Prince Group Wins "Best Country Awards for Overall CSR Excellence, Best in Cambodia" at The Global CSR Awards 2021
PENH, CAMBODIA - Media
OutReach - 17 November 2021 - Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest growing
conglomerates, has been recognized as the Gold Winner of "Best Country Awards
for Overall CSR Excellence, Best in Cambodia" at The Global CSR Awards 2021,
now in its 13th year. Prince Group was selected among some of the best
companies from Asia, United Arab Emirates and Europe.
The Global CSR Awards 2021 is
one of Asia's most prestigious recognition awards programme for corporate
social responsibility and corporate governance. The programme recognizes and
honours companies for outstanding, innovative and world-class products,
services, projects and programmes implemented in the past or present. These
projects demonstrate the companies' leadership, sincerity, on-going commitment
in incorporating ethical values, compliance with legal requirements, and
respect for individuals, communities and the environment in the way they do
This year, over 350 entries
were received from over 100 companies all over the world and a final selection
of 50 companies were recognized by the judging panel as institutions
demonstrating strong corporate social responsibility programmes in the second
year of the COVID-19 pandemic era.
"Prince Group is deeply
honoured to receive the recognition from The Global CSR Awards 2021, affirming
our contributions as a responsible corporate citizen in Cambodia," said Gabriel
Tan, Chief Communications Officer of Prince Group. "Prince Group and our units
will continue to work with Prince Foundation, our philanthropic arm as well as
external stakeholders including various ministries and NGOs to make a
difference together to Cambodia's future."
Mr Tan was also invited to
deliver a keynote on Cambodia's recovery journey in the 12th and 13th
Annual Global CSR Summit held on the same day of the awards announcement. Other
speakers included some of the region's leading thought leaders in
sustainability such as Ocean Recovery Alliance founder Doug Woodring and the
sustainability leads at Schneider Electric (South Asia), Infosys and
Bridgestone Asia Pacific.
Cambodia has completed a
remarkable recovery following a surge in COVID-19 infections midway through the
year. Prince Group contributed significantly through the purchase of 1 million
COVID-19 vaccines, donations worth US$6 million to bolster the Cambodian
government's anti-pandemic efforts and the launch of the Chen ZhiScholarship, a financial aid programme
that promises to transform the lives of 400 underprivileged Cambodian
university students in the coming seven years. Prince Group will contribute
full tuition fees and stipends totaling US$2 million.
This is the eighth
international award received by Prince Group this year, demonstrating Prince
Group's commitment towards championing sustainable development in Cambodia and
across the ASEAN region. To date, Prince Group has also been recognized
this year at the 2021 International Business Awards, the eighth annual
Asia-Pacific Stevie Awards and the Group was also recognized as a conglomerate
displaying responsible entrepreneurship at the 2021 Asia Responsible Enterprise
Awards ("AREA"). Over the past five years, Prince Group has invested more than
US$3 billion in projects in Cambodia.
The issuer is solely responsible for the content of this announcement.
About Prince Holding Group:
Holding Group is one of the largest conglomerates in Cambodia, with its various
units focusing on three core areas: real estate development, financial services
and consumer services.
Holding Group's key business units in Cambodia include Prince Real Estate
Group, Prince Huan Yu Real Estate Group, Prince Bank, Cambodia Airways, Belt
Road Capital Management, as well as Awesome Global Investment Group. Via its
subsidiaries, Prince Holding Group has over 80 businesses in Cambodia operating
in real estate development, banking, finance, aviation, tourism, logistics,
technology, food and beverages, and lifestyle sectors etc.
foreign direct investment, free trade agreements with leading countries and
future participation in the Regional Comprehensive Economic Partnership are
expected to act as key drivers for the Cambodian economy, supported by
pro-industry policy initiatives by the government.
a network of industrial, business and financial professionals across Asia,
Prince Holding Group has laid the foundation to be a vital conduit for local
and international capital. The Group is firmly committed to the long-term
development of Cambodia. For example, Prince Holding Group is developing Ream City, an upcoming tourism and residential project that will be
one of Cambodia's first sustainable real estate projects, aiming to secure $16
billion in total investment for the region. Located conveniently within a
10-minute drive from the Sihanoukville International Airport, the project aims
to contribute to economic recovery in Sihanoukville.