The Corrosion Institute Annual Award replaced the Industrial Award in 2005.
The Corrosion Institute Annual Award is awarded in recognition of the achievement of individuals, companies, processes and projects that have made a significant contribution to the prevention of corrosion with the employment of cost effective corrosion protection/prevention systems aimed at longevity and sustainability of materials or have made a significant contribution to the study of corrosion science and the economic and sustainable development of corrosion protection/preventative systems.