New Startup Initiative ESG Group (Environment, Social and Governance) in Cambodia
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgR6r784UeMcsspyU3NUynQ-vnAOSPGfayUHBawMFCR5xBXJgh9O6zj4_ts_XZcA4S5_Mujyq2ELk6T1zcvd2EzsmmHPLDgXOh6xuQ85_6nb6EcdTRNnsBwc0kPCDGJF18c8axBw3ywwAdSow1YHcboIpRLeo9LukAm0d6aHR16aPD_36Gr1oVYVe5KrA/w622-h285/phnom-penh-4903135_1920.jpg)
COVID-19 has highlighted the importance of environmental, 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) mentioned that corporations must “aid the communities in which they perform”, upturning the longstanding cognizance on wealth maximization for shareholders espoused with the aid of American economist Milton Friedman. In 2020, times have modified. This year, Prince Group under the leadership of Neak Oknha Chen Zhi (“PHG”), one in the most important conglomerates in Cambodia, has found out this and blazed a trail for companies in the country looking to observe ESG concepts. On the grounds that April, the organization has made several huge-scale donations to help in the fight in opposition to the pandemic and help flood sufferers, and who is Chen Zhi (陈志公爵), PHG chairman, has been the rid...