Udaipur : Hindustan Zinc, a Vedanta group company and India’s largest & only integrated producer of Zinc, Lead & Silver has earned ISO 31000:2018 certification for its Enterprise Risk Management System. With this certification, the company has entered an impressive list of businesses that adhere to the highest governance and control standards in the domain of enterprise risk management. The certification covers the company’s mines, mills, smelters, power plants and offices. The ISO certification is provided by Bureau Veritas Certification.
Enterprise Risk Management allows managers to shape the organization’s overall risk position by mandating certain business segments engage with or disengage from particular activities.Hindustan Zinc has established an enterprise risk management framework that enables the company to identify strategic, financial, and operational ESG risks. The ESG risks occupy a central place in the company’s assessment process as they can have a significant impact on the business model.Under Enterprise Risk Management (ERM) framework, Hindustan Zinc has established a robust Information Security Management Framework which includes Policies, Standard Operating Procedures (SOP), Technology Standards and has set up an effective Security Assessments & Audit process for prevention of cyber-attacks and strengthening the overall Information Security Posture of the company’s Technology Landscape.
This milestone illustrates Hindustan Zinc’s commitment to effectively managing risks towards business sustenance & sustainable development of the company. With this accreditation, the workers, contractors, business partners, and customers would gain trust in the effectives processes, strategies and operations of the company in mitigating various risks associated with business. On the business front, Hindustan Zinc has been a trendsetter, instituting a number of measures to monitor the operations remotely through WiFi enabled digital mines of the future. It has also infused technological advancement across its supply chain operations which are known for its innovation.
