Cadence Design Systems Inc

_Policy Engagement_

Early on we aligned our carbon reduction targets with the goal of limiting global warming to the Paris Agreement's 1.5ºC pathway. To ensure that our engagement activities are consistent with our climate commitments, our cross-functional ESG Team at Cadence considers a variety of stakeholder perspectives on climate-related issues, including our customers, employees, investors, and experts from the scientific community. We use this feedback to drive environmental sustainability projects, develop climate-related KPIs, and improve efficiency in our operations, as well as in our engagements with stakeholders.

Cadence indirectly engages around climate policy, specifically around the use of long-term energy contracts, via the Sustainability Roundtable's Net-Zero Consortium for Buyers (NZCB), the leading transaction platform for aggregated Virtual Power Purchase Agreements (VPPAs). Cadence's position is consistent with that of the Net-Zero Consortium for Buyers (NZCB) and Southern Company.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The cross-functional ESG Team at Cadence takes into account a variety of stakeholder perspectives on climate related issues, including our customers, employees, investors, and experts from the scientific community. We use this feedback to drive environmental sustainability projects, develop climate-related KPIs, and improve efficiency in our operations, as well as in our engagements with stakeholders.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years