International Investment Law and the Quest for Legitimacy: Developing Binding Principles of Sustainable Development (original) (raw)

The paper explores the intersection of international investment law and sustainable development, highlighting the necessity for binding principles that promote legitimacy in investment practices. It emphasizes the role of international soft norms, such as the Equator Principles, in guiding financial entities but critiques their limitations in ensuring compliance with sustainable development practices. The discussion also looks into the implications of reputational risks for financial institutions as motivating factors for fostering sustainable development within project finance, particularly in developing countries.