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Travel Risk Management. Guidance for Organisations BS ISO 31030:2021

This British Standard gives guidance on how to manage the risks to an organisation and its travellers undertaking business travel. It aims to promote a culture where travel-related risk is taken seriously, resourced adequately, and managed effectively.

The Standard does not apply to tourism and leisure-related travel, except in relation to travellers travelling on behalf of the organisation.

It is aimed at any type or size of organisation in any sector, including but not limited to:

  • commercial organisations

  • charitable and not-for-profit organisations

  • governmental organisations

  • non-governmental organisations

  • educational organisations.

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.

BS ISO 31030:2021 sets out 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.

BSI point out that this is the only international standard covering this topic and could be particularly important to organisations as they review their travel risk given the COVID-19 pandemic. This standard can help organisations 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 organisations the confidence to take opportunities they would otherwise miss.

  • Develop expertise in travel management.

  • Operate more efficiently and grow sustainably.

It is available here.

British Standards Institute September 2021


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