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ABU DHABI / WAM
Abu Dhabi Fund for Development (ADFD) received the ISO 31000 – Risk Management certification from the British Standards Institute (BSI).
As the first financial institution in Abu Dhabi to obtain the accreditation, the ISO 31000 — Risk Management framework will help ADFD accelerate its efforts to achieve wider strategic objectives, and identify opportunities and threats well in advance to effectively allocate and use resources to mitigate risks.
The guideline principles include applying preventive risk management, enhancing confidence levels of stakeholders and partners, as well as boosting the effectiveness of responses to threats that have the potential to affect key ADFD operations including financial, strategic and credit risks.