About Royal Gold Governance Our People Our Operators and Communities ESG Stewardship Appendices 114 2023 INVESTMENT STEWARDSHIP REPORT ROYAL GOLD Glossary Term/abbreviation Definition Aqueduct™ Water Risk Atlas published by the World Resources Institute CNG Committee Compensation, Nominating and Governance Committee CSA S&P Global Corporate Sustainability Assessment Direct energy The energy produced and consumed by the Operator within its operations, projects and facilities; it may include energy from fuels, sunlight, wind, water, etc. and is used to run the Operator’s equipment and vehicles, and to produce power and heat on-site DJSI World Dow Jones Sustainability™ World Index ERM Enterprise Risk Management ESG Environment, social and governance GEO Gold equivalent ounce GHG Greenhouse gas GRI Global Reporting Initiative Grid factor CO 2 emission factor (tCO 2 /MWh), which is associated with each unit of electricity provided by an electricity system IBAT Integrated Biodiversity Assessment Tool ICMC International Cyanide Management Code ICMM International Council on Mining and Metals IFC International Finance Corporation Indirect energy Indirect energy: electricity, thermal or other energy sources provided by a retail provider or facility not owned or operated by the user of the energy IUCN International Union for Conservation of Nature KBA Key Area of Biodiversity KPI Key performance indicator NGFS Network of Central Banks and Supervisors for Greening the Financial System Operators Third parties that operate mining projects of our precious metal stream and royalty interests Principal Property Properties deemed material to Royal Gold taking into account current revenue, future revenue, mine life, and typically make up at least 5% of our revenue RGMPs World Gold Council’s Responsible Gold Mining Principles SEC Securities and Exchange Commission Term/abbreviation Definition Scope 1 emissions Emissions from sources that Royal Gold owns or controls directly Scope 2 emissions Emissions that Royal Gold causes indirectly from the energy we purchase and use Scope 3 Investment Emissions Royal Gold segments Scope 3 emissions into those arising from our direct corporate activities (which we refer to as our direct Scope 3 emissions) and those of our portfolio Operators (which we refer to as our Scope 3 Investment Emissions). We have done this because, as a passive investor, we do not have direct influence or control over the Operator’s emissions, but we do manage and assert more control over our own direct footprint. Scope 3 Corporate Emissions Emissions that are not produced by Royal Gold, and not the result of activities from assets owned or controlled by us, but by those that we are indirectly responsible for, across our value chain (e.g., emissions linked to employee business travel, and employee commuting) SDGs United Nations Sustainable Development Goals TCFD Task Force on Climate-related Financial Disclosures Total energy A measure of both the Direct and Indirect energy consumed TRIFR Total Reportable Incident Frequency Rate, which includes the number of fatalities, lost-time injuries, substitute work and other injuries requiring treatment by a medical professional per million hours worked Under-represented minority An individual who self-identifies in one or more of the following groups: Black or African–American, Hispanic or Latinx, Asian, Native American or Alaska Native, Native Hawaiian or Pacific Islander, or two or more races or ethnicities (Nasdaq, 2020) Visible minority A visible minority is defined as persons who are non-Caucasian in race or non- white in color; the visible minority population consists mainly of the following groups: South Asian, Chinese, Black, Filipino, Arab, Southeast Asian, West Asian, Korean and Japanese WGC World Gold Council WRI World Resources Institute