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The Volvo Environment Prize is a highly regarded annual scientific award. The prize is awarded to individuals who "explore the way to a sustainable world." The prize is awarded by the independent foundation The Volvo Environment Prize Foundation which was instituted in 1988. Scientific excellence is the most important criterion for becoming a laureate. The candidate must have an outstanding research and publication record in his or her field. Strong emphasis is also placed on the research's impact on the policy and application sectors. The Volvo Environment Prize recipient receives an original handcrafted diploma, a glass sculpture, and a cash award of SEK 1.5 million.
A Scientific Committee headed by Professor Carl Folke does the initial screening and evaluation of candidates, which are presented to the International Prize Jury. The Prize Jury is chaired by Professor Mary Scholes ( University of the Witwatersrand, South Africa) with members Professor Peijun Shi (Beijing Normal University, China), Professor Kazuhiko Takeuchi (University of Tokyo, Japan) Dr. Sybille van den Hove (Autonomous University of Barcelona, Spain) and Professor Johan Rockström, Potsdam Institute for Climate Impact Research.
Since the first award in 1990, the prize has gone to 52 individuals. Among them are many well-known researchers and three scientists who first received the Volvo Environment Prize and later the Nobel Prize. The laureates represent all fields of environmental and sustainability studies and initiatives.