Cadence Design Systems Inc 2023 SR
The report highlights Cadence's commitment to achieving Net-Zero emissions by 2040, having submitted targets to the Science Based Targets initiative (SBTi) for validation. In 2023, the company achieved a 33% reduction in full value chain emissions compared to its 2019 baseline and procured 97% renewable electricity for its global operations. Cadence expanded its generative AI portfolio to enhance sustainable innovation and maintained global salary pay parity for the fifth consecutive year. Additionally, the Cadence Giving Foundation donated $5 million to support environmental sustainability and STEM workforce equity.
Company: Cadence Design Systems Inc
Sector: Information Information Technology
Country: United States
Year: 2023
Type: SR
Pages: 109
Cadence Design Systems Inc
ESG Report
The report highlights Cadence's commitment to achieving Net-Zero emissions by 2040, having submitted targets to the Science Based Targets initiative (SBTi) for validation. In 2023, the company achieved a 33% reduction in full value chain emissions compared to its 2019 baseline and procured 97% renewable electricity for its global operations. Cadence expanded its generative AI portfolio to enhance sustainable innovation and maintained global salary pay parity for the fifth consecutive year. Additionally, the Cadence Giving Foundation donated $5 million to support environmental sustainability and STEM workforce equity.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Mar 1, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Women on Board
Women in Management
Net Zero Target
Employees