The Impact Investing Advisory Board (IIAB) is an advisory body to the Luxembourg Sustainable Finance Initiative (LSFI). The IIAB acts as an independent think tank on impact investing matters. The LSFI is the Luxembourg National Partner of the GSG Impact network, and the IIAB acts as the Luxembourg National Partner’s Board of Directors.

The IIAB operates independently within the definition of its objectives, vision, and activities.

The IIAB has the expertise and is the key body covering impact investing matters within the LSFI.

Consistent with the LSFI mandate to raise awareness for sustainable finance and to facilitate the financial sector’s transition toward sustainable finance, the LSFI wants to promote the understanding of impact investing, the acceleration of impact investments, and the broadening of the ecosystem by increasing the participation of traditional and impact investing actors.

The establishment of the Impact Investment Advisory Board (IIAB) is instrumental in supporting the LSFI’s mission to accelerate the transition towards a more sustainable, equitable, and inclusive global economy. It furthermore allows coordinating and bolstering the impact investing ecosystem in Luxembourg.

The IIAB’s mission is to advance the development of a strong, credible, and well-connected impact investing ecosystem in Luxembourg. The IIAB works to:

• Convene experienced professionals to reinforce Luxembourg’s strategic leadership in impact investing.
• Serve as a platform for thematic knowledge-sharing and dialogue.
• Support the development and professionalisation of the impact investing market.
• Help address barriers related to data availability, transparency, and information-sharing on market practices and performance.
• Ensure alignment with international bodies.
• Ensure balanced representation of the pillars of the impact investing ecosystem.

Following a call for applications that ran from January to April 2024, the LSFI Board of Directors nominated the IIAB members, based on their expertise, experience, and commitment to advancing impact investing, while ensuring balanced representation of the pillars of the impact investing ecosystem as per the GSG Impact definition[1].

Designated members of the IIAB are appointed to a three-year term, commencing on the date of their appointment, with a commitment to fulfil the mandate for a minimum of one year.

[1] https://www.gsgimpact.org/impact/impact-economies/

In December 2024, under the guidance of the IIAB, the LSFI was appointed Luxembourg’s National Partner (NP) of the Global Steering Group for Impact Investment (GSG Impact).

This recognition integrates Luxembourg into a global network of countries advancing impact-driven finance and fostering systems-level change.

GSG Impact brings together National and Strategic Partners worldwide to collaborate on innovative financial solutions and policy frameworks that address global challenges. As Luxembourg’s NP, the LSFI and the IIAB work with leaders across business, finance, government, and civil society to strengthen the impact ecosystem within and beyond Luxembourg.