Governance, Risk, and Impact Report Page Two
• Stakeholder Input: Conducted discussions with MDTA department leaders and subject matter experts to obtain updated and current data on enterprise-wide practices, performance, and data availability. • Content Development: Developed GRI Report content and conducted a series of drafts and detailed reviews with MDTA department leaders and subject matter experts. • Senior Leadership Reviews: Reviewed pre-final draft with and incorporated feedback from senior leadership, including the MDTA’s Executive Director, all MDTA Chiefs, MDTA Communications, the Attorney General’s Office, and TSO. • Gap Analysis: Aggregated key learnings from the GRI Report development process to identify areas for future improvement and priorities. The 2025 GRI Report contains several updates from the 2024 report: • Moderate changes across sections, including updated data and information, new case studies, and initiative highlights. • GHG emissions reporting for the MDTA’s operational emissions (scope 1 and scope 2 emissions). • Climate impact assessment process and an overview of potential risks and opportunities related to physical climate hazards (e.g., severe storms, sea level rise, flooding) and transition climate risks and opportunities (e.g., market factors such as increasing prevalence of electronic vehicles on the road). The structure and format of the MDTA’s GRI Report is aligned to meet credit rating criteria and ensure that the MDTA’s ESG performance is correctly evaluated as part of the agency’s overall creditworthiness. The MDTA has historically received a high ESG score, which has supported the agency’s strong credit ratings. However, the MDTA should continue to advance ESG performance and reporting to ensure it meets evolving expectations. In addition to credit rating agencies and financial markets, the MDTA’s GRI Report supports the agency’s communication and engagement with a variety of internal and external stakeholders. Disclosing the MDTA’s ESG performance in a single document streamlines financial and external stakeholder’s understanding of the agency’s commitments, purpose, and impact. The GRI Report development process also helps the MDTA’s leaders and subject matter experts deepen collaboration between departments and topic areas. Across all ESG topics, financial markets are most keenly focused on climate change impacts. As such, in 2026-2027, the MDTA plans to advance the agency’s analysis and management of climate impacts and greenhouse gas emissions. In addition to climate, the MDTA will continue to enhance data aggregation across ESG topics to enhance reporting, governance, and management. ATTACHMENT
• MDTA 2025 Governance, Risk, and Impact Report Briefing • MDTA FY2025 Governance, Risk, and Impact Report
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