SOCAR – Turkey – International Best Practice Competition – 2025 (Strategic Risk Management Modelling and Assumptions in GRC Tool)
This best practice from SOCAR Türkiye is the development and integration of a scenario-based strategic target risk management model into the company's enterprise GRC (Governance, Risk and Compliance) platform. Designed entirely in-house, this managerial practice supports dynamic and forward-looking decision-making by connecting strategic targets with risk data in a structured, system-driven way.
The implementation of this system has positively impacted more than 60 internal stakeholders, inclu
BPIR Categories
2.1.9 Assessment of the internal/external environment
2.5.4 Identify and manage risks
8.1.3 Develop and administer governance system
14.1.1 Design & deploy performance measurement system
14.3.8 Digital Transformation