The “IMPACT LUXEMBOURG” label was created to enhance the visibility of Social impact companies (SIS) and to support their efforts in advancing the Social and Solidarity Economy (SSE).
In 2016, discussions regarding the establishment of a specific legal status for businesses in the social and solidarity economy led to the adoption of the law creating Social impact companies (SIS). A Social impact company (SIS) is aimed at any individual or legal entity, whether acting alone or in partnership, that seeks to establish a business committed to activities grounded in the principles of the social and solidarity economy.
Through the SIS approval, values such as solidarity, altruism, and non-profit orientation are supported, encouraged, and highlighted—not only as additional characteristics but as fundamental elements at the core of socially engaged companies.
When drafting the articles of association for a Social impact company (SIS), it is essential to consider the following:
The term SSE encompasses a range of structures based on common values and principles: social value, cooperation, and a local foundation tailored to the needs of each region and its residents. Activities within the SSE provide responses to social and societal needs by combining sustainable economic activities with positive social impacts. The stakeholders contribute to inclusive, intelligent, and sustainable growth, quality jobs, social cohesion, and local and regional development.
ULESS
ULESS aims to defend and promote the collective interests of the Social and Solidarity Economy sector in Luxembourg and the Greater Region. ULESS is the partner of the Ministry of Social and Solidarity Economy (MTEESS) for the management and awarding of the IMPACT LUXEMBOURG label. Contact us and give your societal commitment the visibility it deserves.
