Highlights from 2020

We are committed to being a socially responsible company by building the innovative technologies that transforms lives around the world

Pay Equity

Achieved global salary pay parity for gender and U.S. salary pay parity based on race and ethnicity in July 2019 and maintained this again in September 2020

Emissions Reduction Target

Set a greenhouse gas reduction target of a 15% decrease for Scope 1 and 2 emissions by 2025 over a 2019 baseline

COVID-19 Response

Recognized as one of People’s Companies That Care for our support of employees and the community during the pandemic

Diversity and Inclusion

Launched inclusion groups for U.S. Black, Latinx, Veteran, LGBTQ+, and Women employees and allies, and introduced new scholarships for Black and Latinx students in technology

2020 Activities

A summary of Cadence’s environmental, social and governance strategy, programs and activities

Innovation

Our Cadence® Intelligent System DesignTM strategy guides everything we do, from our product lineup to the expertise and services we offer our customers and the partnerships we develop with other industry leaders. It allows us to deliver software, hardware, and IP that turn design concepts into reality. We believe that giving our customers a systems-level perspective throughout the design cycle pays off in faster and better design, shorter verification cycles, software that works with the hardware, and new product leadership.

We focused on the following in 2020:

We continued our focus on innovation by enabling customers and academia, through our Intelligent System Design strategy, to advance the design of complex electronic chips, boards, and systems. Our underlying computational software expertise and broad portfolio allows design teams to develop products of the future that are smarter, smaller form factors, and much more power efficient—advancing sustainability in end product systems.

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Workforce

Our High-performance culture outlines the values and behaviors that will enable our employees to succeed at Cadence. We embed these values and behaviors throughout our business and use them to drive our business objectives. These values also influence our practices for hiring, goal setting, development, promotion, and recognition. The Great Place to Work Institute recognizes Cadence as an exceptional employer in many regions around the world. Our diverse team of passionate, dedicated, and talented employees go above and beyond for our customers, our communities, and each other.

We focused on the following in 2020:

We implemented a number of critical measures in response to the COVID-19 pandemic to promote the safety, health, and well-being of our employees, customers, and extended communities. We expanded our efforts to build a more diverse and inclusive team through recruitment, career support, and community-building for underrepresented groups. For the second year in a row, Cadence achieved global salary pay parity based on gender and U.S. salary pay parity based on race and ethnicity.

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Environmental Sustainability

We regularly evaluate new ways to lessen the environmental impact of our facilities and business operations. Cadence monitors its performance on energy, water, waste, and emissions to conserve resources and reduce costs. Our culture of giving back inspires employees to plan environmental initiatives that improve the sustainability of communities where we operate.

We focused on the following in 2020:

We set a greenhouse gas reduction target of 15% for Scope 1 and 2 emissions over our 2019 baseline. This target is informed by the Science Based Target Initiative and based on the 2 ̊C Scenario.

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Data Privacy and Security

Cadence implements data privacy and security policies and procedures to protect our customers, partners, and employees. Our Information Security team works to identify and prevent risks to the protected data we collect. Our Chief Information Security Officer administers our data privacy and security program, with oversight from our Board’s Audit Committee.

We focused on the following in 2020:

With a vast majority of employees working from home during the COVID-19 pandemic, we focused on providing secure remote access with endpoint security controls and infrastructure resiliency. We also enhanced our security incident response procedures to address risks specific to remote working conditions.

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Governance

Cadence benchmarks corporate governance practices of its S&P 500 peers and makes amendments to its practices to reflect their best practices. The Board, through its Corporate Governance and Nominating Committee, regularly reviews our corporate social responsibility program. In our annual engagement with stockholders in 2020, we discussed our environmental, social, and governance efforts in addition to our Board’s composition and diversity of background.

We focused on the following in 2020:

We reported to our Board of Directors on our environmental, social, and governance (ESG) efforts and initiatives. We added three new directors to our Board, broadening our Board diversity in both gender and ethnicity. Also, in 2020, our Board committed to including a breakout of its gender and ethnicity in this report and our proxy statement.

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Supply Chain

Cadence is committed to doing business honestly and ethically everywhere we operate. We expect our suppliers to conduct themselves with the same high standards as our own employees. To ensure our relationships with our suppliers meet and support these expectations, we joined the Responsible Business Alliance as an Affiliate Member in 2018.

We focused on the following in 2020:

We extended our rigorous governance standards across our value chain with our inaugural Supplier Code of Conduct. In addition, we developed a supplier questionnaire to better understand our upstream environmental, social, and governance (ESG) risks and opportunities, including a focus on diversity in our supply chain, which was distributed to all new suppliers in 2020.

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A Statement from the CEO

Lip Bu Tan

At Cadence, we provide the technologies our customers need to design and optimize innovative and differentiated electronic products that conserve energy and power. In 2020, we continued this world-wide focus by enhancing our technology portfolio and increasing power-aware benefits in our comprehensive solutions.

- Lip-Bu Tan Read More

 

Awards for 2020-2021

Recognitions for our efforts around our environmental, social, and governance strategies.

World’s Best Workplaces

Cadence has been recognized by Fortune and the Great Place to Work Institute as #18 on the World’s Best Multinational Workplaces list. We were also recognized as a top company to work for in all of Europe and Asia.

Best Place to Work for LGBTQ Equality

Named one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation with a perfect score of 100 for their Corporate Equality Index

Top 50 Companies that Care People

For our programs that care for, and support, the environment, our employees, and the community

100 Best Companies to Work For Fortune

Six years in a row as one of Fortune magazine’s 100 Best Companies to Work For

Investor’s Business Daily named Cadence #7 in their Top 50 ESG Companies and #3 in Software Category

Named to Investor’s Business Daily Top 50 Environmental, Social, and Corporate Governance (ESG) Companies list with regard to sustainability and ethical impact

23 Global Recognitions Great Place to Work Institute

Best workplace honors in multiple categories across 14 different countries

Partner of the Year

Team4Tech has recognized Cadence as their corporate partner of the year for our partnership over the last three years on projects in South Africa, Uganda, and Vietnam

Mahatma 2020 Leadership Awards

Recognition for excellence in Corporate Social Responsibility and COVID-19 Humanitarian Efforts

2020 Innovators Award

Vision Systems Design awarded the Cadence Tensilica Vision Q7 DSP a 2020 Innovators Award in the embedded vision category

TI Supplier Excellence Award

Texas Instruments awarded Cadence their Supplier Excellence Award, the first time in nearly 10 years this award has gone to an EDA/IP company

OIP Partner of the Year

Cadence received four OIP Partner of the Year awards from TSMC for IP and EDA solutions

Hope for Access

RESOLVE: The National Infertility Association presented Cadence with the Hope Award for Access, recognizing its generous employee benefits that focus on family building options for their employees

Gold Stevie Awards in the 2020 International Business Awards

Most Innovative Tech Company of the Year and Innovation of the Year for the Cadence Clarity 3D Solver

China IC Design Award Outstanding EDA Company

The award recognizes leading IC design companies whose contributions assist engineers in developing electronic system products in China

World Electronic Achievement Awards

Cadence Digital Full Flow with iSpatial Technology has been selected via voting by the ASPENCORE user community worldwide as a winner of a 2020 ASPENCORE World Electronics Achievement Award (WEAA) for EDA/IP