The document discusses progress made over 25 years in disaster risk reduction, but less progress in managing risks. It notes that while disasters affect millions annually, other issues like disease affect even more. Climate change will further increase risks like rising sea levels. Transitioning from managing disasters to managing risks can help align agendas around disaster risk reduction, climate change, and sustainable development. Understanding risks fully requires assessing how factors like urbanization, inequality, and overconsumption drive underlying risk.