Cadence Design Systems

Software

CDNS

$ 185 (0.32)%

Share price

$ 51 bn

Market Cap

$ 51 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.01x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

FY2022

Cadence Design Systems aims to reduce Scope 1 + 2 by 15% by 2025 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Cadence Design Systems reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 22 Kt (-6.9 /-23.6% y-o-y). Also positively, carbon intensity plummeted to 11 t (-3.1 /-22.1% y-o-y).

Cadence Design Systems's Scope 3 emissions tumbled to 146 Kt (-276 /-65.5% y-o-y). The performance has been erratic recently.

The company is committed to reducing Scope 1 + 2 by 15% by 2025 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	22	6.3	16	146
2020Q4	29	6	21	422	2,683	11
2019Q4	33	6.3	25	315	2,336	14
2018Q4	32	7.8	25		2,138	15