The moviemaker, who is in the running for Best Director at this year's Academy Awards, has been announced as the recipient of the Sundance Institute's Vanguard Leadership Award for his success in the independent film industry, said the Hollywood Reporter.
"It comes as a great honour to receive this award from an organisation whose mission, spirit and objectives are noble and have a profound effect on many filmmakers around the world," Gonzalez Inarritu said.
Keri Putnam, Executive Director of Sundance Institute, added, "Alejandro G Inarritu is among the most creative and innovative filmmakers working today, and the boldness, humanity and audacity of his films will inspire generations to come."
Previous recipients of the prize include actress Glenn Close.
