Key ISO Certifications for Different Risk Management

It is never easy to dodge organisational risks, including reputational risks, legal risks, data security risks, environmental risks, and so on. These risks mainly arise due to uncertainties in their respective areas, and to minimise them, businesses need to take suitable mitigation measures. Achieving an ISO certification is a great way to ensure overall quality management and emphasize the identification and management of risks. Some prominent certifications include ISO 14001 certification for managing environmental threats, ISO 27001 certification for informational security risk management, and ISO 45001 certification for occupational hazard management. 

Listed below are some key ISO certifications, and how they manage different types of risks for different aspects of business. 

With increasing cases of significant loss due to data violations, businesses must learn how to actively protect their information and minimise information security risks. Gaining ISO 27001 certification will assure data security and help to eliminate any penalties that may arise from unprotected information. The certification requires the implementation of an information security management system (ISMS),  which will be responsible for accessing data processes and identifying potential risks. With an ISMS, organisations can undertake appropriate measures to ward-off any threats to their data processing systems. 

Businesses that deliver products or services with high environmental footprints are vulnerable to environmental risks. The ISO 14001 standard was specially issued to manage the environmental footprint, ensuring the decrease of environmental risk and promoting long-term sustainability. If finding it difficult to start the certification process, ISO 14001 certification consultants can help. They will assist in integrating an environmental management system or EMS with the business processes, while considering waste or by-products generation. 

Ensuring the safety of the staff or employee workforce from occupational hazards is an essential part of risk management for organisations. Implementing the ISO 45001 standard will help to execute practical health and safety policies that will benefit employees. It will ensure a healthy working environment, hygiene maintenance, reliable working hours, a bearable workload, and a proper risk mitigation plan. 

Many types of organisational risks bring losses to a business, such as reputation damage, loss of customers, lack of confidence from partner firms, and decreasing sales. The ISO 31000 risk management standard covers the management and mitigation of all risks in a business. It lays down principles and regulations for the effective reduction of probable risks in a business, including brand image risks, financial risks, safety and privacy threats, and legal risks. 

These four ISO certifications ensure that most business risks are mitigated and monitored, saving many businesses from the stress of a potentially unsafe environment. While achieving ISO 31000 can address all major risks, it is recommended for IT based companies to also achieve ISO 27001 certification, as it ensures the proper management of vast amounts of data. Likewise, it is recommended for manufacturing companies to achieve ISO 14001 for the strict adherence to environmental safety, and ISO 45001 for occupational health and safety. 

Author bio: Damon Anderson is an ISO 27001 certification expert and a dedicated blog writer who covers the benefits of ISO certifications and tips to achieve them. He helps businesses find the best ISO 9001, ISO 27001, and ISO 14001 certification consultants, who work to implement ISO certifications in their client’s organisations.

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