Royal Gold, Inc. 2021 ESG Report 58 Royal Gold has improved its ESG Risk Rating from Sustainalytics, with a score of 10.5 (from 19.1 previously). This score reflects Royal Gold’s strong performance in the areas of corporate governance, human capital, bribery and corruption, and business ethics. We are pleased to have an ESG Risk Rating from Sustainalytics of 3rd out of 123 companies in the Precious Metals Group, with 1 being the lowest risk. In September 2021 Royal Gold was upgraded to a “AA” ESG Rating from MSCI, up from an “A” rating the prior three years. This represents the top quartile of companies graded. The upgrade highlights strong corporate governance practices, including a formal anti-corruption policy overseen at the Board level to manage corruption- related risks linked to the precious metals stream and royalty business. In 2020, Royal Gold began active participation in S&P Global’s Corporate Sustainability Assessment (CSA). Royal Gold has consistently scored well on governance and economic aspects. Areas for improvement include public reporting of environmental indicators, historical GHG emission statistics and climate strategy. Other keys areas for improvement including public reporting on social indicators and certain human rights assessments. We endeavor to continuously seek ways to improve our various ESG ratings into the future and expect that this inaugural ESG Report will provide additional disclosure that will help rating agencies and other stakeholders understand our business in more detail. Net Zero on Direct Emissions For both fiscal years 2020 and 2021 we acquired verified carbon credits to offset those carbon emissions from our corporate operations that we have not been able to eliminate, achieving Net Zero for the Scope 2 and 3 emissions from our corporate operations. We have no Scope 1 emissions. We commit to achieving net zero emissions for our corporate operations going forward and will continue to work to reduce our corporate carbon footprint and other office-related waste. Looking for Other Ways to Move ESG Forward Outside of Our Investments While we have limited influence over the mining operations where we hold stream and royalty interests, we encourage Operators to implement mining industry ESG best practices in their operations. We support and often participate in efforts to advance technology, education and the rule of law in the mining industry. Since 2020 we have joined with leading mining companies to sponsor the Colorado Cleantech Industry Association’s Mining Cleantech Challenge, an industry-judged competition to promote new clean technologies for mining projects.