Bankwell Financial Group, Inc..
BWFG.US | Other monetary intermediation
Bankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank that provides commercial banking services to businesses, individuals, and non-profit organizations in Connecticut. It offers various deposit products, including checking, savings, and money market accounts, as well...Show More
Better Health for All
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The provided articles do not contain any specific, concrete data points or evidence relevant to the 'Better Health for All' ethical value or its associated KPIs. Both articles explicitly state that no relevant data was found for the requested metrics.
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Therefore, no KPIs can be scored.
Fair Money & Economic Opportunity
-40
BWFG.US contributed $300,000 to community organizations in 2024.
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This represents approximately 1.72% of its net income of $17.4 million for the fiscal year 2024.
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Fair Pay & Worker Respect
-10
The company's employee rating on Glassdoor is 2.9 out of 5 stars, which is equivalent to an engagement score of 58/100.
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This rating is 22% below the average for Financial Services employers (3.7 stars).
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Employee reviews on Indeed.com are highly polarized, with some describing the company as "awful" and others as "outstanding," suggesting inconsistent employee experiences.
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No specific regulatory actions, violations, fines, or compliance issues related to labor laws or human rights are mentioned across the provided articles.
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Fair Trade & Ethical Sourcing
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Bankwell Financial Group, Inc. operates as a bank holding company, providing commercial banking services. Due to the nature of its business, it does not procure or trade physical commodities, nor does it have a supply chain that typically requires welfare or sourcing audits, exposure to upstream labor practices, or sourcing of at-risk materials. Therefore, KPIs related to fair trade certifications, audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in supplier contracts for physical goods, and materials risk are not applicable. No specific data was found regarding the company's procurement budget directed to indigenous, minority, or local community suppliers.
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Honest & Fair Business
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The company's Audit Committee oversees the whistleblower program and activity.
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The Audit Committee pre-approved 100% of the services performed by the independent registered public accounting firm for the fiscal year ending December 31, 2024.
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The board of directors consists of 89% independent directors.
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The Code of Conduct and Code of Ethics for Senior Financial Officers are reviewed annually to ensure compliance with regulatory requirements and best practices.
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Independent audits are performed periodically to review the Bank’s mitigating controls and conduct penetration testing of internal and external systems.
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Annually, an independent auditor tests employees’ awareness of and resilience to social engineering tactics.
6
Kind to Animals
10
Bankwell Financial Group, Inc. (BWFG.US) is a financial services company. Article 3 explicitly states that the company has 'No Animal Testing' as a product and activity.
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Given its business model, this constitutes a global corporate ban on animal testing across all its service offerings, aligning with the highest tier for animal testing policy. As a service-oriented company, it does not engage in activities such as product manufacturing, animal husbandry, or sourcing animal-derived ingredients. Therefore, KPIs related to cruelty-free certification, alternative testing usage, humane certifications, wildlife conservation impact, ethical input substitution, supplier audits, cage-free sourcing, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, and public policy engagement on animal welfare are not applicable to its core operations.
No War, No Weapons
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No evidence available to assess Bankwell Financial Group, Inc. on No War, No Weapons.
Planet-Friendly Business
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Bankwell Financial Group's total Scope 1, 2, and 3 greenhouse gas emissions for 2023 were approximately 443,610 tCO2e (0.44 M tCO2e).
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While the company reports full Scope 1, 2, and 3 emissions, no specific reduction targets or initiatives, nor any data on annual decline, were disclosed.
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Respect for Cultures & Communities
-20
Bankwell Financial Group (BWFG.US) has one formal partnership with the Norwalk Housing Foundation, which supports a scholarship program for local public housing residents.
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In 2024, BWFG.US made $300,000 in community contributions.
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With a fiscal year revenue of $78.8 million in 2024,
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this represents approximately 0.38% of revenue reinvested in local community development.
Safe & Smart Tech
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No evidence available to assess Bankwell Financial Group, Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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No data was provided for any of the specific zero waste and sustainable product metrics requested, including waste diversion rate, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education.
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While the company's total carbon emissions for 2023 were approximately 443,610,250 kg CO2e, with Scope 3 emissions being the largest component at around 442,784,150 kg CO2e, this information does not directly address the specific KPIs for zero waste and sustainable products as defined.
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