Thomson Reuters Business Classification
Encyclopedia
The Thomson Reuters Business Classification (TRBC) is an industry classification of global companies; it is owned and operated by Thomson Reuters
and is also the basis for Thomson Reuters Indices
.
and ICB
systems. These classify companies on the basis of degree of impact on markets, rather than establishment-based classification systems such as the North American Industry Classification System(NAICS).
Thomson Reuters
Thomson Reuters Corporation is a provider of information for the world's businesses and professionals and is created by the Thomson Corporation's purchase of Reuters Group on 17 April 2008. Thomson Reuters is headquartered at 3 Times Square, New York City, USA...
and is also the basis for Thomson Reuters Indices
Thomson Reuters Indices
Thomson Reuters Indices is a line of indices and index services from Thomson Reuters:* Beta-generating Indices* Alpha-creating Indices* Custom Indices* Calculation Services- Beta-generating Indices :...
.
Coverage
TRBC covers over 70,000 public companies from 130 countries and provides over 10 years of classification history. The classification consists of four levels of hierarchical structure. Each company is allocated an Industry, which falls under an Industry group, then Business Sector, which is then part of an overall economic sector. TRBC consists of 10 economic sectors, 25 business sectors, 52 industry groups and 124 industries.| Economic sector | Business sector | Industry group | Industry |
|---|---|---|---|
| 50 Energy | 5010 Energy | 501010 Coal | 50101010 Coal |
| 501020 Oil and gas | 50102010 Integrated Oil and gas | ||
| 50102020 Oil & Gas Exploration and Production | |||
| 50102030 Oil & Gas Refining and Marketing | |||
| 501030 Oil & Gas Related Equipment and Services | 50103010 Oil & Gas Drilling | ||
| 50103020 Oil-related Services and Equipment | |||
| 50103030 Oil & Gas Transportation Services | |||
| 501040 Renewable Energy | 50104010 Renewable Energy Equipment & Services | ||
| 50104020 Renewable Fuels | |||
| 51 Basic Materials | 5110 Chemicals | 511010 Chemicals | 51101010 Commodity Chemicals |
| 51101020 Agricultural Chemicals | |||
| 51101030 Specialty Chemicals | |||
| 51101090 Diversified Chemicals | |||
| 5120 Mineral Resources | 512010 Metals & Mining | 51201010 Precious Metals & Minerals | |
| 51201020 Steel | |||
| 51201030 Aluminum | |||
| 51201050 Specialty Mining & Metals | |||
| 512020 Construction Materials | 51202010 Construction Materials | ||
| 5130 Applied Resources | 513010 Paper & Forest Products | 51301010 Forest & Wood Products | |
| 51301020 Paper Products | |||
| 513020 Containers & Packaging | 51302010 Non-Paper Containers & Packaging | ||
| 51302020 Paper Packaging | |||
| 52 Industrials | 5210 Industrial Goods | 521010 Aerospace & Defense | 52101010 Aerospace & Defense |
| 521020 Machinery, Equipment & Components | 52102010 Industrial Machinery & Equipment | ||
| 52102020 Heavy Machinery & Vehicles | |||
| 52102030 Electrical Components & Equipment | |||
| 52102040 Heavy Electrical Equipment | |||
| 5220 Industrial Services | 522010 Construction & Engineering | 52201020 Construction & Engineering | |
| 522020 Diversified Trading & Distributing | 52202010 Diversified Trading & Distributing | ||
| 522030 Commercial Services & Supplies | 52203010 Environmental Services | ||
| 52203020 Commercial Printing Services | |||
| 52203030 Employment Services | |||
| 52203040 Business Support Services | |||
| 52203060 Business Support Supplies | |||
| 5230 Industrial Conglomerates | 523010 Industrial Conglomerates | 52301010 Industrial Conglomerates | |
| 5240 Transportation | 524010 Air Freight & Courier Services | 52401010 Air Freight & Courier Services | |
| 524020 Airline Services | 52402010 Airlines | ||
| 52402020 Airport Services | |||
| 524030 Marine Services | 52403010 Freight Transportation, Marine | ||
| 52403020 Marine Port Services | |||
| 524040 Transportation, Ground | 52404010 Passenger Transportation, Ground & Sea | ||
| 52404020 Freight Transportation, Ground | |||
| 52404030 Highways & Rail Tracks | |||
| 53 Cyclical Consumer Goods & Services | 5310 Automobiles & Auto Parts | 531010 Automobiles & Auto Parts | 53101010 Auto & Truck Manufacturers |
| 53101020 Auto, Truck & Motorcycle Parts | |||
| 53101030 Tires & Rubber Products | |||
| 5320 Cyclical Consumer Products | 532020 Textiles & Apparel | 53202010 Textiles & Leather Goods | |
| 53202020 Apparel & Accessories | |||
| 53202030 Footwear | |||
| 532030 Homebuilding & Construction Supplies | 53203010 Homebuilding | ||
| 53203020 Construction Supplies & Fittings | |||
| 532040 Household Goods | 53204020 Consumer Electronics | ||
| 53204030 Appliances, Tools & Housewares | |||
| 53204040 Home Furnishing | |||
| 532050 Leisure Products | 53205010 Toys & Games | ||
| 53205020 Recreational Products | |||
| 5330 Cyclical Consumer Services | 533010 Hotels & Entertainment Services | 53301010 Hotels, Motels & Cruiselines | |
| 53301020 Restaurants | |||
| 53301030 Casinos & Gaming | |||
| 53301040 Leisure & Recreation | |||
| 533020 Media & Publishing | 53302010 Advertising & Marketing | ||
| 53302020 Broadcasting | |||
| 53302030 Entertainment Production | |||
| 53302040 Publishing | |||
| 53302090 Diversified Media | |||
| 5340 Retailers | 534020 Diversified Retail | 53402010 Department Stores | |
| 53402020 Discount Stores | |||
| 534030 Specialty Retailers | 53403010 Auto Vehicles, Parts & Service Retailers | ||
| 53403020 Home Improvement Products & Services Retailers | |||
| 53403030 Home Furnishings Retailers | |||
| 53403090 Other Specialty Retailers | |||
| 53403040 Apparel & Accessories Retailers | |||
| 53403050 Computer & Electronics Retailers | |||
| 54 Non-Cyclical Consumer Goods & Services | 5410 Food & Beverages | 541010 Beverages | 54101010 Brewers |
| 54101020 Distillers & Wineries | |||
| 54101030 Non-Alcoholic Beverages | |||
| 541020 Food & Tobacco | 54102010 Fishing & Farming | ||
| 54102020 Food Processing | |||
| 54102030 Tobacco | |||
| 5420 Personal & Household Products & Services | 542010 Personal & Household Products & Services | 54201010 Household Products | |
| 54201020 Personal Products | |||
| 54201030 Personal Services | |||
| 5430 Food & Drug Retailing | 543010 Food & Drug Retailing | 54301010 Drug Retailers | |
| 54301020 Food Distribution & Convenience Stores | |||
| 55 Financials | 5510 Banking & Investment Services | 551010 Banking Services | 55101010 Banks |
| 55101030 Consumer Financial Services | |||
| 55101050 Specialty Financials | |||
| 551020 Investment Banking & Investment Services | 55102010 Investment Banking & Brokerage Services | ||
| 55102020 Investment Management & Fund Operators | |||
| 55102030 Diversified Investment Services | |||
| 55102040 Specialty Investment Services | |||
| 55102050 Finanicial & Commodity Market Operators | |||
| 551030 Diversified Financial Services | 55103010 Diversified Financial Services | ||
| 5530 Insurance | 553010 Insurance | 55301010 Multiline Insurance | |
| 55301020 Property & Casualty Insurance | |||
| 55301030 Life & Health Insurance | |||
| 55301050 Reinsurance | |||
| 55301060 Insurance Brokers | |||
| 5540 Real Estate | 554020 Real Estate Operations | 55402010 Real Estate Development & Operations | |
| 55402020 Real Estate Services | |||
| 554030 Residential & Commercial REITs | 55403010 Diversified REITs | ||
| 55403020 Commercial REITs | |||
| 55403030 Residential REITs | |||
| 5550 Investment Trusts | 555010 Investment Trusts | 55501010 Investment Trusts | |
| 56 Healthcare | 5610 Healthcare Services | 561010 Healthcare Equipment & Supplies | 56101010 Advanced Medical Equipment |
| 56101020 Medical Equipment, Supplies & Distribution | |||
| 561020 Healthcare Providers & Services | 56102010 Healthcare Facilities & Services | ||
| 56102020 Managed Healthcare | |||
| 5620 Pharmaceuticals & Medical Research | 562010 Pharamaceuticals | 56201010 Diversified Pharmaceuticals | |
| 56201030 Generic & Specialty Pharmaceuticals | |||
| 562020 Biotechnology & Medical Research | 56202010 Biotechnology & Medical Research | ||
| 57 Technology | 5710 Technology Equipment | 571010 Semiconductors & Semiconductor Equipment | 57101010 Semiconductors |
| 57101020 Semiconductor Equipment & Testing | |||
| 571020 Communications Equipment | 57102010 Communications Equipment | ||
| 571030 Communications & Office Equipment | 57103010 Computer Hardware | ||
| 57103020 Office Equipment | |||
| 5720 Software & IT Services | 572010 Software & IT Services | 57201010 IT Services & Consulting | |
| 57201020 Software | |||
| 58 Telecommunications Services | 5810 Telecommunications Services | 581010 Telecommunications Services | 58101010 Integrated Telecommunications Services |
| 58101020 Wireless Telecommunications Services | |||
| 59 Utilities | 5910 Utilities | 591010 Electric Utilities | 59101010 Electric Utilities |
| 591020 Natural Gas Utilities | 59102010 Natural Gas Utilities | ||
| 591030 Water & Other Utilities | 59103010 Water & Other Utilities | ||
| 591040 Multiline Utilities | 59104010 Multiline Utilities |
A market-based classification
TRBC is a market-based classification schema, similar to the GICSGlobal Industry Classification Standard
The Global Industry Classification Standard is an industry taxonomy developed by MSCI and Standard & Poor's for use by the global financial community. The GICS structure consists of 10 sectors, 24 industry groups, 68 industries and 154 sub-industries into which S&P has categorized all major...
and ICB
Industry Classification Benchmark
The Industry Classification Benchmark is an industry classification taxonomy developed by Dow Jones and FTSE. It is used to segregate markets into sectors within the macroeconomy...
systems. These classify companies on the basis of degree of impact on markets, rather than establishment-based classification systems such as the North American Industry Classification System(NAICS).
Use of TRBC
TRBC is used primarily in the Financial Investment and Advisory space, where investors identify and select groups of comparable companies and look at trends. More specifically, this could be Investment Managers allocating funds and benchmarking their portfolios; Investment Bankers highlighting acquisition targets and opportunities for financial restructuring, or more generally corporates performing competitive analysis of their peers in the marketplace.See also
- Global Industry Classification StandardGlobal Industry Classification StandardThe Global Industry Classification Standard is an industry taxonomy developed by MSCI and Standard & Poor's for use by the global financial community. The GICS structure consists of 10 sectors, 24 industry groups, 68 industries and 154 sub-industries into which S&P has categorized all major...
- Industry Classification BenchmarkIndustry Classification BenchmarkThe Industry Classification Benchmark is an industry classification taxonomy developed by Dow Jones and FTSE. It is used to segregate markets into sectors within the macroeconomy...
- North American Industry Classification System
- Standard Industrial ClassificationStandard Industrial ClassificationThe Standard Industrial Classification is a United States government system for classifying industries by a four-digit code. Established in 1937, it is being supplanted by the six-digit North American Industry Classification System , which was released in 1997; however certain government...
- Industry informationIndustry informationIndustry classification or industry taxonomy organizes companies into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets....