The Board of the Directors of the Company (‘Board’) has approved this Policy, formulated by the CSR Committee, after taking into account the recommendations by the CSR Committee. The Board may amend the Policy as may be required from time to time, basis the recommendations of the CSR Committee. Any or all provisions of this Policy are subject to the applicable provisions of the Companies Act, 2013, and any subsequent amendments thereof made from time to time.

Since its inception in 1995, Samsung India has placed emphasis to being a responsible corporate citizen in the communities it operates in. As part of the Company’s Global Corporate Citizenship mission of ‘Together for Tomorrow! Enabling People’ and Samsung India’s vision of ‘Powering Digital India’, Samsung India aims to help people fulfil their true potential through its various CSR programs running across the country. The Company has made conscious efforts to ensure that interventions are need-based, community-oriented, sustainable and impact headline human development indicators favourably, while simultaneously being aligned with its core competencies as a leading global technology and innovations company.

Samsung India expects to make interventions and investments for improving the quality of life of people by focusing on social causes. The specific programs/ activities under these focus areas are finalised in due course during the year and submitted for approval of the Board. Samsung India may take up other projects, programs or activities relating to entries as per Schedule VII of the Companies Act as it may consider appropriate from time to time. This may include but not be limited to the following areas:
• Promoting education, including special education and employment enhancing vocational skills especially among children, youth, women, the elderly and differently-abled, and livelihood enhancement projects.
• Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water.
• Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and handicrafts.
• Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports
• Contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Government of India such as PMCARES, or any fund set up by any government of a State or UT of the Union of India for socio economic development and for relief and welfare of its citizens
• Contributions provided for programs of or collaborations with educational institutions, and skilling bodies approved by the Government of India or any government of a State or UT of the Union of India and eligible as implementing partners as per CSR Rules.
• Promoting healthcare including preventive healthcare and sanitation, including making available safe drinking water and aid for differently-abled persons. • Rural development projects.
• Disaster relief(s).
Subject to the legal provisions, the Board shall have the discretion to take a call on whether any activity falls within the entries above and in Schedule VII and its decision shall be final. Company shall give preference to the local areas and areas around it where it operates, for spending the amount earmarked for CSR activities for year.

Activities excluded from the purview of Samsung India’s CSR expenditure:
• Activities which are exclusively for the benefit of employees of the Company or their family members
• Activities undertaken in pursuance of normal course of business of the Company • Direct or indirect contribution to political parties, if any
• Expenditure on item/s not in conformity with Schedule VII of the Companies Act 2013, as amended
• One-off events
• Expenses incurred for the fulfilment of any obligations/compliance under any Act/Statute

• Focus of CSR activities of Samsung India will be across India but needs of the catchment areas of Samsung offices/manufacturing units may be given preference.
• Samsung expects to invest through a combination of financial grants, technology, in-kind program contributions, and other activities, which may include employee volunteering and expertise sharing.
• Technology and in-kind program contribution may include donations of products (including hardware and software). Samsung may enter into partnerships with government, partners and communities to scale, sustain and create multiplier effect of its social and environment projects over the long term.
• The time period over which a particular project or program will be spread, will depend on its nature, extent of coverage and the intended impact of the program.
• The mode of implementation of CSR programs will include a combination of direct implementation and partnership with government institutions, training institutes etc. Samsung will select its activity partners after appropriate due diligence.
• The Company may use the services of internal teams, expert agencies, consultancy firms, etc, wherever required for carrying out baseline surveys, guidance on project design and implementation, due diligence of implementation partners, impact assessment surveys, etc.
• The Company will encourage its employees to volunteer for community service.

• Samsung India has undertaken to spend at least two (02) per cent of the average net profit made during the three (03) immediately preceding financial years on specific CSR projects and programs in compliance to The Companies Act.
• In the event of the company failing to spend the allocated annual budget, reasons for not spending will be provided in the Company’s Annual Report.
• The computation of average net profits will be carried out in accordance with the provisions of Section 198 of the Companies Act, 2013.
• The unutilized CSR budget from the two (02) per cent of the average net profit, if any, will be transferred to a separate bank account within 30 days from the end of financial year.
• The Board shall make disclosures in the Annual Report as per clause (o) of sub-section (3) of section 134 including particulars specified in annexures to the CSR Rules.
• Surplus arising out of CSR projects, programs or activities shall not form part of the business profits of the Company. Instead, the same will be further deployed for future CSR projects only.

The CSR Committee will periodically review, monitor and update the Board about ongoing and any new CSR projects or programs, and the Board will ensure that the activities are included in this Policy are undertaken as per this Policy and in compliance with the CSR Rules.

Roles & Responsibility of the CSR Committee
• Formulate the CSR Policy and seek approval of the Board.
• Review the Policy on a yearly basis and make necessary changes from time to time, as required.
• Formulate and share the CSR action plan with budget for the year with the Board and seek approval.
• Implement the activities either through the implementation partner or directly through its internal team.
• Spend the allocated amount on CSR activities once approved by the Board and create a transparent monitoring mechanism of CSR initiatives.
• Hold periodic meetings and have their decisions approved/ratified by the Board from time to time.

Composition of the CSR Committee
The CSR Committee of the Board of Directors is constituted with the following members:
1. Corporate EVP & CFO, Mr Sangwon Lee, Chairman
2. President & CEO, Mr. Jong Bum Park, Member
3. Senior Director- Head of Risk Management, Mr. Gautam Sehgal, Member

The Company shall institute a monitoring mechanism for its CSR programs to ensure that each program has:

• Targets, timelines and measureable parameters, wherever possible
• A reporting framework that is aligned with the requirements of the legal provisions.

In compliance with the Legal Provisions, the Company will disclose the contents of this Policy in its Annual Report and also publish it on the Company’s website. Click here to view Annual Action Plan.