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Synopsys’ Smart Future Environmental, Social, and Governance (ESG) strategy provides a focus and structure for how we manage our own operational impact and influence others to work towards a future that's sustainable, just, and secure. We are committed to taking climate action to limit global warming to 1.5ºC above preindustrial levels by reducing our near-term, company-wide greenhouse gas (GHG) emissions and mitigating our environmental impacts. Our team is pleased to share progress made on our GHG emissions reduction efforts, including establishing an emissions-reduction plan using science-based, measurable targets.
Synopsys Receives SBTi Validation for Our Greenhouse Gas Emission Reduction Targets
Following a multi-step review process, our targets for reducing GHG emissions have been validated by the Science Based Targets initiative (SBTi), which is the foremost certifying body in carbon reduction target setting and validation for alignment with climate science. Synopsys has committed to four near-term science-based targets (SBT) as part of the SBTi criteria to be achieved by 2032 from a 2019 base year, including:
To reduce absolute scope 1 and 2 GHG emissions by 55%.
To reduce scope 3 GHG emissions from employee commuting and business travel by 62% per employee.
To reduce scope 3 GHG emissions from use of sold products by 62% per lifetime verification task.
By 2027, Synopsys commits that 45% of its suppliers by spend, including purchased goods and services, as well as capital goods, will have science-based targets.
Our team will report on these targets annually and review our targets in five years against the latest SBTi criteria and guidance. More information about Synopsys’ commitment to reducing GHG emissions and related sustainability initiatives can be found online on our ESG page.
U.S. Environmental Protection Agency’s (EPA) Recognizes Synopsys for Leading Green Power Use
Synopsys recently joined the EPA Green Power Partnership to show our commitment to renewable energy and help reduce the negative health impacts related to harmful air quality from traditional energy generation. We have been recognized by the EPA as a leader in green power consumption and development. Our company participated in the development of renewable energy on the U.S. grid through our collaboration with Enel North America’s Azure Sky Wind and Storage Project. Through our agreement, Synopsys enables the generation of approximately 40,000 MWhs of green energy by Azure Sky per year, which is about half of Synopsys’ 2022 North American energy demand. Additional details regarding our renewable energy journey can be found online on our ESG page.
The climate crisis has ushered in a wave of new opportunities for environmental stewardship and environmental consciousness in our business operations. Our emissions reduction targets, validated by SBTi, along with our commitment to the EPA, position Synopsys among leading companies that believe addressing climate issues will also drive business success and generate value for Synopsys.
Synopsys Chair and CEO Aart de Geus adds, “Just as we are a catalyst for semiconductor innovation, we are also committed to being a catalyst-for-good in the industry. The urgency of taking proactive steps to prevent climate change is right in front of us. The Science Based Targets initiative and EPA Green Power Partnership will ensure we are accountable to our stockholders, our customers, our employees, and our global communities.”
Check back on the Synopsys blog for more progress on our Smart Future ESG strategy in support of a sustainable, just, secure future.
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