3 MAINTAINED CARBON NEUTRALITY FOR CORPORATE EMISSIONS Message from our CEO Since 2020, we have maintained carbon neutrality for our corporate operations. We have accomplished this, and will continue to do so through the reduction of our corporate Report Highlights GHG emissions and the purchase of high quality carbon credits to offset emissions that cannot be eliminated. About Franco-Nevada Read more à (page 35) Responsible Capital Allocation ALIGNMENT OF ESG REPORTING Community WITH TCFD, SASB AND GRI Contributions Our ESG disclosure is aligned with leading reporting standards and frameworks, including Commerce Court West, Toronto the Sustainability Accounting Standards Board and Global Reporting Initiative standards and Good Governance and NEW EMISSION the Task Force on Climate-related Financial Disclosures framework. Shareholder Alignment REDUCTION TARGETS Read more à (page 43) Diversity, Inclusion We have adopted emission reduction targets for our corporate emissions in line with our goal and Well-Being to achieve net-zero emissions by 2050 or sooner. The targets include a 42% reduction of our INITIATIVES ALIGNED WITH Scope 1 and 2 emissions by 2030 and a 30% reduction of our overall corporate emissions UN SUSTAINABLE DEVELOPMENT GOALS Climate Action (Scope 1, 2 and 3, excluding financed emissions) by 2030, each from a 2023 base year. We have advanced the implementation of measures and programs to reduce our carbon Initiatives across our business help advance a number of the Sustainable Development Goals, Transparency and footprint in furtherance of our emission reduction targets. which were adopted by the United Nations in 2015 as a universal call to action to end poverty, Guiding Principles protect the planet, and ensure that by 2030 all people enjoy peace and prosperity. Read more à (page 35) About this ESG Report Read more à (page 44) OUR SCOPE 3 EMISSIONS CONTINUED HIGH RANKINGS AND Appendices INCLUDE FINANCED EMISSIONS RECOGNITION FROM ESG RATING AGENCIES We have measured and disclosed financed GHG emissions attributable to our royalty and stream interests, included as Scope 3, Category 15 (Investments) emissions. In this ESG We continue to receive recognition for our ESG efforts and rank highly with top ESG rating Report, we include a primer for navigating the Greenhouse Gas Protocol standards, including agencies. Franco-Nevada is the #1 ranked precious metals company and the #1 ranked gold what comprises Scope 1, 2 and 3 emissions. company by Sustainalytics. We are rated “AA” by MSCI and “Prime” by ISS ESG. Read more à (page 41) Read more à (page 47)