Our ESG Commitment
As a leading conglomerate in Cambodia, Prince Holding Group embraces its responsibilities towards sustainable development. At the Group level, our Environment, Social and Governance (ESG) strategy is a three-pronged focus on education and youth development, healthcare, and community engagement. In addition, Prince Holding Group is working on developing a holistic ESG plan that will guide our subsidiaries’ expansion plans.
In terms of disaster relief and healthcare, Prince Holding Group made several large-scale donations to help in the fight against the pandemic and assist flood victims in 2020. The Group also provided flood relief support in terms of financial aid and essential supplies. In March 2021, Prince Holding Group Chairman Neak Oknha Chen Zhi answered the call for assistance from the Cambodian Government to combat the February 20 COVID-19 outbreak by announcing plans to donate US$3 million towards pandemic mitigation and prevention efforts. At the end of 2020, Chairman Neak Oknha Chen Zhi also contributed US$3 million to help Cambodia purchase of COVID-19 vaccines.
In terms of education and youth development, we have launched a watchmaking school, helped recruit an experienced coach to train Cambodia’s national volleyball team and we will soon launch the Kingdom’s largest scholarship program funded by a private company. We will continue to discover new ways to make a difference and follow measurable strategies to upskill the local communities.
Up till now, the Prince Charitable Foundation has organized more than 250 activities and donated funds and other materials worth more than US$14 million benefitting an estimated 500,000 Cambodians.
As the COVID-19 pandemic has demonstrated, it has never been more important for companies to take care of the communities where they operate. Not only has Prince Holding Group invested more than US$2 billion in corporate ventures over the past five years, it has and will continue to grow while keeping the interests of Cambodians in mind.
Our ESG Initiatives
Spearheading Cambodia’s Development
Applying our local knowledge and a global perspective, Prince Holding Group actively participates in Cambodia’s future socioeconomic development