Sustainability Reporting

This section looks closely at DIMO’s capitals analysing their quality and availability and discussing what we have done to build and transform them in order to create sustainable value.

  • Capital Management
    • Monetised Capital
    • Relationship Capital
    • Human Capital
    • Intellectual Capital
    • Natural Capital

Our purpose in Sustainability Reporting is to place before all stakeholders a comprehensive account of the economic, social and environmental impacts that are generated by the Company’s activities.

We have endeavored to report in as fair and transparent manner as possible, presenting both negative and positive aspects without bias, as we believe it to be imperative that stakeholders have access to comprehensive details to aid informed opinion and choice.

Diesel & Motor Engineering PLC (DIMO) continuously strives for excellence in every aspect of business we are involved in by stressing the importance of sustainability in all our operations. In-conjunction, our organization has continued to strengthen the efforts of our corporate governance and increase transparency that is in-line with global business and financial practices.

Therefore, our intention of adopting the International Financial Reporting Standards (IFRS) voluntarily, builds on the progress we have made over the years towards our goal of one day producing a truly Integrated Annual Report.

Integrated Reporting

The adoption of integrated reporting redirected us in corporate reporting and made us tread beyond excellence in financial and sustainability reporting. It has provided us a platform to view our enterprise in a more holistic manner and to communicate our value creation story in its totality.

This stakeholder responsive approach harmonises well with our stakeholder centred corporate philosophy.

Global Reporting Initiative

The Global Reporting Initiative (GRI) is a non-profit organization that promotes economic, environmental and social sustainability.

GRI provides all companies and organizations with a comprehensive sustainability reporting framework that is widely used around the world. As of 2006, we have adopted the GRI guidelines into our annual report for our Sustainability Reporting. Our latest Annual Report has been aligned with Global Reporting Initiative (GRI) G3 Sustainability Guidelines, at a self-declared application level of A+.

GRI has pioneered and developed a comprehensive Sustainability Reporting Framework that is widely used around the world. The Framework enables all organizations to measure and report their economic, environmental, social and governance performance – the four key areas of sustainability.

The Reporting Framework – which includes the Reporting Guidelines, Sector Guidelines and other resources – enables greater organizational transparency about economic, environmental, social and governance performance. This transparency and accountability builds stakeholders’ trust in organizations, and can lead to many other benefits. Thousands of organizations, of all sizes and sectors, use GRI’s Framework in order to understand and communicate their sustainability performance.

UN Global Compact

The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with TEN UNIVERSALLY ACCEPTED PRINCIPLES in areas such as human rights, labour, environment and anti-corruption.

By doing so, business, as a primary driver of globalization, can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere. With over 8700 corporate participants and other stakeholders from over 130 countries, it is the largest voluntary corporate responsibility initiative in the world. As of March 2012, DIMO have signed onto the UN Global Compact initiative.

DIMO has therefore committed to support the Ten Principles of the Global Compact with respect to Human Rights, Labor, Environment, and Anti-corruption.

We are committed to making the Global Compact and its principles part of the strategy, culture and day-to-day operations of our company and to engage in collaborative projects which advances the broader development goals of the United Nations, particularly the Millennium Development Goals.