Royal Gold, Inc. 2021 ESG Report 43 Governance Strategy Risk Management Metrics and Targets Disclose the organization’s governance around climate related risks and opportunities Disclose the actual and potential impacts of climate-related risks and opportunities on the organizations investment portfolio, strategy and financial planning where such information is material Disclose how the organization identifies, assesses and manages climate-related risks Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material 2021 Achievements Established ESG Board responsibilities Established specific ESG related compensation objectives Obtained GHG emission intensity and water use intensity data for our portfolio assets from third- party sources Retained third party to support our climate scenario analysis in support of our path to TCFD disclosure Obtained independent feedback on what our investors expect with respect to climate change assessment Assessed Scope 2 and 3 emissions associated with our offices and obtained carbon offsets (Royal Gold has no Scope 1 emissions) Assessed energy use intensity, Scope 1 and Scope 2 GHG emissions, and GHG emission intensity for our streaming and royalty interests and benchmarked results 2022 Plans Issue the Company’s inaugural ESG Report Continue capacity building of ESG expertise in all levels of the company Undertake qualitative climate related scenario analysis that looks at material investments in our portfolio Provide disclosure of the findings from the climate related scenario analysis Continue to enhance our established risk management process with output from climate scenario analysis Assess the potential to set emission intensity targets for our royalty and stream interests Assess including Scope 3 emissions estimates generated by our stream and royalty interests