Laureates represent all fields of environmental and sustainability studies and initiatives. 

The Prize is awarded by an independent foundation. A Scientific Committee does the initial screening and evaluation of candidates. Internationally renowned scientists in the Prize Jury make the final selection of prize laureate. 

The Prize is awarded annually and consists of a hand-crafted diploma, a glass sculpture and a cash award of SEK 1.5 million (approximately Euro 135,000 or USD 140,000). The award ceremony is held in Stockholm or Gothenburg, Sweden in November each year.