Message FNV: TSX | NYSE from our CEO APPENDIX GCarbon Neutral Initiative ESG Ratings Franco-Nevada Carbon Neutral for Global Operations (2021) Type of Carbon Offset Purchased from Supplier Emissions Eliminated Carbon Offset Supplier Gold Standard-Certified CSA Standard-Certified Making Responsible Offsets (50%) Offsets (50%) Investments All emissions* for our global Less Emissions Gold Standard-certified emission CSA Standard-certified offsets: operations** reductions (CERs): A global standard A global standard for voluntary Guiding Principles • A Bullfrog Power company for projects in developing countries GHG emissions reduction projects. • Canadian (Toronto-based) supplier that verifiably achieve GHG emissions Follows the United Nations’ CDM of independently audited high reductions at the source and create methodologies and enables projects quality carbon offsets positive impacts on social networks located in developed countries (and Operators • Previously ranked as the highest and their local economy. Follows the therefore outside the jurisdiction of quality offset provider by the United Nations’ Clean Development the Gold Standard CDM certification David Suzuki Foundation and Mechanism (CDM) protocols for CERs. program) to meet equivalent Approach to the Pembina Institute performance standards and deliver Climate Change high quality emissions reductions. Contributions Employees Governance * Represents all of our estimated reported global emissions in 2021, or 69.4 tCO e (equal to total Scope 2 emissions of 36.0 tCO e plus total Scope 3 emissions of 33.4 tCO e), which are calculated subsequent to year-end. As indicated in the 2 2 2 About this 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 ESG Report 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. Appendices 119