Synopsys

Software
SNPS
$ 276 5.3
Share price
$ 42 bn
Market Cap
$ 43 bn
Enterprise Value

Carbon footprint

0.58 Ton
GHG emissions per $ 1 mln investment
0.02x the weighted average for S&P 500
FY2020
How is this calculated?
-30%
YOY change in GHG emissions
Stronger than the -11% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

+0.1%
Proj. YOY change in GHG emissions (Scope 1 + 2)
FY2021
How is this calculated?

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This target is most likely outdated and the company appears to have already achieved it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
Synopsys's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Synopsys's GHG emissions (market-based) (Kt of CO2e)
Synopsys's Carbon intensity (Tons per 1 USDm)

Synopsys's carbon footprint

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.

Company environmental metrics

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