GWC awarded the ISO 31000:2018 Record of Verification Certificate
GWC was awarded the “ISO 31000:2018 Record of Verification” certification by LRQA for Enterprise Risk Management (ERM) System, after a thorough assessment, which found the company in full compliance with the guidelines provided by ISO Risk Management Standard.
This certificate is an internationally recognized standard that ensures that a company is managing “risks” effectively and reaffirms its ability to consistently deal with and contain uncertain situations. ERM identifies risks which are potential, emerging or existing within an organization that could have an impact (positive or negative) in achieving its strategic and operational objectives.
Speaking about it, Ranjeev Menon, Group CEO, GWC, said “GWC being awarded this ISO certificate is a reaffirmation of our commitment to the highest level of service and always keeping all our stakeholder’s interest at the heart of what we do. This certificate gives significant confidence to all our customers, clients, partners, and stakeholders that our corporate risk-management is fully integrated in our processes and internationally validated.”
Being awarded this standard also provides an assurance to all of GWC’s stakeholders that the company has open lines of communications, and coordination when it comes to assessing and managing risks across all levels and functions of the organization. This provides relevant data to the management, supporting the decision-making process based on logical reasoning and factual data.
ISO 31000:2018 is an international standard that provides guidelines on managing any type of risk in any business activity. The standard provides guidelines on principles, risk management framework, and application of the risk management process. The standard covers the risk management principles which are the foundation for managing risk and guides organizations in developing a risk management framework by implementing a risk management framework and ensuring that risk management is an integral part of organizational structures. It is also important to evaluate the effectiveness and viability of these measures at periodic intervals.
