Royal Gold, Inc. 2021 ESG Report 57 2021 ESG Ratings and Other Progress Reporting Royal Gold’s direct environmental footprint is modest with 29 professional and administrative employees across four professional offices in the United States, Switzerland, and Canada. Still we strive to limit our impact where possible. For many years Royal Gold has subsidized and encouraged employees to use public transportation for their daily commute. In January 2020 we moved our Denver headquarters, where two-thirds of our employees are based, into a LEED Gold certified building at 1144 15th Street. Also, in 2020 we eliminated single use plastic water bottles across all of our offices. In this COVID-19 pandemic we have taken advantage of technological advancements in communication tools and transitioned many in-person meetings, site visits and audits to virtual platforms. We have upgraded our IT systems enabling a reduction in business travel and further decreased the use of paper and paper products. While we look forward to returning to in-person business when it is safe to do so, we also intend to continue to rely on these technologies to reduce the carbon intensity of our corporate operations. ESG Ratings Royal Gold is evaluated by many independent ESG rating agencies. ESG ratings are used differently by stakeholders. Sustainalytics and MSCI are two well-known and commonly-used rating agencies in the precious metal sector, and S&P Global is emerging as an increasingly important rating agency. Surveys distributed by the rating agencies are often very detailed and require significant resources to complete. Royal Gold has focused our efforts to provide detailed responses from surveys given the relatively high importance our shareholders and potential investors place on the ratings from these agencies. While ESG has always been a core part of Royal Gold’s business model, since 2020 we have increased our disclosure and transparency into the elements of ESG within the business, which is reflected in Royal Gold’s improved ESG ratings. Our 2021 ratings from these independent third parties is shown on this page. Commentary regarding each of these rankings follows. 10.5 ESG Risk Rating Low Risk (10-20) AA ESG Rating 1 ISS QualityScore 22 Sustainability Score