Technical Note: Global Industry Classification Standards (GICS) CDP +44 (0)

Transcription

1 Technical Note: Global Industry Classification Standards (GICS) CDP +44 (0)

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 2

3 management and custody, corporate lending, insurance, financial investment and real estate, including REITs. 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 &, including manufacturers and distributors of communications equipment, computers & peripherals, electronic equipment and related instruments, and third, Semiconductors and Semiconductor 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 & Oil, Gas & Consumable Fuels Oil & Gas Drilling Oil & Gas & 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 Diversified Chemicals Fertilizers & Agricultural Chemicals Industrial Gases Specialty Chemicals Construction Materials Metals & Glass Containers Paper Packaging 3

4 Metals & Mining Paper & Forest Products Industrials Capital Goods Aerospace & Defense Commercial & Professional Transportation Building Products Construction & Engineering Electrical Industrial Conglomerates Machinery Trading Companies & Distributors Commercial & Supplies Professional Air Freight & Logistics Airlines Aluminum Diversified Metals & Mining Gold Precious Metals & Minerals Steel Forest Products Paper Products Aerospace & Defense Building Products Construction & Engineering Electrical Components & Heavy Electrical 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 Airfreight & Logistics Airlines 4

5 Consumer Discretionary Automobiles & Components Consumer Durables & Apparel Consumer Marine Roads & Rail Transportation Infrastructure Auto Components Automobiles Household Durables Leisure & Products Textiles, Apparel & Luxury Goods Hotels Restaurants & Leisure Diversified Consumer Marine Railroads Trucking Airport Highways & Railtracks Marine Ports & Auto Parts & 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 5

6 Cable & Satellite Movies & Entertainment Publishing Retailing Distributors Distributors Internet & Catalogue Retails Multiline Retail Specialty Retail Consumer Staples Food & Staples Retailing Food & Staples Retailing Health Care Food Beverage & Tobacco Household & Personal Products Healthcare & Beverages Food Products Tobacco Household Products Personal Products Healthcare & Supplies 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 Hypermarkets & Super Centers Brewers Distillers & Vintners Soft Drinks Agricultural Products Packaged Foods & Meats Tobacco Household Products Personal Products Healthcare Healthcare Supplies 6

7 Pharmaceuticals, Biotechnology & Life Sciences Health Care Providers & Health Care Technology Biotechnology Pharmaceuticals Life Sciences Tools & Health Care Distributors Health Care 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 7

8 Information Technology Software & Technology Hardware & Semiconductors & Semiconductor Real estate Management & Development Internet Software & IT Software Communications Computers & Peripherals Electronic, Instruments & Components Office Electronics Semiconductors & Semiconductor Residential REITs Retail REITs 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 Computer Hardware Computer Storage & Peripherals Electronic & Instruments Electronic Components Electronic Manufacturing Technology Distributors Office Electronics Semiconductor Semiconductors 8

9 Telecommunications Telecommunication Service Diversified Telecommunication Wireless Telecommunication Alternative Carriers 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