ANSYS, Inc. (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a spectrum of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
As a provider of simulation software, ANSYS’s business model poses minimal risk to the environment as its sole impacts stem from the company’s non-manufacturing operations. Additionally, ANSYS’s software includes applications for improved energy efficiency in the automobile and aerospace sectors and other clean technology sectors to design cleaner power plants, energy efficient electronic circuits, pollution control equipment and waste management systems. The company also implements several best practices with regard to managing its workforce, including offering employee stock plans, tuition reimbursement and leadership development programs, all of which serve to boost the company’s reputation as an employer and attract talented employees. Lastly, ANSYS has incorporated a plethora of governance practices that bolster the company’s ESG profile. Namely, ANSYS has an independent majority board, split CEO and chairman roles, a fully independent chairman and an independent compensation committee.
ANSYS does not produce an annual corporate social responsibility report. In particular, the company fails to disclose efforts to address its operational environmental footprint and year-over-year trend data on key performance indicators.
Industry: Information Technology
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.