Joining Asia Responsible Enterprise Club

 


At the 2021 Asia Responsible Enterprise Awards, Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest expanding conglomerates, was honoured for responsible entrepreneurship (AREA). Prince Group was recognised for its high-impact work in Cambodia during the COVID-19 pandemic. Prince Group got its fifth award this year, highlighting the company as a leading Asian enterprise advocating sustainable development in Cambodia and beyond the ASEAN region, according to regional and international judging panels.

AREA, which was founded in 2011, looks for instances of green leadership, human capital investment, health promotion, social empowerment, corporate governance, circular economy leadership, and responsible business leadership. It has worked to build a community of like-minded peers so that Asia's greatest businesses may learn from one another, and Prince Group is the latest addition to the list. Its goal is to encourage corporate engagement that is in line with the United Nations' Sustainable Development Goals.

https://en.wikipedia.org/wiki/Sustainable_Development_Goals

Foxconn Education Foundation, WPP India Foundation, and King Power International Co., Ltd. are among the other AREA recipients. Prince Group was honoured in the Social Empowerment category for a multi-sector response that included a collaboration of business units, government ministries, and non-governmental groups to carry out swift and coordinated activities. Prince Group was previously awarded at the Stevie Awards Asia Pacific for its COVID-19 corporate response, and Neak Oknha Chen Zhi, Chairman of Prince Group, was named Entrepreneur of the Year at the 2021 International Business Awards.

Over the last year, the Group has collaborated with the Ministry of Education, Youth and Sport (MoEYS) to launch the Chen Zhi Scholarship programme for 400 Cambodian university students, donated US$1 million in aid to civil society organisations better positioned to make an impact in rural areas, donated US$6 million to the Cambodian government's anti-pandemic efforts, including the purchase of 1 million COVID-19 vaccines, and organised several rounds of COVID-19 vaccinations to ensure that all Cambodian With a focus on post-pandemic recovery in Cambodia, the Group started work on Ream City, an 834-hectare coastal development project with a masterplan by Singapore's Surbana Jurong that aims to transform Sihanoukville into a sustainable ecosystem of tourism, commercial, and residential activity with the capacity to house up to 130,000 people.

“Prince Group, leveraging the work of Prince Foundation, has consistently worked to ensure our commercial and philanthropic operations work in tandem to make a difference to our employees, residents in Cambodia and the environment,” said Neak Oknha Chen Zhi, Chairman of Prince Group. “We will continue to work hard to raise Cambodia’s profile internationally and learn from our peers across the region as we look to rebuild to deliver a sustainable and resilient future.”

Prince Group has invested more than US$2 billion in local initiatives over the years, and the conglomerate will continue to demonstrate its long-term commitment to Cambodia in a variety of ways.


Comments

Post a Comment

Popular posts from this blog

Leading Anti-Pandemic Initiatives

Image
  Prince Real Estate provides daily necessities to 804 underprivileged Chamkarmon District families affected by the February 20 community outbreak. Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest growing conglomerates, and Chairman Neak Oknha Chen Zhi have announced plans to donate US$3 million to anti-pandemic efforts in the Kingdom in response to the Cambodian Government's call for assistance in combating the February 20, 2021 Covid-19 outbreak. This follows Chen Zhi's initial US$3 million donation in December to assist Cambodia in purchasing COVID-19 vaccines. Furthermore, Prince Real Estate, a member of Prince Group, has distributed vital food supplies to 804 families in need and 234 members of the police force in Chamkarmon District, Phnom Penh, Cambodia affected by the February 20, 2021 Covid-19 outbreak, following in the footsteps of Prince Group and Cambodia Prince ChenZhi . Refer to this -  https://en.wikipedia.org/wiki/Khan_Chamkar_Mon
Read more

Bringing ESG For Positivity Development

Image
  COVID-19 has emphasised the significance of environmental, social, and governance (“ESG”) practises in businesses around the world. However, there was talk of change even before the pandemic. Last year, the Business Roundtable (a group of 181 CEOs from America's largest corporations) stated that companies must "support the communities in which they operate," reversing the long-held focus on shareholder wealth maximisation advocated by American economist Milton Friedman. The year is 2020, and things have changed. This year, Prince Holding Group (“PHG”), one of Cambodia's largest conglomerates, recognised this and blazed a trail for companies in the Kingdom seeking to adhere to ESG principles. Since April, the Group has made several large-scale donations to aid in the fight against the pandemic and flood victims, and Neak Oknha Chen Zhi (陈志公爵) has been the driving force behind the donations. For example, in early December, Chen Zhi and PHG gave Prime Minister Hun Sen
Read more