Franco-Nevada Corporation 35 Corporate and Financed Emissions Franco-Nevada’s carbon footprint is comprised of emissions relating to our corporate offices as well as financed emissions, which are estimated emissions based upon production attributable to our royalty and stream interests and equity and debt investments, as applicable (referred to as “Financed Emissions”). Since 2020, our corporate operations have been carbon neutral. We have accomplished this, and will continue to do so, through initiatives to reduce our corporate GHG emissions and through the purchase of high quality carbon credits to offset emissions that cannot be eliminated. While it is important for us to be operationally carbon neutral, we acknowledge that our own total operational emissions are minimal relative to the operations in which we invest and much of our ability to have a positive impact on the climate relates to our engagement with and support of our current operators and to our future capital allocation strategy. 58.4 -73.0 206.5 -258.1 22.7 -28.4 7.7 -9.6 458,827 156,901 615,728 -280,000 -180,000 -80,000 20,000 120,000 220,000 320,000 420,000 520,000 620,000 720,000 -100 100 200 -200 -300 300 400 500 Gross emissions Offsets Gross emissions (tCO2e) (tCO2e) Legend Emissions from corporate operations Financed Emissions from energy interests Purchased carbon offsets Financed Emissions from mining interests Overall Carbon Footprint Corporate Emissions and Financed Emissions depicted below and adjacent are not to scale, with total Financed Emissions being approximately 2,000 times Corporate Emissions Scope 3 Investments (see page 40) Scope 3 Waste and Wastewater (see page 39) Scope 3 Purchased Goods and Services (see page 39) Scope 2 Electricity and Steam (see page 38) Scope 3 Business Travel and Employee Commuting (see page 39) Purchased carbon offsets for 125% of our Corporate Emissions (see page 39) Corporate Emissions (2024) Financed Emissions (2023) Message from our CEO Report Highlights About Franco-Nevada Responsible Capital Allocation Community Contributions Good Governance and Shareholder Alignment Diversity, Inclusion and Well-Being Transparency and Guiding Principles About this Sustainability Report Appendices Climate Action Goals Corporate Footprint Investment Footprint Climate Action Overall Carbon Footprint