26 February 2023 - 14:48
  • News ID: 469585
Tondgouyan Petchem CO. Receives ISO31000:2018

TEHRAN (Shana) -- Based on the results announced by the audit group of the Iran Compliance Assessment and Monitoring Company and in the presence and supervision of the representatives of the group's risk management unit, Tondgouyan Petrochemical Company, as the first company from the Persian Gulf Petrochemical Industries Group, succeeded in establishing an integrated enterprise risk management (ERM) system.

According to Persian Gulf Petrochemical Industries Company (PGPIC), in line with the requirements announced by this group and the regulations of the Securities and Exchange Organization (Article 15 of the Corporate Governance Guidelines), Shahid Tondgouyan Petrochemical Company, in cooperation with the group's risk management, since the beginning of the current Iranian calendar year of 1401 which began on March 21 and based on the requirements of ISO31000:2018 standard and COSO model, as a pilot, designed and implemented the risk management system.

Last week, based on the verification of the evaluation results of a third-party reliable company (C.B.), Shahid Tondgouyan Petrochemical Plant succeeded in receiving the ISO31000:2018 certificate.

The result of cooperation between Shahid Tondgouyan Complex and the group's risk management led to the development of a native model that can be used and implemented in other companies of the group with the least changes and in the least time.

News ID 469585


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