"As I collect this honour, I would like to take the opportunity to express my gratitude for all the help and support I have had from the Royal Society of Chemistry and my colleagues.
"It's not far-fetched to say that chemistry can help to provide answers for many of the great questions we face as a society, from energy to medicine, so I'm still excited to be involved in a wonderful area of science".
Chief Executive of the Royal Society of Chemistry, Dr Robert Parker, said: "Lesley is inspirational to work with and it's fitting that she receives this honour during her tenure as president of the Royal Society of Chemistry.
"As the first woman to hold that post in the 173 year history of our organisation and for her many years devoted to ground-breaking chemistry research, I am especially pleased to see Lesley honoured explicitly for her outstanding service to chemistry."
Professor Yellowlees was previously appointed Member of the Order of the British Empire (MBE) in 2005, for services to science, the same year she became a Fellow of the Royal Society of Chemistry. She became a Fellow of the Royal Society of Edinburgh in 2012 and is also a Fellow of the Institute of Physics.