Abu Dhabi Development Company has received the ISO 31000 International Corporate Risk Management Award

 29-07-2019 Abu Dhabi
Abu Dhabi Fund for Development (ADFD) has received the ISO / 31000 certificate from the British Institute for Standardization and Metrology (BSI).
ISO / 31000 / ISM helps with corporate risk management through its principles and guidelines for risk analysis, valuation and management. The risk management framework has been developed in the Fund based on best practices and standards to address risks in a systematic, measurable and efficient manner that effectively and efficiently In order to ensure the achievement of its strategic objectives.
The implementation of the ISO 31000 standards contributes to the improvement of the operational efficiency of the Fund through the application of preventive management, as well as the use of a risk management policy that enhances the confidence of customers and partners, improves the performance of the management system, increases its flexibility and increases the ability to respond effectively to threats that may affect the operation of key processes such as risks Finance, credit and strategy.
“Abu Dhabi Fund for Development is pleased to be the first government financial institution in Abu Dhabi to receive the ISO 31000 certificate issued by the British Institute for International Standardization and Metrology. In accordance with the highest standards of risk management and avoidance.
He added that Abu Dhabi Fund for Development seeks to achieve excellence and consolidate the concept of quality, strategy and innovation by adopting international best practices and standards with strong internal controls and adoption of international quality programs to improve the performance of the Fund. The implementation of the ISO 31000 standards will improve the performance of the institution and work on building a system Strong capable of making appropriate decisions to achieve strategic objectives.
The Abu Dhabi Fund for Development (ADFD) implements a risk management system for all its core businesses in terms of loan, grant and investment management.