The Marcus Wallenberg Foundation for Promoting Scientific Research in the Forest Industry, is based on appropriations of Stora Kopparbergs Bergslags Aktiebolag. The first appropriation was made by the Annual Shareholders’ Meeting on May 12, 1980.

The object of the Foundation is to encourage scientific research by awarding an international prize called The Marcus Wallenberg Prize.

The Prize is awarded to recognise, encourage and stimulate path breaking scientific achievements, which significantly contribute to broader knowledge and/or technical development within the broad fields of interest to the forest industry.

The Prize shall be awarded to an individual, or a smaller group of individuals if the achievements is made by a team, who has published, preferably within the past ten years, scientific path breaking achievements within the fields of forest industry.

The Foundation Board shall name the Prizewinner after hearing a special Selection Committee. The Selection Committee shall consist of a Chairman and a minimum of three and a maximum of seven more members.

In appointing the Selection Committee members the Foundation Board shall see to it that the Selection Committee has an adequate and overall competence within the broad fields of interest to the forest industry.