ISO/TC 262 Risk management is a technical committee of the International Organization for Standardization established originally in 2011 as Project Committee and converted in August 2012 into a full Technical Committee (TC) to develop standards in the area of risk management. It has 55 Participating Countries and 18 Observing Countries. The scope of ISO/TC 262 is »Standardization in the field of risk management«. Risks affecting organizations can have consequences in terms of economic performance and professional reputation, as well as environmental, safety and societal outcomes. Therefore, managing risk effectively helps organizations to perform well in an environment full of uncertainty. Earlier safety oriented risk management has today been developed into a comprehensive management approach to maximize opportunities and minimize threats. Contemporary management of risk ensures survival and sustainability in all activities concerning decision making at all levels of any organization. Therefore, effective and efficient risk management today is closely linked to business continuity management and to compliance management. Attitudes to risk still vary substantially around the world but 57 National Standards Organizations have adopted ISO 31000 as their national Standard for the management of risk.