ISO 37001
International standard for anti-bribery management systems
ISO 14064
International standard for GHG quantification, reporting, verification.
Quick Verdict
ISO 37001 builds anti-bribery systems to mitigate corruption risks globally, while ISO 14064 enables credible GHG emissions accounting and verification. Companies adopt ISO 37001 for legal defense and trust, ISO 14064 for climate compliance and decarbonization strategy.
ISO 37001
ISO 37001 Anti-bribery management systems
ISO 14064
ISO 14064 Greenhouse gases standards
Key Features
- Organizational GHG inventories with Scopes 1-3
- Project emission reductions and baselines quantification
- Validation and verification assurance processes
- Five core principles for credible accounting
- Boundary setting and uncertainty management
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
ISO 37001 Details
What It Is
ISO 37001 is the international certifiable standard for Anti-Bribery Management Systems (ABMS). It specifies requirements to prevent, detect, and respond to bribery risks. Applicable to all organizations, it uses a risk-based approach following the PDCA cycle across Clauses 4-10.
Key Components
- Leadership commitment, anti-bribery policy, compliance function.
- Bribery risk assessments, due diligence, financial/non-financial controls.
- Training, awareness, reporting, investigations.
- Monitoring, audits, management reviews, continual improvement. Built on Harmonized Structure (HS) for integration; optional third-party certification with audits.
Why Organizations Use It
Mitigates legal risks (e.g., FCPA, UK Bribery Act), reduces liability via evidence of reasonable steps. Builds stakeholder trust, cuts compliance costs up to 15%, enhances reputation. Drives operational efficiency, cultural change, market access.
Implementation Overview
Phased: gap analysis, risk assessment, control design, training, audits. Scalable for SMEs to multinationals, all sectors/geographies. Certification involves Stage 1/2 audits, 3-year cycle with surveillance. (178 words)
ISO 14064 Details
What It Is
ISO 14064 (Parts 1-3: 2018-2019) is an international standard family for greenhouse gas (GHG) quantification, reporting, and assurance. It specifies requirements for organizational inventories, project reductions, and verification, using a principle-based approach focused on boundaries, scopes, and data quality.
Key Components
- **Three modular partsISO 14064-1 (organizational inventories), ISO 14064-2 (projects), ISO 14064-3 (validation/verification).
- **Five core principlesrelevance, completeness, consistency, transparency, accuracy.
- Scopes 1-3 classification; no fixed controls, but auditable processes.
- Optional third-party assurance under ISO 14065.
Why Organizations Use It
- Meets regulatory demands (e.g., CSRD, SB-253); enables emissions trading.
- Mitigates greenwashing risks; supports decarbonization strategies.
- Builds investor confidence, supply-chain credibility.
- Drives operational efficiencies via hotspot identification.
Implementation Overview
- Phased: governance, boundaries, data collection, verification.
- Applies to all sizes/sectors globally.
- Involves training, software, audits; voluntary but assurance-recommended.
Key Differences
| Aspect | ISO 37001 | ISO 14064 |
|---|---|---|
| Scope | Anti-bribery management systems only | GHG emissions inventories and verification |
| Industry | All sectors, high-risk like extractives | All sectors, energy-intensive prioritized |
| Nature | Voluntary certifiable management standard | Voluntary GHG quantification standard |
| Testing | Annual certification audits, surveillance | Optional third-party validation/verification |
| Penalties | No legal penalties, certification loss | No legal penalties, reporting credibility loss |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about ISO 37001 and ISO 14064
ISO 37001 FAQ
ISO 14064 FAQ
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