The 6-step climate risk assessment (CRA) methodology provides practitioners and decision-makers with a guidance on how to assess climate-related risks and how to translate the assessment into measures. Main characteristics of the methodology include the participation of all stakeholders, the assessment of hazards along the entire spectrum from slow onset processes to extreme weather events, the consideration of non-economic losses and damages as well as the focus on risk tolerance levels. It aims at identifying a smart mix of climate risk management measures, combining proven instruments from climate change adaptation and disaster risk management with innovative instruments to address residual risks which cannot be averted. As such, CRA can support evidence-based and risk-informed decision making and planning in the context of climate change.