Cadence Design Systems

Cadence Design Systems's reported carbon emissions

Cadence Design Systems, Inc., headquartered in the US and operating in the Computer and related services sector, has established significant climate commitments. The company aims for net-zero greenhouse gas emissions across its value chain by 2040. For the year 2024, Cadence Design Systems reported total emissions of approximately 1.01 billion kg CO2e (1,010,005,000 kg CO2e). This figure comprises: * Scope 1 emissions: approximately 2.09 million kg CO2e (2,087,000 kg CO2e) * Scope 2 emissions (location-based): approximately 30.24 million kg CO2e (30,241,000 kg CO2e) * Scope 3 emissions: approximately 777.31 million kg CO2e (777,310,000 kg CO2e) Cadence Design Systems has set ambitious reduction targets, aligned with a 1.5°C warming scenario: * A near-term target to reduce absolute Scope 1 and 2 GHG emissions by 89.78% by 2030, using a 2019 baseline. * A commitment to reduce absolute Scope 3 GHG emissions by 46.2% by 2030, also against a 2019 baseline. * A long-term target to reduce absolute Scope 1 and 2 GHG emissions by 90% by 2040, based on the 2019 baseline. * A corresponding long-term target to reduce absolute Scope 3 GHG emissions by 90% by 2040. The company has also stated an overall net-zero target for its entire value chain by 2040. In previous years, Cadence Design Systems has reported Scope 1 and 2 emissions, for instance, approximately 3.92 million kg CO2e in 2023, and approximately 7.71 million kg CO2e in 2022. They previously aimed for a 15% reduction in Scope 1 and 2 emissions by 2025 over a 2019 baseline. Cadence Design Systems is a signatory to the Climate Pledge. All emissions data and reduction targets are self-reported and not cascaded from a parent organisation.