52 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices Our commitment to carbon neutrality GHG emissions are generated from the direct combustion of fuels (Scope 1) and from purchasing electricity from independent suppliers (Scope 2) and from activities not owned or controlled by the reporting organization but which the organization indirectly affects through its value chain (Scope 3). In this report, we segment Scope 3 emissions into those arising from our direct corporate operations and those of our Operators (our Scope 3 Investment Emissions). This method was selected because, as a passive investor, we do not have direct influence or control over our Operators’ emissions but can more meaningfully impact our own footprint. We report on our Operators’ emissions in greater detail in the “Operator GHG emissions” section. Royal Gold’s direct environmental impact is low, with 31 employees across three offices in the United States, Switzerland and Canada. We continue to subsidize and encourage employees to use public transportation for daily commuting. The transition to a hybrid office model, coupled with 14% of our Denver-based employees working exclusively from home, also reduces in office emissions broadly and those associated with commuting to work. Two- thirds of our employees are based in our Denver Headquarters, a LEED Gold certified building. COVID-19 expedited an upgrade of our information technology systems and the adoption of new technology that has allowed us to increase virtual meetings, reducing the need for employee business travel. The tables on the right detail our energy consumption and corporate Scope 2 emissions, which primarily consist of emissions related to the energy consumed in our corporate offices. We have also reported our corporate Scope 3 emissions, which include employee travel and employee commuting. We have no corporate Scope 1 emissions . ROYAL GOLD COR POR ATE SCOPE 2 GHG EMISSIONS 1 2022 (tCO 2 e) 2021 (tCO 2 e) 2020 (tCO 2 e) 80.2 84.3 90.9 87.0 87.1 93.5 1.8 1.7 1.7 5.0 1.1 0.9 Denver, Colorado Toronto, Ontario Lucerne, Switzerland ROYAL GOLD COR POR ATE SCOPE 3 GHG EMISSIONS 2 2022 (tCO 2 e) 2021 (tCO 2 e) 2020 (tCO 2 e) 61.5 33.6 286.2 68.3 43.6 312.3 6.8 10.0 26.1 Employee business travel Employee commuting TOTAL SCOPE 2 AND 3 GHG EMISSIONS 2022 (tCO 2 e) 2021 (tCO 2 e) 2020 (tCO 2 e) 155.3 130.7 405.7 ROYAL GOLD COR POR ATE ENERGY CONSUMP TION Estimated indirect grid electricity purchased (market-based) 2022 (MWh) 2021 (MWh) 2020 (MWh) 137.9 145.0 156.3 247.1 250.2 257.9 104.2 99.8 96.8 5.0 5.4 4.8 Denver, Colorado Toronto, Ontario Lucerne, Switzerland Vancouver, British Columbia 1 1 Our direct corporate Scope 2 GHG emissions are calculated internally and include our Denver, Toronto and Lucerne offices, which cover about 97% of our Company (30/31 employees in 2022). Our Vancouver office, which consists of a single office let in a third-party space, is omitted from the totals as associated energy consumption data are not readily available. Royal Gold uses emissions factors from the Greenhouse Gas Protocol’s GHG Emissions Calculations Tool to determine direct Scope 2 emissions. 2 Our direct Scope 3 GHG emission calculations include employee business travel; these are provided by a third party, Egencia. Our employee commuting emissions are calculated internally. Egencia uses emissions factors from the United Kingdom’s Department for Environment, Food and Rural Affairs. Our Scope 3 GHG emissions cover 100% of all Royal Gold employees. Denver, Colorado Toronto, Ontario Lucerne, Switzerland Denver, Colorado Toronto, Ontario Lucerne, Switzerland Employee business travel Employee commuting