Technical Note: Global Industry Classification Standards (GICS)

Transcription

1 Technical Note: Global Industry Classification Standards (GICS) 1

2 The Global Industry Classification Standard structure consists of 10 sectors, 24 industry groups, 68 industries and 154 sub-industries. Developed by MSCI and Standard & Poor s (S&P), the structure aims to be universal, accurate, flexible and evolving. GICS is used by CDP in two ways. The system is used by CDP s report-writers to analyze trends within sectors in terms of their responses to the CDP information request. It is also used within the Online Response System to trigger the presentation of sector-specific modules. The following are definitions of the Parent sectors CDP utilizes in its reports. Your company may already be allocated a category by CDP based on GICS. If CDP s classification of your company does not match the current GICS categorization for your company, please let us know and we will amend it. If you wish to change your GICS classification please clientservice@mscibarra.com with your reasons for the change. It will take up to three months for them to assess your request. If you are successful in changing your classification, please contact us and we will be happy to update our records. The GICS methodology has been widely accepted as an industry analysis framework for investment research, portfolio management and asset allocation. Its universal approach to industries worldwide has contributed to transparency and efficiency in the investment process. For more information on GICS please visit: and Energy Sector: The GICS Energy Sector comprises companies whose businesses are dominated by either of the following activities: The construction or provision of oil rigs, drilling equipment and other energy related service and equipment, including seismic data collection. Companies engaged in the exploration, production, marketing, refining and/or transportation of oil and gas products. Materials Sector: The GICS Materials Sector encompasses a wide range of commodity-related manufacturing industries. Included in this sector are companies that manufacture chemicals, construction materials, glass, paper, forest products and related packaging products and metals, minerals and mining companies, including producers of steel. Industrials Sector: The GICS Industrials Sector includes companies whose businesses are dominated by one of the following activities: The manufacture and distribution of capital goods, including aerospace & defense, construction, engineering & building products, electrical equipment and industrial machinery. The provision of commercial services and supplies, including printing, employment, environmental and office services. The provision of transportation services, including airlines, couriers, marine, road & rail and transportation infrastructure. Consumer Discretionary Sector: The GICS Consumer Discretionary Sector encompasses those industries that tend to be the most sensitive to economic cycles. Its manufacturing segment includes automotive, household durable goods, textiles & apparel and leisure equipment. The services segment includes hotels, restaurants and other leisure facilities, media production and services and consumer retailing. Consumer Staples Sector: The GICS Consumer Staples Sector comprises companies whose businesses are less sensitive to economic cycles. It includes manufacturers and distributors of food, beverages and tobacco and producers of non-durable household goods and personal products. It also includes food & drug retailing companies as well as hypermarkets and consumer super-centers. Health Care Sector: The GICS Health Care Sector encompasses two main industry groups. The first includes companies who manufacture health care equipment and supplies or provide health care related services, including distributors of health care products, providers of basic health-care services and owners and operators of health care facilities and organizations. The second regroups companies primarily involved in the research, development, production and marketing of pharmaceuticals and biotechnology products. Financials Sector: The GICS Financial Sector contains companies involved in activities such as banking, mortgage finance, consumer finance, specialized finance, investment banking and brokerage, asset management and custody, corporate lending, insurance, financial investment and real estate, including REITs. 2

3 Information Technology Sector: The GICS Information Technology Sector covers the following general areas: First, Technology Software &, including companies that primarily develop software in various fields such as the Internet, applications, systems, database management and/or home entertainment and companies that provide information technology consulting and services as well as data processing and outsourced services; second, Technology Hardware & Equipment, including manufacturers and distributors of communications equipment, computers & peripherals, electronic equipment and related instruments, and third, Semiconductors and Semiconductor Equipment Manufacturers. Telecommunications Sector: The GICS Telecommunications Sector contains companies that provide communications services primarily through a fixed-line, cellular, wireless, high bandwidth and/or fiber optic cable network. Utilities Sector: The GICS Utilities Sector encompasses those companies considered electric, gas or water utilities or companies that operate as independent producers and/or distributors of power. This sector includes both nuclear and non-nuclear facilities. The table below provides a detailed breakdown of the Parent Sectors companies will be included in, in many of the CDP reports. Parent Sectors Industry Groups Industry Sub-Industries Energy Energy Energy Equipment & Oil, Gas & Consumable Fuels Oil & Gas Drilling Oil & Gas Equipment & Integrated Oil & Gas Oil & Gas Exploration & Production Oil & Gas Refining & Marketing Oil & Gas Storage & Transportation Coal & Consumable Fuels Materials Materials Chemicals Commodity Chemicals Construction Materials Containers & Packaging Metals & Mining Diversified Chemicals Fertilizers & Agricultural Chemicals Industrial Gases Specialty Chemicals Construction Materials Metals & Glass Containers Paper Packaging Aluminum 3

4 Paper & Forest Products Diversified Metals & Mining Gold Precious Metals & Minerals Steel Forest Products Paper Products Industrials Capital Goods Aerospace & Defense Aerospace & Defense Commercial & Professional Building Products Construction & Engineering Electrical Equipment Industrial Conglomerates Machinery Trading Companies & Distributors Commercial & Supplies Professional Building Products Construction & Engineering Electrical Components & Equipment Heavy Electrical Equipment Industrial Conglomerates Construction & Farm Machinery & Heavy Trucks Industrial Machinery Trading Companies & Distributors Commercial Printing Environment & Facilities Office & Supplies Diversified Support Security & Alarm Human Resource & Employment Research & Consulting Transportation Air Freight & Logistics Airfreight & Logistics Airlines Marine Roads & Rail Airlines Marine Railroads Trucking 4

5 Consumer Discretionary Automobiles & Components Consumer Durables & Apparel Consumer Transportation Infrastructure Auto Components Automobiles Household Durables Leisure Equipment & Products Textiles, Apparel & Luxury Goods Hotels Restaurants & Leisure Diversified Consumer Airport Highways & Railtracks Marine Ports & Auto Parts & Equipment Tires & Rubber Automobile Manufacturers Motorcycle Manufacturers Consumer Electronics Home Furnishings Homebuilding Household Appliances Housewares & Specialities Leisure Products Photographic Products Apparel, Accessories & Luxury Goods Footwear Textiles Casinos & Gaming Hotels, Resorts & Cruise Lines Leisure Facilities Restaurants Education Specialized Consumer Media Media Advertising Broadcasting Cable & Satellite Movies & Entertainment 5

6 Publishing Retailing Distributors Distributors Internet & Catalogue Retails Multiline Retail Specialty Retail Consumer Staples Food & Staples Retailing Food & Staples Retailing Health Care Catalogue Retail Internet Retail Department Stores General Merchandise Stores Apparel Retail Computer & Electronics Retail Home Improvement Retail Specialty Stores Automotive Retail Home furnishing Retail Drug Retail Food Distributors Food Retail Food Beverage & Tobacco Beverages Brewers Household & Personal Products Healthcare Equipment & Food Products Tobacco Household Products Personal Products Healthcare Equipment & Supplies Health Care Providers & Hypermarkets & Super Centers Distillers & Vintners Soft Drinks Agricultural Products Packaged Foods & Meats Tobacco Household Products Personal Products Healthcare Equipment Healthcare Supplies Health Care Distributors Health Care 6

7 Pharmaceuticals, Biotechnology & Life Sciences Health Care Technology Biotechnology Pharmaceuticals Life Sciences Tools & Health Care Facilities Managed Health Care Health Care Technology Biotechnology Pharmaceuticals Life Sciences Tools & Financials Banks Commercial Banks Diversified Banks Diversified Financials Thrifts & Mortgage Finance Diversified Financial Consumer Finance Capital Markets Regional Banks Thrifts & Mortgage Finance Other Diversified Financial Multi-Sector Holdings Specialized Finance Consumer Finance Asset Management & Custody Banks Investment Banking & Brokerage Diversified Capital Markets Insurance Insurance Insurance Brokers Real Estate Real Estate Investment Trusts (REITs) Life & Health Insurance Multi-line Insurance Property & Casualty Insurance Diversified REITs Industrial REITs Mortgage REITs Office REITs Residential REITs Retail REITs 7

8 Information Technology Software & Technology Hardware & Equipment Semiconductors & Semiconductor Equipment Real estate Management & Development Internet Software & IT Software Communications Equipment Computers & Peripherals Electronic Equipment, Instruments & Components Office Electronics Semiconductors & Semiconductor Equipment Telecommunications Telecommunication Service Diversified Telecommunication Specialized REITs Diversified Real Estate Activities Real Estate Operating Companies Real Estate Development Real Estate Internet Software & IT Consulting & Other Data Processing & Outsources Application Software Systems Software Home Entertainment Software Communications Equipment Computer Hardware Computer Storage & Peripherals Electronic Equipment & Instruments Electronic Components Electronic Manufacturing Technology Distributors Office Electronics Semiconductor Equipment Semiconductors Alternative Carriers 8

9 Wireless Telecommunication Integrated Telecommunications Wireless Telecommunication Utilities Utilities Electric Utilities Electric Utilities Gas Utilities Multi-Utilities Water Utilities Independent Power Producers & Energy Traders Gas Utilities Multi-Utilities Water Utilities Independent Power Producers & Energy Traders 9