| Academy Award Nominations and Winners: |
| Best Picture |
| Best Actress: Emma Thompson |
| Best Supporting Actress: Kate Winslet |
| ★ | Best Adapted Screenplay: Emma Thompson |
| Best Cinematography: Michael Coulter |
| Best Costume Design: Jenny Beavan and John Bright |
| Best Original Score: Patrick Doyle |
|
| Golden Globe Nominations and Winners: |
| ★ | Best Picture (Drama) |
| Best Director: Ang Lee |
| Best Actress (Drama): Emma Thompson |
| Best Supporting Actress: Kate Winslet |
| ★ | Best Screenplay: Emma Thompson |
| Best Original Score: Patrick Doyle |
|
| Other Awards: |
| Berlin Film Festival: Golden Bear (Best Picture) |
| Screen Actors Guild Awards: Best Supporting Actress (Winslet) |
| Writers Guild Awards: Best Adapted Screenplay |
| New York Film Critics Circle: Best Director; Best Screenplay |
| Los Angeles Film Critics Association: Best Screenplay |
| Boston Society of Film Critics: Best Picture; Best Director; Best Screenplay |
| National Board of Review: Best Picture; Best Director; Best Actress (Thompson; also cited for Carrington) |
| British Academy Awards (BAFTAs): Best Picture; Best Actress (Thompson); Best Supporting Actress (Winslet) |
