Month: September 2024

Synopsys released its annual Environmental, Social, and Governance (ESG) Report highlighting environmental, social, and governance performance.

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. 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. 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.

Read on for key highlights from our 2023 ESG Report. Also, check out a highlights infographic.

Living our Values and Leading with Vision

Synopsys received an A- leadership 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).. 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.

These highlights capture only a portion of our overall ESG efforts. We invite you to read the report for the full story of what we accomplished in 2023.

We welcome feedback on this report and our performance. Please send comments and suggestions to ESG at Synopsys.

About Synopsys
Catalyzing the era of pervasive intelligence, Synopsys, Inc. (Nasdaq: SNPS) delivers trusted and comprehensive silicon to systems design solutions, from electronic design automation to silicon IP and system verification and validation. We partner closely with semiconductor and systems customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow. Learn more at www.synopsys.com.

Editorial Contact
Kelli Wheeler
Synopsys, Inc.
(650) 584-5000
corp-pr@synopsys.com

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FARMINGTON, Conn., September 10, 2024 /3BL/ – Artificial Intelligence is revolutionizing the speed, accuracy and scale at which complex challenges are addressed. Over the next several months, more than 250 students from dozens of schools representing more than 15 countries and territories around the world will participate in the Made to Move Communities challenge to propose innovative ways AI can improve urban mobility. They’ll be guided by volunteer mentors from Otis (NYSE: OTIS), the world’s leading elevator and escalator manufacturing, installation and service company.

“We believe that the next generation of innovation will use AI to make moving in and around cities easier and more efficient for all,” said Randi Tanguay, Otis Senior Vice President & Chief Communications Officer. “Today’s students are growing up as AI technology matures. They are actively engaged and quickly developing the skills to effectively use and apply it. With their innate curiosity and imagination, combined with the guidance of expert Otis volunteer mentors, I can’t wait to see the solutions these students come up with.”

Why AI According to the World Bank, more than 56% of the world population currently lives in cities, and that number is expected to grow to nearly 70% by 2050. The current pace of rapid urbanization and global population growth has the potential to strain urban infrastructure, resulting in increased congestion, pollution, and inadequate public transit. These challenges can be even more acute in underserved neighborhoods and for people with special needs.

“AI is already reshaping transportation. It’s enabling self-driving cars, optimizing traffic flows, and even helping drones deliver packages and medicines to those in need,” said Ezhil Nanjappan, Otis Senior Vice President and Chief Technology Officer. “As we stand on the brink of the AI revolution, I’m excited to bring this transformational technology to the Made to Move Communities program – to brainstorm solutions to the mobility issues of today and tomorrow, while inspiring young minds and helping to close the STEM skills gap.”

For the first time – a global winner

Since 2020, Otis’ annual Made to Move Communities global student competition has engaged over 750 students and hundreds of Otis colleagues with the goal of addressing urban mobility challenges while sparking a lifelong interest in STEM. Participating schools have received nearly $1 million (USD) in grants from Otis to further STEM learning and programs in their schools.

Until now, students used to compete regionally, with a winning team selected in each of the four Otis regions. This year, for the first time, the four regional winning teams will compete in a final round to determine a global team champion. Student teams will need to share how their solutions to local challenges can be scaled globally, and the global team champion will receive an additional grant for their school.

Watch this video to learn more about Made to Move Communities and this year’s challenge: https://youtu.be/c1FwYeGhLp4 Visit otis.com/mtmc to learn more and follow Otis for updates from participating student teams.

About Otis

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide – the industry’s largest Service portfolio. You’ll find us in the world’s most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 71,000 people strong, including 42,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo.