Climate change is increasing the magnitude, frequency, duration and severity of climate-related hazards. It has become a major driver of disaster losses and development achievement setbacks. Climate and disaster risks arise due to compounding and cascading hazards and impacts, leading to complex and interconnected adverse consequences for various ecological and human systems. At the same time, other underlying risk drivers such as poverty, demographic development, land degradation or conflicts are aggravating exposure and vulnerability to climate-related hazards. Therefore, risk assessment and management in the context of climate change requires a comprehensive, systemic perspective on risk and its underlying drivers due to the complex and partly systemic nature of climate related risks.