This report builds upon a growing body of research exploring the implications of climate change for communities of color. Using a focused analysis of riverine flood risk, our findings illustrate how communities of color are disproportionately affected by riverine flooding events and how the impact is magnified because of these communities’ greater vulnerability and weaker resilience. Based on our methodology and conclusions, we recommend several steps that can support more racially equitable outcomes from a riverine flood event, including the Federal Emergency Management Agency’s adoption of a more inclusive definition and forward-looking assessment approach for riverine flooding risk, normalization of the expected annual loss attributable to a climate event by scaling the total replacement value, and incorporation of social vulnerability and community resilience measures into composite risk metrics. More broadly, we recommend that continued attention be paid to racial equity within overarching environmental, social, and governance frameworks.