About Royal Gold Governance Our People Our Operators and Communities ESG Stewardship Appendices 54 2023 INVESTMENT STEWARDSHIP REPORT ROYAL GOLD 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 relationships we have with the Operators of our stream and royalty interests. In This Section Climate change Operator ESG performance Legal matters Golden Star Oil Palm Project, Ghana, West Africa (Royal Gold-supported community program)