The Refinitiv Business Classification

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

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, 28 business sectors, 54 industry groups, 143 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 Code changed, see 502010	50104010 Renewable Energy Equipment & Services Code changed, see 50201010
			50104020 Renewable Fuels Code changed, see 50201020
	5020 Renewable Energy	502010 Renewable Energy	50201010 Renewable Energy Equipment & Services
			50201020 Renewable Fuels
	5030 Uranium	503010 Uranium	50301010 Uranium
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
			51201060 Gold
			51201070 Mining Support Services & Equipment
			51201080 Integrated Mining
		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
			52102050 Shipbuilding
	5220 Industrial Services	522010 Construction & Engineering	52201020 Construction & Engineering
		522020 Diversified Trading & Distributing	52202010 Diversified Trading & Distributing
		522030 Professional & Commercial Services	52203010 Environmental Services & Equipment
			52203020 Commercial Printing Services
			52203030 Employment Services
			52203040 Business Support Services
			52203060 Business Support Supplies
			52203070 Professional Information Services
	5230 Industrial Conglomerates	523010 Industrial Conglomerates	52301010 Industrial Conglomerates
	5240 Transportation	524010 Air Freight & Courier Services Discontinued	52401010 Air Freight & Courier Services Code changed, see 52405010
		524020 Airline Services Discontinued	52402010 Airlines Code changed, see 52406010
			52402020 Airport Services Code changed, see 52407010
		524030 Marine Services Discontinued	52403010 Freight Transportation, Marine Code changed, see 52405020
			52403020 Marine Port Services Code changed, see 52407020
		524040 Transportation, Ground Discontinued	52404010 Passenger Transportation, Ground & Sea Code changed, see 52406020
			52404020 Freight Transportation, Ground Code changed, see 52405030
			52404030 Highways & Rail Tracks Code changed, see 52407030
		524050 Freight & Logistics Services	52405010 Air Freight & Courier Services
			52405020 Marine Freight & Logistics
			52405030 Ground Freight & Logistics
		524060 Passenger Transportation Services	52406010 Airlines
			52406020 Passenger Transportation, Ground & Sea
		524070 Transport Infrastructure	52407010 Airport Services
			52407020 Marine Port Services
			52407030 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 Discontinued
			53204030 Appliances, Tools & Housewares
			53204040 Home Furnishing
		532050 Leisure Products	53205010 Toys & Juvenile Products
			53205020 Recreational Products
	5330 Cyclical Consumer Services	533010 Hotels & Entertainment Services	53301010 Hotels, Motels & Cruise Lines
			53301020 Restaurants & Bars
			53301030 Casinos & Gaming
			53301040 Leisure & Recreation
		533020 Media & Publishing	53302010 Advertising & Marketing
			53302020 Broadcasting
			53302030 Entertainment Production
			53302040 Consumer Publishing
			53302090 Diversified Media Discontinued
	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
			53403040 Apparel & Accessories Retailers
			53403050 Computer & Electronics Retailers
			53403090 Miscellaneous Specialty 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 Corporate Financial Services
		551020 Investment Banking & Investment Services	55102010 Investment Banking & Brokerage Services
			55102020 Investment Management & Fund Operators
			55102030 Diversified Investment Services
			55102040 Specialty Investment Services Discontinued
			55102050 Financial & Commodity Market Operators
		551030 Diversified Financial Services Discontinued	55103010 Diversified Financial Services Discontinued
	5530 Insurance	553010 Insurance	55301010 Multiline Insurance
			55301020 Property & Casualty Insurance
			55301030 Life & Health Insurance
			55301050 Reinsurance
			55301060 Insurance Brokers Discontinued
	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
			55403040 Specialized REITs
	5550 Collective Investments	555010 Collective Investments	55501010 Investment Trusts
			55501020 Mutual Funds
			55501030 Closed End Funds
			55501040 Exchange Traded Funds
			55501050 Pension Funds
			55501060 Insurance Funds
	5560 Holding Companies	556010 Holding Companies	55601010 Holding Companies
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 Discontinued
			56201030 Generic & Specialty Pharmaceuticals Discontinued
			56201040 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 Discontinued	57103010 Computer Hardware Code changed, see 57106010
			57103020 Office Equipment Code changed, see 57105010
		571040 Electronic Equipments & Parts	57104010 Electronic Equipments & Parts
		571050 Office Equipment	57105010 Office Equipment
		571060 Computers, Phones & Household Electronics	57106010 Computer Hardware
			57106020 Phones & Handheld Devices
			57106030 Household Electronics
	5720 Software & IT Services	572010 Software & IT Services	57201010 IT Services & Consulting
			57201020 Software
			57201030 Internet Services
58 Telecommunications Services	5810 Telecommunications Services	581010 Telecommunications Services	58101010 Integrated Telecommunications Services
			58101020 Wireless Telecommunications Services
59 Utilities	5910 Utilities	591010 Electric Utilities & IPPs	59101010 Electric Utilities
			59101020 Independent Power Producers
		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 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

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 Standard
• Industry Classification Benchmark
• North American Industry Classification System
• Statistical Classification of Economic Activities in the European Community
• Standard Industrial Classification
• Industry information

External links

• Thomson Reuters Business Classification
• Thomson Reuters Business Classification in Excel

References

• [1], Thomson Reuters Business Classification