Message from our CEO APPENDIX H: CARBON NEUTRAL INITIATIVE 82 Report Highlights About Franco-Nevada Responsible Capital Allocation Community Contributions Carbon Neutral for Corporate Operations (2023) Good Governance and Carbon Offset Purchased from Supplier Shareholder Alignment Emissions Eliminated Carbon Offset Supplier Cururos Wind Farm Project, Madre de Dios Amazon REDD Project, Chile (50%) Peru (50%) Diversity, Inclusion † and Well-Being All emissions* for our global operations Innovate Climate Inc. Gold Standard Certified Verra Certified ◊ • Barbados-based supplier of high quality The Cururos Wind Farm Project includes Madre de Dios, known for its biodiversity, Climate Action carbon offsets two wind farms called “El Pacifico" and is home to endangered species like the • Portion of profits help support Barbadian “La Cebada" with a total installed capacity black caiman, harpy eagle, and giant otter. NGOs, including I Am A Girl, Coral Reef of 109.6 MW and an average generation However, the construction of the South Transparency and Restoration Alliance, and The Future of 290 GWh per year. The project will also Inter-Oceanic Highway has led to increased Guiding Principles Centre Trust contribute to the sustainable development accessibility and immigration, resulting in of the country and region by decreasing rapid land use change and forest degradation. About this ESG Report the dependency on limited non-renewable The project’s aim is to preserve community resources, generate employment opportunities, forests through the promotion of sustainable Appendices contribute to the transfer of clean technology, economic activities, forest governance, and create new direct and indirect and the establishment of conservation A: ESG Performance Table income sources. agreements. B: Operators’ Emissions * Represents all of our estimated reported emissions from our global corporate operations in 2023, or 214.6 tCO e (equal to total Scope 2 emissions of 63.9 tCO e plus total Scope 3 emissions of 150.7 tCO e), which are calculated subsequent C: TCFD Disclosure 2 2 2 to year-end. As indicated in the Corporate Footprint section in this ESG Report, our global operations do not have Scope 1 (direct) emissions as our offices rely on electricity and steam for energy and heating, which are included under our Scope 2 D: SASB Disclosure (indirect) emissions. † We purchased offsets representing 125% of our grossed up emissions to provide for a buffer to ensure that all of our company’s corporate operational emissions were covered, including to account for certain minimal but unquantifiable emissions E: GRI Index which some of our employees may periodically contribute to. See page 40 for further details. ◊ We consider "high quality" offsets to have several characteristics, the most important being the quality of certification of the offset and the ability of the purchaser to retire offsets once the benefit has taken place. F: Sustainable Development Goals G: KPMG: Independent Limited Assurance Report H: Carbon Neutral Initiative