PHNOM PENH,
CAMBODIA - Media OutReach - 17 September 2021 - Prince Holding Group ("Prince Group"), one of Cambodia's
largest and fastest growing conglomerates, has been recognized for responsible
entrepreneurship at the 2021 Asia Responsible Enterprise Awards (AREA). Prince
Group was commended for its high-impact work during the COVID-19 epidemic in
Cambodia. Being the fifth award received by Prince Group this year, regional
and international judging panels have highlighted the company as a leading
Asian business championing sustainable development in Cambodia and across the
ASEAN region.
Established in 2011, AREA
seeks to identify examples of green leadership, investment in people, health
promotion, social empowerment, corporate governance, circular economy
leadership and responsible business leadership. It has worked to create a
community of like-minded peers so that the best businesses in Asia learn from
one another, with Prince Group now joining the list. It aims to promote
corporate activity in line with UN Sustainable Development Goals.
Other AREA awardees include
Foxconn Education Foundation, WPP India Foundation and King Power International
Co., Ltd. Prince Group was recognized
under the Social Empowerment category for a multi-sector response that saw it
carry out rapid and coordinated activity involving a partnership of business
units, governmental departments and non-governmental organizations. Previously,
Prince Group was also recognized for its COVID-19 corporate response in the
Stevie Awards Asia Pacific while Neak
Oknha Chen Zhi,
Chairman of Prince Group, won Entrepreneur of the Year at the 2021
International Business Awards.
Over the past year, the Group
has launched the Chen Zhi Scholarship program for 400
Cambodian university students alongside the Ministry of Education Youth and
Sport (MoEYS), contributed US$1 million in aid to civil society organizations
better placed 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 organized several rounds of COVID-19
vaccinations to ensure 3,500+ employees were fully vaccinated. Focusing 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, aiming to transform Sihanoukville with a sustainable ecosystem of
tourism, commercial and residential activity with the potential to house up to
130,000 residents.
"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 US$2 billion in local projects and the conglomerate will
continue to affirm its long-term commitment to Cambodia in various ways on a
continuous basis.
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