DIMO's reporting methodology recognised

Diesel and Motor Engineering PLC (DIMO) received the Overall Winner Award at the ACCA Sri Lanka, Sustainability Reporting Awards 2014 at the Cinnamon Grand recently.

DIMO achieved this accolade competing with over 70 private and public quoted entities.

The ACCA Sustainability Reporting Award is endorsed by the Ministry of Environment and the Global Compact Network Ceylon. The award gave due recognition to DIMO's efforts to present a comprehensive account of the economic, social and environmental impact that are generated by the company's activities and the manner in which the company has discharged its responsibilities in these three domains.

Chairman and Managing Director, DIMO, Ranjith Pandithage said, "This validates our endeavour to report in as fair and transparent manner as possible, presenting negative and positive aspects without bias."

"We believe it to be imperative that stakeholders have access to comprehensive details to facilitate informed opinions and choices. We are honoured that ACCA has recognised our reporting practices to measure, monitor and report our actions and its impact on our stakeholders," he said.

As a business, DIMO operates on the basic premise that its destiny is in the hands of stakeholders, be it customers, principals, suppliers, shareholders, employees, or members of society.

DIMO incessantly strives for excellence in every aspect of business they are involved in by stressing the importance of sustainability in all operations, a company spokesman said.

DIMO continues to strengthen its corporate governance and increase transparency in-line with global business and financial practices which would undeniably result in sustainable growth of the company, he said.