We live in a time of increasingly complex and interconnected global risks. The first UN Global Risk Report shows that many of these risks – such as environmental degradation, disinformation and technological developments – have already triggered crises. It is particularly critical that many institutions, including multilateral organizations, are inadequately prepared. Five of the ten most important risks relate to the environment, which underlines their global urgency. The report emphasizes that only joint, transnational measures can effectively combat these risks. UN Secretary-General António Guterres emphasizes that no state or company can tackle these challenges alone – global cooperation is crucial for our common future.