To Our Stockholders, Business Partners And Employees:
At Synopsys we talk a lot about commitment, and about what it takes to be a great, enduring company. A key element of Synopsys' success is our strong set of core values: Integrity, Execution Excellence and Leadership. We adhere to these principles because they are right, and because they achieve results.
Our first commitment is to our customers. Synopsys is dedicated to enabling its customers to design remarkable chips by delivering the most complete semiconductor design solution through a combination of software, services and intellectual property. Customer satisfaction is Synopsys' most critical measure. We track success "one chip at a time."
For its stockholders, Synopsys is committed to managing its business skillfully and in accordance with all legal and ethical requirements, and to reporting its results with accuracy and candor. We believe great companies sustain growth and strong profitability over time, and opt for the long-term health of the enterprise rather than focusing only on short-term gain.
For its employees, Synopsys is committed to fostering an environment that treats people with respect, honesty and professionalism. We strive to develop the best in all of our employees, and to provide an environment that encourages corporate and personal growth.
Finally, Synopsys is committed to partnering with the communities in which we work. Every year, Synopsys reaches out to local communities with resources and employee leadership to support education, science programs and a variety of other activities.
Synopsys is proud to be a technology and community leader. We look forward to sustaining that leadership by fulfilling our commitments with energy, skill and integrity.
Aart de Geus
Chairman and co-CEO
President and co-CEO
The Electronics Industry Citizenship Coalition Commitment
At Synopsys, integrity is a core value. It defines how we run our business and it also explains our involvement with industry-wide approaches to addressing corporate social responsibility.
- As an Applicant Member of the Electronic Industry Citizenship Coalition (EICC ), Synopsys looks forward to working with other corporate social responsibility leaders in the electronics industry. We support the vision and goals of the EICC:
- Vision: A global electronics industry supply chain that consistently operates with social, environmental, and economic responsibility.
- Mission: To enable and encourage our members to progress towards the EICC vision through a common code of conduct, collaborative efforts, and shared tools and practices.
Synopsys is working toward the alignment of its operations with the provisions of the EICC Code of Conduct. We are using EICC tools and working with our direct suppliers to ensure greater transparency in the supply chain. Wherever possible, Synopsys will seek to adopt the EICC approach and tools in practical ways in the spirit of the industry’s common goals.
Our Conflict Minerals Policy
Integrity is one of Synopsys’ core values. We believe that running our business with integrity includes managing our supply chain in an ethical and socially responsible way.
Although we are primarily a software company, we also offer a limited number of hardware products. Like many companies in the semiconductor industry, we are concerned by reports that trade in minerals mined in the Democratic Republic of Congo and surrounding countries (the DRC region) may be funding violent militias that have committed atrocities in those countries. These minerals include tin, tungsten, tantalum, and gold, each of which is often used in semiconductors.
Synopsys supports industry-wide efforts to encourage responsible sourcing of minerals and transparency in supply chains. We are an applicant member of the Electronics Industry Citizenship Coalition (EICC), which has established supply chain standards to promote social, ethical, and environmental responsibility. Furthermore, in 2012, the U.S. Securities and Exchange Commission (SEC) adopted rules under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that require publicly-traded companies to disclose the use of conflict minerals originating from the DRC region in their products. The rules currently define “conflict minerals” as coltan, cassiterite, wolframite and gold, and their derivatives, which include tin, tantalum and tungsten.
Synopsys is working to fully comply with Section 1502 and the SEC rules, and we are committed to working with our direct suppliers to ensure transparency in our supply chain. We expect our direct suppliers to assist us in our ongoing compliance and due diligence efforts. We have implemented a conflict minerals due diligence program that is based on the Organization for Economic Cooperation and Development’s “Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.” As an applicant member of the EICC, we will use the reporting template created by the EICC and the Global e-Sustainability Initiative (GeSI) in conducting due diligence of our suppliers.