<P> The Norwegian Nobel Committee each year awards the Nobel Peace Prize ( Norwegian and Swedish : Nobels fredspris ) `` to the person who shall have done the most or the best work for fraternity between nations , for the abolition or reduction of standing armies and for the holding and promotion of peace congresses . '' It is one of the five Nobel Prizes established by the 1895 will of Alfred Nobel ( who died in 1896 ) , awarded for outstanding contributions in chemistry , physics , literature , peace , and physiology or medicine . As dictated by Nobel 's will , the award is administered by the Norwegian Nobel Committee and awarded by a committee of five people elected by the Parliament of Norway . The first Nobel Peace Prize was awarded in 1901 to Frédéric Passy and Henry Dunant ; the prize was most recently awarded to the International Campaign to Abolish Nuclear Weapons in 2017 . Each recipient receives a medal , a diploma , and a monetary award prize that has varied throughout the years . In 1901 , Passy and Dunant shared a Prize of 150,782 Swedish kronor , which was equal to 7,731,004 kronor in 2008 . The Peace Prize is presented annually in Oslo , in the presence of the King of Norway , on December 10 , the anniversary of Nobel 's death , and is the only Nobel Prize not presented in Stockholm . Unlike the other prizes , the Peace Prize is occasionally awarded to an organisation ( such as the International Committee of the Red Cross , a three - time recipient ) rather than an individual . </P>
<P> The Norwegian Nobel Committee each year awards the Nobel Peace Prize ( Norwegian and Swedish : Nobels fredspris ) `` to the person who shall have done the most or the best work for fraternity between nations , for the abolition or reduction of standing armies and for the holding and promotion of peace congresses . '' It is one of the five Nobel Prizes established by the 1895 will of Alfred Nobel ( who died in 1896 ) , awarded for outstanding contributions in chemistry , physics , literature , peace , and physiology or medicine . As dictated by Nobel 's will , the award is administered by the Norwegian Nobel Committee and awarded by a committee of five people elected by the Parliament of Norway . The first Nobel Peace Prize was awarded in 1901 to Frédéric Passy and Henry Dunant ; the prize was most recently awarded to the International Campaign to Abolish Nuclear Weapons in 2017 . Each recipient receives a medal , a diploma , and a monetary award prize that has varied throughout the years . In 1901 , Passy and Dunant shared a Prize of 150,782 Swedish kronor , which was equal to 7,731,004 kronor in 2008 . The Peace Prize is presented annually in Oslo , in the presence of the King of Norway , on December 10 , the anniversary of Nobel 's death , and is the only Nobel Prize not presented in Stockholm . Unlike the other prizes , the Peace Prize is occasionally awarded to an organisation ( such as the International Committee of the Red Cross , a three - time recipient ) rather than an individual . </P>
who won the first nobel prize for peace
who won the first nobel prize for peace
Frédéric Passy Henry Dunant
Frédéric Passy Henry Dunant