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 98 is higher than 98% 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 2087000 kg CO2e for Scope 1 and about 30241000 kg CO2e for Scope 2 (location-based). The company also disclosed significant Scope 3 emissions, including approximately 195380000 kg CO2e from the use of sold products and about 77062000 kg CO2e from purchased goods and services. Cadence has set ambitious climate commitments, aiming for a 50% reduction in total greenhouse gas emissions by 2030 compared to a 2019 baseline. This target encompasses all scopes (1, 2, and 3) and is part of their broader commitment to achieve net-zero emissions across their entire value chain by 2040. Specifically, they aim for 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. The company is aligned with the Science Based Targets Initiative (SBTi), which validates their targets as consistent with the reductions required to limit global warming to 1.5°C. Cadence's climate strategy reflects a commitment to sustainability and responsible corporate governance, reinforcing their position as a leader in the software and services sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 6,314,000 | - | - | - | 0,000,000 | 0,000,000 |
| Scope 2 | 26,363,000 | - | - | - | 0,000,000 | - |
| Scope 3 | 454,072,000 | - | - | - | 000,000,000 | 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.
