ISO/TS 31050:2023
Risk management — Guidelines for managing an emerging risk to enhance resilience
ISO/TS 31050:2023 is an ISO Technical Specification that provides guidance for managing emerging risk, meaning risks associated with new or changing circumstances where data, information and knowledge may be limited. It complements ISO 31000 and the risk-related thinking within certifiable standards such as ISO 22301:2019.
Why It Matters
Benefits of ISO/TS 31050:2023
ISO/TS 31050:2023 helps Australian organisations anticipate change, manage emerging risk deliberately, and build resilience. Emerging risks can create threats as well as opportunities, so changing conditions may also create beneficial outcomes.
Earlier Risk Awareness
Recognise risks while they are still forming, before their potential effects become significant.
Better Decisions Under Uncertainty
Make informed strategic choices even when data, information and knowledge about a risk are limited.
Stronger Organisational Resilience
Build the ability to anticipate, prepare for, respond to, recover from and adapt as conditions change.
Support Board-Level Risk Governance
Bring emerging risk onto the board and management agenda, supporting enterprise risk governance.
Aligned with Australian Governance Expectations
Emerging risk management supports the enterprise risk governance expected under APRA CPS 220 and the ASX Corporate Governance Principles.
Supports Certifiable Standards
Complements the risk-related requirements and management practices within certifiable standards such as ISO 22301:2019, ISO 9001:2015 and ISO/IEC 27001:2022.
What It Covers
What ISO/TS 31050:2023 Covers
ISO/TS 31050 applies the discipline of ISO 31000 to risks that are still emerging, adding guidance on reading weak signals early and preparing for uncertainty.
Industries
Who Benefits from ISO/TS 31050?
Any Australian organisation that faces uncertainty and significant risk governance responsibilities:
How UCS Can Help
Turning Resilience into Certification
ISO/TS 31050:2023 is not certified. UCS is an accredited certification body: for organisations seeking independent third-party certification, a possible next step is certification of their management system against an applicable certifiable standard, such as ISO 9001:2015, ISO 14001:2026, or ISO 45001:2018, subject to the relevant accreditation scope. UCS also offers certification against ISO 22301:2019 for business continuity. As a certification body, UCS does not design, implement or operate a client's management system. Below is the process UCS follows for the standards it certifies.
Application
Submit your application to begin the certification process.
Certification Agreement
A formal agreement is shared for your review and signature before the work begins.
Stage 1 Audit
An initial review of relevant documented information, certification scope, and readiness for the Stage 2 audit against the applicable standard.
Stage 1 Audit Report
A detailed report outlining findings, observations, areas of concern, and issues requiring attention will be shared with you.
Stage 2 Audit
An assessment of how effectively your management system is implemented and whether it conforms to the standard.
Final Report & Certification
A comprehensive report is issued and, once any nonconformities are addressed, certification is formally granted.
Nationwide Service
Serving Organisations Across Australia
UCS supports organisations managing emerging risk in every major Australian city and nationwide.
FAQ
ISO/TS 31050:2023 Common Questions
Answers to common questions about ISO/TS 31050:2023 emerging risk management in Australia.
What is ISO/TS 31050:2023?
ISO/TS 31050:2023, Risk management — Guidelines for managing an emerging risk to enhance resilience, is an ISO Technical Specification that provides guidance rather than auditable requirements. It helps organisations identify, assess, and respond to emerging risks, meaning risks associated with new or changing circumstances where data, information and knowledge may be limited. It complements ISO 31000 and focuses on emerging risk and organisational resilience.
Can you get certified to ISO/TS 31050:2023?
No. ISO/TS 31050 is a Technical Specification that provides guidance rather than auditable management system requirements, so organisations are not certified against it. For a related and certifiable goal, UCS offers certification against ISO 22301:2019 for business continuity.
How does ISO/TS 31050 relate to APRA CPS 220 and ASX governance?
Emerging risk management supports the enterprise risk governance expected of Australian organisations, including under APRA CPS 220 (Risk Management) and the ASX Corporate Governance Principles. ISO/TS 31050 is one recognised way to strengthen how emerging risk is anticipated and managed. Confirm any specific obligation with the relevant regulator or authority directly.
What is the difference between ISO/TS 31050 and ISO 31000?
ISO 31000 provides the general principles and process for managing risk across an organisation. ISO/TS 31050 applies that approach to emerging risk specifically, adding guidance on weak signals, uncertainty, and resilience. Neither ISO 31000 nor ISO/TS 31050 is intended as a certifiable management system standard; they are designed to work together.
Is ISO/TS 31050:2023 mandatory in Australia?
No. ISO/TS 31050 is voluntary guidance and is not itself a certifiable management system standard. Specific contractual or regulatory requirements should be confirmed with the relevant client, authority or regulator.
How much does it cost in Australia?
ISO/TS 31050 is not certified, so it carries no certification fee. For the certifiable standards that carry risk-based requirements, such as ISO 22301:2019, costs vary with organisation size, complexity, and audit scope. UCS provides transparent quotes within 3–4 hours, with no hidden fees.
Often Certified Together
Related Certifications
Many Australian businesses pair this standard with one of the certifications below.
Ready to Strengthen Your Resilience?
ISO/TS 31050:2023 is not certified. Contact our team for a free assessment and a quote for the certifiable standard that fits your scope.