LRQA ISO Standards Update: ISO study demonstrates economic benefits of management systems standards

The September/October edition of ISO Focus contains an article that demonstrates the economic benefits of management systems standards. The International Organization for Standardization (ISO) and its members have conducted a long-term study covering around 30 organizations and one whole industry sector to investigate how standards are used and what savings have been made. All of the organizations involved saw benefits from using management systems standards, usually between 0.15% and 5% of annual revenues.

LRQA’s System and Governance Manager, Steve Williams, who is a member of the ISO Technical Committee responsible for the revisions to ISO 14001(environmental) and ISO 45001 (occupational health and safety), commented that “certification to the revised ISO standards will give organizations assurance that their organization’s systems are fit for purpose for the future.” As the revisions to the ISO 9001 (quality) and ISO 14001 will create a stronger link between an organization’s management systems, strategy, and performance, it is likely that management systems standards and certification will continue to deliver economic benefits for a long time to come.

Read the full article here

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