ISO/TC 207 alignment with other ISO technical committees

TC 207 coordination with other ISO technical committees is a key strategy for creating positive synergies and actionable outcomes. While there are numerous opportunities for alignment throughout the entire ISO family, five ISO technical committees are central to the holistic, integrative mandate of TC 207:

  • TC 323 Circular economy
  • TC 322 Sustainable finance
  • TC 279 Innovation management
  • TC 262 Risk management
  • TC 309 Governance of organizations.

ISO/TC 323 Circular economy

The scope of TC 323 encompasses standardization involving the Circular Economy focused on the development of frameworks, guidance, supporting tools, and requirements for the implementation of activities of all involved organizations to maximize Sustainable Development.

ISO TC 323 works in cooperation with existing committees on subjects that support the objectives of a Circular Economy. Standards and/or projects under the responsibility of ISO/TC 323 Secretariat are:

  • ISO/DIS 59004 Circular Economy – Terminology, Principles and Guidance for Implementation
  • ISO/DIS 59010 Circular Economy ― Guidance on the transition of business models and value networks
  • ISO/DIS 59020 Circular economy — Measuring and assessing circularity
  • ISO/CD TR 59031 Circular economy – Performance-based approach – Analysis of cases studies
  • ISO/CD TR 59032.2 Circular economy - Review of business model implementation
  • ISO/CD 59040 Circular Economy — Product Circularity Data Sheet

ISO/TC 322 Sustainable finance

ISO/TC 322 is the technical committee responsible for the development of ISO standards relating to sustainable finance. Sustainable finance is considered by ISO/TC 322 to mean financing, as well as related institutional and market arrangements, that support progress to achieving the United Nations (UN) Sustainable Development Goals (SDGs) and addressing climate change.

The Committee’s scope encompasses standardization in the field of sustainable finance to integrate sustainability considerations including environmental, social and governance practices in the financing of economic activities. TC 322 Sustainable finance has close cooperation with TC 68 in the field of financial services, TC 207 in the field of environmental management, TC 251 in the field of asset management and TC 309 in the field of governance of organizations.

Stakeholders involved in the field of sustainable finance include all those participating in any location(s) in the financial ecosystem from both the supply and demand sides of the financial market. The TC 322 work program covers three sets of standardization activities:

  • Principles and framework standards (such as ISO 32210) applicable to the whole financial system to set out high-level principles for sustainable finance to guide the operations of financial institutions, and frameworks to give a structure and context for the development and role of specific standards, whether developed by ISO or the wide range of other industry bodies who are involved in such activities.
  • Technical standards that contribute to sustainable finance taxonomies, impact assessment requirements, disclosure requirements including covenants, verification, and stewardship, for each of the major financial products including green, social and sustainable loans, bonds, funds, derivatives, insurance, private equity, and listed stocks. This work is being designed to fill gaps and contribute to the production of consistent methodologies as standardization matures across the field of sustainable finance.
  • Harmonizing understanding and language enabling member countries to finance delivery of the UN SDGs at faster pace, lower cost and reduced risk, whilst exposing financial organizations to the value of the international standardization process.

ISO/TC 279 Innovation management  

The scope of ISO/TC 279 is "Standardization of terminology, tools, methods and interactions between relevant parties to enable innovation". Standards on innovation management allow organizations to share their best practices in innovation management. This facilitates collaboration and the development of capacity to innovate and to bring innovations successfully to market.

Standards published are part of the ISO 56000 series (formerly 50500). These standards provide a set of best practices beginning with the leadership of top management. This approach is intended to support innovation in organizations whatever the origin, type, or size.

Benefits include:

  • Enhanced competitiveness, increased business, and new market opportunities
  • Reduced time to market and reduced trade barriers through standard tools, effective partnerships, collaboration, and communication on a global scale
  • Increased ability to take decisions (e.g., test and try, fail fast, take reasonable risks) when facing global challenges
  • Improved organizational efficiency and guidance on fulfilling unmet customer needs, while ensuring return on investment
  • Open‐mindedness in accepting new business models and growth of an innovation culture incorporating social responsibility
  • Shared globally accepted ‘common language’ and good practices in innovation management.

ISO/TC 262 Risk management

ISO/TC 262 ‘Risk Management’ develops international standards to support organizations in decisions to manage and minimize the effects of accidents, disasters, and technical system faults, as well as response and recovery from major disruptive risks. This technical committee aims to create a logical and consistent family of standards that provides guidance based on market needs.

ISO/TC 262 is responsible for the following standards:

  • ISO 31000 -- Risk management – Guidelines -- A practical guide
  • IEC 31010 -- Risk management -- Risk assessment techniques
  • ISO 31022 -- Risk management -- Guidelines for the management of legal risk
  • ISO 31030 -- Managing travel risks -- Guidance for organizations
  • ISO 31050 -- Guidance for managing emerging risks to enhance resilience
  • ISO 31073 -- Risk management -- Vocabulary

In addition to these standards TC 262 is continuously reviewing new areas where standards can support organizations.

ISO/TC 309 Governance of organizations

ISO/TC 309 Governance of Organizations was established in 2016 to address "standardization in the field of governance relating to aspects of direction, control and accountability of organizations". There is growing recognition that “governance” is distinct from “management”. ISO/TC 309 produces standards relating to governance and what good governance of organizations should look like. This includes organizational tools for whistleblowing, compliance management, anti-bribery, and efficiency measurement. TC309 has responsibility for the following standards:

  • ISO 37000 Governance of organizations - Guidance
  • ISO 37301 Compliance Management Systems
  • ISO 37001 Anti-bribery Management Systems
  • ISO 37002 Whistleblowing Management Systems
  • ISO 37004 Governance maturity model
  • ISO 37005 Selecting, Creating and Using Indicators
  • ISO 37006 Indicators of Effective Organizational Governance: Guidance
  • ISO 37007 Guidelines for Efficiency Measurement
  • ISO 37008 Internal Investigations of Organizations: Guidance
  • ISO 37009 Conflicts of interest - Guidelines

TC 309 membership reflects the growing interest in governance as a distinct discipline. A number of key external liaison organizations are involved in the work of TC 309, including ACCA, EBRD, ecoDa, FIEC, IFC, ISACA, OECD and the CQI. Note that a separate committee, ISO/IEC JTC 1/SC 40 has responsibility for standards relating to IT governance.

Other ISO TCs addressing management, finance, and sustainability

In addition to TC 323 Circular economy, TC 322 Sustainable finance, TC 279 Innovation management, TC 262 Risk management, and TC 309 Governance of organizations, there are other opportunities for ISO/TC 207 Environmental management to collaborate with the following technical committees:

Management systems:

  • ISO/PC 250 Sustainability in event management
  • ISO/TC 286 Collaborative business relationship management
  • ISO/TC 289 Brand evaluation
  • ISO/TC 290 Online reputation
  • ISO/TC 292 Security and resilience
  • ISO/PC 329 Consumer incident investigation guideline
  • ISO/TC 342 Management consultancy
  • ISO/PC 343 Management system for UN Sustainable development goals

Finance, investment, sustainable economy:

  • ISO/TC 68 Financial services
  • ISO/TC 307 Blockchain and distributed ledger technologies
  • ISO/TC 324 Sharing economy

Global resilience – Translating goals into action

ISO/TC 207 is well-positioned to collaborate with other ISO technical committees that are active in addressing global resilience across the Earth's subsystems - Lithosphere (land), Hydrosphere (water), Biosphere (living things), Atmosphere (air).

Water (Hydrosphere)

The following ISO technical committees are significant for TC 207:

  • ISO/TC 113 Hydrometry
  • ISO/TC 147 Water quality
  • ISO/TC 224 Drinking water, wastewater and stormwater systems and services
  • ISO/TC 275 Sludge recovery, recycling, treatment and disposal
  • ISO/TC 281 Fine bubble technology
  • ISO/TC 282 Water reuse

In addition, two related project committees warrant further exploration:

  • ISO/PC 305 Sustainable non-sewered sanitation systems 
  • ISO/PC 316 Water efficient products – Rating

Air (Atmosphere)

The following ISO technical committees are significant for TC 207:

  • ISO/TC 142 Cleaning equipment for air and other gases
  • ISO/TC 146 Air quality

Land (Lithosphere)

This essential sub-system is examined as part of the sectoral review under “Sector priorities” on the page “CTII Areas for ongoing and future development”.

Living things (Biosphere)

The following ISO technical committees are significant for TC 207:

  • ISO/TC 276 Biotechnology
  • ISO/TC 331 Biodiversity
  • ISO/TC 266