REPORT HIGHLIGHTS 2 DUE DILIGENCE TO INVEST IN STRONG ESG PERFORMERS Message from our CEO 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 Report Highlights revenue-generating mining assets have performed in each of these five categories. About Franco-Nevada Read more à (page 6) Responsible INCREASED COMMUNITY Capital Allocation CONTRIBUTIONS AND COMMITMENTS Community Our community contributions funded increased year-over-year, including our renewed Enseña Contributions 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. Good Governance and Shareholder Alignment Read more à (page 19) Diversity, Inclusion FOCUS ON EMPLOYEE WELL-BEING and Well-Being AND ACCOMMODATIONS Climate Action 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, Transparency and wellness allowances, accommodations for cultural and religious beliefs, and the ability to Guiding Principles disconnect when not working. About this ESG Report Read more à (page 31) Appendices FURTHERED DIVERSE REPRESENTATION Adrian Wong, VP Tax (left) and Sandip Rana, Chief Financial Officer (right) (2023) AND DIVERSITY INITIATIVES We achieved our goal to have 40% diverse persons at the Board and senior management "We achieved our goal to have 40% diverse persons levels (as a group) ahead of schedule. The number of Franco-Nevada Diversity Scholarship at the Board and senior management levels awards increased in 2023, with five new students from four Canadian universities (as a group) ahead of schedule." receiving scholarships. Read more à (page 28)