Sustainable by Design

We strengthened our high-performance, One Team innovation culture through expansion of our recruiting pipeline, career support, retention, development, and community-building. Based on these efforts, our global team of innovators has grown by 13%. 

Our near-term, long-term, and Net-Zero reduction targets were approved by the Science Based Targets initiative (SBTi). We performed a comprehensive Climate Risk Assessment to map our physical and transitional risks, refreshing our scenario analysis. For the fourth year, Cadence received CarbonNeutral® company certification across our global operations.

We reported to our Board of Directors on our sustainability efforts and initiatives, including review of our sustainability program progress, culture and engagement activities, and Cadence Foundation signature programs. Mary Louise (ML) Krakauer is our Board Chair, bringing her distinct and fresh perspective to the leadership of our Board.

We expanded our Zero-Trust security model to include additional environments. We maintained focus on improving security operations and cyber resilience by minimizing the time required to detect and respond to security incidents while continuously improving our security intelligence and analytics platform across hybrid environments.

We continued to partner with our suppliers, and through these efforts more than 60% of our 2024 upstream Scope 3 impact is calculated using supplier-reported data, up from 50% in 2023. We continued to promote and extend our rigorous governance standards across our value chain.