Disasters are often treated as isolated events—external shocks disrupting otherwise stable systems. In reality, they are processes that expose the underlying fragility of interconnected systems already under pressure. The oversimplified paradigm of risk assessment, which continues to view risk as the product of hazard, vulnerability, and exposure at a snapshot of time, space, and level, is critically inadequate.
Climate change does not create risk only; it amplifies and connects existing vulnerabilities across sectors, scales, and geographies.
We argue that while understanding systemic risk in complex systems has gained growing attention, less effort is often dedicated to understanding the system itself.
Systemic risk emerges from initial conditions, interdependencies, and feedback loops that are context-specific to the system’s typology, defined by its governing parts and function, components, and their relations.
We work to identify, anticipate, and manage compound, cascading, recursive, and systemic risks—strengthening the capacity of institutions and societies to operate under uncertainty, absorb shocks, and adapt or transform in the face of accelerating ecosphere disruptions and erosion of social capital.