FNV: TSX | NYSE 103 TCFD Disclosure As a royalty and stream company, subject to the limited contractual protections contained in our royalty and stream arrangements (refer to page 11 in this ESG Report for further detail) we do not exercise control over the operations (including the emissions and carbon footprints) of our operators. It follows that our targets used to assess and manage climate-related risks and opportunities can only extend to our own actions and initiatives. Our climate-related targets and 2021 performance related to such targets are as follows: Capital Allocation to Responsible Resource Development: We are convinced of the long-term appeal of gold in the transition to a low-carbon economy and our top priority is to add best-in-class gold assets to our portfolio. • Target : We aim to allocate our capital with a focus upon gold and other precious metals, and to make opportunistic investments in other metals. We will not look to grow the energy mix in our portfolio through acquisition to manage our exposure to fossil fuel related climate risk. • Performance : In 2021, approximately 77% of revenue was generated from gold and gold equivalents with 58% from gold. While we successfully invested in precious metal assets, including acquiring a gold and silver stream on the Condestable mine in Peru and a royalty on the Seguela gold project in Cote d’Ivoire, we also made significant opportunistic investments in diversified assets during the year, including the acquisition of debentures entitling Franco-Nevada to a royalty over iron ore production from Vale’s Northern System, Southeastern System and on certain copper and gold assets in Brazil and we acquired an additional royalty on Hudbay’s Rosemont copper project in Arizona. Operationally Carbon Neutral: Our initiatives to reduce our carbon footprint in our office workplaces (e.g. notice-and-access, reduction in paper size, etc.) are described in this ESG Report (refer to pages 30-33). For the emissions that we cannot reduce or eliminate, we seek to purchase carbon offsets to offset our emissions. • Target : We are committed to achieving carbon neutrality annually for our global operations. • Performance : In 2021, we achieved carbon neutrality for our global operations for a second consecutive year. Climate-Related Initiatives: Our relationships formed in the industry and with the existing operators of the projects in which we have royalty and stream interests will position us to assist our operators in financing projects to reduce their carbon footprint. • Target : We aim to provide financing support to operators for initiatives to reduce their carbon footprint. • Performance : In 2021, we advanced our efforts to finance our operators’ low-carbon transition projects. We committed $450,000 to help finance Continental Resources’ solar-powered water recycling project in Oklahoma and $150,000 of such commitment was funded in 2021 (refer to page 46 of this ESG Report). We expect to make further progress through 2022. Enhanced Climate-Related Transparency: With the ever-evolving sustainability movement, we seek to provide increased transparency in our sustainability reporting and continue to address pertinent climate- related issues that are important to our stakeholders. • Target : We will continue to improve annual climate-related disclosure, providing increasing transparency. • Performance : For 2021, we significantly enhanced our climate-related disclosure, with the strengthening of our TCFD-aligned climate disclosure and offering other new disclosure, including providing fulsome emissions data for our operating mining assets, as provided by McKinsey MineSpans (see Appendix B of this ESG Report).