ISC-UNDRR-RISK KAN Briefing note on systemic risk

This Briefing Note represents an integrated perspective of climate, environmental and disaster risk science and practice regarding systemic risk. It provides an overview of the concepts of systemic risk that have evolved over time and identifies commonalities across terminologies and perspectives associated with systemic risk used in different contexts. Key attributes of systemic risk are outlined without prescribing a single definition, and information and data requirements that are essential for a better and more actionable understanding of the systemic nature of risk are discussed. Finally, the opportunities to connect research and policy for addressing systemic risk are highlighted, followed by recommendations for future work in science, policy and practice on systemic risk. The Briefing Note is based on insights and knowledge gained from an expert workshop, literature review and expert elicitation.