Royal Gold, Inc. 2021 ESG Report 44 Royal Gold Direct GHG Emissions Greenhouse gas emissions are generated from the direct combustion of fuels (Scope 1) and by purchase of electricity from independent suppliers (Scope 2). Scope 3 emissions are the result of activities not owned or controlled by the reporting organization but that the organization indirectly impacts in its value chain. Table 1 presents our estimates of Royal Gold’s Scope 2 and 3 GHG emissions in fiscal years 2020 and 2021 associated with our corporate activities. Scope 2 GHG Emissions Twelve Months Ended June 30, 2020 (tCO 2 (eq)) Twelve Months Ended June 30, 2021 (tCO 2 (eq)) Energy Consumption Denver, Colorado 71 80 Toronto, Ontario 3 3 Lucerne, Switzerland 1 1 Vancouver, British Columbia 0.2 0.2 Total Scope 2 GHG Emissions 75 84 Scope 3 GHG Emissions Twelve Months Ended June 30, 2020 (tCO 2 (eq)) Twelve Months Ended June 30, 2021 (tCO 2 (eq)) Employee Business Travel 54 0 Employee Commuting 29 10 Office Paper Usage 0.2 0.2 Total Scope 3 GHG Emissions 83 10 Total Scope 2 & 3 Emissions (rounded) 159 95 Estimates in this table were generated by Royal Gold and have not been independently verified 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 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 carbon footprint and other office related waste. We have purchased our carbon credits from Mercuria Energy, a global energy and commodity trader with offices worldwide. The carbon credits are generated from the Manantiales Behr Wind Power Plant located in Argentina.