REC renews ISO 31000:2018 recognition for enterprise risk management

New Delhi: State-owned infrastructure financing company REC Limited has renewed its ISO 31000:2018 Letter of Recognition for Risk Management from the British Standards Institution (BSI), reaffirming its compliance with globally recognised enterprise risk management standards.

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REC, a Maharatna CPSE under the Ministry of Power, said the recognition was renewed following a comprehensive reassessment of its Enterprise Risk Management (ERM) framework conducted by BSI.

The reassessment, led by REC's Risk Management Division, evaluated the company's risk management framework against evolving regulatory requirements, emerging business risks, industry best practices and changing market dynamics. Following the audit and evaluation process, BSI renewed REC's recognition for compliance with the principles and guidelines prescribed under ISO 31000:2018.

ISO 31000:2018 is an internationally recognised standard that provides a framework for identifying, assessing, monitoring and mitigating risks. It is designed to strengthen governance, improve decision-making, enhance organisational resilience and support sustainable long-term growth.

REC said the renewed recognition underscores its commitment to maintaining globally benchmarked risk management practices while reinforcing organisational resilience in a dynamic business environment.

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In July 2025, REC became the first Indian public sector non-banking financial company (NBFC) to receive BSI's Letter of Recognition for compliance with the ISO 31000:2018 Enterprise Risk Management Guidelines, marking a significant milestone in institutionalising an enterprise-wide risk management framework.

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