Synopsys

Application Software
SNPS
$ 570 (0.65)%
Share price
$ 87 bn
Market Cap
$ 87 bn
Enterprise Value

Carbon footprint

0.29 Ton
GHG emissions per $ 1 mln investment
0.01x 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

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

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 Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 25 Kt (-10 /-29.5% y-o-y). Also positively, carbon intensity declined to 6.5 t (-4 /-38.1% y-o-y).

No public disclosure of Scope 3 emissions has been found for Synopsys at the moment.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Synopsys also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Synopsys commits to reduce absolute scope 1 and 2 GHG emissions 55% by 2032 from a 2019 base year. Synopsys also commits to reduce scope 3 GHG emissions from employee commuting and business travel 62% per employee within the same timeframe. Synopsys further commits to reduce scope 3 GHG emissions from use of sold products 62% per lifetime verification task within the same timeframe. Synopsys further commits that 45% of its suppliers by spend, covering purchased goods and services, and capital goods, will have science-based targets by 2027.

Company environmental metrics

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