ISO 37301:2021 Compliance Management System

Description of key elements:

In practice, ISO 37301:2021 is usually part of the ISO 37000 series of standards, and to obtain certification for ISO 37301 Conformity Management Systems, organizations typically follow ISO 37001. Both together cover compliance management and anti-bribery management.

1. Scope - ISO 37301 focuses on the establishment, implementation, maintenance, control and improvement of an effective compliance management system in the context of an organization's overall business risks.

2. Applicability - The requirements of ISO 37301 are applicable to all types of organizations regardless of their size, sector or nature. It can be used by organisations wishing to integrate compliance management into their overall management systems, most commonly with the ISO 37001 anti-bribery management system.

3. Compliance Management System - Implementing the ISO 37301 compliance management standard helps organisations to establish a systematic approach to compliance management and ensure that they meet legal and regulatory requirements.

4. Risk Management - principles also incorporate the ISO 37301 compliance management standard to help organizations identify, assess and mitigate risks associated with non-compliance or unethical practices.

5. Integration with other management systems - ISO 37301 is designed to be compatible and easily integrated with other management system standards such as ISO 9001 (quality management) and ISO 14001 (environmental management) and most notably ISO 37001 ( anti-bribery management system ).

• By certifying to the established ISO 37031:2021 standard, the organization demonstrates a commitment to quality, compliance and ethical practices on a global scale.
• By certifying to ISO 37001:2021, the organization demonstrates that it conducts its operations in compliance with legal and regulatory requirements in various industries and jurisdictions, helping the organization avoid legal issues and penalties.
• With ISO 373001:2021 certification, the organization declares good governance, accountability and transparency. It can enjoy a better reputation and greater stakeholder trust.