NEW DELHI : REC Ltd., a Maharatna public sector enterprise under the Ministry of Power and a leading non-banking financial company (NBFC), has received an Independent Opinion Statement from the British Standards Institution (BSI), confirming its compliance with ISO 31000:2018 (Enterprise Risk Management – Guidelines).
This achievement makes REC the first Indian public sector NBFC to receive this accreditation from BSI.
ISO 31000:2018 is an internationally recognized standard that provides principles and guidelines for effective risk management. The certification reflects REC’s commitment to adopting best-in-class risk management practices and adding value through a structured approach to managing risk.
“This ISO 31000:2018 compliance is a testament to REC’s unwavering commitment to excellence in enterprise risk management,” said Subrata Aich, chief risk officer at REC. “It signifies that REC has a structured, comprehensive, and internationally aligned approach to risk management, which will further enhance the confidence of all our stakeholders, including investors and lenders.”
The official document was formally handed over to Aich by Shripad Yesso Naik, minister of state for power and new and renewable energy, and Prateek Rai, India head – training (sales and operations) at BSI, during REC’s 56th Foundation Day at Yashobhoomi Convention Centre in Dwarka, New Delhi.
