Everything you need to know about ISO 31030 - Travel risk management
What is ISO 31030?
ISO 31030 is a global standard that intends to provide guidance to corporate organisations on managing the risk associated with travel.
Why has ISO 31030 been created?
ISO31030 has been developed to address increased levels of anxiety about travel risk. At the time of inception, there was a growing perception that travel risk had increased, due to increased media reporting and a general feeling that risk was intensifying. These feelings have now been heightened by the outbreak of Covid-19 in 2020.
Who will ISO 31030 affect?
The implementation and auditing of ISO 31030 will mainly involve travel managers, security and risk management departments, HR and legal departments, however other stakeholders may be part of the process. The outcome of ISO 31030 and any changes made as a result of the framework will affect anyone who travels for business - with the aim being to make them feel more confident and safe when travelling.
What will ISO 31030 contain?
Although ISO 31030 is yet to be published, we expect that it will contain guidance on:
1. Scope, context and risk criteria
2. Risk management process
3. Management of travellers
4. Recording and reporting
What are the benefits of ISO 31030?
ISO 31030 provides organisations with the chance to boost internal assurance about the safety of travel, as well as improving employee’s confidence in travel. Meeting ISO 31030’s standards will show travellers that your organisation is taking all necessary steps to mitigate travel risk.
How should I approach ISO 31030?
ISO31030 is not an absolute and should be used as a way of identifying opportunities to improve your organisation’s current travel risk management strategy. After this you can then work with your TMC to develop a plan to address this.
ISO 31030 should be part of a wider project to integrate travel risk management with wider risk management systems such as HR, IT and legal etc.
When will ISO 31030 be published?
ISO31030 is now in consultation and is expected to be published between June-August 2021.