Corporate Scope 3 GHG Emissions Our corporate Scope 3 GHG emissions consist of estimated emissions associated with activities that support our corporate operations but fall outside our direct operational control. These historically have included emissions related to employee commuting, business travel, purchased goods and services (such as office supplies, electronic equipment and other office - related services), and waste and wastewater. Scope 3 emissions are calculated in accordance with the Greenhouse Gas Protocol Corporate Value Chain (Scope 3) Standard, using available activity data and relevant emissions factors. In the current reporting year, the installation of on - site solar generation at our Barbados office also resulted in a one - time increase in Scope 3, Category 2 (Capital Goods) emissions associated with the manufacture and installation of the equipment, which has been accounted for in our total Scope 3 emissions for the year. Employee Commuting - Car Business Travel - Air Other Purchased Goods and Services Electronics Business Travel and Employee Commuting Purchased Goods and Services Waste and Wastewater Capital Goods Wastewater Waste Solar Panel Project 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 200.0 220.0 240.0 260.0 280.0 2025 2024 2023 2025 2024 2023 2025 2024 2023 2025 2024 2023 2025 2024 2023 Business Travel 1 and Employee Commuting Purchased Goods and Services Waste and Wastewater 2 Capital Goods 3 Total Corporate Scope 3 Emissions 18.4 174.5 192.9 2.1 5.2 38.4 41.5 118.8 41.0 192.9 7.3 206.5 26.3 41.5 41.0 22.7 18.2 100.6 118.8 17.6 188.9 206.5 2.0 24.3 26.3 11.3 11.4 22.7 1.0 4.6 2.0 5.7 5.6 7.7 5.6 7.7 3.1 7.3 150.7 282.7 236.9 Corporate Scope 3 Emissions (tCO 2 e) 1 To improve the accuracy of our emissions disclosure, commencing in 2024, Scope 3 emissions relating to (1) Business Travel were derived from the International Civil Aviation Organization’s Carbon Emissions Calculator using detailed flight and other data, and (2) Employee Commuting were derived from the Thrust Carbon calculator using detailed data provided by our employees. 2 Historically, Scope 3 emissions attributable to waste and wastewater (Scope 3, Category 5) were disclosed on a partial basis due to data limitations at certain office locations. Beginning in 2024, these emissions have been reported on a grossed - up basis, reflecting full coverage across our corporate operations. 3 These emissions were estimated using a spend - based methodology consistent with the GHG Protocol Corporate Value Chain (Scope 3) Standard, applying an emissions factor of 0.45 kg CO 2 e per US dollar to the total capitalized project cost. The resulting embodied emissions associated with the manufacture and installation of the photovoltaic system were recognized in Scope 3, Category 2 (Capital Goods) in the year of acquisition and are not amortized or otherwise allocated over the operating life of the asset. For the year, the estimated emissions associated with this installation were approximately 41 tCO 2 e. As capital goods purchases of this nature are not typical of our business model, no further Category 2 emissions of this type are anticipated, and Category 2 is not expected to be a recurring or material source of Scope 3 emissions in future periods. Franco-Nevada Corporation 41