest 2 and Well-Being and their operating risks and ultimately formation on an ongoing basis. Accordingly, Continental Resources Carbon off-grid mining solar and battery storage reducing their cost of capital. with minor adjustment for losses, all of the Capture and Sequestration Project systems, which will significantly reduce BHP’s CO purchased and transported by pipeline (Franco-Nevada has a strategic royalty Scope 2 emissions at Mt. Keith. The solar Climate Action 2 Mining operators, including all of our Top for injection at Weyburn constitutes additional acquisition venture with Continental) farm went live in November 2023. Mining Producers, contributing to more than CO volumes stored each year. Transparency and 2 Guiding Principles 90% of our 2023 mining revenues have In March 2022, Continental Resources In October 2021, BHP also announced plans proactively set targets and developed plans Since its inception in 2000, more than 40 million announced that it would be investing $250 to conduct trials at the Mt. Keith tailings to reduce carbon emissions, with some tonnes of CO , or an average of 1.7 million million over the next two years to help Summit dam at Nickel West, which could store about 2 About this ESG Report committing to the long-term achievement tonnes of CO per annum, from two separate Carbon Solutions build a $4.5 billion carbon 40,000 tonnes of CO from the atmosphere 2 2 of net-zero emissions. industrial sources have been captured and capture and sequestration project. It is per year. BHP’s initial research has indicated Appendices stored 1.5 km underground, the equivalent anticipated that the project will capture and that enhancing the mineral carbonation rate We continue to look for opportunities to of taking approximately 8 million cars off the transport via pipeline 14.3 million metric of the tailings dam could significantly increase A: ESG Performance Table invest in other best-in-class operators and, road for an entire year. In addition to having tonnes per year of CO from 49 ethanol plants its capacity to store CO . 2 2 as a capital provider, potentially facilitate carbon storage benefits, injecting CO helps oil across the US Midwest. That carbon will B: Operators’ Emissions 2 their low-carbon transitions. On this page, come to the surface more easily and improves then be sequestered in subsurface geologic In November 2023, Area Climate Technologies, C: TCFD Disclosure we have highlighted the resourcefulness the efficiency of production, maximizing the formations in North Dakota, where Continental a Canadian company, launched an 18-month D: SASB Disclosure of certain of our operating partners, their ultimate recovery of oil originally in place. Resources will leverage its geologic expertise project to test its air-to-rock carbon mitigation E: GRI Index efforts to reduce their carbon footprints, gained from its extensive oil and gas drilling methodology to capture and permanently and their commitments to combating climate The sequestered emissions attributable operations in the Bakken shale. store carbon dioxide, while demonstrating F: Sustainable change, which exemplify the types of operators to our royalty and working interests in the the technologies can be safely integrated Development Goals and operations where we look to deploy capital. Weyburn Unit, are 274,314 tCO for 2022. The project aims to bring operations online i at Mt. Keith. 2 G: KPMG: Independent For greater certainty, we do not reduce n mid-2026 and will have the capability of Limited Assurance Report or set-off our Financed Emissions with expanding to ultimately transport up to 20 sequestered emissions. We continue million metric tonnes per year of CO . 2 H: Carbon Neutral Initiative