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ISO 31000:2018

Risk Management (product certification)

ISO 31000 Risk Management Standard

ISO 31000:2018 Risk Management (product certification) provides principles, frameworks and a process for managing risk. Public, private and community enterprises can all benefit from ISO 31000:2018 because it covers most business activities, including research, planning, management and communications. Implementing ISO 31000:2018 can help organisations increase the likelihood of achieving objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment.

ISO stands for International Organisation for Standardisation, whose standards address basic requirements that should be documented and followed rigorously within the scope of the company. These systems can be for quality, environment, safety, or any other aspects of a company. ISO has developed and published more than 23,528 International Standards.

Benefits of ISO 31000 Risk Management Standard

It can be used by organisations to compare their risk management practices with an internationally recognised benchmark, providing sound principles for effective management and corporate governance.

It is a clear indicator to your customers and other stakeholders that as an organisation, you are committed to managing risks in every part of your business.

It increases public confidence in the organisation as it demonstrates your management capabilities in protecting your business from internal and external threats.

ISO 31000:2018 Certification helps to provide guidance for internal or external audit programmers.

In competitive bidding for commercial tenders, it will enhance your company’s reputation and give you a competitive advantage.

Prove that your business is ethical

Complete our free Highest Ethical Business Assessment (HEBA) & evaluate your current Corporate Compliance Program. Find out if your organisation’s compliance program is in the line with worldwide Compliance, Business Ethics, Anti-Bribery and Anti-Corruption Frameworks. Let ABAC™ experts prepare a complimentary gap analysis of your compliance program to evaluate if it meets “adequate procedures” requirements under the UK Bribery Act, DOJ’s Evaluation of Corporate Compliance Programs Guidance and Malaysian Anti-Corruption Commission.

Through the compliance certification process, we can identify any non-conformities, make suggestions for improvement, recommend best practices and provide analysis to point out red flags, material risks and growth opportunities. In this difficult global atmosphere that is not only affecting our personal lives but that of our business too, compliance departments are increasingly being asked to prove their value. Our ABAC™ program allows your team goals to be remotely achieved and deliver significant value to your organisation both in the present and future.

Contact our team

Do you have questions about ISO Certification or Training? Or are you interested in learning more about ISO standards in your region? Meet the ABAC™ team, qualified and dedicated to helping worldwide organisations to overcome business risks across the globe. We are an international team of talented compliance professionals that are shaping the future of the compliance solutions industry globally. Contact us today.

 

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