New Delhi, July 16: REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, has renewed its ISO 31000:2018 Letter of Recognition for Risk Management Guidelines following a comprehensive reassessment by the British Standards Institution (BSI).
The renewed recognition reaffirms the company’s compliance with internationally accepted enterprise risk management standards and reflects its continued focus on strengthening governance and organisational resilience.
According to REC, the reassessment was carried out by its 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 conditions. Following an audit and evaluation process, BSI renewed the recognition for REC’s 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. The standard is intended to support informed decision-making, improve governance, enhance organisational resilience and facilitate sustainable long-term growth.
REC said the renewal reinforces its commitment to maintaining globally benchmarked risk management practices across its operations.
The company had become the first Indian public sector non-banking financial company (NBFC) to receive BSI recognition for compliance with ISO 31000:2018 Risk Management Guidelines in July 2025, marking a milestone in the adoption of enterprise-wide risk management practices within the public sector financial space.
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