Strengthening Business Resilience with ISO 22301:2019 Benchmark in CIGL

Capitalfield Investment Group Limited (CIGL) recently commemorated both its business anniversary and significant accomplishments over the past 20 years. As a leading financial services provider, the group appreciated its customers, partners, employees and other stakeholders for their support over the last two decades while promising a brighter future with more commitment to continuous growth and innovation. In the light of this, the Board has approved the strengthening of business resilience across the group while benchmarking its processes with an international standard – ISO 22301:2019 – for Business Continuity Management System (BCMS).

This standard provides a framework to plan, establish, implement, operate, monitor, review, maintain and continually improve a BCMS. It is expected to help organizations protect against, prepare for, respond to, and recover when disruptive incidents arise. Therefore, the mandate of the Board is to reappraise the Group’s business functions, processes and activities to ensure that they have ability to respond and adapt quickly to disruptions or significant, unplanned changes that could threaten operations, people, assets, brand, or reputation.

Having successfully navigated through the tides of business atmosphere in the past, it is pertinent to adopt the framework that will boost efforts toward sustainability in the face of rapidly changing IT, cyber threat, and regulatory environments. Achieving this strategic drive will mark a significant milestone in CIGL’s pursuit of operational excellence and set a new standard for industry best practices and international recognition in this regard.

The scope of the project involves CIGL and the following subsidiaries – Capitalfield Asset Management, Capitalfield Financial Management, Capitalfield Logic Vantage Limited, CIT Bureau De Change, Moneyfield Microfinance Bank and Capitalfield Energy Allied Services. Each of these companies in the group are expected to implement and embed the requirements of the standard, allowing for the automation of key Business Continuity functions, freeing staff to deploy a resilience culture within the organization, creating better understanding of business continuity and a more effective response.

The entire process will culminate into ISO 22301:2019 certification. To handhold the group through this process, CIGL has collaborated with a consortium of specialists in this area – Mitiget Assurance and Technology Services Limited (Mitiget) and Wealth Builders Investment and Advisory Services Limited (WealthBuilders).

” We are excited about the transformative impact this initiative will have on our organization. By adhering to ISO 22301 standards, we are proactively addressing potential risks and ensuring the continuity of our operations, even in the face of unforeseen disruptions. Our strategic collaboration with Mitiget and Wealthbuilders, and their expertise they bring will no doubt help us to do a good job of the mandate from our most esteemed Board.” said Mr. Raphael Lewu, the Group Managing Director and CEO of CIGL.

As CIGL progresses in ISO 22301:2019 implementation, transparency and communication regarding the process and benefits will be upheld, showcasing the company’s dedication to excellence and stakeholder value.