ISO 31000

What is ISO 31000 Certification?
ISO 31000 is an international standard focused on risk management, issued by the International Organization for Standardization (ISO).
This standard provides general principles and guidelines that help organizations identify, analyze, evaluate, and manage risks, contributing to better decision-making and enhanced organizational performance.
ISO 31000 serves as a reference framework for any organization seeking to build an effective risk management system, whether public or private, large or small.

What is the importance of ISO 31000 certification?
ISO 31000 is applicable to all types of organizations across various sectors, as it focuses on methodology rather than the type of activity.
The certification aims to:
• Establish a risk-aware organizational culture capable of effective response.
• Improve the ability to forecast, plan, and make strategic decisions.
• Reduce financial and operational losses due to potential risks.
• Comply with legal and regulatory requirements related to risk management.
• Increase stakeholder confidence, including investors, clients, and regulators.
• Gain competitive advantage through readiness and resilience in the face of challenges.
• Integrate risk management into all levels and processes of the organization.

How to obtain ISO 31000 certification?

1. Conduct a gap analysis between the current situation and ISO 31000 requirements.
2. Develop an integrated risk management framework aligned with the standard’s principles.
3. Train staff on risk management concepts and practices.
4. Implement the system and integrate it into daily operations.
5. Perform an internal review to verify effectiveness.
6. Contract with an accredited certification body to obtain the certificate after external assessment. 

What is the validity period of ISO 31000 certification?
ISO 31000 certification is valid for three years from the date of issuance, provided the organization maintains and effectively applies the system.
During the certification period, the organization is subject to:
Surveillance Audits
• Usually conducted once a year by the certification body.
• Intended to ensure ongoing compliance with the standard.

Recertification Audit
• Conducted before the end of the third year to renew the certification.
• Involves a comprehensive review of all risk management elements within the organization.