OPEC Fund Annual Award 2023 for Development
The OPEC Fund Annual Award 2023 for Development (AAD) acknowledges exceptional efforts towards sustainable development, offering a prize of US$100,000. With its inception in 2006, the award acknowledges, on an annual basis, a distinct theme of notable significance to global development. The theme for this year is Gender Equality and Climate Action.
Gender equality plays a crucial role in mitigating the impacts of climate change, and women and girls are leading the fight against it. It is essential to include women in climate discussions, planning, and decision-making to improve the outcomes of climate action.
The OPEC Fund Annual Award for Development (AAD) will be awarded to a project partner who works at the intersection of gender equality, development, and climate action in recognition of the crucial role of women in the international development agenda. The 2023 AAD specifically seeks projects that make plausible contributions toward achieving SDG 5: “Achieve gender equality and empower all women and girls” and SDG 13: “Take urgent action to combat climate change and its impacts.”
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Nominee Eligibility for the OPEC Fund Annual Award 2023 for Development:
- The nominee for the OPEC Fund Annual Award for Development must be a well-established charitable organization that operates in countries other than the 12 member countries of the OPEC Fund, which are Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, and Venezuela. The organization must also be non-governmental in nature.
- Nominees must be legal entities and have been so for at least three years.
- Nominees must have audited financial statements dating back at least two years.
- Nominees must have expenditures greater than US$1,000,000 (in their most recent audited accounts).
- Nominees may not be local offices of parent organizations, specific programs within organizations, university-based projects, or fiscally sponsored organizations.
Nomination Procedure for the OPEC Fund Annual Award 2023 for Development:
The process of nominating an organization for the award is done through an online platform. After a nomination is made, the OPEC Fund will directly reach out to the nominated organization for any necessary additional information and supporting documents. Additionally, the OPEC Fund may also contact the nominating party for the same purpose.
The nomination process involves the following steps:
Step 1: Call for nominations. AAD information and nomination forms are available via the OPEC Fund’s website.
Step 2: The nominating parties submit nomination forms in English via the designated email address: AnnualAward@opecfund.org. Nominations must be signed by a senior official (e.g. CEO, Vice-President, or Head of Operation) and cite the motivations for nomination. Supporting documents should also be submitted. The nominating party may only nominate one organization per year.
Step 3: The OPEC Fund contacts the nominee and/or the nominating party for additional information and supporting materials.
Step 4: The OPEC Fund AAD Committee reviews the nominations based on the aforementioned criteria, and makes a recommendation to the OPEC Fund Management for approval.
Step 5: The OPEC Fund informs the successful nominee and nominating party of its decision via an official letter, including terms of utilization of the AAD grant proceeds.
Step 6: Upon confirmation of acceptance of the AAD and terms of utilization of its proceeds by the awardee, the OPEC Fund plans and implements a dedicated communication campaign in partnership with the nominee. The nominee is expected to provide audio-visual material and written testimonials of its work, and agree to one or more filmed interviews with the OPEC Fund and select journalists for this purpose.
Step 7: The OPEC Fund Annual Award for Development will be announced at the 2023 OPEC Fund Development Forum held in Vienna, Austria on June 20, 2023. Both the nominee and the nominating party are invited to the ceremony.
Step 8: The ceremony may be preceded or followed by a press event hosted by the OPEC Fund in Vienna, Austria. Awardees may be expected to provide brief statements and press engagement. The OPEC Fund will work with awarded teams to prepare appropriate audio-visual material and testimonials for release ahead of the said occasion.
Step 9: The nominee is expected to showcase the AAD on its website and provide the OPEC Fund with updated audio-visual material and work testimonials both in advance of and within one year of receiving the AAD. The nominee shall also report to the OPEC Fund within two years of receiving the AAD, outlining the main achievements attributable to the AAD. In addition, the nominee shall contribute to one of the OPEC Fund’s publications on subject matter related to the award and/or participate in a special event (TBD) to share learnings of recent achievements.
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Application Deadline: May 12, 2023.
For more information about this opportunity, Visit the Official Website.