29 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices ESG Committee The Royal Gold ESG Committee is responsible for ensuring that Royal Gold’s sustainability and ESG initiatives are effectively monitored, managed and fulfilled and that issues are reported to the CNG Committee as appropriate. The ESG Committee’s specific responsibilities, set out in its charter, include the following: – Review all ESG-related policies annually for compliance and relevance and make recommendations on updates to the CEO for review and approval by the CNG Committee – Recommend ESG strategy, including ESG priorities, objectives, and initiatives to the CEO for approval. This includes but is not limited to ESG-related training, target setting and achievement, due diligence approach, ESG surveys and ratings, internal and external ESG reports, ESG-related communication, ESG standards review, and evaluating emerging ESG-related risks and opportunities for alignment with Royal Gold’s ERM program – Review Operator ESG performance and, together with the legal department, Operator compliance with ESG-related contractual standards – Review Operator charitable/social initiatives and review opportunities for Royal Gold participation – Review significant ESG events which could present material reputational and/or financial risk to Royal Gold and/or its Operators The ESG Committee is a cross-functional management committee and consists of members of Royal Gold senior management with ESG-related expertise in the following areas: ESG, Operations, Compliance, Finance, Investor Relations, and Legal and is led by the Vice President, Investment Stewardship. Senior management team The review of all new investment opportunities is the responsibility of Royal Gold’s senior management and is led by our CEO. These individuals bring extensive experience in the technical, financial and legal aspects of mining project investment, development and operations, and may be supported by external experts in subject matter areas including, but not limited to, the following: permitting, geology, resource estimation, construction, mining operations, geotechnical, metallurgy, ore processing, water, tailings management, community and Indigenous engagement, biodiversity, political risk and offtake marketing and sales. Our process for considering ESG issues in corporate strategic planning and risk management is summarized in the figure below. ENTERPRISE RISK MANAGEMENT Executive Management Team and select members of senior management Considers present and potential risks to Royal Gold’s ongoing success, including ESG and climate change considerations, and determines appropriate risk mitigation actions and strategies CORPORATE STRATEGIC PLANNING Executive Management Team and select members of management Comprehensive Strategic Plan, including ESG and climate change objectives, with annual short-term and long-term goals ESG COMMITTEE Executive Management Team and select members of management Ensures that Royal Gold’s sustainability and ESG intiatives are effectively monitored, managed and fulfilled. BOARD OF DIRECTORS Provides direction and approvals/ rejections as required Report quarterly and as otherwise appropriate to the CNG Committee Strategic Plan presented annually Report quarterly and as otherwise appropriate Oversight and direction provided as required; ERM program reviewed annually RISKS AND OPPORTUNITIES