53 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices Offsetting our corporate footprint Since 2020, we have acquired verified carbon credits to offset direct corporate Scope 2 and 3 emissions that we otherwise have been unable to eliminate, thus achieving carbon neutrality in our corporate operations. We commit to achieving carbon neutrality for our corporate operations moving forward and will continue to work to reduce our carbon footprint. Historically, we have purchased verified carbon credits generated from the Manantiales Behr Wind Power Plant located in Argentina from Mercuria Energy, a global energy and commodity trader with offices worldwide. Most recently, we have purchased verified carbon credits through Anew Climate, LLC, a leading climate solutions company that offers environmentally focused products, services and investments that support decarbonization, including the sale of verified carbon credits. Our most recent carbon offsets were sourced from the Blue Ridge Escarpment Forest Management Carbon Removal Project in South Carolina, US. Protecting 6,000 acres of forest at Blue Ridge Escarpment in South Carolina This project protects over 6,000 acres of northern South Carolina forest, which is home to several endangered species. Nestled among the arrowhead plants, endangered green salamanders have refuge here as do rare wetland plants that are now only found in one additional county as a result of rapid habitat loss. The Naturaland Trust works to protect this ecologically diverse area of the Blue Ridge Mountains and Piedmont. There is no harvesting on this property, allowing the trees to sequester approximately 68,000 metric tons of CO 2 e each year. The funding made possible through the project’s carbon credits will be used for additional land acquisition and conservation costs. The property bridges critical corridors for black bears and bobcats, and provides safety for species like deer, turkey and grouse. Located within the Saluda Watershed, the property’s abundant riparian areas and mountain springs provide protected drinking water for communities downstream. Blue Ridge’s meandering streams are also home to countless aquatic species including native trout. This ecological lifeline is an equally vital hub for environmental education for all who visit it. Frequented by state and federal biologists, the area provides research grounds for Furman and Clemson Universities. Local law enforcement also uses these forests for search-and-rescue training. The area also includes a vast trail network enables visitors to enjoy the forest through hiking, biking, bird watching, rock climbing and fishing. While this project generates both removal and avoided emission offsets, this listing is for removal credits only. The registry allows us to distinguish between credit types upon retirement and so the credit will be tagged as “Verified Removals.” Improvements to forest management techniques protect and increase the productivity of existing forests. TECHNOLOGY Improved Forest Management Mechanism: Removal Project Partner: Anew Standard: American Carbon Registry Registry: 590 HIGHLIGHT S Creates local educational opportunities Improves local air quality Conserves local biodiversity and habitats SDG CONTR IBUTION Bluesource – Blue Ridge Escarpment Improved Forest Management Project. Photographer – Mac Stone