This report presents the Institute’s activities for the period January through December 2012, including research, consultative and advisory work, communications and outreach activities and events. It is supplemented by an Administrative and Financial Report. The current reporting period marks the mid-point of UNRISD’s institutional strategy, with the year seeing the consolidation and implementation of activities initiated within a results-based management framework. Significant progress can be observed particularly in relation to communications and outreach activities, with enhanced visibility of UNRISD work through various media. A Mid-Term Review, undertaken in the final quarter of 2012, complimented UNRISD for progress in this area, as well as noting achievements in relation to tracking results, and to maintaining the level and quality of research outputs despite a continued challenging financial situation.