Since 1992, the SPD sub-district of Wiesbaden and its senior citizens' working group 60 plus have been awarding the prize named after Georg Buch "in memory of the work of the long-serving mayor of Wiesbaden, president of the state parliament and great social democrat". All citizens of Wiesbaden can submit nominations. A jury decides on the awarding of the prize, while the award ceremony takes place as part of a public event. The prize can be awarded to "groups and individuals" who "make a social contribution to the fellow citizens of our city", in particular those who "work for and with senior citizens" or who are involved in intergenerational initiatives. Their activities must focus on Wiesbaden.

The prize has so far been awarded, for example, to the Active Museum Spiegelgasse (1998), to Elke Klotsch, Erica von Moeller and Stefan Heintzenberg for their documentary film "Rechtlos im eigenen Land. Drei Frauen der Wiesbadener Arbeiterjugend" (2001), the Freiwilligenzentrum Wiesbaden unter dem Dach der Volkshochschule Wiesbaden e.V. (2003), the Freunde der Stadtbibliothek Wiesbaden (2006), the Wiesbadener Tafel (2009) and the NaturFreunde Wiesbaden und Schierstein e.V. (2013). The tenth award was presented to Dutch-born Lex Hoogstadt in 2015 to mark the 20th anniversary of Buch's death. At the beginning of the year, he initiated the "No-Pegida Walk - For Openness, Tolerance, Democracy and Solidarity: No Place for Hate and Violence" in Wiesbaden, where around 10,000 people peacefully expressed their protest against right-wing extremism and right-wing populism.