Royal Gold, Inc. 2021 ESG Report 32 ESG Checklist and Assessment of Environmental Management Systems In 2019 we developed a framework to provide a comprehensive systemic evaluation of ESG considerations at a site and also to evaluate the quality of ESG management practices. This is referred to internally as our “ESG Checklist”. The ESG Checklist includes evaluation of nine thematic areas through the lens of seven evaluation criteria as presented in the figure below. The ESG Checklist consists of a list of very specific areas of interest for which information received can be logged. The ESG Checklist also allows recording of field observations, when available, to define the maturity with which the Environmental and Social Management System (ESMS) of an operation is addressing each topic. The output of the ESG Checklist provides a very detailed log of due diligence on a wide variety of considerations, as well as highlighting areas of elevated risk, and also allows a detailed recording of how ESG considerations are being managed and information from completed reviews. We view this ESG Checklist as a “living’ document and periodically update the content to reflect best ESG practices. G o v e r n a n c e W a s t e M a n a g e m e n t B i o d i v e r s i t y E n e r g y A i r W a t e r H e a l t h R i g h t s & L a b o r C o m m u n i t y H e a l t h & S a f e t y G o v e r n a n c e E n v i r o n m e n t a l S o c i a l ESG Checklist Framework Evaluation Criteria • Policy & Framework • Permits & Approvals • Compliance • Performance • Monitoring • Documentation • Field Inspection The completed ESG Checklist provides a rating mechanism that can be used to evaluate a project under consideration. A copy of the ESG Checklist Scoring Evaluation Summary, and a sample of our ESG Checklist in the thematic area of water management and risk, are provided in the following figures.