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Cadence Design Systems
Computer ServicesUnited StatesXETRA: CDS.DE
Last verified 4 months agocadence.com
Cadence Design Systems, often referred to simply as Cadence, is a leading provider in the computer and related services industry, headquartered in the United States. Founded in 1988, the company has established itself as a key player in electronic design automation (EDA), offering innovative solutions that streamline the design process for semiconductors and systems on chips (SoCs).
With a strong presence in major operational regions including North America, Europe, and Asia, Cadence delivers a comprehensive suite of products and services, 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.
Cadence's commitment to innovation has earned it a prominent market position, with notable achievements including numerous awards for excellence in design tools and a robust portfolio of patents. As the industry continues to evolve, Cadence remains at the forefront, driving advancements in technology and design efficiency.
76
DitchCarbon score
+38 vs industry average
Cadence Design Systems’s score of 76 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Low
Computer Services has below-average carbon intensity
Industry performance
0.246
20182025
The Computer Services industry has reduced its overall emissions by 11% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Cadence Design Systems's reported carbon emissions
Cadence Design Systems reported approximately 2.087 million kg CO2e in Scope 1 emissions, 30.241 million kg CO2e in Scope 2 (location-based), and 777.310 million kg CO2e in Scope 3 emissions for 2024.
The company has set several climate commitments. It aims for a 50% reduction in all Scope 1, 2, and 3 greenhouse gas emissions by 2030, using a 2019 baseline. Furthermore, Cadence Design Systems is committed to achieving net-zero greenhouse gas emissions across its entire value chain by 2040.
Cadence Design Systems's Science Based Targets Initiative (SBTi) approved targets include reducing absolute Scope 1 and 2 GHG emissions by 89.78% by 2030 from a 2019 base year, and absolute Scope 3 GHG emissions by 46.2% within the same timeframe. For long-term targets, the company commits to reducing absolute Scope 1 and 2 GHG emissions by 90% by 2040 from a 2019 base year, and absolute Scope 3 GHG emissions by 90% within the same timeframe. These near-term targets for Scope 1 and 2 emissions are consistent with reductions required to keep global warming to 1.5°C. Cadence Design Systems also signed the Climate Pledge in 2022.
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Cadence Design Systems’s Climate Goals (2030 & 2050)
4 goals2030
89.78% reduction in Scope 1
Cadence Design Systems, Inc. commits to reduce absolute scope 1 GHG emissions 89.78% by 2030 from a 2019 base year.
At risk89.78%
2040
Cadence Design Systems, Inc
Cadence Design Systems, Inc. commits to reach net-zero greenhouse gas emissions across the value chain by 2040.
Behind target0%
2030
89.78% reduction in Scope 2
Cadence Design Systems, Inc. commits to reduce absolute scope 2 GHG emissions 89.78% by 2030 from a 2019 base year.
Insufficient data89.78%
See all 4 climate goals
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
10 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2030 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
Signed 2022See details
Active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
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Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Cadence Design Systems4 months ago
76
DEAutomatic Environmental Control Manufacturing for Residential, Commercial, and Appliance UseView
1 day ago
100
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Frequently asked questions
Common questions about Cadence Design Systems’s sustainability data and climate commitments
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