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The Model Law allows sustainability to be promoted through procurement via qualification criteria (under article 9, which expressly allows the procuring entity to impose environmental qualifications, and ethical and other standards that could include fair trade requirements).
One could be forgiven for simplifying the goal of procurement to ensuring that public money is well spent , which could be further elaborated (following Schooner 2002 ) to encompass promoting integrity and value for money in the award of public contracts, and acting transparently to facilitate accountability. At first look, s.12(1)
In the 2012 SADC Model BIT , the Drafting Committee of SADC advised its member states to replace the FET standard in their BITs with the fair administrative treatment adopted by South Africa. See e.g., PSEG v Turkey , ICSID Case No. ARB/02/5, Award , ¶ 240; Infinito Gold Ltd.
FTC Shows How NOT to Use Green Imagery The FTC’s Green Guides, first introduced in 1992 and last updated in 2012, are currently under revision to tackle the growing issue of greenwashing. Transparency and honesty are cornerstones of avoiding greenwashing.
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