Cadence Design Systems Sustainability Profile
Cadence Design Systems, often referred to simply as Cadence, is a leading player in the electronic design automation (EDA) industry, headquartered in the United States. Founded in 1988, the company has established itself as a pioneer in providing innovative software, hardware, and services that facilitate the design of integrated circuits and electronic systems. With a strong presence in key operational regions including North America, Europe, and Asia, Cadence offers a comprehensive suite of products such as digital and custom IC design tools, verification solutions, and system design platforms. Their unique approach integrates advanced algorithms and machine learning, setting them apart in a competitive market. Recognised for their commitment to excellence, Cadence has achieved significant milestones, including numerous awards for innovation and customer satisfaction, solidifying their position as a trusted partner for engineers and designers worldwide.
DitchCarbon Score
How does Cadence Design Systems's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Cadence Design Systems's score of 72 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cadence Design Systems's reported carbon emissions
In 2024, Cadence Design Systems reported total greenhouse gas emissions of approximately 777,310,000 kg CO2e, with emissions distributed across various scopes: 2,087,000 kg CO2e from Scope 1, 30,241,000 kg CO2e from Scope 2 (location-based), and a significant 777,310,000 kg CO2e from Scope 3. This represents a notable increase in emissions compared to previous years, where Scope 1 and 2 emissions were 3,915,000 kg CO2e in 2023 and 7,709,000 kg CO2e in 2022. Cadence has set ambitious climate commitments, aiming for a 50% reduction in greenhouse gas emissions across all scopes by 2030, using 2019 as the baseline. Specifically, they target an 89.78% reduction in Scope 1 and 2 emissions by 2030 and a 46.2% reduction in Scope 3 emissions within the same timeframe. Furthermore, the company has committed to achieving net-zero emissions across its entire value chain by 2040. These targets align with the Science Based Targets Initiative (SBTi) and reflect Cadence's commitment to addressing climate change through significant reductions in greenhouse gas emissions. The company is actively working towards these goals, demonstrating a proactive approach to sustainability in the software and services sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 6,314,000 | - | - | - | - | 0,000,000 |
| Scope 2 | 26,363,000 | - | - | - | - | - |
| Scope 3 | 454,078,000 | - | - | - | - | 000,000,000 |
How Carbon Intensive is Cadence Design Systems's Industry?
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Cadence Design Systems's Scope 3 Categories Breakdown
Cadence Design Systems's Scope 3 emissions, which increased by 71% last year and increased by approximately 71% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 25% of Scope 3 emissions.
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Cadence Design Systems's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Cadence Design Systems has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Cadence Design Systems's sustainability data and climate commitments