{"id":20120,"date":"2025-05-05T09:36:04","date_gmt":"2025-05-05T07:36:04","guid":{"rendered":"https:\/\/lsfi.lu\/?page_id=20120"},"modified":"2026-03-24T12:34:01","modified_gmt":"2026-03-24T11:34:01","slug":"impact-investing-definition","status":"publish","type":"page","link":"https:\/\/lsfi.lu\/de\/impact-investing-definition\/","title":{"rendered":"Impact Investing Definition \u2013 IIAB Proposal"},"content":{"rendered":"[vc_row type=&#8220;full_width_background&#8220; full_screen_row_position=&#8220;middle&#8220; column_margin=&#8220;default&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; bg_color=&#8220;#ffffff&#8220; bg_image=&#8220;23414&#8243; bg_position=&#8220;center center&#8220; background_image_loading=&#8220;default&#8220; bg_repeat=&#8220;no-repeat&#8220; scene_position=&#8220;center&#8220; top_padding=&#8220;14%&#8220; bottom_padding=&#8220;12%&#8220; text_color=&#8220;light&#8220; text_align=&#8220;left&#8220; 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background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; column_position=&#8220;default&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;1\/1&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220;][vc_custom_heading text=&#8220;LSFI Impact Investing Advisory Board (IIAB)&#8220; font_container=&#8220;tag:p|text_align:left&#8220; use_theme_fonts=&#8220;yes&#8220; css=&#8220;&#8220;][vc_row_inner equal_height=&#8220;yes&#8220; content_placement=&#8220;middle&#8220; column_margin=&#8220;default&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; text_align=&#8220;left&#8220; row_position=&#8220;default&#8220; row_position_tablet=&#8220;inherit&#8220; row_position_phone=&#8220;inherit&#8220; overflow=&#8220;visible&#8220; pointer_events=&#8220;all&#8220;][vc_column_inner column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; overflow=&#8220;visible&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;1\/1&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; enable_animation=&#8220;true&#8220; animation=&#8220;reveal-from-bottom&#8220; animation_easing=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220; offset=&#8220;vc_col-lg-6 vc_col-md-6 vc_col-xs-12&#8243;][vc_column_text css=&#8220;&#8220; text_direction=&#8220;default&#8220;]\n<h2><strong>Luxemburg Impact Investing Definition\u00a0<\/strong><\/h2>\n<h3><\/h3>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=&#8220;in_container&#8220; full_screen_row_position=&#8220;middle&#8220; column_margin=&#8220;default&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; bg_color=&#8220;#ffffff&#8220; scene_position=&#8220;center&#8220; bottom_padding=&#8220;5%&#8220; text_color=&#8220;dark&#8220; text_align=&#8220;left&#8220; row_border_radius=&#8220;none&#8220; row_border_radius_applies=&#8220;bg&#8220; overflow=&#8220;visible&#8220; overlay_strength=&#8220;1&#8243; gradient_direction=&#8220;left_to_right&#8220; shape_divider_position=&#8220;bottom&#8220; bg_image_animation=&#8220;none&#8220; shape_type=&#8220;&#8220;][vc_column column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; column_position=&#8220;default&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;1\/1&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220;][divider line_type=&#8220;No Line&#8220; custom_height=&#8220;40&#8243;][vc_column_text css=&#8220;&#8220; text_direction=&#8220;default&#8220;]\n<p lang=\"de-CH\">Das LSFI Impact Investing Advisory Board (IIAB) hat eine Definition f\u00fcr Impact Investing erarbeitet, die auf das luxemburgische Finanz\u00f6kosystem zugeschnitten ist. Ziel ist es, eine <strong><span style=\"color: #003366;\">klare, umsetzbare und global abgestimmte Definition<\/span><\/strong> bereitzustellen, die ein gemeinsames Verst\u00e4ndnis auf dem gesamten Markt f\u00f6rdert. Auf dieser Seite wird die Definition vorgestellt und ihre Grundlagen erl\u00e4utert.<\/p>\n[\/vc_column_text][divider line_type=&#8220;No Line&#8220; custom_height=&#8220;40&#8243;][vc_row_inner column_margin=&#8220;default&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; text_align=&#8220;left&#8220; row_position=&#8220;default&#8220; row_position_tablet=&#8220;inherit&#8220; row_position_phone=&#8220;inherit&#8220; overflow=&#8220;visible&#8220; pointer_events=&#8220;all&#8220;][vc_column_inner column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; centered_text=&#8220;true&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; overflow=&#8220;visible&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;1\/4&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220; column_padding_type=&#8220;default&#8220; gradient_type=&#8220;default&#8220;][vc_column_text css=&#8220;&#8220; text_direction=&#8220;default&#8220;]\n<h2 lang=\"de-CH\"><span style=\"color: #003366;\">Warum es wichtig ist, Impact Investing zu definieren<\/span><\/h2>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; overflow=&#8220;visible&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;3\/4&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220;][divider line_type=&#8220;No Line&#8220; custom_height=&#8220;10&#8243;][vc_column_text css=&#8220;&#8220; text_direction=&#8220;default&#8220;]\n<p lang=\"de-CH\">Luxemburg nimmt im Bereich Impact Investing weltweit eine f\u00fchrende Rolle ein, als Finanzzentrum mit einer einzigartigen grenz\u00fcberschreitenden Investitionsinfrastruktur und einem vielf\u00e4ltigen \u00d6kosystem aus Investoren, Dienstleistern und \u00f6ffentlichen Einrichtungen. Die Festlegung einer gemeinsamen Definition von Impact Investing tr\u00e4gt dazu bei, dass:<\/p>\n<ul>\n<li lang=\"de-CH\">Ein <span style=\"color: #003366;\"><strong>gemeinsames Vokabular<\/strong><\/span>\u00a0 f\u00fcr alle Beteiligten entwickeln.<\/li>\n<li lang=\"de-CH\">Die <span style=\"color: #003366;\"><strong>Glaubw\u00fcrdigkeit und Transparenz<\/strong><\/span> von Impact-Strategien erh\u00f6hen.<\/li>\n<li lang=\"de-CH\">Luxemburgs Rolle als <span style=\"color: #003366;\"><strong>Kompetenzzentrum<\/strong><\/span> f\u00fcr Impact Investing st\u00e4rken.<\/li>\n<li lang=\"de-CH\">Die Abstimmung mit <strong><span style=\"color: #003366;\">internationalen Gremien<\/span><\/strong> sicherstellen, darunter die Global Steering Group Impact (GSG Impact), das Global Impact Investing Network (GIIN) und das European Impact Investing Consortium (EIIC).<\/li>\n<\/ul>\n<p lang=\"de-CH\">Diese Definition st\u00fctzt sich auf internationale Rahmenwerke und ber\u00fccksichtigt gleichzeitig die besonderen Gegebenheiten, Marktpraktiken und das regulatorische Umfeld Luxemburgs.<\/p>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][divider line_type=&#8220;No Line&#8220; custom_height=&#8220;40&#8243;][vc_row_inner column_margin=&#8220;none&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; text_align=&#8220;left&#8220; row_position=&#8220;default&#8220; row_position_tablet=&#8220;inherit&#8220; row_position_phone=&#8220;inherit&#8220; overflow=&#8220;visible&#8220; pointer_events=&#8220;all&#8220;][vc_column_inner column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; centered_text=&#8220;true&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; overflow=&#8220;visible&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;1\/4&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; enable_animation=&#8220;true&#8220; animation=&#8220;fade-in-from-bottom&#8220; animation_easing=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220; column_padding_type=&#8220;default&#8220; gradient_type=&#8220;default&#8220;][vc_column_text css=&#8220;.vc_custom_1774274902837{padding-top: 0px !important;padding-bottom: 0px !important;}&#8220; text_direction=&#8220;default&#8220;]\n<h2 style=\"text-align: left;\"><span style=\"color: #003366;\">Luxemburg Impact Investing Definition<\/span><\/h2>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; overflow=&#8220;visible&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;3\/4&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220;][divider line_type=&#8220;No Line&#8220; custom_height=&#8220;10&#8243;][vc_column_text css=&#8220;&#8220; text_direction=&#8220;default&#8220;]\n<p lang=\"de-CH\">Nach Ansicht des IIAB umfasst Impact Investing:<\/p>\n<ol style=\"font-weight: 400;\">\n<li lang=\"de-CH\" value=\"1\"><strong><span style=\"color: #003366;\">Investitionen, die mit der Absicht get\u00e4tigt werden, neben einer finanziellen Rendite zur L\u00f6sung sozialer und\/oder \u00f6kologischer Probleme beizutragen,<\/span><\/strong><\/li>\n<li lang=\"de-CH\"><strong><span style=\"color: #003366;\">die Messung und Steuerung positiver und negativer Auswirkungen,<\/span><\/strong><\/li>\n<li lang=\"de-CH\"><strong><span style=\"color: #003366;\">die Nutzung der Infrastruktur der Finanzm\u00e4rkte,<\/span><\/strong><\/li>\n<li lang=\"de-CH\"><strong><span style=\"color: #003366;\">zur Finanzierung von Unternehmen oder Projekten, die L\u00f6sungen f\u00fcr soziale oder \u00f6kologische Herausforderungen anbieten.<\/span><\/strong><\/li>\n<\/ol>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=&#8220;in_container&#8220; full_screen_row_position=&#8220;middle&#8220; column_margin=&#8220;default&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; scene_position=&#8220;center&#8220; text_color=&#8220;dark&#8220; text_align=&#8220;left&#8220; row_border_radius=&#8220;none&#8220; row_border_radius_applies=&#8220;bg&#8220; overflow=&#8220;visible&#8220; overlay_strength=&#8220;0.3&#8243; gradient_direction=&#8220;left_to_right&#8220; shape_divider_position=&#8220;bottom&#8220; bg_image_animation=&#8220;none&#8220;][vc_column column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; column_position=&#8220;default&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;1\/1&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220;][vc_column_text css=&#8220;&#8220; text_direction=&#8220;default&#8220;]\n<h2><span style=\"color: #003366;\">Die Definition verstehen<\/span><\/h2>\n[\/vc_column_text][vc_column_text css=&#8220;&#8220; text_direction=&#8220;default&#8220;]\n<ol>\n<li lang=\"de-CH\" value=\"1\">\n<h3><span style=\"text-decoration: underline;\"><span style=\"font-size: 18pt; color: #003366; text-decoration: underline;\">Intentionalit\u00e4t &amp; L\u00f6sungsorientierung<\/span><\/span><\/h3>\n<\/li>\n<\/ol>\n<p lang=\"de-CH\">Intentionalit\u00e4t ist ein wesentliches Merkmal des Impact Investing. Investoren m\u00fcssen ihre erwarteten Auswirkungen im Vorfeld klar formulieren, in der Regel anhand einer \u201eTheory of Change\u201c.<\/p>\n<p lang=\"de-CH\">Dieser l\u00f6sungsorientierte Ansatz konzentriert sich auf die Bed\u00fcrfnisse benachteiligter oder schutzbed\u00fcrftiger Bev\u00f6lkerungsgruppen, wie zum Beispiel:<\/p>\n<ul style=\"font-weight: 400;\">\n<li lang=\"de-CH\">Von Frauen gef\u00fchrte Unternehmen in Schwellenl\u00e4ndern,<\/li>\n<li lang=\"de-CH\">Kleinbauern, die klimafreundliche Technologien ben\u00f6tigen, oder<\/li>\n<li lang=\"de-CH\">Gemeinschaften, denen der Zugang zu grundlegenden Dienstleistungen fehlt.<\/li>\n<\/ul>\n<p lang=\"de-CH\">Durch die Einbeziehung des Zusatzes \u201eneben einer finanziellen Rendite\u201c stellt die Definition sicher, dass finanzielle und wirkungsbezogene Ziele als komplement\u00e4r behandelt werden, ohne dabei ein bestimmtes Niveau der finanziellen Rendite vorzuschreiben.<\/p>\n<ol start=\"2\">\n<li style=\"font-weight: 400;\">\n<h3 lang=\"de-CH\"><span style=\"text-decoration: underline; color: #003366;\"><span style=\"font-size: 18pt;\">Messung und Steuerung positiver und negativer Auswirkungen<\/span><\/span><\/h3>\n<\/li>\n<\/ol>\n<p lang=\"de-CH\">Die Auswirkungen m\u00fcssen <strong><span style=\"color: #003366;\">aktiv gemessen und gesteuert<\/span><\/strong> werden, einschlie\u00dflich der Ermittlung unbeabsichtigter Folgen.<\/p>\n<p lang=\"de-CH\">Beispiele hierf\u00fcr sind:<\/p>\n<ul style=\"font-weight: 400;\">\n<li lang=\"de-CH\">Investitionen in den Wohnungsbau, die Schutzma\u00dfnahmen beinhalten, um Verdr\u00e4ngung zu verhindern und die Erschwinglichkeit zu gew\u00e4hrleisten.<\/li>\n<li lang=\"de-CH\">Projekte im Bereich erneuerbarer Energien, die \u00d6kosysteme sch\u00fctzen und Sch\u00e4den f\u00fcr lokale Gemeinschaften vermeiden.<\/li>\n<\/ul>\n<ol start=\"3\">\n<li style=\"font-weight: 400;\">\n<h3 lang=\"de-CH\"><span style=\"text-decoration: underline; font-size: 18pt;\"><span style=\"color: #003366;\"><strong>Nutzung der Finanzmarktinfrastruktur<\/strong><\/span><\/span><\/h3>\n<\/li>\n<\/ol>\n<p lang=\"de-CH\">Ein wesentliches Merkmal des Ansatzes der IIAB ist die Anerkennung der Finanzmarktinfrastruktur als entscheidender Treiber f\u00fcr Impact Investing, ein Bereich, in dem Luxemburg eine Vorreiterrolle einnimmt.<\/p>\n<p lang=\"de-CH\">Zu den relevanten Komponenten geh\u00f6ren:<\/p>\n<ul style=\"font-weight: 400;\">\n<li lang=\"de-CH\"><span style=\"color: #003366;\"><strong>Rechtsformen<\/strong><\/span> (z. B. UCITS, SICAVs, RAIFs), die ma\u00dfgeschneiderte Impact-Strategien erm\u00f6glichen.<\/li>\n<li lang=\"de-CH\"><strong><span style=\"color: #003366;\">Fondsverwalter und Verwahrstellen<\/span><\/strong>, die f\u00fcr eine solide Unternehmensf\u00fchrung, Transparenz und die Einhaltung von Vorschriften sorgen.<\/li>\n<li lang=\"de-CH\"><strong><span style=\"color: #003366;\">Pr\u00fcfungs- und Auditdienstleistungen<\/span><\/strong>, die Impact-Angaben validieren und das Vertrauen der Anleger st\u00e4rken.<\/li>\n<\/ul>\n<p lang=\"de-CH\">Dies spiegelt Luxemburgs Rolle als grenz\u00fcberschreitender Hub wider, in dem Fondsstrukturen und Dienstleister eine wesentliche Rolle dabei spielen, positive Auswirkungen zu erzielen.<\/p>\n<ol start=\"4\">\n<li style=\"font-weight: 400;\">\n<h3 lang=\"de-CH\"><span style=\"text-decoration: underline;\"><strong><span style=\"font-size: 18pt; color: #003366; text-decoration: underline;\">Finanzierung von Unternehmen und Projekten, die sich sozialen oder \u00f6kologischen Herausforderungen widmen<\/span><\/strong><\/span><\/h3>\n<\/li>\n<\/ol>\n<p lang=\"de-CH\">Die Definition ber\u00fccksichtigt die <span style=\"color: #003366;\"><strong>Perspektive auf der Ebene der Verm\u00f6genswerte<\/strong> <\/span>und stellt so sicher, dass sowohl die Absichten der Investoren als auch die finanzierten L\u00f6sungen aufeinander abgestimmt sind.<\/p>\n<p lang=\"de-CH\">Dieser Ansatz ist inklusiv und gilt f\u00fcr:<\/p>\n<ul style=\"font-weight: 400;\">\n<li lang=\"de-CH\">Unternehmen, deren Kernaufgabe darin besteht, einen Wandel zu bewirken,<\/li>\n<li lang=\"de-CH\">Unternehmen, die zwar nicht in erster Linie auf diese Wirkung ausgerichtet sind, aber dennoch zu einem Systemwandel beitragen, sowie<\/li>\n<li lang=\"de-CH\">Instrumente wie b\u00f6rsennotierte Aktien, Blended-Finance-Strukturen und nachhaltigkeitsgebundene Kredite.<\/li>\n<\/ul>\n<p lang=\"de-CH\">Diese Investitionen m\u00fcssen zudem ihre positiven und negativen Auswirkungen messen und steuern, um die von ihnen gef\u00f6rderten L\u00f6sungen in der Praxis zu \u00fcberpr\u00fcfen.<\/p>\n[\/vc_column_text][divider line_type=&#8220;No Line&#8220; custom_height=&#8220;40&#8243;][\/vc_column][\/vc_row][vc_row type=&#8220;in_container&#8220; full_screen_row_position=&#8220;middle&#8220; column_margin=&#8220;default&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; scene_position=&#8220;center&#8220; text_color=&#8220;dark&#8220; text_align=&#8220;left&#8220; row_border_radius=&#8220;none&#8220; row_border_radius_applies=&#8220;bg&#8220; overflow=&#8220;visible&#8220; overlay_strength=&#8220;0.3&#8243; gradient_direction=&#8220;left_to_right&#8220; shape_divider_position=&#8220;bottom&#8220; bg_image_animation=&#8220;none&#8220;][vc_column column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; column_position=&#8220;default&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;1\/1&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220;][vc_row_inner column_margin=&#8220;none&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; text_align=&#8220;left&#8220; row_position=&#8220;default&#8220; row_position_tablet=&#8220;inherit&#8220; row_position_phone=&#8220;inherit&#8220; overflow=&#8220;visible&#8220; pointer_events=&#8220;all&#8220;][vc_column_inner column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; centered_text=&#8220;true&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; overflow=&#8220;visible&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;1\/4&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; enable_animation=&#8220;true&#8220; animation=&#8220;fade-in-from-bottom&#8220; animation_easing=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220; column_padding_type=&#8220;default&#8220; gradient_type=&#8220;default&#8220;][vc_column_text css=&#8220;.vc_custom_1774275595638{padding-top: 0px !important;padding-bottom: 0px !important;}&#8220; text_direction=&#8220;default&#8220;]\n<h2 lang=\"de-CH\"><strong><span style=\"color: #003366;\">Wer ist betroffen<\/span><\/strong><\/h2>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; overflow=&#8220;visible&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;3\/4&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220;][divider line_type=&#8220;No Line&#8220; custom_height=&#8220;10&#8243;][vc_column_text css=&#8220;&#8220; text_direction=&#8220;default&#8220;]\n<p lang=\"de-CH\">Die IIAB-Definition ist so konzipiert, dass sie f\u00fcr das vielf\u00e4ltige \u00d6kosystem Luxemburgs relevant ist, darunter:<\/p>\n<ul style=\"font-weight: 400;\">\n<li lang=\"de-CH\">Verm\u00f6gensverwalter,<\/li>\n<li lang=\"de-CH\">Verm\u00f6gensinhaber, insbesondere institutionelle Anleger (Pensionsfonds, Versicherungen),<\/li>\n<li lang=\"de-CH\">\u00d6ffentliche Investoren (z. B. EIB, SNCI),<\/li>\n<li lang=\"de-CH\">Fondsverwalter, Wirtschaftspr\u00fcfer und andere Dienstleister sowie<\/li>\n<li lang=\"de-CH\">Philanthropische Organisationen und Katalysator-Kapitalgeber.<\/li>\n<\/ul>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][divider line_type=&#8220;No Line&#8220; custom_height=&#8220;40&#8243;][\/vc_column][\/vc_row][vc_row type=&#8220;in_container&#8220; full_screen_row_position=&#8220;middle&#8220; column_margin=&#8220;default&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; scene_position=&#8220;center&#8220; text_color=&#8220;dark&#8220; text_align=&#8220;left&#8220; row_border_radius=&#8220;none&#8220; row_border_radius_applies=&#8220;bg&#8220; overflow=&#8220;visible&#8220; overlay_strength=&#8220;0.3&#8243; gradient_direction=&#8220;left_to_right&#8220; shape_divider_position=&#8220;bottom&#8220; bg_image_animation=&#8220;none&#8220;][vc_column column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; column_position=&#8220;default&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;1\/1&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220;][vc_row_inner column_margin=&#8220;none&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; text_align=&#8220;left&#8220; row_position=&#8220;default&#8220; row_position_tablet=&#8220;inherit&#8220; row_position_phone=&#8220;inherit&#8220; overflow=&#8220;visible&#8220; pointer_events=&#8220;all&#8220;][vc_column_inner column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; centered_text=&#8220;true&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; overflow=&#8220;visible&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;1\/4&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; enable_animation=&#8220;true&#8220; animation=&#8220;fade-in-from-bottom&#8220; animation_easing=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220; column_padding_type=&#8220;default&#8220; gradient_type=&#8220;default&#8220;][vc_column_text css=&#8220;.vc_custom_1774275641692{padding-top: 0px !important;padding-bottom: 0px !important;}&#8220; text_direction=&#8220;default&#8220;]\n<h2 lang=\"de-CH\"><span style=\"color: #003366;\"><strong>Warum ist das f\u00fcr Luxemburg von Bedeutung<\/strong><\/span><\/h2>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; overflow=&#8220;visible&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;3\/4&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220;][divider line_type=&#8220;No Line&#8220; custom_height=&#8220;10&#8243;][vc_column_text css=&#8220;&#8220; text_direction=&#8220;default&#8220;]\n<p lang=\"de-CH\">Impact Investing w\u00e4chst rasant. Nach Angaben des Global Impact Investing Network (GIIN) beliefen sich die weltweiten Impact-Investing-Verm\u00f6genswerte im Jahr <span style=\"color: #003366;\"><strong>2024 auf 1,57 Billionen US-Dollar<\/strong><\/span>, wobei seit 2019 ein <span style=\"color: #003366;\"><strong>j\u00e4hrliches Wachstum von 21 %<\/strong><\/span> zu verzeichnen war. Auf Europa entfallen<span style=\"color: #003366;\"><strong> 53 %<\/strong><\/span> des weltweiten verwalteten Impact-Verm\u00f6gens<span style=\"font-size: 8pt;\"><a href=\"applewebdata:\/\/95DF2F17-E681-455D-98AD-40AA3B5F0676#_ftn1\" name=\"_ftnref1\">[2]<\/a><\/span>.<\/p>\n<p lang=\"de-CH\">Luxemburg nimmt eine bedeutende Position ein:<\/p>\n<ul>\n<li><span style=\"color: #003366;\"><span style=\"color: #003366;\"><strong><span style=\"font-weight: 400;\">27% <\/span><span style=\"font-weight: 400; color: #333333;\">der weltweiten Impact-Fonds f\u00fcr private Verm\u00f6genswerte sind in Luxemburg ans\u00e4ssig<\/span> <\/strong><\/span><\/span><span style=\"color: #003366;\"><span style=\"color: #003366;\">(<strong>27.9 Mrd. USD verwaltetes Verm\u00f6gen<\/strong><\/span><\/span><span style=\"color: #003366;\">)<\/span><span style=\"font-size: 8pt;\"><a href=\"applewebdata:\/\/E214B6BB-3088-4CFB-A9F5-E28F72FBEAE4#_ftn1\" name=\"_ftnref1\">[3]<\/a><\/span>.<\/li>\n<li>Das Land beherbergt mindestens <span style=\"color: #003366;\"><strong>60 blended finance funds<\/strong>\u00a0(<strong>$12bn AUM<\/strong>)<\/span><a href=\"applewebdata:\/\/E214B6BB-3088-4CFB-A9F5-E28F72FBEAE4#_ftn2\" name=\"_ftnref2\"><span style=\"font-size: 8pt;\">[4]<\/span><\/a>.<\/li>\n<li>Auf die Luxembourg Green Exchange (LGX) entfallen <span style=\"color: #003366;\"><strong>42 %<\/strong><\/span> der internationalen Notierungen nachhaltiger Anleihen<span style=\"font-size: 8pt;\"><a href=\"applewebdata:\/\/E214B6BB-3088-4CFB-A9F5-E28F72FBEAE4#_ftn3\" name=\"_ftnref3\">[5]<\/a><\/span>.<\/li>\n<\/ul>\n<p lang=\"de-CH\">Die Definition unterst\u00fctzt Luxemburgs Bestreben, seine F\u00fchrungsrolle zu st\u00e4rken, indem sie f\u00fcr Klarheit, Konsistenz und Glaubw\u00fcrdigkeit im gesamten \u00d6kosystem sorgt.<\/p>\n<hr \/>\n<p><span style=\"font-size: 8pt;\"><a href=\"applewebdata:\/\/95DF2F17-E681-455D-98AD-40AA3B5F0676#_ftnref1\" name=\"_ftn1\">[2]<\/a> <em>Quelle: Global Impact Investing Network (GIIN), \u201cSizing the Impact Investing Market 2024,\u201d Oct. 2024.<\/em><\/span><br \/>\n<a href=\"https:\/\/thegiin.org\/publication\/research\/sizing-the-impact-investing-market-2024\/\"><span style=\"font-size: 8pt;\">https:\/\/thegiin.org\/publication\/research\/sizing-the-impact-investing-market-2024\/<\/span><\/a><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"applewebdata:\/\/E214B6BB-3088-4CFB-A9F5-E28F72FBEAE4#_ftnref1\" name=\"_ftn1\">[3]<\/a> <em>Quelle: Luxembourg for Finance (LFF), \u201cLuxembourg: The Home of Impact Finance,\u201d January 2025.<\/em><\/span><br data-start=\"257\" data-end=\"260\" data-is-only-node=\"\" \/><span style=\"font-size: 8pt;\"><a href=\"https:\/\/www.luxembourgforfinance.com\/\" data-start=\"263\" data-end=\"299\">https:\/\/www.luxembourgforfinance.com<\/a><\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"applewebdata:\/\/E214B6BB-3088-4CFB-A9F5-E28F72FBEAE4#_ftnref2\" name=\"_ftn2\">[4]<\/a> Quelle<em>: Luxembourg Sustainable Finance Initiative (LSFI), \u201cBlended Finance in Luxembourg Factsheet,\u201d January 2025.<\/em><\/span><br data-start=\"475\" data-end=\"478\" data-is-only-node=\"\" \/><a href=\"https:\/\/lsfi.lu\/wp-content\/uploads\/2024\/10\/20241014-Private-Investment-Mobilisation-summary_VF.pdf\"><span style=\"font-size: 8pt;\">https:\/\/lsfi.lu\/resources<\/span><\/a><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"applewebdata:\/\/E214B6BB-3088-4CFB-A9F5-E28F72FBEAE4#_ftnref3\" name=\"_ftn3\">[5]<\/a> <em>Quelle: Luxembourg Stock Exchange (LuxSE), \u201cLuxembourg Green Exchange Overview,\u201d December 2024. <a href=\"https:\/\/www.luxse.com\/lgx\">https:\/\/www.luxse.com\/lgx<\/a><\/em><\/span><\/p>\n<p lang=\"de-CH\">Wir freuen uns \u00fcber R\u00fcckmeldungen von Akteuren aus dem gesamten Finanzsektor; sollten Sie Anmerkungen zu dieser Definition haben, wenden Sie sich bitte an\u00a0<a href=\"mailto:iiab&#64;lsfi&#46;lu\">&#x69;&#105;&#x61;&#98;&#64;&#x6c;&#115;f&#x69;&#46;&#x6c;&#x75;<\/a>.<\/p>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][divider line_type=&#8220;No Line&#8220; custom_height=&#8220;40&#8243;][\/vc_column][\/vc_row][vc_row type=&#8220;in_container&#8220; full_screen_row_position=&#8220;middle&#8220; column_margin=&#8220;default&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; scene_position=&#8220;center&#8220; text_color=&#8220;dark&#8220; text_align=&#8220;left&#8220; row_border_radius=&#8220;none&#8220; row_border_radius_applies=&#8220;bg&#8220; overflow=&#8220;visible&#8220; overlay_strength=&#8220;0.3&#8243; gradient_direction=&#8220;left_to_right&#8220; shape_divider_position=&#8220;bottom&#8220; bg_image_animation=&#8220;none&#8220;][vc_column column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; column_position=&#8220;default&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;1\/1&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220;][vc_column_text css=&#8220;&#8220; text_direction=&#8220;default&#8220;]\n<h2 lang=\"de-CH\"><span style=\"color: #003366;\"><strong>Weiterer Kontext und Abstimmung<\/strong><\/span><\/h2>\n<p lang=\"de-CH\">Die IIAB-Definition ist zwar auf Luxemburg zugeschnitten, steht jedoch im Einklang mit:<\/p>\n<ul style=\"font-weight: 400;\">\n<li lang=\"de-CH\">Den Kernmerkmalen des Impact Investing des Global Impact Investing Network (GIIN),<\/li>\n<li lang=\"de-CH\">Den Arbeiten des European Impact Investing Consortium (EIIC) zur Harmonisierung von Impact-Kriterien,<\/li>\n<li lang=\"de-CH\">Den globalen Praktiken, die sich aus dem GSG Impact-Netzwerk ergeben, sowie<\/li>\n<li lang=\"de-CH\">Europ\u00e4ischen Vorschriften wie der SFDR und der EU-Taxonomie.<\/li>\n<\/ul>\n<p lang=\"de-CH\">Dadurch wird sichergestellt, dass der luxemburgische Rahmen global relevant und international anerkannt ist.<\/p>\n<h2 lang=\"de-CH\"><span style=\"color: #003366;\"><strong>Die historische Entwicklung des Impact Investing<\/strong><\/span><\/h2>\n<p lang=\"de-CH\">Impact Investing hat tiefe Wurzeln in ethischen und sozial verantwortlichen Anlagepraktiken:<\/p>\n<ul style=\"font-weight: 400;\">\n<li lang=\"de-CH\">Die Anf\u00e4nge des auf Ausschlusskriterien basierenden Investierens liegen in religi\u00f6sen und ethischen Bewegungen.<\/li>\n<li lang=\"de-CH\">Im 20. Jahrhundert kam es zum Aufschwung des Socially Responsible Investing (SRI), insbesondere w\u00e4hrend der B\u00fcrgerrechts- und Antikriegsbewegungen.<\/li>\n<li lang=\"de-CH\">ESG-Konzepte wurden Anfang der 2000er Jahre formalisiert (UN-Initiative \u201eWho Cares Wins\u201c, UNPRI).<\/li>\n<li lang=\"de-CH\">Der Begriff \u201eImpact Investing\u201c tauchte 2007 auf einer Konferenz der Rockefeller Foundation auf und f\u00fchrte zur Gr\u00fcndung des GIIN sowie zur Entwicklung von Standards wie <strong><span style=\"color: #003366;\">IRIS<\/span><\/strong> und <strong><span style=\"color: #003366;\">GIIRS<\/span><\/strong>.<\/li>\n<li lang=\"de-CH\">Seit den 2020er Jahren hat sich Impact Investing etabliert, unterst\u00fctzt durch Blended-Finance-Ans\u00e4tze und die weltweiten Bem\u00fchungen zur Erreichung der SDGs.<\/li>\n<\/ul>\n<p lang=\"de-CH\">Diese Entwicklung pr\u00e4gt die heutige Definition und unterstreicht die wachsende Bedeutung gezielter, messbarer Wirkung.<\/p>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8220;in_container&#8220; full_screen_row_position=&#8220;middle&#8220; column_margin=&#8220;default&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; scene_position=&#8220;center&#8220; text_color=&#8220;dark&#8220; text_align=&#8220;left&#8220; row_border_radius=&#8220;none&#8220; row_border_radius_applies=&#8220;bg&#8220; overflow=&#8220;visible&#8220; overlay_strength=&#8220;0.3&#8243; gradient_direction=&#8220;left_to_right&#8220; shape_divider_position=&#8220;bottom&#8220; bg_image_animation=&#8220;none&#8220;][vc_column column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; column_position=&#8220;default&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;1\/1&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220;][divider line_type=&#8220;No Line&#8220; custom_height=&#8220;40&#8243;][nectar_btn size=&#8220;large&#8220; button_style=&#8220;regular&#8220; button_color_2=&#8220;Extra-Color-2&#8243; color_override=&#8220;#003366&#8243; solid_text_color_override=&#8220;#ffffff&#8220; icon_family=&#8220;none&#8220; text=&#8220;Erfahren Sie hier mehr \u00fcber das IIAB&#8220; url=&#8220;https:\/\/lsfi.lu\/impactinvestingboard\/&#8220;][\/vc_column][\/vc_row][vc_row type=&#8220;in_container&#8220; full_screen_row_position=&#8220;middle&#8220; column_margin=&#8220;default&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; scene_position=&#8220;center&#8220; text_color=&#8220;dark&#8220; text_align=&#8220;left&#8220; row_border_radius=&#8220;none&#8220; row_border_radius_applies=&#8220;bg&#8220; overflow=&#8220;visible&#8220; overlay_strength=&#8220;0.3&#8243; gradient_direction=&#8220;left_to_right&#8220; shape_divider_position=&#8220;bottom&#8220; bg_image_animation=&#8220;none&#8220;][vc_column column_padding=&#8220;no-extra-padding&#8220; column_padding_tablet=&#8220;inherit&#8220; column_padding_phone=&#8220;inherit&#8220; column_padding_position=&#8220;all&#8220; column_element_direction_desktop=&#8220;default&#8220; column_element_spacing=&#8220;default&#8220; desktop_text_alignment=&#8220;default&#8220; tablet_text_alignment=&#8220;default&#8220; phone_text_alignment=&#8220;default&#8220; background_color_opacity=&#8220;1&#8243; background_hover_color_opacity=&#8220;1&#8243; column_backdrop_filter=&#8220;none&#8220; column_shadow=&#8220;none&#8220; column_border_radius=&#8220;none&#8220; column_link_target=&#8220;_self&#8220; column_position=&#8220;default&#8220; gradient_direction=&#8220;left_to_right&#8220; overlay_strength=&#8220;0.3&#8243; width=&#8220;1\/1&#8243; tablet_width_inherit=&#8220;default&#8220; animation_type=&#8220;default&#8220; bg_image_animation=&#8220;none&#8220; border_type=&#8220;simple&#8220; column_border_width=&#8220;none&#8220; column_border_style=&#8220;solid&#8220;][divider line_type=&#8220;No Line&#8220; custom_height=&#8220;10&#8243;][vc_column_text css=&#8220;&#8220; text_direction=&#8220;default&#8220;]\n<p lang=\"de-CH\"><span style=\"color: #003366;\"><strong>Wir freuen uns \u00fcber R\u00fcckmeldungen von Akteuren aus dem gesamten Finanzsektor; sollten Sie Anmerkungen zu dieser Definition haben, wenden Sie sich bitte an<\/strong><\/span><strong>\u00a0<a href=\"&#109;&#x61;&#x69;&#108;&#x74;&#x6f;:&#x69;&#x69;a&#98;&#x40;l&#115;&#x66;i&#46;&#x6c;u\">&#105;&#x69;&#97;&#x62;&#64;&#x6c;s&#x66;i&#x2e;l&#117;<\/a>.<\/strong><\/p>\n[\/vc_column_text][divider line_type=&#8220;No Line&#8220; custom_height=&#8220;10&#8243;][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8220;full_width_background&#8220; full_screen_row_position=&#8220;middle&#8220; column_margin=&#8220;default&#8220; column_direction=&#8220;default&#8220; column_direction_tablet=&#8220;default&#8220; column_direction_phone=&#8220;default&#8220; bg_color=&#8220;#ffffff&#8220; bg_image=&#8220;23414&#8243; bg_position=&#8220;center center&#8220; background_image_loading=&#8220;default&#8220; bg_repeat=&#8220;no-repeat&#8220; scene_position=&#8220;center&#8220; top_padding=&#8220;14%&#8220; bottom_padding=&#8220;12%&#8220; text_color=&#8220;light&#8220; text_align=&#8220;left&#8220; row_border_radius=&#8220;none&#8220; row_border_radius_applies=&#8220;bg&#8220; overflow=&#8220;visible&#8220; enable_gradient=&#8220;true&#8220; color_overlay=&#8220;#0a0000&#8243; color_overlay_2=&#8220;rgba(10,10,10,0.5)&#8220; overlay_strength=&#8220;0.5&#8243; gradient_direction=&#8220;left_to_right&#8220; 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