During the past two decades (prompted by concern for climate change as well as an increasing number of catastrophic collapses of large and small enterprises) there has been a move from reporting information regarding Financial Risk only, to reporting Economic Sustainability.
Undergoing an ISO conformity assessment process has a number of benefits for an organisation. Firstly, it provides consumers and other stakeholders with added confidence. Getting certified with one of ISO’s management system standards, such as ISO:9001:2015, is a way of showing outsiders that the organisation has an effective quality management system in place.
Today, intangible factors like trust and reputation contribute more to market capitalisation than net assets do. Simply put, shareholders are demanding that companies demonstrate good corporate governance.