The phrase "awards because of its" is not complete and lacks context, making it difficult to assess its correctness in written English.
It could be used in a sentence discussing the reasons for receiving awards, but it needs additional information to clarify its meaning.
Example: "The organization received several awards because of its commitment to community service."
Alternatives: "recognition due to its" or "honors for its".
Guardian Unlimited won the publisher of the year award because of its clear vision and variety of business models.
But consider if GE were to lose the special premium awarded because of its soon-to-retire celebrity chief executive (Jack Welch).
Guardian Unlimited won the publisher of the year award because of its clear vision its "innovation and ability to develop new revenue streams".
As well as securing a welcome boost for Rushdie and the other shortlisted authors, John Mullan argued that the honour was a different kind of accolade to the annual award because of its longer view.
Advocates for youth The Environment and Sanitation Club of Boussouma High School was selected to receive the award because of its work in environmental advocacy, sanitation, health, agriculture, youth participation and the fight against HIV/AIDS.
James Gunn, in The New Encyclopedia of Science Fiction (1988), echoed The Guardian's statement of the award's democratic nature, saying that "because of its broad electorate" the Hugos were the awards most representative of "reader popularity".
It felt compelling because it was original and duly won awards because of it.
In 1998, it was renamed the Oscar Robertson Trophy in honor of the player who won the first two awards because of his outstanding career and his continuing efforts to promote the game of basketball.
Apparently, the A.D.L. is giving Mr. Berlusconi its award because of his support of Israel and of Prime Minister Ariel Sharon.
The book caused controversy when Blue Peter dropped it from its book awards because of scenes of violence and swearing.
