Thomson Reuters Business Classification

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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.

Coverage[edit]

TRBC covers over 70,000 public companies from 130 countries and provides over 10 years of classification history. The classification consists of five 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, 124 industries and 837 Activities.

The top four levels are as follows:

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 Financial & 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 Pharmaceuticals 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[edit]

TRBC is a market-based classification schema, similar to the GICS 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).

Use of TRBC[edit]

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[edit]

External links[edit]

References[edit]

  • [1], Thomson Reuters Business Classification