Synopsys

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 tumbled to 6.5 t (-4 /-38.1% 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.

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.