Global Future Council on Complex Risks: Saif Al-Dhaheri (UAE National Emergency and Crisis Management Authority); Nayef Al-Rodhan (Oxford University); Antonius Alijoyo (Center for Risk Management and Sustainability); Abdullahi Alim (International Chamber of Commerce); Azeem Azhar (Exponential View); Alta Charo (University of Wisconsin); Lisa Donahue (AlixPartners); Peter Engelke (Atlantic Council); Roya Ensafi (University of Michigan); Florence Gaub (NATO Defense College); Maha Hosain Aziz (New York University); Vikram Mansharamani (Independent Thinker); Nasser bin Nasser (Ambit Advisory); Mwanda Phiri (Charter Cities Institute); Frida Polli (Alethia); Maxime Stauffer (Simon Institute for Longterm Governance); Araz Taeihagh (National University of Singapore); Jessica Tan (Sunlife); Anna Tunkel (Sustainable Impact LLC); Ngaire Woods (University of Oxford); and Ya-Qin Zhang (Tsinghua University). This report has relied on the expertise of our colleagues who provided inputs: Thom Almeida; Maria Alonso; Minos Bantourakis; Armita Behboodi; Shyam Bishen; Matthew Blake; Sebastian Buckup; Morgan Booher; Agustina Callegari; Aengus Collins; Nicole Cowell; Attilio Di Battista; Daniel Dobrygowski; Sean Doherty; Sean Doyle; Mirek Dušek; Sam Grayling; Philipp Grosskurth; Annika Green; Sriram Gutta; Susanne Helmsley; Audrey Helstroffer; Ximena Játiva; Akshay Joshi; Jeremy Jurgens; Christian Kaufholz; Kateryna Karunska; Ariel Kastner; Akanksha Khatri; Aoife Kirk; Connie Kuang; Benjamin Larsen; Till Leopold; Cathy Li; Tobias Lindström Battle; Leandro Loss; Jessica Margolis; Sriharsha Masabathula; Eleni Michalopoulou; Braulio Eduardo Morera; Haleh Nazeri; Kelly Ommundsen; Kim Piaget; Drew Propson; Jahanara Rahemtulla; Don Rodney Junio; Jean-Philippe Salcedo; Miriam Schive; Clemence Schmid; Shuvasish Sharma; Brynne Stanton; Sheikh Tanjeb Islam; Kesang Tashi Ukyab; Matthew Watkins; Roddy Weller; and Katie Young. In addition to those mentioned above, we extend our thanks to the following colleagues: Charlotte Beale; Sakshi Bhatnagar; Anna Bruce-Lockhart; Harry Gray Calvo; Eoin Ó Cathasaigh; Beatrice Di Caro; Kateryna Gordiychuk; Rasha Hasbini; Stephanie Holmes; Jamie Mathew John; Sybile Penhirin; Robin Pomeroy; Emily Poyser; Anais Rassat; Julia Rignot; Kirsten Salyer; Marie Vilon; and Yann Zopf. We extend our thanks to the Institute of Risk Management (Carol Ouko-Misiko and Victoria Robinson), the Institute of Risk Management India (Hersh Shah), Oxfam (Amitabh Behar), Heiko von der Gracht, and Ostap Lutsyshyn for support with the GRPS. Design and Production: Thank you to all those involved in the design and production of this year’s report and related assets: Luca Bottani, Davide Bruno, Francesco Cordola, Mike Fisher, Floris Landi, Pietro Guinea Montalvo, Jean- Philippe Stanway and Alessandro Zotta. We would also like to thank Salesforce (Justine Mosca tello and Campbell Powers) and Lovelytics for the desi gn of the interactive glob al risks data visualization. Cover image: Albert Badia Costa Global Risks Report 2025 104