Fragile and conflict-affected situations, environmental degradation, and natural disasters are on the rise and threaten to reverse development gains. In the past decade, violent civil conflicts have tripled and the number of people living in proximity to conflict has nearly doubled, with forced displacement at a record high. The World Bank Group Strategy for Fragility, Conflict and Violence 2020–2025 marks a shift in the World Bank’s work in fragile and conflict situations, as it adopts a more holistic approach to prevention. This report seeks to build a strong narrative on the need for the World Bank Group to engage and invest in environment, natural resource management, and climate change resilience in FCV-affected situations. It further aims at facilitating the integration of a conflict-sensitive lens into World Bank operations and programs addressing natural resource degradation and climate change.