New Delhi: REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power and a leading infrastructure financing Non-Banking Financial Company (NBFC), has successfully renewed its ISO 31000:2018 Letter of Recognition for Risk Management Guidelines from the British Standards Institution (BSI).
The renewed recognition highlights REC’s continued commitment to implementing globally accepted risk management practices and strengthening its ability to manage business challenges in a rapidly changing environment.
BSI Conducts Comprehensive Reassessment of REC’s Risk Management Framework
The renewal followed a detailed reassessment conducted by BSI to evaluate REC’s **Enterprise Risk Management (ERM) framework).
The reassessment was carried out by REC’s Risk Management Division with a focus on:
- Evolving regulatory requirements.
- Emerging business risks.
- Industry best practices.
- Changing market conditions.
Following an extensive audit and evaluation process, BSI renewed REC’s recognition for compliance with the principles and guidelines of ISO 31000:2018.
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ISO 31000:2018 Recognition Supports Better Governance and Decision-Making
ISO 31000:2018 is an internationally recognised standard that provides principles, frameworks and guidelines for effective risk management.
The standard helps organisations to:
- Identify and assess risks systematically.
- Monitor and manage potential challenges.
- Improve decision-making processes.
- Strengthen corporate governance.
- Enhance organisational resilience.
- Support sustainable long-term growth.
REC’s continued compliance with the standard reflects its focus on creating a strong and structured enterprise-wide risk management system.
REC Became First Indian Public Sector NBFC to Receive ISO 31000:2018 Recognition
REC achieved a major milestone in July 2025 by becoming the first Indian Public Sector NBFC to receive recognition from BSI for compliance with ISO 31000:2018 Risk Management Guidelines.
The achievement demonstrated REC’s pioneering approach towards building a robust risk management culture across the organisation.
The renewal of this recognition further reinforces REC’s efforts to maintain high standards of governance, transparency and operational excellence.
Focus on Building a Future-Ready Risk Management System
Through its continued adoption of international risk management frameworks, REC aims to strengthen its preparedness for future challenges and support sustainable business growth.
The company’s focus on risk-based decision-making and governance practices is expected to further enhance stakeholder confidence and organisational stability.
About REC Limited
REC Limited is a Maharatna CPSE under the Ministry of Power, Government of India. The company is engaged in financing power sector and infrastructure projects across the country. REC provides financial assistance for generation, transmission, distribution, renewable energy and other infrastructure development initiatives, contributing significantly to India’s energy growth and development.
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