Climate Change Data

Dime Community Bancshares, Inc.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Social Commitment (Employees & Communities)
  • Environmental Awareness
  • Governance

Environmental Achievements

  • Reduced branch footprint by over 18,000 square feet
  • Upgraded office space lighting fixtures to LED
  • Implemented hybrid work schedule for corporate employees reducing emissions
  • Extended over $100 million of credit to businesses in the solar energy, environmental research, and environmental control/engineering sectors
  • Purchased $13 million of bonds financing green assets

Social Achievements

  • Invested over $180 million in community development projects and grants since 2020
  • Achieved an “Outstanding” CRA rating in early 2022
  • 107 employee promotions in 2022
  • 33 employee transfers in 2022
  • Launched a wellness program titled “Healthier Together” in March 2022
  • Facilitated $1.9 billion in PPP loans
  • 175 Dime employee volunteers assisted in pandemic relief efforts
  • Provided $250,000 in grants to COVID-19 impacted small businesses

Governance Achievements

  • Established a Diversity & Inclusion Committee in 2022
  • Established several Affinity Groups in 2022 (Women’s Affinity Group and African American and Caribbean Groups)
  • Implemented a robust risk governance framework including stress testing, cybersecurity measures, code of conduct, whistleblower policy, and ongoing training

Climate Goals & Targets

Environmental Challenges

  • Climate change risks impacting Long Island communities
  • Need to further enhance climate risk management capabilities
Mitigation Strategies
  • Developing a roadmap to improve climate risk management
  • Exploring climate risk-related stress testing
  • Considering environmental impact in vendor selection
  • Reducing branch footprint
  • Transitioning to cloud-based servers

Supply Chain Management

Responsible Procurement
  • Consideration of environmentally sound practices of potential partners in vendor selection process

Climate-Related Risks & Opportunities

Physical Risks
  • Climate change impacts on Long Island communities
Opportunities
  • Growth in renewable energy sector