ISO 31001:2018, the long-awaited revision of the international standard for risk management, was published on February 15, 2018. Find out what has changed in the standard and how you can make it work for you in this post.

The new ISO 31000:2018 puts value creation at the center of risk management. The focus is on the need for strong governance, engagement and an integrated approach. The standard remains clearly structured and provides understandable guidelines for all organizations.

ISO 31000:2018 is not a certification standard, but it allows you to benchmark your risk management practices against internationally recognized best practices. In addition, the standard provides valuable guidance for internal and external audits.

What's new in ISO 31000:2018?

  • The principles of risk management have been reviewed.
  • The importance of top management leadership and the integration of risk management, starting with corporate governance, have been emphasized.
  • A greater emphasis on the continuity of risk management - recognizing that new experience, knowledge and analysis can lead to revisions in process elements, measures as well as controls at each stage of the process.
  • Streamlining content with more focus on maintaining an open system model to meet multiple needs and contexts.

How can DQS contribute to your risk management system?

  • Contact us to find out about workshops on ISO 31000:2018.
  • DQS conducts external audits to assess your current risk management system, compare it to available standards, and identify areas for improvement.
Dr. Thijs Willaert

Dr. Thijs Willaert is Global Director Sustainability Services. In this role, he is responsible for the entire ESG service portfolio of DQS. His areas of interest include sustainable procurement, human rights due diligence and ESG audits.