Cadence Design Systems

Cadence Design Systems, a US-based company operating in the computer and related services sector, has established comprehensive climate commitments. For the reporting year 2024, the company reported Scope 1 emissions of approximately 2,087,000 kg CO2e. Scope 2 emissions for the same year, calculated on a location basis, amounted to approximately 30,241,000 kg CO2e. The total Scope 3 emissions for 2024 were approximately 777,310,000 kg CO2e, with the largest contributors being the use of sold products (approximately 195,380,000 kg CO2e) and purchased goods and services (approximately 77,062,000 kg CO2e).

Cadence Design Systems has set ambitious targets aligned with the Science Based Targets initiative (SBTi). The company aims for a 50% reduction in absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 2030, using 2019 as a baseline. Furthermore, they are committed to a 46.2% reduction in absolute Scope 3 GHG emissions by 2030, also from a 2019 baseline. Looking further ahead, Cadence Design Systems has committed to reaching net-zero GHG emissions across its value chain by 2040. This long-term goal includes a commitment to reduce absolute Scope 1 and 2 emissions by 90% by 2040, and absolute Scope 3 emissions by 90% by the same year, both relative to the 2019 baseline. In addition to these targets, the company has also signed the Climate Pledge.