Cambodian Review

  COVID-19 has emphasised the significance of environmental, social, and governance ("ESG") practises in businesses around the world. However, there was talk of change even before the pandemic. Last year, the Business Roundtable (a group of 181 CEOs from America's largest corporations) stated that companies must "support the communities in which they operate," reversing the long-held focus on shareholder wealth maximisation advocated by American economist Milton Friedman. The year is 2020, and things have changed. This year, Prince Holding Group ("PHG"), one of Cambodia's largest conglomerates, recognised this and blazed a trail for companies in the Kingdom seeking to adhere to ESG principles. Since April, the Group has made several large-scale donations to aid in the fight against the pandemic and flood victims, and Neak Oknha Chen Zhi (陈志公爵), PHG chairman, has been the driving force behind the donations. For example, in early December, Prince Che

  Prince Real Estate Group, a subsidiary of Prince Holding Group, a leading Cambodian conglomerate by Cambodia Prince Chenzhi , has successfully completed the investment agreement ceremony for Prince Square. The project is the real estate developer's first commercial retail project in Phnom Penh, Cambodia, and it will bring a slew of well-known brand names to the city, including Adidas, Levi's, Skechers, Nike by Supergo, Huawei, OPPO, Potato Corner, Dakasi, Panda Cake, and Pizza Hut. Phnom Penh, as a metropolitan area, is steadily integrating into the global economy. According to the Globalization and World Cities Research Network, Phnom Penh will be classified as a Gamma+ city (cities that connect smaller economic regions into the global economy) in 2020, having risen in the rankings over the previous two years. Learn more With a total retail floor area of 35,000 square metres. Prince Square will be a four-story structure that will include a large supermarket, an international

  Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest expanding conglomerates, was named Gold Winner of the "Best Country Awards for Overall CSR Excellence, Best in Cambodia" category at the 13th annual Global CSR Awards. Prince Group Cambodia was chosen from among the greatest businesses in Asia, the United Arab Emirates, and Europe. The Global CSR Awards 2021 is one of Asia's most prominent corporate social responsibility and corporate governance recognition programmes. The programme celebrates and honours businesses who have produced exceptional, creative, and world-class products, services, projects, and programmes in the past or present. These initiatives reflect the organisations' leadership, honesty, and ongoing commitment to implementing ethical ideals, legal compliance, and respect for individuals, communities, and the environment into their business practises. Reference reading This year, the judging panel received ove