What is BS ISO 31030:2021 about?
This new international standard gives guidance on how to manage the risks to an organization and its travellers undertaking business travel. BS ISO 31030:2021 aims to promote a culture where travel-related risk is taken seriously, resourced adequately, and managed effectively.
NOTE 1: BS ISO 31030:2021 does not apply to tourism and leisure-related travel, except in relation to travellers travelling on behalf of the organization.
Who is BS ISO 31030:2021 for?
For any type or size of organization in any sector, including but not limited to:
- Commercial organizations
- Charitable and not-for-profit organizations
- Governmental organizations
- Non-governmental organizations
- Educational organizations
Users will typically be:
- Risk managers/analysts/officers
- Risk operations managers
- Business continuity managers
- Compliance officers
- Resilience managers
- Security managers
- Corporate and physical security personnel
- Executive protection personnel
What does BS ISO 31030:2021 cover?
It provides a structured approach to the development, implementation, evaluation and review of travel risk management:
- Policy
- Programme development
- Threat and hazard identification
- Opportunities and strengths
- Risk assessment
- Prevention and mitigation strategies
NOTE 2: BS ISO 31030:2021 uses the terminology, principles, framework and processes from BS EN ISO 31000 – Risk management – Guidance but covers risks applied to travelling.
Why should you use BS ISO 31030:2021?
This is the only international standard covering this topic and could be particularly important to organizations as they review their travel risk given the COVID-19 pandemic. This standard can help organizations to:
- Protect personnel, data, intellectual property and assets
- Reduce legal and financial exposure
- Enable business in higher-risk locations
- Enhance reputation and credibility, which in turn can positively impact competitiveness and staff retention and acquisition
- Contribute to strengthening business continuity and resilience
- Demonstrate to stakeholders that robust governance is in place, which may lower insurance premiums and make investors more willing to commit funds
- Enter new markets and accelerate innovation, by giving organizations the confidence to take opportunities they would otherwise miss
- Develop expertise in travel management
- Operate more efficiently and grow sustainably