The 56 year old will be recognised for her career with the Eurythmics and as a solo artist and for all of the dedication she has shown to charity.
In June, Lennox was appointed an OBE for her work fighting Aids and poverty in Africa.
Tracey Emin and Kate Winslet are among the nominees at the London event to honour the UK's "most inspirational, aspirational and stylish women".
Singer Adele will be handed a next generation inspiration award, maybe a little early for something like that for young Adele but none the less, a great achievement.
Lennox, a prominent peace activist, is a UNAids goodwill ambassador and an ambassador for Oxfam. She founded the Sing campaign in 2007 to raise awareness of Aids in Africa.
She has sold more than 80 million albums worldwide with the Eurythmics and as a solo artist.
