Message FNV: TSX | NYSE from our CEO RETURN TO Table of Contents TABLE OF CONTENTS ESG Ratings Franco-Nevada 1. Message from our CEO................................................3 9. Employees..................................................................48 Impact of the COVID-19 Pandemic ..........................................................49 2. ESG Ratings..................................................................6 Labour, Health and Safety.......................................................................50 3. Franco-Nevada .............................................................7 Security ...................................................................................................51 Making Responsible Human Rights & Diversity ........................................................................52 • Human Rights ..................................................................................52 Investments • Diversity & Inclusion ........................................................................53 4. Making Responsible Investments.................................8 Due Diligence Process ...............................................................................9 • Non-Discrimination, Anti-Harassment and Equal Opportunity ...........57 Guiding Principles ESG-Related Due Diligence .....................................................................10 10. Governance ................................................................58 Ongoing Asset Management ....................................................................11 5. Guiding Principles ......................................................12 Responsible Supply Chain .......................................................................59 Information Security ................................................................................60 Operators Responsible Gold Mining Principles .........................................................13 Governance & Integrity............................................................................61 UN Global Compact ................................................................................16 • Engagement with Shareholders ........................................................64 • Alignment: Directors & Shareholders ...............................................65 6. Operators...................................................................17 • Alignment: Management & Shareholders .........................................66 Approach to • Code of Business Conduct and Ethics ..............................................67 Climate Change • Business Integrity Policy...................................................................68 7. Approach to Climate Change .....................................29 Carbon Neutral for Operations .................................................................30 • Whistleblower Policies ......................................................................68 • Policy Concerning Confidentiality, Fair Disclosure Global Carbon Footprint ..........................................................................31 Contributions TCFD Disclosure.......................................................................................34 and Trading in Securities ..................................................................69 Resilience of our Portfolio ........................................................................35 11. About This ESG Report ..............................................70 Climate Opportunities..............................................................................36 Employees 8. Contributions .............................................................41 12. Appendices ................................................................71 Enseña Peru ............................................................................................42 A: ESG Performance Table .......................................................................72 Other Contributions and Initiatives ...........................................................43 B: Operators’ Emissions ..........................................................................76 Governance Individual Philanthropic Contributions......................................................47 C: TCFD Disclosure .................................................................................80 D: SASB Disclosure ...............................................................................104 E: UN Global Compact: Communication on Progress .............................114 F: KPMG: Independent Limited Assurance Report ..................................118 About this G: Carbon Neutral Initiative ...................................................................119 ESG Report Appendices 2