LSFI Appointed National Partner for GSG Impact

On Thursday 12 December 2024, the Luxembourg Sustainable Finance Initiative (LSFI), under the guidance of its Impact Investing Advisory Board (IIAB), announced its appointment as Luxembourg's National Partner (NP) of the Global Steering Group for Impact Investment (GSG Impact).

This collaboration is reported to position Luxembourg at the forefront of advancing Impact Investing.

According to LSFI, GSG Impact unites National and Strategic Partners worldwide, fostering collaboration to develop innovative financial solutions and policies that address pressing global challenges. As Luxembourg's NP, the LSFI and the IIAB will work closely with leaders from business, finance, government and the non-profit sector to build a robust impact ecosystem in Luxembourg and beyond.

The company added that Luxembourg, as a leading international financial hub, has a unique opportunity to advance sustainable finance and Impact Investing. To capitalise on this, the LSFI established the Impact Investing Advisory Board (IIAB) in the first quarter of 2024. The IIAB comprises experts from the financial sector. Its mission is to invite and engage with the Luxembourg financial sector to inspire, guide, influence and mobilise it for Impact Investing that contributes to the well-being of people and the planet. Through the partnership with GSG Impact, Luxembourg and the IIAB aim to share their expertise while also learning from international peers.

Nicoletta Centofanti, CEO of the LSFI, remarked: "In recent years, significant progress has been made in sustainable finance at both the market and regulatory levels. However, we must go further by deepening our understanding of the impact of these efforts and accelerating the development of Impact Investing. Joining GSG Impact allows us to foster this growth in Luxembourg while exchanging knowledge and best practices with a global community and represent Luxembourg's efforts internationally."

Gunter Fischer, Chair of the IIAB, added: "GSG Impact is an international community of partners focussed on Impact Investing. Being a member of this community will allow us to build on available resources and knowledge and to raise Luxembourg's flag and share our views and input. This will help to further boost the IIAB's mission to inspire, influence and mobilise Luxembourg's financial sector for Impact Investing."

The Luxembourg Sustainable Finance Initiative (LSFI) is Luxembourg's coordinating entity on sustainable finance. It is a public-private partnership that supports the transition of the financial sector towards sustainable finance.

The Global Steering Group for Impact Investment (GSG) is a global community working toward creating impact economies that benefit people and the planet. Its National Partners develop and implement national strategies to drive positive social, environmental and economic outcomes.