Ansys Targets a 15% Carbon Reduction by 2027

Rhea-AI Summary

Ansys (NASDAQ: ANSS) has announced a goal to reduce its scope 1 and scope 2 emissions by 15% by 2027, based on a 2019 baseline. The company is focusing on sustainability through advanced simulation technology that helps clients minimize waste and improve circularity. Ansys is implementing projects from energy audits, including on-site renewable energy initiatives. Their ESG program aims to generate long-term value by collaborating with stakeholders and driving positive change.

Positive

• Targeting a 15% reduction in scope 1 and scope 2 emissions by 2027
• Utilizing advanced simulation technology to help clients reduce waste
• Implementation of renewable energy projects from energy audits

Negative

• No assurances that the emissions goal will be achieved due to inherent risks and uncertainties

Ansys aims to reduce environmental and climate impacts of its existing operations through careful consideration of resource use

Key Highlights

• A leader in simulation software, Ansys enables users to achieve sustainability targets through advanced simulation technology designed to reduce waste
• The company's own environmental strategy focuses on overall emissions reduction and project implementation based on energy audit outcomes of its global infrastructure

PITTSBURGH, Aug. 3, 2022 /PRNewswire/ -- Ansys (NASDAQ: ANSS) plans to reduce the environmental and climate impacts of its operations by measuring, analyzing, and reducing resource use. The simulation software provider's goal is to reduce scope 1 and scope 2 emissions by 15% by 2027, compared with its current 2019 baseline. The company also extends its commitment through simulation solutions that help users minimize materials waste, improve circularity, accelerate product development processes, and minimize physical prototyping.

Ansys' environmental strategy focuses on reducing overall emissions and continuing to implement projects coming out of energy audits, including lighting enhancements and on-site renewable energy. It's part of a larger effort to simultaneously lower emissions, reduce environmental impacts, and optimize operations.

The company continues to progress its product handprint initiative—reporting how Ansys enables customers to reduce their impact on the planet. Each product handprint, or use case, illuminates Ansys' work in specific areas, including semiconductors, energy, digital twins and aerospace. Through its online documentary series—Earth Rescue—Ansys showcases the efforts of visionary customers that are innovating new solutions in the fight against climate change. New episodes of Earth Rescue will be released this fall.

"Through our environmental, social and governance (ESG) initiatives, Ansys is committed to driving positive change for our investors, customers, employees and partners," said Janet Lee, vice president, general counsel and secretary at Ansys and head of its ESG program. "The pillars of our ESG program — advancing sustainability through products, investing in our people, operating responsibly and collaborating with stakeholders — ensure we can deliver long-term value for our business and our communities as we build a better future, together."

About Ansys

When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.

Take a leap of certainty … with Ansys.

Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

Forward-looking Information

This announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that provide current expectations or forecasts of future events based on certain assumptions. Forward-looking statements are subject to risks and uncertainties, and no assurance can be given that our emissions goal can or will be achieved. Further details on forward-looking statements and important factors that may affect our emissions goal as well as our future business and operating results are discussed in our public filings.    

ANSS–G

Contacts

Media	Mary Kate Joyce
	724.820.4368
	marykate.joyce@ansys.com
Investors	Kelsey DeBriyn
	724.820.3927
	kelsey.debriyn@ansys.com

 

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SOURCE Ansys

FAQ

What is Ansys' emissions reduction target for 2027?

Ansys aims for a 15% reduction in scope 1 and scope 2 emissions by 2027.

What strategies is Ansys using to achieve sustainability?

Ansys is employing advanced simulation technology to minimize waste and improve circularity.

When was Ansys' strategy for reducing emissions announced?

The emissions reduction strategy was announced on August 3, 2022.

What is Ansys' baseline year for emissions reduction?

The baseline year for Ansys' emissions reduction target is 2019.

How is Ansys implementing its environmental strategy?

Ansys is implementing projects based on energy audits, including on-site renewable energy initiatives.