GRI Standard Location Material Topics (GRI 3) 3-1 Process to determine material topics For the purpose of reporting in accordance with the GRI Standards, Franco - Nevada identifies and assesses its material topics through a process that considers the nature of its business model, portfolio composition, risk profile and stakeholder expectations. Topics are evaluated based on their potential significance to Franco - Nevada’s business, strategy and long - term prospects, including the degree of associated risk and the relevance of the topic to the company’s sustainability - related priorities. The assessment is informed by internal management review, ongoing engagement with investors and other stakeholders, and consideration of regulatory developments, industry practices and external frameworks. Material topics are classified into levels reflecting their relative importance, which guides the depth and extent of disclosure provided in this Sustainability Report. Franco - Nevada reviews its material topics annually and updates them as appropriate to reflect changes in its portfolio, operating environment and stakeholder expectations. Indirect economic impacts GRI 203: Indirect Economic Impacts 2016 203-2 Significant indirect economic impacts • Community Contributions • Climate Action Priorities Anti-corruption GRI 205: Anti-corruption 2016 205-3 Confirmed incidents of corruption and actions taken • Appendix A: Key Sustainability Metrics and Performance Energy GRI 302: Energy 2016 302-1 Energy consumption within the organization • Overall Carbon Footprint • Corporate Footprint • Appendix A: Key Sustainability Metrics and Performance 302-2 Energy consumption outside of the organization • Overall Carbon Footprint • Corporate Footprint • Appendix A: Key Sustainability Metrics and Performance 302-3 Energy intensity • Overall Carbon Footprint • Investment Footprint 302-4 Reduction of energy consumption • Climate Action Priorities GRI Standard Location Emissions GRI 305: Emissions 2016 305-1 Direct (Scope 1) GHG emissions • Overall Carbon Footprint • Corporate Footprint 305-2 Energy indirect (Scope 2) GHG emissions • Overall Carbon Footprint • Corporate Footprint 305-3 Other indirect (Scope 3) GHG emissions • Overall Carbon Footprint • Corporate Footprint • Investment Footprint 305-4 GHG emissions intensity • Overall Carbon Footprint • Corporate Footprint • Investment Footprint 305-5 Reduction of GHG emissions • Overall Carbon Footprint • Corporate Footprint • Climate Action Priorities Employment GRI 401: Employment 2016 401-1 New employee hires and employee turnover • Employee Benefits and Well-Being • Appendix A: Key Sustainability Metrics and Performance 401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees • Employee Benefits and Well-Being • Appendix A: Key Sustainability Metrics and Performance 401-3 Parental leave • Employee Benefits and Well-Being • Appendix A: Key Sustainability Metrics and Performance Franco-Nevada Corporation 75