Magma Design Automation LLC Sustainability Profile
Magma Design Automation LLC, a prominent player in the electronic design automation (EDA) industry, is headquartered in the United States. Founded in 1997, the company has established itself as a leader in providing innovative solutions for integrated circuit design and verification. With a strong presence in key operational regions, including North America and Europe, Magma has consistently delivered cutting-edge tools that streamline the design process. The company’s core offerings include advanced software for physical design, timing analysis, and circuit simulation, distinguished by their ability to enhance performance and reduce time-to-market. Magma's commitment to innovation has earned it a notable position in the market, recognised for its contributions to the semiconductor industry. With a focus on quality and efficiency, Magma Design Automation continues to shape the future of electronic design.
DitchCarbon Score
How does Magma Design Automation LLC'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
Magma Design Automation LLC's score of 81 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magma Design Automation LLC, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. However, the company is part of a corporate family that includes Synopsys, Inc., from which it inherits climate commitments and performance data. As a merged entity, Magma Design Automation LLC aligns its climate initiatives with those of Synopsys, Inc. This includes participation in various sustainability frameworks, although specific reduction targets or achievements have not been disclosed. The absence of documented reduction initiatives suggests that the company may still be in the process of establishing its own climate strategy. Magma Design Automation LLC's climate commitments are influenced by its relationship with Synopsys, Inc., which may include adherence to industry-standard practices and initiatives aimed at reducing carbon footprints. However, without specific emissions data or reduction targets, it is challenging to assess the company's current impact or future goals in relation to climate change.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 5,452,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 28,817,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 58,145,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Magma Design Automation LLC's Industry?
How Carbon Intensive is Magma Design Automation LLC's Location?
Magma Design Automation LLC's Scope 3 Categories Breakdown
Magma Design Automation LLC's Scope 3 emissions, which decreased by 7% last year and increased by approximately 280% since 2018, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 37% of Scope 3 emissions.
Top Scope 3 Categories
Magma Design Automation LLC's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Magma Design Automation LLC has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
