ISSB, SASB, and GRI Our Sustainability Report leverages reporting standards and frameworks such as the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards, the Sustainable Accounting Standards Board (SASB), and the Global Reporting Initiative (GRI). International Sustainability Standards Board (ISSB) Sustainability Accounting Standards Board (SASB) Global Reporting Initiative (GRI) The ISSB, established by the IFRS Foundation Trustees, seeks to deliver a globally consistent baseline of sustainability - related financial disclosure standards designed to meet the information needs of investors and other capital market participants in assessing companies’ sustainability - related risks and opportunities. IFRS S1 General Requirements for Disclosure of Sustainability - related Financial Information and IFRS S2 Climate - related Disclosures represent the ISSB’s first Sustainability Disclosure Standards. These standards build on and consolidate existing frameworks, including the SASB Standards (industry - based metrics) and the Task Force on Climate - related Financial Disclosures (TCFD) framework, to support decision - useful, comparable and globally aligned sustainability reporting. Using the Sustainable Industry Classification System ® (SICS ® ), which was created by SASB to group like companies based on their sustainability-related risks and opportunities, SASB has established industry-specific standards for the recognition and disclosure of financially material environmental, social and governance impacts, which are geared towards investors and capital providers. The standards are designed to generate standardized and comparable data that is useful for investors and typically quantitative. GRI is an international independent standards organization with the world’s most widely adopted sustainability standards, which helps companies identify, gather and report this information in a clear and comparable manner. The standards cover relevant topics across the economic, environmental and social dimensions. Organizations select from among these to report on their significant impacts, which can either be implemented into a standalone report or can be indexed. Over the past several years, Franco - Nevada has delivered climate - related disclosures aligned with the recommendations of the (TCFD). As part of our commitment to continuously enhance the quality and consistency of our sustainability reporting, and following Canada’s voluntary adoption of the IFRS Sustainability Disclosure Standards, we have begun transitioning our climate - related disclosures toward alignment with IFRS S2 (Climate - related Disclosures). In this year’s Sustainability Report, particular emphasis has been placed on updating and enhancing our climate-related disclosures in alignment with IFRS S2, building on the foundations established through our prior TCFD - aligned reporting. Accordingly, Appendix B presents our climate - related disclosures in the context of IFRS S2, reflecting our current state of alignment and transition progress. While many elements of the standard are addressed, additional work will be required over time to achieve full alignment with both IFRS S1 and IFRS S2, and we expect to continue advancing our disclosures in future reporting periods. This marks our company’s sixth consecutive year of disclosure aligned with the SASB framework, which disclosure is included in Appendix C . This is our company’s fourth consecutive year aligning with the GRI standards. Appendix D includes an index, which maps our disclosure, including in our Sustainability Report, to the GRI standards. Franco-Nevada Corporation 45