Synopsys Releases 2023 ESG Report: Our Commitment to a Smart Future

Today, Synopsys released its annual Environmental, Social, and Governance (ESG) Report for fiscal year 2023. Our Smart Future ESG strategy provides a focus and structure for how we manage our own operational impact and influence others around us to create a better world. For example, we’re focused on reducing our own environmental footprint, and leveraging our expertise, resources, and problem-solving skills to inspire positive change throughout our ecosystem— working with our communities, customers, partners, and suppliers to create a more sustainable future. As we continue to deliver trusted silicon to systems design solutions, our technology is enabling innovations that shape a smarter world, from low-power computing to enhancing human health and well-being, to bringing safety and security to autonomous vehicles.

“We really want to be driving innovations that build a better future for us and our customers in this era of pervasive intelligence,” said Synopsys CFO Shelagh Glaser. “It’s important that we’re operating responsibly when it comes to not only our resilient business, but in terms of how we’re treating the environment and fostering a great place to work.”

This year, we made important progress advancing our Smart Future strategy and toward our ESG goals – including the reduction of our carbon footprint with science-based targets, enabling customer innovation for a greener world, and empowering our global talent. A snapshot of our progress is below, and you can read the full report here.

Living our Values and Leading with Vision

• Synopsys received an A- score from CDP for our performance on climate action, demonstrating best practices in strategy, governance, and oversight of climate issues.
• Our greenhouse gas (GHG) emissions reduction targets were validated by the Science Based Targets initiative (SBTi), the foremost certifying body in GHG emissions reduction target setting and validation. We are now committed to four near-term science-based targets. Starting with this report, we will report annually on our progress.
• In our May 2023 global employee survey, employee participation was at 94%, with 89% of those employees recommending Synopsys as a great place to work. In addition, Synopsys is one of the top ranked companies for Best Global Company Culture by Comparably.

“As we continue this journey together to create a smarter future, we remember our why—the reason we do what we do. Synopsys exists to power innovation today that ignites the ingenuity of tomorrow,” said Sassine Ghazi in today’s report. “We will continue to innovate, to push boundaries, and to lead with purpose and integrity. Together with our customers and partners, we have the power to create a brighter future for generations to come.”

In 2024, our ESG ambitions intend to build on our progress – for example, enabling our customers to innovate for a sustainable future and continuing to focus on our commitment to reduce our carbon footprint in line with climate science. We will also continue to prioritize our global talent, enabling all voices, backgrounds, and experiences to contribute to achieving our business objectives and delivering positive impacts worldwide.