2021 Annual Report

Environmental, Social & governance (ESG)

our esg commitment At Bridgewater, we are committed to establishing and advancing impactful initiatives that support our corporate responsibility as a growing local bank in the Twin Cities, while regularly sharing our progress with our stakeholders.

1. Team members, clients and communities Leverage our unconventional corporate culture to leave a positive lasting impact on our team members, clients and communities 3. Corporate Governance Ensure strong corporate governance oversight including an effective risk management framework to support a growing organization

2. Diversity, Equity and Inclusion Create a diverse, equitable and inclusive work environment and community

our esg priorities

4. Environmental Contribute to a healthier natural environment in the communities in which we live and work

For more information on Bridgewater’s ESG commitment and priorities, please visit our ESG webpage at www.BWBMN.com/about-bridgewater/esg.

esg oversight In October 2021, 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 ESG issues. In addition to board-level oversight, a management-level ESG Committee was also formed in 2021 with the role of developing, implementing and growing a formal ESG program at Bridgewater. This cross-functional committee has conducted a peer gap analysis andmateriality assessment to help identify the aspects of ESG with the most impact on our business and assisted the Nominating and ESG Committee of the Board in developing a formal ESG strategy. The ESG Committee is focused on identifying ESG initiatives already in place at Bridgewater, implementing future ESG initiatives, and monitoring and communicating progress on ESG initiatives to stakeholders.

7