This World Bank knowledge note describes a benchmarking method developed to track the progress of Pacific Island Countries toward sustainable flood risk management. Twelve benchmarks (or "tracking tools") cover most aspects of a flood risk management process including understanding of flood risks, evaluating options to better manage the risk, and implementing an integrated flood risk master plan. The method was used to assess current urban FRM practices in Fiji, Samoa, the Solomon Islands, and Vanuatu, helping to identify gaps in current practice and highlight priorities for advancing flood risk management practice.