is the online magazine of BSI Group, highlighting the vital role that standards play in today's business environment - delivering ROI, saving costs, improving quality and mitigating risk. Features include interviews with leading business figures, as well as news on the latest developments in management systems, standards, testing, healthcare and certification.
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Monarch Airlines chooses BSI for its European Union Emission Trading System (EU ETS) verification
Monarch Airlines has selected BSI as its provider of verification services against the requirements of the EU ETS directive. This comes in response to the industry's requirement to monitor its CO2 emissions and demonstrate compliance with the directive by submitting a verified annual emissions report by 31 March every year from 2011 onwards.
Gerda, a leading developer and manufacturer of products for the security industry, has become the first company to be awarded the Kitemark for thief-resistant lock assemblies, in line with BS 10621:2007 Thief resistant dual-mode lock assembly.
Security is a challenge at the best of times for a retail bank. If you offer services via the internet, security becomes even more complicated. For Barclays UK Retail Online Banking, information security is at the core of their business, which is one of the main reasons the organization pursued and achieved certification to ISO/IEC 27001 Information security from BSI.
Sapphire earns a standards hat-trick
Sapphire Energy Recovery, the waste processing and resource recovery business owned by Lafarge Cement, has achieved certification to three management systems standards (ISO 9001 Quality management, ISO 14001 Environmental management and BS OHSAS 18001 Health and safety management) from BSI. Sapphire is the UK's leading processor of used tyres, and sources and manages the logistics of a range of waste-derived fuels and raw materials for the cement industry.
While there was a time when companies would never consider working alongside the competition, today's marketplace demands a more flexible approach. Collaboration is fast becoming par for the course. For example, large government contracts often require expertise that goes far beyond any one company's capacity to deliver. Forming a consortium brings together the right experience in the right place, and it can mean the difference between winning or losing a tender.
Question: Why is risk management important to business?
First, there's more to risk management than just managing risk. Most organizations will talk about risk assessments, but the question is: what are they assessing? If you don't know what the threats are, then how can you conduct an effective risk assessment?
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