Better Health for All

Royal Gold, Inc. is a precious metals stream and royalty company that does not operate mines, process ore, or offer health-related products or services.

Its principal goods are precious metals, which have no direct health impact. Therefore, KPIs related to the health effects of products, harmful revenue, safety records, price accessibility, vulnerable reach, risk transparency, health innovation, externalities, equity programs, workforce support, preventative measures, data responsibility, mental health, pharma patents, nutrition, health education, addiction mitigation, and clinical trial ethics are not applicable to its core business model. While the company contributes to health-focused organizations like Project C.U.R.E. and the Toteng Medical Clinic, and supported medical supply distribution during the COVID-19 pandemic and earthquake relief, these are philanthropic activities and do not directly relate to the health impact of its own products, services, or business operations as defined by the rubric's KPIs.

Fair Pay & Worker Respect

Royal Gold, Inc. reported a CEO median pay ratio of 8.3 to 1 for 2024.

The company's direct employees are not subject to a labor contract or collective bargaining agreement. For its direct workforce, Royal Gold reported 0 recordable health and safety incidents from 2020-2024. The annualized employee turnover rate was 3.4% as of December 31, 2022, and 7% in 2024. There were no whistleblower complaints from 2019 to 2024, and no labor law or human rights violations were mentioned. The company provides competitive medical and other insurance coverage for all employees and eligible dependents, and offers retirement plans for all employees with employer contributions.

Honest & Fair Business

Royal Gold has a formal whistleblower policy, revised in November 2023, which applies to all employees, officers, directors, subsidiaries, and other stakeholders.

It includes a secure, anonymous hotline and explicitly prohibits retaliation against individuals reporting in good faith. The Audit and Finance Committee is responsible for determining the validity of complaints and appropriate corrective action. The company reported zero whistleblower complaints between 2019 and 2024. The company has not flagged any financial statement error corrections, indicating zero restatements. The board of directors has 86% independent members, excluding the CEO, with all members of the Audit and Finance Committee and Compensation, Nominating and Governance Committee also being independent. A comprehensive anti-corruption policy is in place, prohibiting bribery of government officials and private sector individuals, requiring advance approval for facilitating payments and payments to state-owned businesses, and mandating accurate recordkeeping. Due diligence is performed on third-party contractors, and agreements include anti-corruption language. The company obtained third-party verification for 100% of its scope 2 and 3 corporate emissions from 2020 to 2023.

Kind to Animals

No relevant data was found in the provided articles to assess Royal Gold, Inc. against the 'Kind to Animals' ethical value. All article links resulted in 404 errors, indicating content unavailability.

Therefore, no KPIs can be scored.

No War, No Weapons

Royal Gold, Inc. adheres to the LBMA's Responsible Sourcing Programme, which addresses money laundering, terrorist financing, and human rights abuses in precious metals markets.

The company also implements the Conflict-Free Gold Standard. However, the percentage of the supply chain certified conflict-free is not specified. The company undertakes risk-based human rights due diligence in conflict-affected and high-risk areas, with annual reviews. Its Sustainability Policy, approved in August 2024, adopts and implements policies based on the UN Guiding Principles on Business and Human Rights. Operators generating 98% of Royal Gold's 2024 revenue have human rights policies or statements referring to an international standard, and 89% have child labor policies. The company acknowledges operating in or sourcing from conflict-affected or high-risk areas, but the percentage of procurement from these areas is not specified.

Planet-Friendly Business

Royal Gold's headquarters, one of its four offices, moved to a LEED Gold certified building in January 2020.

The company has reported no fines or penalties related to environmental or ecological issues in the past four fiscal years. Royal Gold has been reporting in alignment with the TCFD framework for three consecutive years (2021-2023), and 85% of its 2023 revenue is associated with Operators that have disclosures in line with the TCFD.

Respect for Cultures & Communities

Royal Gold, Inc. contributed to 31 organizations globally in 2024, indicating over 20 formal partnerships.

The company reported no cultural appropriation incidents. Impact assessments that include cultural elements are conducted and periodically updated. Grievance mechanisms are available at four principal properties (Andacollo, Cortez, Mount Milligan, and Pueblo Viejo). The company seeks free, prior, and informed consent (FPIC) where significant adverse impacts may occur, but no participation rate is provided. Cultural heritage is sought to be preserved from adverse impacts, and specific protected areas like Aniana Vargas National Park and Quisco Coquimbano are identified as biodiversity offset sites or designated protected areas. The company seeks to obtain and sustain broad-based support from affected communities, but a specific percentage of operations with a documented social license is not provided. The company mentions one Indigenous-owned environmental services company, Chu Cho Environmental LLP, but does not provide a total count of indigenous or minority-owned suppliers.

Safe & Smart Tech

Royal Gold, Inc. has no documented incidents of unauthorized data use.

The company's privacy policy outlines user rights to access, rectify, erase, restrict, object, and transfer data. Royal Gold states compliance with applicable data privacy laws and US Mining Regulations, Clean Water Act, Clean Air Act, MSHA Regulations, and Federal Land Policy Management Act, maintaining 100% compliance with environmental regulations in operational regions with zero significant environmental violations reported in 2023.

Zero Waste & Sustainable Products

Royal Gold eliminated single-use plastic water bottles across all its offices in 2020.

The company has not been subject to any fines or penalties related to environmental or ecological issues over the past four fiscal years. Royal Gold's Denver headquarters moved to a LEED Gold certified building in January 2020. The company supports 'We Don't Waste,' an organization that recovers unused food. Royal Gold endorses the International Council on Mining and Metals’ Mining Principles and the World Gold Council’s Responsible Gold Mining Principles, which include performance expectations for managing releases and waste, and identifying and managing risks related to hazardous materials. Royal Gold's Sustainability Policy, approved in August 2024, states a commitment to reducing emissions and waste. The company's Investment Committee conducts due diligence for new investments, including a review of environmental factors, GHG emissions, tailings storage, waste rock management, and closure plans. Royal Gold requires precious metals delivered to them to meet LBMA’s “Good Delivery” standards, including adherence to LBMA’s “Responsible Sourcing Programme.” Waste audits are performed annually for producing properties.