SUSTAINABLE DEVELOPMENT WORKSTREAM

A new area of work specifically dedicated to sustainable development was established in the Unidroit Work Programme for the triennial period 2023–2025 and currently includes three projects: (i) the draft Principles on the Legal Nature of Verified Carbon Credits; (ii) the UNIDROIT-ICC Principles and Model Clauses for International Investment Contracts; and (iii) the development of a guidance document on Corporate Sustainability Due Diligence in Global Value Chains.

Sustainable development is, however, a work area that cuts across UNIDROIT’s projects and instruments. Indeed, as an international organisation focused on the development of the rule of law with a view to supporting fair economic development and fostering collaboration and multilateralism among countries, Unidroit by its very nature has the potential to advance sustainable development.

The Workstream has therefore been reviewing the Institute’s work holistically and in relation to all its areas of focus—both legislative and non-legislative—to take stock of Unidroit’s contribution to sustainable development and, most importantly, offer input for future work.

○ First Meeting (online, 29 August 2025)

The first meeting introduced the objectives, scope and timeline of the Sustainable Development Workstream.

The Committee discussed the draft Inception Report and agreed on the main approach for assessing UNIDROIT’s instruments through the lens of sustainable development, including their practical impact, accessibility and links to the Sustainable Development Goals (SDGs). The Committee also considered capacity-building needs and synergies with other international organisations.

○ Second Meeting (online, 11 November 2025)

The second meeting focused on the structure, methodology and organisation of the White Paper drafting process.

The Committee confirmed the allocation of topics and considered how the individual contributions could be integrated into a coherent policy paper. Members agreed that the White Paper should critically assess both the substance and implementation of UNIDROIT instruments and formulate practical, forward-looking recommendations.

○ Third Meeting (online, 14 January 2026)

The third meeting focused on the first draft contributions by the Committee members on corporate sustainability due diligence, verified carbon credits and international investment contracts.

The Committee discussed developing a common analytical framework covering the development process, content and implementation of UNIDROIT instruments. Members also considered the appropriate use of the SDGs, the meaning of inclusiveness and the overall structure of the White Paper.

○ Fourth Meeting (online, 25 March 2026)

The fourth meeting reviewed the first consolidated draft of the White Paper, which incorporated the contributions prepared by the Committee members.

The Committee discussed the structure, length and consistency of the draft, including the treatment of cross-cutting recommendations and the use of SDG mapping tables. Members also reviewed specific sections and agreed on further revisions and external consultations in preparation for the September Workshop.

○ Fifth Meeting (online, 4 June 2026)

The fifth meeting conducted a detailed review of the updated consolidated draft of the White Paper.

The Committee considered how to streamline its structure, strengthen and standardise its recommendations, and address inclusiveness, targeted outreach and cooperation with other international organisations. Members also reviewed the sections concerning UNIDROIT’s legislative and non-legislative activities and planned the next steps towards external consultation and the September Workshop.

○ Sustainable Development Workshop (Rome, 18 September 2026)

The Workshop will bring together Committee members and external experts to review the draft White Paper before its finalisation.

The discussions will examine UNIDROIT’s contribution to sustainable development across its mandate, working methods and key areas of work, including climate-related instruments, agriculture, access to credit, financial markets and technology, contract law and cultural property. Participants will also consider the structure of the White Paper and be invited to comment on its conclusions and recommendations.