Cadence Design Systems
Software
CDNS
$ 139 (2.2)%
Share price
$ 38 bn
Market Cap
$ 41 bn
Enterprise Value
Carbon footprint
Primary Climate Goal
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This target is most likely outdated and the company appears to have already achieved it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 2020 at 27 Kt (-3.8 /-12.3% y-o-y). Also positively, carbon intensity plunged to 10 t (-3.1 /-23.5% y-o-y).
Cadence Design Systems's Scope 3 emissions was up at 422 Kt (
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 2020. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
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