Increasingly, we hear that companies or organizations are committing to investments that, in addition to the financial return, generate a positive impact on the environment and people. Is there a favorable legal environment for this type of investment? Everything indicates that there are steps in the right direction and that there is still a long way to go in terms of public policies and the actions of organizations dedicated to the subject. VIVA Idea considers impact investing to go beyond the classic definition. In the opinion of Paola Fonseca, VIVA Idea’s Impact Director, “it is more than financial profitability with social or environmental impact. It is a tool for beneficiaries to develop their own solutions for social inclusion and sustainability, according to their contexts