37 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices ESG checklist and assessment of Environmental Management Systems Royal Gold maintains a comprehensive systemic evaluation framework of ESG considerations for a project site and the quality of ESG management practices. This is known internally as our “ESG checklist” and it includes the evaluation of nine thematic areas through the lens of seven evaluation criteria, as presented in the figure on the right. Information related to the checklist’s specific areas is received and logged, and a rating mechanism can be used to evaluate a project under consideration. The ESG checklist also allows for the recording of field observations, when available, to define the extent to which the environmental and social management system of an operation is addressing each topic as well as highlighting areas of elevated risk. We view this ESG checklist as a “living” document and periodically update the content to reflect evolving ESG practices. ESG CHECKLIST FRAMEWORK G O V E R N A N C E 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 H e a l t h & S a f e t y C o m m u n i t y H u m a n R i g h t s & L a b o r W a t e r A i r E n e r g y S O C I A L E N V I R O N M E N T A L EVALUATION CRITERIA 1 Policy & Framework 2 Permits & Approvals 3 Compliance 4 Performance 5 Monitoring 6 Documentation 7 Field Inspection Site visit – Julian Varaschin (right), Royal Gold Senior Operations Engineer since 2019, Nevada, U.S.