Risk management has reduced vulnerability to floods and droughts globally^1,2, yet their impacts are still increasing³. An improved understanding of the causes of changing impacts is therefore needed, but has been hampered by a lack of empirical data^4,5. On the basis of a global dataset of 45 pairs of events that occurred within the same area, we show that risk management generally reduces the impacts of floods and droughts but faces difficulties in reducing the impacts of unprecedented events of a magnitude not previously experienced. If the second event was much more hazardous than the first, its impact was almost always higher. This is because management was not designed to deal with such extreme events: for example, they exceeded the design levels of levees and reservoirs. In two success stories, the impact of the second, more hazardous, event was lower, as a result of improved risk management governance and high investment in integrated management. The observed difficulty of managing unprecedented events is alarming, given that more extreme hydrological events are projected owing to climate change³.

The Sustainable Development Goals (SDGs) of the United Nations Agenda 2030 represent an ambitious blueprint to reduce inequalities globally and achieve a sustainable future for all mankind. Meeting the SDGs for water requires an integrated approach to managing and allocating water resources, by involving all actors and stakeholders, and considering how water resources link different sectors of society. To date, water management practice is dominated by technocratic, scenario‐based approaches that may work well in the short term but can result in unintended consequences in the long term due to limited accounting of dynamic feedbacks between the natural, technical, and social dimensions of human‐water systems. The discipline of sociohydrology has an important role to play in informing policy by developing a generalizable understanding of phenomena that arise from interactions between water and human systems. To explain these phenomena, sociohydrology must address several scientific challenges to strengthen the field and broaden its scope. These include engagement with social scientists to accommodate social heterogeneity, power relations, trust, cultural beliefs, and cognitive biases, which strongly influence the way in which people alter, and adapt to, changing hydrological regimes. It also requires development of new methods to formulate and test alternative hypotheses for the explanation of emergent phenomena generated by feedbacks between water and society. Advancing sociohydrology in these ways therefore represents a major contribution toward meeting the targets set by the SDGs, the societal grand challenge of our time.

Terrestrial hydrology is central to the Arctic system and its freshwater circulation. Water transport and water constituents vary, however, across a very diverse geography. In this paper, which is a component of the Arctic Freshwater Synthesis, we review the central freshwater processes in the terrestrial Arctic drainage and how they function and change across seven hydrophysiographical regions (Arctic tundra, boreal plains, shield, mountains, grasslands, glaciers/ice caps, and wetlands). We also highlight links between terrestrial hydrology and other components of the Arctic freshwater system. In terms of key processes, snow cover extent and duration is generally decreasing on a pan‐Arctic scale, but snow depth is likely to increase in the Arctic tundra. Evapotranspiration will likely increase overall, but as it is coupled to shifts in landscape characteristics, regional changes are uncertain and may vary over time. Streamflow will generally increase with increasing precipitation, but high and low flows may decrease in some regions. Continued permafrost thaw will trigger hydrological change in multiple ways, particularly through increasing connectivity between groundwater and surface water and changing water storage in lakes and soils, which will influence exchange of moisture with the atmosphere. Other effects of hydrological change include increased risks to infrastructure and water resource planning, ecosystem shifts, and growing flows of water, nutrients, sediment, and carbon to the ocean. Coordinated efforts in monitoring, modeling, and processing studies at various scales are required to improve the understanding of change, in particular at the interfaces between hydrology, atmosphere, ecology, resources, and oceans.

As flood impacts are increasing in large parts of the world, understanding the primary drivers of changes in risk is essential for effective adaptation. To gain more knowledge on the basis of empirical case studies, we analyze eight paired floods, that is, consecutive flood events that occurred in the same region, with the second flood causing significantly lower damage. These success stories of risk reduction were selected across different socioeconomic and hydro‐climatic contexts. The potential of societies to adapt is uncovered by describing triggered societal changes, as well as formal measures and spontaneous processes that reduced flood risk. This novel approach has the potential to build the basis for an international data collection and analysis effort to better understand and attribute changes in risk due to hydrological extremes in the framework of the IAHSs Panta Rhei initiative. Across all case studies, we find that lower damage caused by the second event was mainly due to significant reductions in vulnerability, for example, via raised risk awareness, preparedness, and improvements of organizational emergency management. Thus, vulnerability reduction plays an essential role for successful adaptation. Our work shows that there is a high potential to adapt, but there remains the challenge to stimulate measures that reduce vulnerability and risk in periods in which extreme events do not occur.