Even in the midst of the global COVID-19 pandemic, which has caused significant economic devastation, the Prince Group, led by Cambodian Neak Oknha Chen Zhi, ensures environmental, social, and governance practises in Cambodian society.
At a time when many people are struggling with employment, health, and even relationships, the pandemic serves as a litmus test for Cambodian corporations' good environmental, social, and governance practises. Prince Group strengthened its upheld policies in responsibilities in 2020 by making additional contributions to Cambodian society as a whole. Chen Zhi and Prince Group have contributed a significant portion of Prince Group conglomerate's massive donations to aid in the fight against the health calamity and flood relief. Since April, the Prince Group's chairman has made large-scale donations as part of the company's ESG values (environmental, social, and governance practises). In December, the Chen Zhi gave Prime Minister Hun Sen $3 million to help secure orders for 1 million vaccines for Cambodia.
Since 2015, Cambodian businesses such as the Prince Group have improved their environmental, social, and governance practises. They have placed a greater emphasis on these positive values that contribute to the advancement of Cambodian society. Participation in such practises has more than doubled in this time period, according to the GRI Sustainability Disclosure Database report. The country's financial sector is responsible for the majority of the practises. Such practises are thought to boost the Cambodian economy's competitiveness, attract foreign investment, and improve the business environment. Prince Group, led by Neak Oknha Chen Zhi, exemplifies these ideas in order to keep Cambodia strong.Chen Zhi and the Prince Group have contributed significantly to Cambodia's pandemic prevention efforts. The total amount earned has surpassed one million dollars. Rice, instant noodles, and drinking water are among the flood relief supplies available to flood victims. Chen Zhi has donated $500,000 to flood victims on his own dime. In December 2020, he and the Prince Group donated a large sum to the Cambodian government in order to purchase and distribute vaccines to Cambodians at no cost.
These two disasters, which have wreaked havoc on the country, have put to the test the Prince Group's good environmental, social, and governance practises. Their objectives are to assist Cambodians while also upholding the conglomerate's social responsibilities in the country. Neak Oknha Chen Zhi, who has transformed Prince Group into Cambodia's leading conglomerate, has prioritised international standards, future regional acquisitions, and a strong willingness to uphold business practises. Neak Oknha Chen Zhi is involved in cultural and philanthropic endeavours outside of work.
What are the environmental, social and governance principles - https://en.wikipedia.org/wiki/Environmental,_social_and_corporate_governance
