Gold Royalty Corp.

Climate Impact & Sustainability Data (2023-03-31 to 2024-03-31)

Scope 3 Emissions:0.25 tCO2e/GEO

Conducted a climate-risk assessment aligned with the recommendations of the TCFD.
Calculated material financed emissions.
Signed first sustainability-linked contribution arrangement.

Established employee volunteer program enabling our people to give back to their community through paid time off.
Donated over $20,000 to local non-profit and charitable organizations.

Established an ERM program to ensure effective oversight of corporate risks, including sustainability-related risks.
Conducted anti-corruption training to educate staff and ensure compliance with anti-corruption policy.
Refined our ESG due diligence approach, including strengthened the Company’s approach to assessing jurisdictional risk.
Approved corporate cybersecurity policy.
Increased female representation on the board to 33%.

Medium-term Goals:

Short-term Goals:

Continue to strengthen the Company’s risk management function and oversight of ESG-related risks.
Identify opportunities to support mining partners’ community investment efforts.
Expand employee training and professional development program through establishing a lunch-and-learn series on in-demand topics.

Physical Risks: Acute weather events (rainfall, storms, wildfires, floods, droughts) impacting material sites, leading to production delays, infrastructure damage, and negative impacts on personnel and communities.
Physical Risks: Chronic climate shifts (droughts, extreme heat, excessive rainfall) leading to work stoppages or delays.
Transition Risks: Stricter emissions and environmental regulations, exposure to litigation due to non-compliance, stricter climate reporting increasing operating costs, changes in consumer demand impacting commodity prices, challenges for mining partners with poor climate/ESG performance to access capital, stigmatization of the mining sector, increased stakeholder concern over carbon intensity.

Partnering with high-quality, well-capitalized operating partners to facilitate early decarbonization progress across key assets.
Focus on Gold's low emissions intensity and portfolio diversity to reduce exposure to climate-related risks.
Supporting mining partners' decarbonization efforts (investing in electrified fleets, energy efficiency, renewable electricity).

Regulatory changes
Market shifts
Increased operating costs due to stricter climate reporting
Challenges for mining partners with poor climate/ESG performance to access capital
Stigmatization of the mining sector

Gold's continued resiliency as a valued portfolio asset
Application of gold in electric vehicle batteries and solar panels
Reduced exposure to physical and transition climate-related risks due to portfolio diversity

Frameworks Used: TCFD