44 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices ESG Stewardship Understanding environmental and social risks, opportunities and impacts of the stream and royalty interests we hold is one of our key investment principles. Our disciplined and deliberate approach to ESG stewardship reflects our business model and the level of influence and the relationships we have with the Operators of our stream and royalty interests. Carbon neutral since 2020 1 1 Across Corporate Scope 2 and Scope 3 GHG emissions 88% of our Operators have disclosures in line with the TCFD Royal Gold is committed to understanding how both the physical impacts of climate change and the transition to a low-carbon economy might affect our business. Integrating these factors into our strategic planning to help reduce the impacts while increasing our disclosure of climate-relevant information will help our investors and other stakeholders understand our approach and the potential for climate change to impact our business.” Mark Isto, Royal Gold Executive Vice President and Chief Operating Officer since 2015 Golden Star Oil Palm Project, Ghana, West Africa (Royal Gold-supported community program)