British Standards Institution Renews REC’s ISO 31000:2018 Recognition for Risk Management

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading Infrastructure Financing NBFC, has successfully renewed its ISO 31000:2018 Letter of Recognition for Risk Management Guidelines following a comprehensive reassessment conducted by the British Standards Institution (BSI). The renewed recognition reaffirms REC’s commitment to maintaining globally benchmarked risk management practices and strengthening organizational resilience in an evolving business environment.

The reassessment exercise was undertaken by REC’s Risk Management Division to evaluate and enhance the organization’s Enterprise Risk Management (ERM) framework in line with evolving regulatory requirements, emerging business risks, industry best practices, and changing market dynamics. Following an extensive audit and evaluation process, BSI renewed REC’s Letter of Recognition for compliance with the principles and guidelines prescribed under ISO 31000:2018.

ISO 31000:2018 is an internationally recognized standard that provides principles, framework, and guidelines for effective risk management. It enables organizations to systematically identify, assess, monitor, and mitigate risks, thereby enhancing decision-making, improving governance, strengthening resilience, and supporting long-term sustainable growth.

REC had earlier achieved a significant milestone by becoming the first Indian Public Sector NBFC to receive recognition from BSI for compliance with ISO 31000:2018 Risk Management Guidelines in July 2025, demonstrating its pioneering approach towards institutionalizing a robust and enterprise-wide risk management culture.