The events in Ukraine have been a devastating reminder of the costs of conflict. Since Russia’s incursion in February 2022, millions have been forced to flee their homes; vast swathes of land have been left destroyed or unusable; and tragically, many thousands have been killed as a result of the violence.

The crisis has also reminded us how connected our world and its risks are. At a time when societies and economies have been dealing with the lingering effects of an unexpected global health crisis—and the quickly materializing impacts of global climate change—the events in Ukraine have added another layer of complexity to an already unpredictable risk landscape. What started as a regionally confined conflict has quickly morphed into an economic, societal and environmental crisis with truly global repercussions.