Cadence Design Systems

Software
CDNS
$ 167 2.4
Share price
$ 46 bn
Market Cap
$ 43 bn
Enterprise Value

Carbon footprint

0.52 Ton
GHG emissions per $ 1 mln investment
0.01x the weighted average for S&P 500
FY2021
How is this calculated?
-24%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

+6.1%
Proj. YOY change in GHG emissions (Scope 1 + 2)
FY2022
How is this calculated?

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This target is most likely outdated and the company appears to have already achieved it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

GHG emissions and Carbon intensity

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

Cadence Design Systems's carbon footprint

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.

Company environmental metrics

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