Joining Asia Responsible Enterprise Club

 


One of Cambodia's largest and fastest growing conglomerates, Prince Holding Group ("Prince Group"), has been recognised for responsible entrepreneurship at the 2021 Asia Responsible Enterprise Awards (AREA). Prince Group was recognised for its high-impact work in Cambodia during the COVID-19 epidemic. This is Prince Group's fifth award this year, and regional and international judging panels have recognised the company as a leading Asian business championing sustainable development in Cambodia and across the ASEAN region.

AREA, which was founded in 2011, seeks to identify examples of green leadership, people 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 best businesses can learn from one another, and Prince Group is the latest to join the list. Its goal is to encourage corporate activity that is consistent with the UN Sustainable Development Goals. Read more here

Foxconn Education Foundation, WPP India Foundation, and King Power International Co., Ltd. are among the other AREA awardees. Prince Group was recognised in the Social Empowerment category for a multi-sector response that involved a partnership of business units, government departments, and non-governmental organisations. Previously, Prince Group was recognised in the Stevie Awards Asia Pacific for its COVID-19 corporate response, and Neak Oknha Chen Zhi Cambodia, Chairman of Prince Group, was named Entrepreneur of the Year at the 2021 International Business Awards.

Over the past year, the Group has launched the Chen Zhi Scholarship programme for 400 Cambodian university students in collaboration with the Ministry of Education, Youth, and Sport (MoEYS), 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 protection. With a focus on Cambodia's post-pandemic recovery, the Group began 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 capable of housing 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.”

Over the years, Prince Group has invested more than $2 billion in local projects, 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

Development Of The Retail Scene

Image
  Prince Real Estate Group, a subsidiary of Prince Holding Group, Cambodia's largest conglomerate under Prince Chenzhi , successfully concluded an investment agreement for Prince Square. The project will be the developer's first commercial retail venture in Phnom Penh, Cambodia, and will bring a slew of well-known brand names to the city, including Adidas, Levi's, Skechers, Nike by Supergo, Huawei, OPPO, Potato Corner, Dakasi, Panda Cake, and Pizza Hut. Phnom Penh is steadily integrating into the global economy as a metropolitan area. According to the Globalization and World Cities Research Network, Phnom Penh was classified as a Gamma+ city in 2020 (cities that connect smaller economic regions to the global economy) after climbing the ranks in the preceding two years. Learn more With a total retail floor area of 35,000 square metres. Prince Square will be a four-story structure that will house a large supermarket, an international cinema, a fitness centre, international re
Read more

New Launch Of Scholarship For The Youth

Image
  Prince Holding Group ("Prince Group"), one of Cambodia's major corporations, has signed an agreement with the Ministry of Education, Youth, and Sport (MoEYS) to establish a scholarship programme for Cambodian university students. Prince Group will cover the whole cost of tuition and stipends for 400 selected students pursuing Bachelor of Science degrees at prestigious Cambodian universities, including the Royal University of Phnom Penh, the National University of Management, and the Institute of Technology of Cambodia. Prince Group will provide more than US$2 million over a seven-year period. Due to the critical nature of public-private partnerships, Prince Group will collaborate with the government to accomplish the goals established in the Education Strategic Plan (2019-2023). Prince Group will collaborate with MoEYS to ensure students receive financial assistance, training, mentoring, and employment opportunities to bolster learning in three areas: sustainable real e
Read more

Project Of Cambodian Agriculture

Image
  Globally, the COVID-19 epidemic has rewritten the fundamental assumptions that drive numerous sectors. Environmental conservation is now a critical component of Cambodia's agricultural recovery efforts, and Neak Oknha Chen Zhi (陈志公爵) and Prince Group are leading the charge. Agriculture is a vital sector in Cambodia, employing more than a third of the workforce, and the current crisis presents an opportunity for the sector to “build back better”, as the CGIAR, the world's largest agricultural research network, puts it. Developing countries such as Cambodia rely on agricultural exports and must abandon old farming practises that rely on fertilisers, pesticides, water-intensive procedures, and legacy farming systems that contribute to deforestation and soil erosion. Chen Zhi and Prince Group Cambodia launched the Ecological Agriculture Plantation at Prince Manor Resort in Phnom Penh, Cambodia, earlier this year. The project will establish a state-of-the-art agricultural hub wit
Read more