DIMO Shines Bright at TAGS 2023 with Four Prestigious Awards in Corporate Reporting

DIMO Team with Awards

In a resounding testament to its commitment towards transparency, DIMO secured four accolades at the TAGS Awards 2023 organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently.

DIMO clinched the Gold Award in Integrated Reporting (Shared) underscoring its outstanding performance and leadership in integrated reporting. The Gold Award in the Diversified Holdings -Group Turnover up to 50Bn category, is another feather adding to their continuous success in this segment.

Silver Award in Digitally Transformative Reporting (Shared) acknowledges DIMO's digital prowess while recognizing the company's innovative approach to reporting in the digital age. DIMO's commitment to sustainability garnered the Bronze Award, reflecting its well-structured sustainability agenda covering business, people, and the environment, which was perfectly articulated in the sustainability report. The 2022/2023 Annual Report provides a clear understanding of DIMO's sustainability philosophy, aligning with global best practices.

Mr. Gahanath Pandithage, Group Managing Director/CEO of DIMO, commenting on this accomplishment said "We are happy and honoured to celebrate this Quadruple Victory at TAGS Awards. This achievement further reaffirms our commitment towards transparency”.

The company's 2022/2023 Annual Report, themed "Accelerating into the Future," seamlessly portrays how it transformed its purpose into value across capital, governance, risk management, sustainability, and stakeholder engagement.

At the heart of DIMO's success is its adherence to global reporting standards and best practices. The 2022/2023 Annual Report stands as a beacon of transparency, accountability, governance, and sustainability showcasing the company's robust strategy, value creation, governance structures, ESG practices, management philosophies, and risk management strategies.

DIMO's approach to integrated reporting is exemplified in its concise, complete, and connected report. Compliant with standards and best practices DIMO has been continuously adopting, demonstrating their commitment to corporate discipline and adherence to regulations, further fostering trust among stakeholders.

Going beyond traditional reporting, with its Digital Transformation strategy DIMO unveiled the first micro-site for its 2022/2023 Annual Report. This new sophisticated microsite features Interactive graphs, supplementary information, and QR codes for easy access to videos, providing stakeholders with a seamless and engaging experience.

DIMO's victorious 2022/2023 Annual Report has redefined excellence in outlook presentation, offering a precise insight into the company's prospects, future value creation, and risk management. The report underscores DIMO's ability in securing quality capital, showcasing a solid root to transparency and strategic foresight that led to this distinguished recognition.

DIMO's triumph at the TAGS Awards 2023 emphasizes its unwavering dedication to setting the highest standards in integrated reporting, paving the way for a future where transparency, accountability, governance, and sustainability are paramount.

About DIMO

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.