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Environmental, Social & Governance

Our Environmental, Social and Governance (ESG) Commitment

At Bridgewater, we are committed to establishing and advancing impactful initiatives that support our corporate responsibility as one of the largest locally-led banks in the Twin Cities, while regularly sharing our progress with our stakeholders.

“After formally launching our ESG program in 2021, Bridgewater is focused on making incremental progress on our ESG Priorities going forward. Our progress over the past year included formalizing a Human Rights Policy and DE&I Policy, eliminating our classified board structure to better align with corporate governance best practices, and earning ENERGY STAR® certification for our corporate center for the second consecutive year. With board oversight and integration into our business more broadly, we are well-positioned to do our part to make a positive impact both within our organization and across our communities.”

Jerry Baack, Chairman, CEO and President

Our ESG Priorities

Team Members, Clients & Communities

Leverage our unconventional corporate culture to leave a positive lasting impact on our team members, clients and communities.
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Diversity, Equity & Inclusion

Create a diverse, equitable and inclusive work environment and community.
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Corporate Governance

Ensure strong corporate governance oversight, including an effective risk management framework to support a growing organization.
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Environmental Impact

Contribute to a healthier natural environment in the communities in which we live and work.
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ESG Oversight

In October 2021, the Bridgewater Bancshares Board of Directors changed the name of the “Nominating and Corporate Governance Committee” to “Nominating and ESG Committee” to emphasize its commitment to and oversight of ESG. The committee's responsibilities have expanded to take on the role of overseeing Bridgewater’s strategy and practices related to environmental, social and governance issues. The charter for the Nominating and ESG Committee can be found here.

In addition to board-level oversight, a management-level ESG Committee was formed in 2021 with the role of developing, implementing and growing a formal ESG program at Bridgewater. This cross-functional committee regularly conducts peer gap analyses and engages with stakeholders to help identify the aspects of ESG with the most impact on our business and assist the Nominating and ESG Committee of the Board in developing a formal ESG strategy. The ESG Committee is focused on emphasizing current ESG initiatives at Bridgewater, implementing future ESG initiatives, and monitoring and communicating progress on ESG to stakeholders.

Recent ESG News

— January 29, 2024

Joe Chybowski named a ‘40 Under 40’ honoree by Minneapolis/St. Paul Business Journal

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— November 19, 2023

Best Banks to Work For 2023

American Banker

— September 26, 2023

Bridgewater Bancshares, Inc. Named to Piper Sandler Sm-All Stars Class of 2023

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— September 26, 2023

Bridgewater’s Shaundra Lex Recognized by Finance & Commerce as “Top Women in Finance”

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— September 13, 2023

Bridgewater Corporate Center Earns Second Consecutive ENERGY STAR Certification

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— July 6, 2023

Fastest-growing Public Companies in Minnesota

Minneapolis St. Paul Business Journal

— June 14, 2023

2023 Best of Business

Twin Cities Business

— June 13, 2023

Is your employer on the 2023 list of Minnesota's Top Workplaces?

Star Tribune

— June 8, 2023

2023’s Finance & Commerce Reader Rankings Final Winners

Finance & Commerce

— April 3, 2023

Bridgewater Bank Receives Esteemed ‘Outstanding’ FDIC Rating for Community Reinvestment Act Performance

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— February 8, 2023

Bridgewater Corporate Center earns ENERGY STAR certification, outperforming similar U.S. buildings on measure of energy efficiency

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— November 15, 2022

Best Banks to Work For 2022

American Banker

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