FNV: TSX | NYSE 119 APPENDIX G Carbon Neutral Initiative Carbon Neutral for Global Operations (2021) Type of Carbon Offset Purchased from Supplier Emissions Eliminated Carbon Offset Supplier Gold Standard-Certified Offsets (50%) CSA Standard-Certified Offsets (50%) All emissions* for our global operations** Less Emissions • A Bullfrog Power company • Canadian (Toronto-based) supplier of independently audited high quality carbon offsets • Previously ranked as the highest quality offset provider by the David Suzuki Foundation and the Pembina Institute Gold Standard-certified emission reductions (CERs): A global standard for projects in developing countries that verifiably achieve GHG emissions reductions at the source and create positive impacts on social networks and their local economy. Follows the United Nations’ Clean Development Mechanism (CDM) protocols for CERs. CSA Standard-certified offsets: A global standard for voluntary GHG emissions reduction projects. Follows the United Nations’ CDM methodologies and enables projects located in developed countries (and therefore outside the jurisdiction of the Gold Standard CDM certification program) to meet equivalent performance standards and deliver high quality emissions reductions. * Represents all of our estimated reported global emissions in 2021, or 69.4 tCO 2 e (equal to total Scope 2 emissions of 36.0 tCO 2 e plus total Scope 3 emissions of 33.4 tCO 2 e), which are calculated subsequent to year-end. As indicated in the Global Carbon Footprint section in this ESG Report, our global operations do not have Scope 1 (direct) emissions as our offices rely on electricity and steam for energy and heating, which are included under our Scope 2 (indirect) emissions. ** As indicated in the Global Carbon Footprint section in this ESG Report, due to constraints owing to lack of information for certain leased premises in Perth, Australia (1 employee) and Colorado, United States (3 employees), our reported data for electricity and steam (each Scope 2 emissions) and water and waste (each Scope 3 emissions) relate only to our Toronto and Barbados office and covers 88.9% (32 of 36 employees) of our company. We grossed up our emissions (proportionate to our reported emissions for our Toronto and Barbados office) and purchased offsets representing 125% of our grossed up emissions to provide for a buffer to ensure that all of our company’s global operational emissions were covered, including to account for certain minimal but unquantifiable emissions which some of our employees may periodically contribute to.
2022 ESG Report | Franco-Nevada Page 118 Page 120