From refrigerators that can order groceries to surgery-performing robotics, the level of intelligence, connectivity, and automation in our world is breathtaking. While each of these applications can bring tremendous benefit, they also create a substantial footprint in terms of energy consumption and carbon emissions.
At Synopsys, we believe that our role in shaping the future of Smart Everything brings not only great opportunities but important responsibilities, including for the environment. We call this our Smart Future strategy. We believe that the future is not smart unless it is sustainable, fair, and secure. The environmental aspect of this strategy has a two-pronged approach. The first prong is to partner across our business ecosystem to drive positive change. We execute on this approach in many ways. In addition to bringing to market solutions that help our customers reduce energy consumption, Synopsys is also part of 21 companies and organizations that have pledged this fall to the U.S. Department of Energy (DoE) to increase semiconductor energy efficiency by a factor of 1,000 over the next 20 years. The idea behind the Energy Efficiency Scaling for 2 Decades (EES2) initiative is to ultimately increase “the economic competitiveness of American semiconductor manufacturers and strengthen domestic clean energy supply chains,” while building on the aims of the CHIPS and Science Act of 2022, according to the DoE. Initiatives such as EES2, along with commitments by other companies in the semiconductor ecosystem to mitigate their impact on our climate, are important actions toward a more sustainable future.
The second prong to our environmental strategy is to optimize our own operational footprint. Reducing greenhouse gas emissions is just one of many actions we are taking to that end. In addition, our company is one of four anchor tenants in one of the largest corporate aggregated renewable energy procurement agreements to date, contracting 15MW of wind energy annually from a wind farm that went online recently in Throckmorton County, Texas. 2022 also marks our fourth year running for achieving CarbonNeutral® company certification across our global operations.
In closing, the electronics industry has an opportunity to do its part to mitigate the environmental impact of its innovations. Synopsys is among many in the ecosystem who are leading the charge to create a more sustainable future.