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The frequency and intensity of natural hazards and extreme events has increased throughout the last century, resulting in adverse socioeconomic and ecological impacts worldwide. Key factors driving this increase include climate change, the growing world population, anthropogenic activities and ecosystem degradation. One ecologically focused approach that has shown potential towards the mitigation of these hazard events is the concept of nature's contributions to people (or NCP), which focuses on enhancing the material and non-material benefits of an ecosystem to reduce hazard vulnerability and enhance overall human well-being. Soils, in particular, have been identified as a key ecosystem component that may offer critical hazard regulating functionality. Thus, this review investigates the modulating role of soils in the regulation of natural hazards and extreme events, with a focus on floods, droughts, landslides and sand/dust storms, within the context of NCP. This article is part of the theme issue 'The role of soils in delivering Nature's Contributions to People'.