The purpose of this paper is to serve as an informational document that captures the GP L&D’s understanding and state of the art regarding the topic of Climate Risk Management (in this document referred to as CRM) in the context of the global programme’s work. This concept paper is a supplement to the much shorter infosheet with the same title and provides in-depth information on the GP L&D’s understanding and operationalisation of CRM. The document is to inform GIZ colleagues so as to support the knowledge management and sustainability of the programme. It shall be used as a basis for common understanding, discussion, and further development of the CRM concepts, guidelines, and instruments developed by the GP L&D – in particular the CRM framework.