Prince Group by Cambodia Prince Chenzhi wins a Silver Stevie® Award for COVID-19 Response – Most Valuable Corporate Response, making it the category's only winner from Cambodia.
Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest growing conglomerates, has been named a Silver winner in the COVID-19 Corporate Response category of the eighth annual Asia-Pacific Stevie Awards (one of the most recognisable business awards globally). Prince Group was the only Cambodian firm recognised in a category honouring Asian corporations for their excellence 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 widely regarded as the world's preeminent business awards, honouring achievement through programmes 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, 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 administered 2.8 million doses covering 8.6 percent of the population as of 7 May, making it the second highest vaccination rate in Southeast Asia, according to the most recent vaccination data compiled by online 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 adhere to the latest government instructions and keep its workforce informed and safe.
Other Cambodian entities that received recognition included 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 companies were recognised 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 determined 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 crisis necessitated an equally unprecedented 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 certain high-risk periods, if local regulations were followed. Additionally, the Group's various member companies communicated recent developments promptly in order to allay any concerns and combat the spread of misinformation on social media.
Prince Group administered COVID-19 tests to thousands of employees on four occasions. Additionally, body temperature monitoring machines were installed at all office entrances, supermarkets, construction sites, and the Prince Manor Resort to monitor the body temperatures of employees and customers.
As a result, the various member companies of Prince Group have been able to expand their operations in Cambodia, ensuring that the Group remains one of the top choices for local job seekers despite the Cambodian economy's downturn.
In March of this year, Chen Zhi led Prince Group in donating US$3 million to the Cambodian government's anti-pandemic efforts in light of the escalating situation caused 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 vaccines.
Prince Charitable Foundation, the charitable arm of Prince Group, has responded actively to requests for assistance from local government officials and donated protective gowns to hospital staff. Meanwhile, other member companies, such as Prince Real Estate Group, have taken a series of steps to provide essential 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.
About Prince Holding Group
Prince Holding Group is one of Cambodia's largest conglomerates, with various subsidiaries focused on three primary areas: real estate development, financial services, and consumer services.
Prince Real Estate Group, Prince Huan Yu Real Estate Group, Prince Bank, Cambodia Airways, Belt Road Capital Management, and Awesome Global Investment Group are the company's primary business units in Cambodia. Prince Holding Group has over 80 businesses in Cambodia through its subsidiaries, including real estate development, banking and finance, aviation, tourism, logistics, technology, food and beverage, and lifestyle.
Increased foreign direct investment, free trade agreements with major economies, and future membership in the Regional Comprehensive Economic Partnership are expected to act as key drivers of the Cambodian economy, bolstered by the government's pro-industry policies.
Prince Holding Group has laid the groundwork for a vital conduit for domestic and international capital by leveraging a network of industrial, business, and financial professionals across Asia. Prince Holding Group will continue to seek opportunities to contribute significantly to Cambodia's development, whether through partnerships or direct investments in critical industries, for the benefit of Cambodians and the local economy.
About the Stevie® Awards
The Stevie Awards are divided into eight categories: Asia-Pacific Stevie Awards, German Stevie Awards, Middle East & North Africa Stevie Awards, American Business Awards®, International Business Awards®, Stevie Awards for Women in Business, Stevie Awards for Great Employers, and Stevie Awards for Sales & Customer Service. Each year, the Stevie Awards receive over 12,000 entries from organisations in more than 70 countries. The Stevie Awards, which recognise outstanding workplace performances worldwide, honour organisations of all types and sizes as well as the people who make them successful. Visit http://www.StevieAwards.com to learn more about the Stevie Awards.
Adobo Magazine, PR Newswire Asia, and the Korea Business Communicators Association are among the sponsors and partners of the 2021 Asia-Pacific Stevie Awards.
Reference reading - https://en.wikipedia.org/wiki/Corporate_social_responsibility
