FNV: TSX | NYSE 38 Approach to Climate Change Resilient Operators Our investments in organizations, projects and initiatives developing adaptive capacity to respond to climate change to better manage climate-related risks and seize opportunities may improve our own reputation, market valuation and resilience to the transition to a low-carbon economy. Many of the assets in our portfolio are operated by best-in-class operators. The ingenuity and technical skills of these operators, including relating to sustainable practices, processes and technologies, often provide them with a competitive advantage, reducing their costs and their operating risks and ultimately reducing their cost of capital. Mining and energy operators, including most of our key operators described above in the Operators section of this ESG Report, contributing to approximately two-thirds of our 2021 revenues have proactively set targets to reduce carbon emissions, with some committing to the long-term achievement of net-zero emissions. We continue to look for opportunities to invest in other best-in-class operators and, as a capital provider, potentially facilitate their low-carbon transitions. Below we have highlighted the resourcefulness of certain of our operators, their efforts to reduce their carbon footprints, and their commitments to combating climate change, which exemplify the types of operators and operations that we look to invest in. Continental Resources’ solar panels at West Blaine recycling facility, which Franco-Nevada is helping to finance Climate Opportunities (continued) “Mining and energy operators, including most of our key operators described above in the Operators section of this ESG Report, contributing to approximately two-thirds of our 2021 revenues have proactively set targets to reduce carbon emissions, with some committing to the long-term achievement of net-zero emissions.”