“Petroleum” obtains the ISO certificate in risk management, the first of its kind in the Middle East

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“Petroleum” obtains the ISO certificate in risk management, the first of its kind in the Middle East

Today, Monday, Kuwait Petroleum Corporation announced that it has obtained the ISO certificate in risk management (ISO 2018 – 31000) as the first institution in the Middle East to obtain this certificate.

The Corporation said in a press statement that it has sought to implement the comprehensive risk management system (ERM) since 2006 in cooperation with specialized companies by developing a comprehensive risk management policy and framework and circulating it to subsidiaries, in addition to developing it as a tool for making strategic and capital decisions.

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She added that the auditing company (Berio Veritas) spent two weeks to examine the system, which included holding workshops on its application and effectiveness, as well as updates made to the system from information technology, risk register, key risk reports, employee culture in risk management, and its compliance with ISO certification requirements.

The late with Ali Al-Ghanim

She stated that the ISO system (ISO 31000 – 2018) aims to improve systems and risk management methods in the organization, properly analyze risks and deal with them professionally, in order to reduce losses.

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Source: Tellyupdates

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