DIMO rewarded for transparent disclosure of commitment towards nation’s sustainability

Sri Lanka’s leading conglomerate Diesel & Motor Engineering PLC (DIMO) was once more rewarded immensely at the annual ACCA Sri Lanka Awards for Sustainability Reporting 2019 which was held recently at the Cinnamon Grand Hotel, Colombo. 

While being the Overall Runner-up of the night, DIMO also emerged as the Winner in the Retail and Trading Category. Through the accounts published in the 2018/2019 Annual Report themed ‘The Road Less Travelled’, DIMO has proudly presented its commitment towards providing its stakeholders an account of the economic, social and environmental impacts of the company’s activities. 

It has endeavoured to report in a fair and transparent manner, presenting both negative and positive aspects without bias as it believes it to be imperative that stakeholders have access to comprehensive details to aid informed opinion and choice. 

Commenting on the win, DIMO Chairman and Managing Director Ranjith Pandithage said: “Environmental, social and sustainability reporting is now an important route through which corporate accountability and integrity can be demonstrated. Communicating how we have put this mandate into practice has become an equally important aspect in the corporate world. Responsible behaviour of DIMO is a core component of our corporate strategy. Such corporate philosophy has been projected through our sustainable reporting, which rationalises our continuous winning streak at the ACCA Sri Lanka Sustainability Reporting Awards.”

DIMO owed its Overall Runner-up win to its coverage of an extensive network of disparate businesses and the achievement of a high standard of disclosure and to being well presented in the annual report. 

DIMO’s performance in relation to sustainability that has been well documented aligning with the United Nations’ Sustainable Development Goals (SDGs) has led DIMO to be the Winner in the Retail and Trading Category. In addition, DIMO has been voted a Great Place to Work which yet again resembles DIMO’s commitment towards all stakeholders.

The Judges’ report of the ACCA Sustainability awards emphasised on DIMO’s significant effort on water recycling and energy consumption per Rs. 1 million revenue while the annual report also explained material aspects and how the company has addressed them well. The report was acclaimed for its clarity and lack of unnecessary material which could draw away attention from essential points of reporting. 

Furthermore, DIMO’s policy to supply environmental-friendly solutions was also noted profoundly. Products and services offered by DIMO are embedded with the best technology and generate minimal harm to the environment. LED bulbs, hybrid passenger vehicles, energy conserving lighting solutions, waste water treatment solutions, Euro4-enabled commercial vehicles and renewable energy solutions are some of the key products through which DIMO supports environmental sustainability.  

DIMO is one of the few companies in Sri Lanka that has gone the extra mile to implement SA 8000: 2014 accredited Social Accountability Management System to indorse social accountability across the organisation to assure that the company is fully compliant with country’s labour laws which also reflect the company’s commitment towards corporate transparency.

The ACCA Sustainability Reporting Awards recognises the growing need for organisations to be responsible and accountable for their impacts on society and the environment and aims to reward Sri Lanka’s most transparent, accountable and responsible corporates.