The 2021 Asia Responsible Enterprise Awards acknowledged Prince Group under the leadership of Chen Zhi Cambodia, one of Cambodia's largest and fastest-growing conglomerates, for responsible entrepreneurship (AREA). During the COVID-19 pandemic in Cambodia, Prince Group was lauded for its impactful activities. Regional and international judging panels have recognised Prince Group as a leading Asian corporation advocating sustainable development in Cambodia and throughout the ASEAN region. This is the sixth award Chen Zhi Cambodia's Prince Group has received this year.
AREA, which was founded in 2011, aims to find instances 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 develop a network of like peers so that the finest businesses in Asia may 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 among recipients of AREA grants. Prince Group was recognised in the Social Empowerment category for a multi-sector response involving a cooperation of business units, public ministries, and non-governmental groups 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 Prince Group's chairman, Neak Oknha Chen Zhi, was named Entrepreneur of the Year at the 2021 International Business Awards. Learn 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 that all Cambodians are protected Ream City is an 834-hectare coastal development project with a masterplan by Singapore's Surbana Jurong. It aims to transform Sihanoukville into a sustainable environment for tourism, commercial, and residential activity with the capacity to house up to 130,000 persons. “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 initiatives over the years, and the conglomerate will continue to demonstrate its long-term commitment to Cambodia in a variety of ways.
