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Why was Institute of International Law awarded Noble Prize Peace in 1904?

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Why was Institute of International Law awarded Noble Prize Peace in1904?Name: Institute of International Law.
Founded:
8 September 1873.
Founded Location: Ghent, Belgium.
Headquarters: Geneva, Switzerland.
Type: NGO, IGO, Society.
Coordinates: 46.220722°N 6.143681°E.
Fields: International law.
Purpose: Promote the progress of international law.
Noble Prize Year: Nobel Prize for Peace in 1903, for its striving in public law to develop peaceful ties between nations and to make the laws of war more humane.

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