Primary Climate Goal
Synopsys's target annual Scope 1 + 2 emissions for 2024 should be equal to 25 Kt = 25% * 33 Kt, according to the company's stated climate goal.
In order to achieve this goal, Synopsys would need to reduce its emissions at least by 0.03 Kt per annum over the period from 2021 to 2024:
0.03 Kt = ( 25 Kt - 25 Kt ) / (2024 - 2020)
This translates into a +0.1% increase in 2021.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
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This target is most likely outdated and the company appears to have already achieved it
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
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 (
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.