In 2016, reflections on establishing a specific legal status for companies that support the social and solidarity economy led to the adoption of a 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 of solidarity, altruism, and non-profit orientation are supported, encouraged, and showcased—not as secondary features but as core values of socially committed companies.
Focus on IMPACT LUXEMBOURG certified companies