Mansarovar Energy received recognition from Icontec for its work in risk management

Good risk management was demonstrated in response to the El Niño phenomenon.

Mansarovar Energy was recognized by Icontec International for its consistency in the execution and outcome of the audit under the ISO31000 standard. This means that, according to the organization, the oil company has “an effective risk management, which guarantees the correct organization, planning, and strategy of the objective of being a certified world-class operator and benchmark.”.
This good management can be identified in figures, as that level of maturity of 98% in its risk management system translates into a savings for the oil company of US$2.7 million against effects caused by the El Niño Phenomenon.

“Risk management is part of our culture, it allows us to make informed decisions and be proactive,” said the executive vice president of Corporate Affairs of Mansarovar, Carlos Benavides.

Since 2015, Mansarovar Energy has been working on the implementation of a results-oriented policy including training for different levels and processes of participation in the key processes of the value chain.

The commercial director of Icontec, Leonardo Fuquen, said that “this is a recognition that improves the company's image before its stakeholders, as it evidences a correct risk management in its organizational structure.”.

Laura Lucía Becerra Elejalde – lbecerra@larepublica.com.co