Socio-ecological damage from climate-related disasters has increased worldwide, including a type of cold-season disaster (dzud) that is unique to the Eurasian steppes, notably Mongolia. During 2000-2014, dzuds killed approximately 30 million livestock and impacted the Mongolian socio-economy. The contributions of both natural and social processes to livestock mortality were not previously considered across Mongolia. Here, we consider the contribution of both multiple climate hazards (drought, cold temperatures and snow), and socioeconomic vulnerability (herders' livestock and coping-capacity) to mortality risk. We performed multi-regression analyses for each province using meteorological, livestock and socioeconomic datasets. Our results show that 93.5% of mortality within Mongolia was caused by a combination of multi-hazards (47.3%) and vulnerability (46.2%), suggesting dzuds were both climate- and man-made. However, in high-mortality hotspots, mortality was primarily caused by multi-hazards (drought-induced pasture deficiency and deep-snow). Livestock overpopulation and a lack of coping capacities that caused inadequate preparedness (e.g., hay/forage) were the main vulnerability factors. Frequent and severe multi-hazards greatly increased the mortality risk, while increased vulnerability caused by socioeconomic changes in Mongolia since the 1990s tended to amplify the effects of multi-hazards. Thus, reductions in herder vulnerability within high-mortality hotspots would likely be an effective means of mitigating the risk of future dzuds.