Dime Community Bancshares, Inc.

Rating Overview

Dime Community Bancshares, Inc. is Lower Risk.

Dime Community Bancshares, Inc. is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

Dime Community Bank integrates ESG into its business practices by tying executive compensation to ESG goals. From its 2023 Proxy Statement: “In addition to the Corporate Factors, the Compensation Committee considered the following qualitative factors which were identified at the beginning of 2022 and assessed on a discretionary basis in finalizing 2022 AIP payouts:… progress on ESG” (1). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (2).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

Dime Community Bank does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Dime Community Bank requires its employees to take inclusivity training (1). The company appears to prioritize diversity over merit in its leadership composition. From its 2024 Proxy Statement: “The charter of the Corporate Governance Committee provides that diversity, inclusive of gender, race, and ethnicity shall be part of the selection criteria for determining the individuals to be considered for election and re-election to the Board” (2). The company appears to prioritize diversity over merit in its intern recruitment. From its ESG report: “During the recruitment process for the program, we look for diverse candidates with interest in banking related functions, ranging from finance, to credit, to operations” (3). The company does not provide viewpoint protections for its employees (4).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Dime Community Bank supports DEI within its business practices, employing a DEI Committee (1). The company supports ESG within its business practices. From its 2022 Annual Report: “We also began ESG reporting, to track our progress as we evolve to a more environmentally and socially conscious organization” (2). The company supports DEI within its business practices. From its 2022 Proxy Statement: “The Company celebrates diversity and encourages diversity and inclusion throughout the organization” (3).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

Dime Community Bank has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

Dime Community Bank does not operate a PAC or engage in lobbying at this time (1)(2)(3).