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Why was Auguste Beernaert awarded Noble Prize Peace in 1909?

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Why was Auguste Beernaert awarded Noble Prize Peace in1909?Name: Auguste Beernaert.
Country: Belgium.
Date of Birth: 26 July 1829.
Died: 6 October 1912.
Profession: Politician..
Known as: Prime Minister and Inter-Parliamentarian, Member of Cour Internationale d’arbitrage at the Hague.
Noble Prize Year: Nobel Prize for Peace in 1907, for his work at the Permanent Court of Arbitration.

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