Table of Contents MESSAGE FROM OUR CEO 1 REPORT HIGHLIGHTS 2 ABOUT FRANCO-NEVADA 3 RESPONSIBLE CAPITAL ALLOCATION 4 Due Diligence Process 5 Ongoing Asset Management 7 Key ESG Factors 8 Health and Safety 9 Carbon Footprint 10 Water Management and Risk 12 Tailings Management 13 Biodiversity 14 Supply Chain 16 COMMUNITY CONTRIBUTIONS 17 Community Support 18 Industry and Other Support 20 GOOD GOVERNANCE AND SHAREHOLDER ALIGNMENT 21 Corporate Governance 22 Integrity and Compliance 23 Shareholder Alignment 24 Cyber and Technological Security 25 DIVERSITY, INCLUSION AND WELL-BEING 26 Diversity and Inclusion 27 Employee Benefits and Well-Being 30 Health, Safety and Security 31 Human Rights, Non-Discrimination, Anti-Harassment and Equal Opportunity 32 CLIMATE ACTION 33 Climate Action Goals 34 Overall Carbon Footprint 35 Corporate Footprint 37 Investment Footprint 40 TRANSPARENCY AND GUIDING PRINCIPLES 41 ISSB, SASB, and GRI 42 UN Global Compact and SDGs 43 Responsible Gold Mining Principles 44 ESG Ratings and Recognition 46 ABOUT THIS SUSTAINABILITY REPORT 47 APPENDICES 48 A: ESG Performance Table 49 B: ISSB Sustainability Disclosure Standards 51 C: SASB Disclosure 64 D: GRI Index 67 E: Sustainable Development Goals 71 F: KPMG: Independent Limited Assurance Report 73 G: Carbon Neutral Initiative 74 Hudson Bay Lowlands of northern Ontario near Ring of Fire