Cadence Design Systems

Software

CDNS

$ 139 (2.2)%

Share price

$ 38 bn

Market Cap

$ 41 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.02x the weighted average for S&P 500

FY2020

Primary Climate Goal

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

Weaker than the -5.1% weighted average for S&P 500

FY2021

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This target is most likely outdated and the company appears to have already achieved it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 (+107/+34% y-o-y).

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.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	27	6	21	422	2,683	10
2019Q4	31	6.3	25	315	2,336	13
2018Q4	32	7.8	25		2,138	15