Synopsys

Software

SNPS

$ 276 5.3

Share price

$ 42 bn

Market Cap

$ 43 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)

FY2021

Synopsys aims to reduce Scope 1 + 2 by 25% by 2024 from a base year 2018

This target is most likely outdated and the company appears to have already achieved it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

Synopsys reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2020 at 25 Kt (-10 /-29.5% y-o-y). Also positively, carbon intensity declined marginally to 11 t (-0.1 /-0.9% y-o-y).

Synopsys's Scope 3 emissions was up at 141 Kt (+85/+151% y-o-y).

The company is committed to reducing Scope 1 + 2 by 25% by 2024 from a base year 2018, 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.

Synopsys achieved carbon neutrality across its operations (Scope 1 + 2) in 2019. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Carbon offsets	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	25	2.7	22	141	(24)
2019Q4	35	4.2	31	56	(47)	3,375	11
2018Q4	33	4.7	29			3,172	11