2 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 R E P O R T H I G H L I G H T S DUE DILIGENCE TO INVEST IN STRONG ESG PERFORMERS Our principal ESG-related focuses when making investments are highlighted in this ESG Report, including health and safety, carbon footprint, water management and risk, tailings management and biodiversity. We have also assessed how the operators of our top revenue-generating mining assets have performed in each of these five categories. Read more à (page 6) INCREASED COMMUNITY CONTRIBUTIONS AND COMMITMENTS Our community contributions funded increased year-over-year, including our renewed Enseña Peru funding in Peru and new contributions in Brazil, Senegal, the United States, and Canada. We continue to support mining industry groups and diversity initiatives. Read more à (page 19) FOCUS ON EMPLOYEE WELL-BEING AND ACCOMMODATIONS We have highlighted the efforts made by our organization to promote the physical and mental well-being of our employees, including providing hybrid work arrangements, health benefits, wellness allowances, accommodations for cultural and religious beliefs, and the ability to disconnect when not working. Read more à (page 31) FURTHERED DIVERSE REPRESENTATION AND DIVERSITY INITIATIVES We achieved our goal to have 40% diverse persons at the Board and senior management levels (as a group) ahead of schedule. The number of Franco-Nevada Diversity Scholarship awards increased in 2023, with five new students from four Canadian universities receiving scholarships. Read more à (page 28) Adrian Wong, VP Tax (left) and Sandip Rana, Chief Financial Officer (right) (2023) "We achieved our goal to have 40% diverse persons at the Board and senior management levels (as a group) ahead of schedule."