The Volvo environment prize is awarded for: "Outstanding innovations or scientific discoveries, which in broad terms fall within the environment field."
The prize is awarded by an independent foundation, instituted in 1988. A Scientific Committee does the initial screening and evaluation of candidates. The International Prize Jury, a group of internationally renowned scientists, makes the final selection of laureate or laureates.
Laureates represent all fields of environmental and sustainability studies and initiatives.
The Volvo Environment Prize is awarded annually. The Prize consists of a hand-crafted diploma, a glass sculpture and a cash award of SEK 1.5 Million.