Entry Into Asia Responsible Enterprise Club

 


The 2021 Asia Responsible Enterprise Awards recognised Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest-growing conglomerates, for responsible entrepreneurship (AREA). During the COVID-19 epidemic in Cambodia, Chen Zhi Cambodia's Prince Group was commended for its impactful work. Regional and international judging panels have recognised Prince Group as a leading Asian business championing sustainable development in Cambodia and throughout the ASEAN region. This is the fifth award Prince Group has received this year.

AREA was founded in 2011 with the mission of identifying examples of green leadership, investment in people, health promotion, social empowerment, corporate governance, leadership in the circular economy, and responsible business leadership. It has worked to create a community of similar peers so that the best businesses in Asia can learn from one another, and Prince Group is now a part of this community. It seeks to encourage corporate activity in accordance with the UN Sustainable Development Goals.

Foxconn Education Foundation, WPP India Foundation, and King Power International Co., Ltd. are also recipients of AREA grants. Prince Group was recognised in the Social Empowerment category for a multi-sector response involving a partnership of business units, governmental departments, and non-governmental organisations that was swift and coordinated. Prior to this, Prince Group was also recognised for its COVID-19 corporate response by the Stevie Awards Asia Pacific, and the company's chairman, Chen Zhi Cambodia, was named Entrepreneur of the Year at the 2021 International Business Awards. Read more

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), contributed US$1 million in aid to civil society organisations better positioned to have 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 the safety of the population. Focusing on Cambodia's post-pandemic recovery, the Group launched Ream City, an 834-hectare coastal development project with a masterplan by Singapore's Surbana Jurong, with the goal of transforming Sihanoukville into a sustainable ecosystem for 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 $2 billion in local projects over the years, and the conglomerate will continue to demonstrate its long-term commitment to Cambodia in a variety of ways.


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