DIMO emerged the Platinum Award Winner at the recently held CMA Excellence in Integrated Reporting Awards 2021, bagging 04 awards in total. The Platinum Award was introduced this year to recognise organisations that have demonstrated excellence in Integrated Reporting consistently over a period of seven years. DIMO was the first company in Sri Lanka to be recognised with this award.
DIMO also won the Gold Award for ‘Best Integrated Report – Diversified Holdings Sector’. Continuing its winning streak, DIMO also won the award for the ‘Best Concise Integrated Report’ and was recognised among the ‘Five Excellent Integrated Reports’ in Sri Lanka. Additionally, Mr. Suresh Gooneratne – Director, Chief Financial Officer and Company Secretary of DIMO, was honoured with the CMA CFO Excellence Award.
Mr. Ranjith Pandithage, Chairman & Managing Director of DIMO, said, “These awards are a testament to the hard work and dedication of everyone in the DIMO tribe. They have been the driving force that has helped the company overcome many challenges and stay a step above the rest in the Integrated Reporting sphere. We hope to gain more success in the future, while we stand by our vision of fuelling the dreams and aspirations of the communities we serve.”
DIMO published its first Integrated Report in 2011 and the journey following this has been one of many learnings. The first phase of integrated reporting saw DIMO primarily focus on the completeness of the report in terms of its content and what was reported. The second phase was focussed on value creation. This was the most important phase as DIMO was able to articulate its complex business operations, interdependencies and interconnections of capital in a simple and an efficient manner.
The third phase began in 2019, when DIMO decided to raise the standard of its integrated report to be on par with internationally acclaimed integrated reports. Currently, the focus of this phase is to report DIMO’s value creation story in a manner that showcases how the organization is being managed, how integrated thinking is practiced and how the substance of the integrated reporting framework is kept in mind. In light of this new development, DIMO is attempting to demonstrate DIMO’s value creation story with less silos and more integration.
The COVID-19 pandemic was a game changer for organisations all over the world. However, DIMO was able to adapt to the new normal and overcome every challenge it faced during these trying times. DIMO has continuously reached the pinnacle of the integrated reporting sphere, which is a direct result of the company’s ability to adapt business practices and persevere through the toughest conditions.
Diesel & Motor Engineering PLC (DIMO) is involved in a number of related fields and represents many prestigious principals – Mercedes-Benz, Siemens, Jeep, KSB, TATA Motors, MTU, Komatsu, Michelin, Zeiss, MRF, Bomag, Claas, TK Elevator, Mahindra Tractors and Stanley to name a few. From a company known for vehicles, DIMO today has diversified into many areas. Medical Engineering, Building Management Systems and Services, Power Generation and Distribution, Material Handling, Storage and Warehouse solutions, Power Tools, Agricultural Equipment, Total Lighting Solutions, Power systems and Generators, Refrigeration, Ship Repairing and Driver Training Courses are some of the areas into which DIMO has entered during the past few decades. DIMO has also diversified into fertilizer and agriculture input market. DIMO successfully entered into overseas markets in the Maldives and Myanmar, by expanding their Marine and General Engineering services through partnerships in the Maldives and their automobiles and automobile servicing segments into Myanmar. DIMO is currently working to consolidate on current overseas operations with new markets in East Africa.