Franco-Nevada Corporation 51 Appendix B: ISSB Sustainability Disclosure Standards Board Oversight The Board and its Committees provide oversight of our strategic approach to climate change and our ESG risks, which includes climate-related risks and opportunities affecting our business. A number of our Board members have skills and competencies in climate-related matters. Currently, two of our Board members, Derek Evans and Maureen Jensen, have expert level knowledge of climate risks, with five others, David Harquail, Paul Brink, Tom Albanese, Catharine Farrow and Jacques Perron, having sufficient knowledge of climate-related matters to provide high-level oversight of management. Each of the Board’s Committees have oversight of ESG and climate-related risks, opportunities and disclosures, which are embedded in the Committees’ Charters: § Compensation and ESG Committee (“CESGC”): Our CESGC develops and recommends to the Board our approach to ESG issues, including climate-related issues, reviews the adequacy of our ESG practices and policies and recommends any changes to the Board, approves the adoption of any ESG-related standards or initiatives, adopts ESG-related corporate goals used to evaluate management’s performance for executive compensation decisions and engages with our stakeholders in respect of ESG issues. § Audit and Risk Committee (“ARC”): Our ARC oversees our risk management, including climate change risks. Management’s Role The Board and its Committees oversee senior management, who are responsible for the management of ESG and climate-related risks and for the execution of ESG and climate-related opportunities. Our Chief Executive Officer is responsible for leadership on ESG and climate-related matters and our Chief Legal Officer has executive responsibility over such matters. Climate-related risks and opportunities are overseen by the following members of our executive team having stewardship over our organization’s units (including within our subsidiaries), each being responsible for implementing our ESG strategy and managing risks within their units: § Business Development (Chief Investment Officer) § Diversified (Senior Vice President, Diversified) § Finance (Chief Financial Officer) § Legal (Chief Legal Officer) Our Board oversight and management leadership of ESG and climate-related issues is depicted in the chart on the following page. Governance | Our governance around sustainability- and climate-related risks and opportunities Franco-Nevada is committed to supporting the Task Force on Climate-related Financial Disclosures (TCFD) recommendations and has disclosed in alignment with these since 2021. As highlighted on page 42, following Canada’s voluntary adoption of the ISSB Sustainability Disclosure Standards, commencing with this year's Sustainability Report, we have decided to begin transitioning our disclosure to be in alignment with these requirements which build on existing frameworks like the SASB Standards and the TCFD Framework. As the requirements in IFRS S2 are consistent with the four core areas and eleven recommended disclosures published by the TCFD, the sections and content contained in this year’s report have been similarly structured and we have provided a summary of our current processes and strategies for managing climate change on the following pages. We will continue to monitor evolving frameworks to identify gaps and enhance processes and capabilities, ensuring robust future climate-related disclosures going forward, taking into account our business and industry and the jurisdictions in which we and our partners operate. 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 Sustainability Report Appendices Appendices A: ESG Performance Table B: ISSB Sustainability Disclosure Standards C: SASB Disclosure D: GRI Index E: Sustainable Development Goals F: KPMG: Independent Limited Assurance Report G: Carbon Neutral Initiative