This report provides an account of the first six months of a new initiative by Young Global Leaders of the World Economic Forum (WEF) from India and Pakistan to address shared risks and improve co-operation. Begun in late-2010, in response to the catastrophic floods that had struck Pakistan, the initiative was formally launched at a conference at LUMS in Lahore, Pakistan, in July 2011. Given its origins of concern at the humanitarian consequences of the floods of July 2010, the initiative began with a focus on underlying issues of climate change, water resource and disaster risk management