What is ISO 31000 designed to help organizations do?
• Increase the likelihood of achieving objectives. • Encourage proactive management. • Be aware of the need to identify and treat risk throughout the organization. • Improve the identification of opportunities and threats. • Comply with relevant legal and regulatory requirements and international norms. • Improve financial reporting. • Improve governance. • Improve stakeholder confidence and trust. • Establish a reliable basis for decision making and planning. • Improve controls. • Effectively allocate and use resources for risk treatment. • Improve operational effectiveness and efficiency. • Enhance health and safety performance, as well as environmental protection. • Improve loss prevention and incident management. • Minimize losses. • Improve organizational learning. • Improve organizational resilience.
