The importance of Travel Risk Management
The topic of travel risk management has become increasingly important in recent years. Terrorist attacks, natural disasters, epidemics, but also medical emergencies, accidents, etc. require companies to deal with this topic in depth and to take appropriate, proactive measures.
The Business Travel News survey of February 2017 had already confirmed that for 65% of 229 buyers, travel managers and corporate safety & security managers surveyed, the importance of travel security and the associated travel risk management had risen sharply in recent years. Currently, travel security is one of the main criteria for travel approval.
While large international companies have been dealing with this topic for a long time and often have specialised tools in place, this is still in its infancy in some SMEs. Yet the costs associated with travel risk management are only rarely the biggest obstacle. According to the barometer of 982 travel, HR and procurement professionals surveyed in Europe, published by American Express Global Business Travel (GBT), the safety and satisfaction of travellers still comes before optimising travel costs.
New ISO Standard for Travel Risk Management
Meanwhile, the topic has been further elevated by a new global ISO standard published in September 2021. The ISO standard brings standardised guidance for organisations and companies on how travel risks should be managed.
ISO 31030:2021 Travel Risk Management – Guidance for organizations
As this topic affects all organisations and companies around the globe, regardless of country-specific legal requirements and risks, this ISO standardisation offers a great advantage as it can be used as a framework to protect the travelling workforce and the own company.
Read more about ISO 31030:2021 here
What is the situation in your company? Have you already taken measures? Do you already have a «travel security policy»? Our experts will be happy to help you analyse and optimise your current travel risk management strategy or set up a new one for your company.