Report Highlights

Franco-Nevada supports SDGs, ranks high in ESG, maintains carbon neutrality, boosts community impact, tracks emissions, and promotes diversity and wellness

Franco-Nevada Corporation 2 INITIATIVES ALIGNED WITH UN SUSTAINABLE DEVELOPMENT GOALS Initiatives across our business help advance a number of the Sustainable Development Goals, which were adopted by the United Nations in 2015 as a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people enjoy peace and prosperity. Read more à (page 43) CONTINUED HIGH RANKINGS AND RECOGNITION FROM ESG RATING AGENCIES We continue to receive recognition for our ESG efforts and rank highly with top ESG rating agencies. Franco-Nevada is the #1 ranked gold company by Sustainalytics, is rated “AA” by MSCI and “Prime” by ISS ESG, and was named one of Corporate Knights’ Best 50 Corporate Citizens in Canada in 2024. Read more à (page 46) FINANCED EMISSIONS INCLUDED IN OUR SCOPE 3 EMISSIONS Since 2022, we have measured and disclosed financed GHG emissions attributable to our royalty and stream interests, included as Scope 3, Category 15 (Investments) emissions. Additionally, we provide a high-level guide to understanding the Greenhouse Gas Protocol standards, detailing the components that comprise Scope 1, 2 and 3 emissions. Read more à (page 40) MAINTAINED CARBON NEUTRALITY FOR CORPORATE EMISSIONS Since 2020, we have maintained carbon neutrality for our corporate operations. We have accomplished through the purchase of high quality carbon credits to offset emissions that cannot be eliminated. Read more à (page 39) ALIGNMENT OF ESG REPORTING WITH SASB, GRI AND NEW ISSB DISCLOSURE STANDARDS Our ESG disclosure is aligned with leading reporting standards and frameworks, including the Sustainability Accounting Standards Board and Global Reporting Initiative standards and our transition to disclosure aligned with the International Sustainability Standards Board’s new Sustainability Disclosure Standards. Read more à (page 42) Report Highlights DUE DILIGENCE TO INVEST IN STRONG ESG PERFORMERS Our key ESG-related areas of focus when making investments are detailed in this Sustainability Report. These include health and safety, carbon footprint, water management and risk, tailings management, and biodiversity. We have also evaluated the performance of the operators of our top revenue-generating mining assets in each of these five areas. Read more à (page 5) INCREASED COMMUNITY CONTRIBUTIONS AND COMMITMENTS Our community contributions continue to grow year- over-year, including renewed funding for initiatives in Peru, Brazil and Senegal, as well as contributions to new initiatives in the United States and Canada. We remain committed to supporting mining industry groups and diversity initiatives. Read more à (page 18) PRIORITIZING EMPLOYEE WELL-BEING AND DEVELOPMENT We have highlighted the efforts made by our organization to promote the physical and mental well-being and development of our employees. These include maintaining hybrid work arrangements, providing health benefits and wellness allowances, establishing a new employee wellness room, and offering opportunities for professional development and education. Read more à (page 30) IMPROVED EMPLOYEE BENEFITS This year marks our first year implementing a pension plan for all Canadian employees, underscoring the importance we place on saving for retirement and our commitment to helping our employees secure their financial future. Read more à (page 30) CONTINUING TO BUILD ON OUR DIVERSE REPRESENTATION AND DIVERSITY INITIATIVES In furtherance of our goal of attaining and thereafter maintaining diversity at the Board level on grounds broader than gender diversity, we welcomed a new diverse director, Daniel Malchuk, to our Board. Now in its fourth year, our Franco-Nevada Diversity Scholarship program continues to grow, with four students receiving scholarships in 2024, increasing the total number of active scholarships to twelve. Read more à (page 27) MEASURING AGAINST EMISSION REDUCTION TARGETS Last year we adopted emission reduction targets for our corporate emissions in line with our goal to achieve net-zero emissions in our corporate operations by 2050 or sooner. This year marks our first year measuring against these targets. We continue to advance the implementation of measures and programs to reduce our carbon footprint in furtherance of our emission reduction targets. Read more à (page 34) Commerce Court West, Toronto Message from our CEO 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 Report Highlights