What does ISO 31000 pertain to in the context of Risk Management?

ISO 31000 is specifically focused on risk management. It provides guidelines and principles for establishing a risk management framework and process, applicable to any organization regardless of its size, sector, or industry. The standard emphasizes the importance of integrating risk management into an organization’s governance structure and decision-making processes.

By offering a structured approach to identifying, assessing, and managing risk, ISO 31000 helps organizations improve their resilience and achieve their objectives more effectively. It supports organizations in making informed decisions in uncertain environments, facilitating not only the management of risks but also the identification of opportunities that can arise from effectively managing these risks.

The other options relate to different standards and practices outside the realm of risk management. Quality Management pertains to ensuring that products and services meet customer expectations and regulatory requirements. Environmental Management focuses on the management of environmental aspects and impacts. Health and Safety Standards are directed towards ensuring the safety and well-being of employees in the workplace. Each of these areas has its own set of guidelines and standards, but they do not encompass the comprehensive risk management framework outlined by ISO 31000.