Cadence Design Systems
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 67 is higher than 72% 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 2023, Cadence Design Systems reported total greenhouse gas emissions of approximately 328,184,000 kg CO2e. This includes 2,857,950 kg CO2e from Scope 1 emissions, 1,062,000 kg CO2e from Scope 2 (market-based), and a significant 324,269,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its carbon footprint, aiming for a 15% reduction in Scope 1 and 2 emissions by 2025, based on a 2019 baseline. Furthermore, Cadence has committed to achieving net-zero emissions across its entire value chain by 2040. For the near term, Cadence aims for a 50% reduction in emissions from its own operations (Scope 1 and 2) by 2030, also relative to the 2019 baseline. Additionally, the company has pledged to reduce Scope 3 emissions by 46.2% within the same timeframe. These targets align with the Science Based Targets Initiative (SBTi) and reflect a commitment to sustainable practices in the software and services sector. Cadence's emissions data is not cascaded from any parent organization, indicating that these figures and commitments are independently reported. The company is actively working towards its climate goals, demonstrating a proactive approach to addressing climate change and reducing its environmental impact.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 6,314,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 26,363,000 | 00,000,000 | 00,000,000 | - | 0,000,000 |
| Scope 3 | 422,008,000 | - | - | - | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Cadence Design Systems is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
