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 58 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 emissions, and a significant 324,269,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2040. Cadence has established near-term targets to reduce absolute Scope 1 and 2 emissions by about 89.78% by 2030, using 2019 as the baseline year. Additionally, it aims to cut Scope 3 emissions by approximately 46.2% within the same timeframe. For the long term, the company targets a 90% reduction in both Scope 1 and 2 emissions, as well as Scope 3 emissions, by 2040. These commitments align with industry standards and reflect Cadence's dedication to addressing climate change and reducing its carbon footprint. The company is actively participating in the Science Based Targets initiative (SBTi) to ensure its targets are consistent with the global goal of limiting warming to 1.5°C.
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| 2023 | |
|---|---|
| Scope 1 | 2,857,950 |
| Scope 2 | 1,062,000 |
| Scope 3 | 324,269,000 |
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 committed to some reduction initiatives 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.
