Cadence Design Systems Inc
Cadence Design Systems's GHG Emissions Data Preview
In 2024, Cadence Design Systems completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Cadence Design Systems has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  d | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  c | Copy restricted. Please purchase to unlock this data.  d | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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bVerified Sources Behind Cadence Design Systems’s Greenhouse Gas (GHG) Emissions Data
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Insights into Cadence Design Systems's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Cadence Design Systems amounted to 2,087 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Cadence Design Systems decreased by 92.64%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b
Cadence Design Systems's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Cadence Design Systems's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Cadence Design Systems were 2,087 metric tons of CO₂ equivalent (tCO₂e). a
Has Cadence Design Systems reduced its Scope 1 emissions over time?
Since 2018, Cadence Design Systems's Scope 1 emissions have decreased by 73.08%, reflecting a declining long-term trend in Scope 1 emissions over time. a e
Compared to the previous year (2023), Cadence Design Systems's Scope 1 emissions decreased by 26.85%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b
What are Cadence Design Systems's Scope 2 emissions?
In 2024, Cadence Design Systems reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method. a
What methodology does Cadence Design Systems use for Scope 2 reporting?
In 2024, Cadence Design Systems reported its Scope 2 emissions using the market-based method. a
Cadence Design Systems's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Cadence Design Systems's Value Chain Emissions
In 2024, Cadence Design Systems reported 324,725 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Cadence Design Systems includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, down from 11 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a
Cadence Design Systems's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Cadence Design Systems's Scope 3 emissions?
In 2024, Cadence Design Systems reported total Scope 3 emissions of 324,725 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2023), Cadence Design Systems's Scope 3 emissions remained relatively stable, indicating that Cadence Design Systems 's emissions have plateaued with no significant change in its value chain footprint. a c
What categories of Scope 3 emissions does Cadence Design Systems disclose?
In 2024, Cadence Design Systems reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Cadence Design Systems's Scope 3 emissions?
In 2024, the largest contributors to Cadence Design Systems's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 194,835 tCO₂e (60%)
- Capital Goods (Cat. 2): 48,708.75 tCO₂e (15%)
- Employee Commuting (Cat. 7): 35,719.75 tCO₂e (11%)
Cadence Design Systems's Scope 3 Emissions by Categories
Insights into Cadence Design Systems’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Cadence Design Systems reported Scope 1 greenhouse gas (GHG) emissions of 2,087 tCO₂e and total revenues of USD 4,641 millions. This translates into an emissions intensity of 0.45 tCO₂e per millions USD. a
Cadence Design Systems's Scope 1 Emissions Intensity Compared to Peers
How does Cadence Design Systems's GHG emissions intensity compare to its peers?
In 2024, Cadence Design Systems reported a Scope 1 emissions intensity of 0.45 tCO₂e per millions USD. Compared to the peer group median of 0.26 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Cadence Design Systems rank on GHG emissions intensity within its industry?
In 2024, Cadence Design Systems ranked 15 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Cadence Design Systems among the least efficient performers, with one of the highest emissions intensities in its sector. a
Insights into Cadence Design Systems's Total Carbon Footprint
In 2024, Cadence Design Systems reported a total carbon footprint of 326,812 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.32% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a b c
The largest contributor to Cadence Design Systems's total carbon footprint was Scope 3 emissions, accounting for 99.36% of the company's total carbon footprint, followed by Scope 1 emissions at 0.64%. a