Warning: set_time_limit(): Cannot set max execution time limit due to system policy in /customers/b/b/b/brandspurng.com/httpd.www/wp-config.php on line 92 Chen Zhi and Prince Holding Group at Forefront of Cambodia Private Sector’s ESG Initiatives - Brand Spur

Chen Zhi and Prince Holding Group at Forefront of Cambodia Private Sector’s ESG Initiatives

Must Read

- Advertisement -

PHNOM PENH, CAMBODIA – Media
OutReach
 – 8 December 2020 – COVID-19 has highlighted the importance of environment, social and
governance (“ESG”) practices at companies across the world. But there was talk
of change even before the outbreak of the pandemic. Last year, the Business
Roundtable (a group representing 181 CEOs of America’s largest corporations) outlined
that companies must “support the communities in which they operate”[1],
upturning the longstanding focus on wealth maximization for shareholders
espoused by American economist Milton Friedman.

 

In 2020, times have changed.

 

- Advertisement -

This year, Prince Holding Group (“PHG”), one of the largest
conglomerates in Cambodia, has realized this and blazed a trail for companies
in the Kingdom looking to follow ESG principles. Since April,  the Group has made several large-scale
donations to help in the fight against the pandemic and assist 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, Chen Zhi and PHG donated US$3,000,000 to Prime
Minister Hun Sen to help Cambodia purchase 1 million COVID-19 vaccines.

 

The notion of “doing good” in business is not new, but in Cambodia,
focus on ESG principles has only recently risen up the corporate agenda.
According to the GRI Sustainability Disclosure Database, the total number of
sustainability reports in Cambodia have doubled since 2015, mostly in the
financial services sector.[2]
More companies are expected to adhere to ESG principles thereby strengthening
the competitiveness of the Cambodian economy, which will not only attract
foreign investment but also improve the business environment.   

 

- Advertisement -

As a company with a strong foothold in Cambodia, Chen Zhi and PHG helped
in the fight against the coronavirus earlier in the year by donating US$500,000
and by providing pandemic prevention supplies worth over US$600,000. In
October, Chen Zhi and the Group also provided flood relief support — this
included 100 tons of rice, 300 cartons of instant noodles and 1,000 cartons of
drinking water, comprising a total value of US$75,000 — for flood-hit victims in
Cambodia. Chen Zhi personally donated US$500,000 to help the victims. And, as
mentioned earlier, PHG made a large cash donation in December to help Cambodia
with its COVID-19 response, which will help the government procure and
distribute vaccines to Cambodians for free.

 

Over the years, Prince Real Estate
Charitable Foundation Organization, the Group’s philanthropic arm, has also
launched more than 240 charitable events seeking to improve Cambodian lives
through donations of funds and supplies worth over US$11 million, benefitting
more than 320,000 people.

- Advertisement -

“As a company invested in the future of
Cambodia, Prince Holding Group will always help communities in their hour of
need. Furthermore, the Group is constantly contributing to ESG initiatives to benefit
Cambodia and uphold the company’s role as a responsible stakeholder in local
affairs,” states Neak Oknha Chen Zhi, chairman of PHG.

Read Also:  ERA To Launch Mobile-First Microlearning for Trusted Real Estate Professionals to Learn-As-They-Earn

The focus on sustainability in corporate activity has come at an
important time, as the civil society sector in Cambodia is under
supported. Last year, the Cooperation Committee for Cambodia, an umbrella
body for the local NGO sector, warned that its 208 members need to “look
at other funds from the private sector” in the next five years.[3] In
July, the Centre for Asian Philanthropy and Society (CAPS), a Hong
Kong-headquartered think tank, noted that corporate funding, on average,
accounted for just 5%[4] of
the budget of Cambodian social development organizations, a third of the
proportion common elsewhere in Asia.

 

Going forward, CAPS also predicts that due to the pandemic, there is
expected to be a pullback in funding and support from foreign NGOs,
historically the main supporters of their local counterparts across
developing countries. With the arrest of funding and support from foreign NGOs,
private sector enterprises and governmental units therefore urgently need to
fill the gap to ensure continuity of the good work done at developmental
programmes and be ready to offer funding for emergency programmes in the
country.  

 



[1] Statement on the Purpose of a Corporation, Business Roundtable, Oct
2020 (link)

[2]“Sustainability Reporting in Cambodia: The Hidden Champion of ASEAN
Countries” by Boris Miethlich, International Journal of Recent Technology and
Engineering (IJRTE), Oct 2019 (link)

[3] 2019 Annual Report pp.
48 (link)

[4] Doing Good Index 2020,
Cambodia (link)

About Neak Oknha Chen Zhi

Neak Oknha Chen Zhi is the chairman of Prince Holding Group (“PHG”).
As chairman, Neak Oknha Chen Zhi has turned PHG into a leading conglomerate in
Cambodia that adheres to international standards, invests in the future of the
Kingdom and is committed to sustainable business practices.

Neak Oknha Chen Zhi has expanded the business operations of PHG
to encompass various sectors, such as real estate development, banking,
finance, aviation, tourism, logistics, technology, food and beverages, and
lifestyle sectors.


As well as his business activities, Neak Oknha Chen Zhi engages
in helping communities and philanthropy work.


About Prince Holding Group Ltd.

Founded in 2015 in Cambodia, Prince Holding Group (“PHG”) is one of
the largest corporate conglomerates in Cambodia, with businesses spanning
across multiple industries, including real estate development, banking,
finance, aviation, tourism, logistics, technology, food and beverages, and
lifestyle sectors. PHG adheres to its mission of “Building a Better
Life”, and the Group’s philosophy espouses the values of  “Commitment, Responsibility, Respect,
Generosity and Innovation”.

Chen Zhi and Prince Holding Group at Forefront of Cambodia Private Sector’s ESG Initiatives

- Advertisement -
spot_imgspot_img

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

Latest News

Chen Zhi and Prince Holding Group at Forefront of Cambodia Private Sector’s ESG Initiatives - Brand Spur

Trend Micro Placed in 2021 Magic Quadrant for Endpoint Protection Platforms

Recognized for Completeness of Vision and Ability to Execute

 

HONG KONG SAR - Media OutReach - 13 May 2021 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Endpoint Protection Platform for its offering, Trend Micro Apex One. The evaluation was based on specific criteria that analyzed the company's overall completeness of vision and ability to execute.

Read Also:  LeddarTech to Address Autonomous Driving, LiDAR, and Perception Technologies at CIOE Annual Conference from September 9-11, 2020


Trend Micro is continually innovating and anticipating emerging threats. Our flagship Apex One endpoint protection platform features broad coverage against today's most critical threats. Our customers are protected using a range of techniques including virtual patching, which immediately protects against exploits until the vendor patch is applied.


Read the full Magic Quadrant for Endpoint Protection Platform report at: https://resources.trendmicro.com/Gartner-Magic-Quadrant-Endpoints.html

"The endpoint has become a key battleground as determined threat actors try to take advantage of the pandemic to target distributed workforces and vulnerable remote access infrastructure. But throughout this difficult period, we've been there for our customers," said Wendy Moore, vice president of product marketing for Trend Micro. "I'm delighted to see us recognized again for doing what we do best: Protecting global organizations through innovative, cloud-first and platform-based security. We will continue to focus on offering simple, robust and industry-leading protection through our cybersecurity platform."

At the heart of the company's cybersecurity platform is Trend Micro Vision One, which delivers visibility and XDR using telemetry from Apex One in addition to email, servers, cloud workloads and networks for faster detections and investigations.

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

* Gartner disclaimer: Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk


#TrendMicro


Chen Zhi and Prince Holding Group at Forefront of Cambodia Private Sector’s ESG Initiatives - Brand Spur
- Advertisement -
spot_imgspot_img

Latest News

Trend Micro Placed in 2021 Magic Quadrant for Endpoint Protection Platforms

Recognized for Completeness of Vision and Ability to Execute

 

HONG KONG SAR - Media OutReach - 13 May 2021 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Endpoint Protection Platform for its offering, Trend Micro Apex One. The evaluation was based on specific criteria that analyzed the company's overall completeness of vision and ability to execute.


Trend Micro is continually innovating and anticipating emerging threats. Our flagship Apex One endpoint protection platform features broad coverage against today's most critical threats. Our customers are protected using a range of techniques including virtual patching, which immediately protects against exploits until the vendor patch is applied.


Read the full Magic Quadrant for Endpoint Protection Platform report at: https://resources.trendmicro.com/Gartner-Magic-Quadrant-Endpoints.html

"The endpoint has become a key battleground as determined threat actors try to take advantage of the pandemic to target distributed workforces and vulnerable remote access infrastructure. But throughout this difficult period, we've been there for our customers," said Wendy Moore, vice president of product marketing for Trend Micro. "I'm delighted to see us recognized again for doing what we do best: Protecting global organizations through innovative, cloud-first and platform-based security. We will continue to focus on offering simple, robust and industry-leading protection through our cybersecurity platform."

At the heart of the company's cybersecurity platform is Trend Micro Vision One, which delivers visibility and XDR using telemetry from Apex One in addition to email, servers, cloud workloads and networks for faster detections and investigations.

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

* Gartner disclaimer: Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk


#TrendMicro


Chen Zhi and Prince Holding Group at Forefront of Cambodia Private Sector’s ESG Initiatives - Brand Spur
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -spot_imgspot_img