New Delhi: 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 was undertaken by REC’s Risk Management Division to evaluate and further strengthen the company’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 a comprehensive framework for identifying, assessing, monitoring, and mitigating risks. It supports improved decision-making, stronger governance, enhanced organizational resilience, and sustainable long-term growth.
Notably, REC became the first Indian Public Sector NBFC to receive BSI’s recognition for compliance with the ISO 31000:2018 Risk Management Guidelines in July 2025, marking a significant milestone in institutionalizing a robust enterprise-wide risk management framework.
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