Gulf Warehousing Company (GWC) was awarded the “ISO 31000:2018 Record of Verification” certification by LRQA for Enterprise Risk Management (ERM) System.
This certificate is a globally recognised standard that ensures that a company is managing risks effectively and reaffirms its ability to consistently deal with and contain uncertain situations.
ERM identifies risks which are potential, emerging or existing within an organisation that could have an impact (positive or negative) in achieving its strategic and operational objectives.
"This certificate gives significant confidence to all our customers, clients, partners and stakeholders that our corporate risk-management is fully integrated in our processes and internationally validated,” said Ranjeev Menon, Group chief executive officer, GWC.
Being awarded this standard also provides an assurance to all of GWC’s stakeholders that the company has open lines of communications, and co-ordination when it comes to assessing and managing risks across all levels and functions of the organisation.
This provides relevant data to the management, supporting the decision-making process based on logical reasoning and factual data.