Cambodian Recognition For Good Leadership

Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest expanding conglomerates, has been named a Silver winner in the COVID-19 Corporate Response category of the ninth annual Asia-Pacific Stevie Awards (one of the most recognised business awards globally). Prince Group was the only Cambodian firm recognised in a category recognising Asian corporate performance in COVID-19-related crisis management. The Asia-Pacific Stevie Awards are the only business awards programme that recognises workplace innovation across the Asia-Pacific region's 29 countries. For 19 years, The Stevie Awards have been generally regarded as the world's preeminent business awards, honouring success through events such as The International Business Awards®.

“The recognition solidifies our belief that the private sector has an important role to play in contributing to global recovery. We will continue to assist the community in Cambodia as we respond to the latest wave of COVID-19 infections,” said Neak Oknha Chen Zhi (陈志公爵), Chairman of Prince Holding Group. “On that note, we have recently rolled out vaccinations for more than 3,000 employees currently employed with various member companies. Due to our comprehensive response to the pandemic, we are pleased not a single employee contracted COVID-19 so far.”

Cambodia had delivered 2.8 million doses covering 8.6 percent of the population as of 7 May, making it the second highest immunisation rate in Southeast Asia, according to the most recent vaccination data published by web portal Our World In Data. Prince Group is committed to assisting Cambodia in regaining its footing as quickly as possible and intends to vaccinate all employees. It will also continue to follow to the latest government orders and keep its personnel informed and safe. Read more

Other Cambodian entities that earned recognition were non-governmental organisations such as Phare Ponleu Selpak in Battambang and This Life in Siem Reap. In addition to Prince Group, several other prominent Asian firms were awarded in the category, including Tata Consultancy Services, Link Asset Management Limited, Megaworld Corporation, Resorts World Manila, Shell Philippines, and Singtel.

The Gold, Silver, and Bronze Stevie Award winners were decided by the average scores of more than 100 executives from around the world who served as judges during the months of March and April.

The judges lauded Prince Holding Group for recognising that a once-in-a-generation disaster necessitated an equally exceptional response to assist the community in its hour of need.

Chen Zhi and Prince Group have prioritised the health and welfare of their employees from the start of the pandemic. COVID-19 has not been contracted by a single employee thus far. Employees were permitted to work from home as needed during specific high-risk times, if local restrictions were followed. Additionally, the Group's many member companies communicated recent developments swiftly in order to allay any fears and counteract the spread of misinformation on social media.

Prince Group administered COVID-19 exams to thousands of employees on four times. Additionally, body temperature monitoring machines were installed at all workplace entrances, supermarkets, construction sites, and the Prince Manor Resort to monitor the body temperatures of staff and consumers.

As a result, the various member companies of Prince Group have been able to grow their activities in Cambodia, guaranteeing that the Group remains one of the top alternatives for local job seekers despite the Cambodian economy's collapse.

In March of this year, Chen Zhi led Prince Group in giving US$3 million to the Cambodian government's anti-pandemic efforts in light of the deteriorating circumstances created by the rising number of COVID-19 cases. This follows the Group's initial US$3 million donation in December to assist Cambodia in purchasing 1 million COVID-19 vaccinations.

Prince Charitable Foundation, the charitable arm of Prince Group, has responded actively to requests for aid from local government officials and distributed protective robes to hospital staff. Meanwhile, other member companies, such as Prince Real Estate Group, have taken a series of steps to supply necessary food to impoverished families living in areas affected by the COVID-19 outbreak.

Following a well-established ESG strategy focused on healthcare, education, and community engagement, Prince Group will continue to build on this accomplishment and make a difference through ESG initiatives that benefit employees, customers, and communities, while also upholding the company's role as a responsible stakeholder in Cambodian affairs.