This report published by the European Topic Centre on Climate Change Adaptation and LULUCF provides guidelines for the development of socioeconomic indicators to assess future exposure and vulnerability to future climate hazards and inform science-policy assessments. Current climate risk assessments primarily rely on static indicators or linear extrapolations, which do not fully capture dynamic socio-economic drivers like urbanization, aging, and income distribution with more qualitative variables relating to vulnerability. This report proposes integrating insights from Shared Socioeconomic Pathways (SSPs) to create scenario-based risk assessments that reflect future societal trends, making climate indicators more relevant for policy and planning.