1 Dec 2020 07:00
Charitable Contribution
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The Board of Directors of Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") on November 30, 2020 authorized the following contribution.
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Contribution to the United Nations Development Programme (UNDP)
- As a part of our partnership with the UNDP and engagement in the United Nation's effort to achieve
The Global Goals*, SEC will make a charitable contribution sourced from the proceeds of our user-
participation sustainability platform, Samsung Global Goals, and the matching fund.
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* A set of 17 goals adopted at the UN General Assembly in September 2015 to achieve a sustainable future for all.
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β‘ Details
Term of partnership | August 7, 2019-August 7, 2024 (5 years) |
Amount | USD 1,421,154 (KRW 1,570.37 million1)) |
Recipient | United Nations Development Programme |
Other Information | - During each year of the partnership, the contribution amount is calculated based on the proceeds of the twelve-month period from November 1-October 31, although timing of the contribution is subject to change. - This year's contribution includes proceeds from Samsung Global Goals between August 7, 2019-October 31, 2020 |
1) Based on closing rate on November 27, 2020 (USD/KRW of 1,105)
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