Cadence Named the #1 Technology Company on Investor’s Business Daily List of the Top 50 ESG Companies
November 20 2019 - 4:45PM
Business Wire
Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced it
has been named to Investor’s Business Daily’s first-ever Top 50
Environmental, Social and Corporate Governance (ESG) Companies
list. The list, which ranks the companies with regard to
sustainability and ethical impact, has Cadence ranked #1 in the
technology category and #5 overall on the list. For more
information on Investor’s Business Daily’s Top 50 ESG Companies,
please visit
https://www.investors.com/research/best-esg-companies-top-stocks-environmental-social-governance-values/.
To compile the list, Investor’s Business Daily identified
companies with ESG ratings of AAA or AA from MSCI ESG Research as
of Sept. 11, 2019. The 50 companies that made the list had the
highest IBD Composite Ratings, reflecting broad strength in
fundamental and technical areas linked to price performance. Nearly
all have a Composite Rating of 80 or higher, putting them in the
top 20% of stocks. These ESG leaders span a wide range of
businesses, from retail, software and medical products to building
products and geothermal energy. Besides recognizing the Best 50 ESG
Companies overall, IBD also highlighted the top three in seven
broad business categories.
“We are very pleased by the recognition from Investor’s Business
Daily for our extensive efforts to provide products that advance
the development of sustainable technologies and our work on
improving the environmental footprint of our global facilities,”
said Lip-Bu Tan, CEO of Cadence. “ESG is an important initiative
for us, and we’re honored to be named the #1 company in the
technology category and to be #5 overall.”
“Cadence earned the #1 position in the technology category,
which was one of the largest categories in IBD's Best ESG Companies
list,” said Susan Warfel, managing editor, Investor’s Business
Daily. “Cadence held an IBD Composite Rating of 98 at the time of
our analysis, putting it in the top 2% of all stocks in the
measure, which reflects broad-based strength in fundamental and
technical characteristics linked to stock performance. The
company’s solid earnings growth record, margins and return on
equity were factors in the Composite Rating.”
About Cadence
Cadence enables electronic systems and semiconductor companies
to create the innovative end products that are transforming the way
people live, work and play. Cadence software, hardware and
semiconductor IP are used by customers to deliver products to
market faster. The company’s Intelligent System Design strategy
helps customers develop differentiated products—from chips to
boards to intelligent systems—in mobile, consumer, cloud, data
center, automotive, aerospace, IoT, industrial and other market
segments. Cadence is listed as one of Fortune Magazine's 100 Best
Companies to Work For. Learn more at cadence.com.
© 2019 Cadence Design Systems, Inc. All rights reserved
worldwide. Cadence, the Cadence logo and the other Cadence marks
found at www.cadence.com/go/trademarks are trademarks or registered
trademarks of Cadence Design Systems, Inc. All other trademarks are
the property of their respective owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191120005945/en/
Cadence Newsroom 408-944-7039 newsroom@cadence.com
Cadence Design Systems (NASDAQ:CDNS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cadence Design Systems (NASDAQ:CDNS)
Historical Stock Chart
From Apr 2023 to Apr 2024