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.

Industry classification or industry taxonomy is a type of economic taxonomy that organizes companies into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets.

Thomson Reuters Canada-based media company

Thomson Reuters Corporation is a Canadian multinational mass media and information firm. The firm was founded in Toronto, Ontario, Canada, where it is headquartered at 333 Bay Street in Downtown Toronto. Thomson Reuters shares are cross listed on the Toronto Stock Exchange and the New York Stock Exchange.

Thomson Reuters Indices is a line of indices and index services from Thomson Reuters:



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 sectorBusiness sectorIndustry groupIndustry
50 Energy5010 Energy501010 Coal50101010 Coal
501020 Oil and gas50102010 Integrated Oil and gas
50102020 Oil & Gas Exploration and Production
50102030 Oil & Gas Refining and Marketing
501030 Oil & Gas Related Equipment and Services50103010 Oil & Gas Drilling
50103020 Oil-related Services and Equipment
50103030 Oil & Gas Transportation Services
501040 Renewable Energy Code changed, see 50201050104010 Renewable Energy Equipment & Services Code changed, see 50201010
50104020 Renewable Fuels Code changed, see 50201020
5020 Renewable Energy502010 Renewable Energy50201010 Renewable Energy Equipment & Services
50201020 Renewable Fuels
5030 Uranium503010 Uranium50301010 Uranium
51 Basic Materials5110 Chemicals511010 Chemicals51101010 Commodity Chemicals
51101020 Agricultural Chemicals
51101030 Specialty Chemicals
51101090 Diversified Chemicals
5120 Mineral Resources512010 Metals & Mining51201010 Precious metals & Minerals
51201020 Steel
51201030 Aluminum
51201050 Specialty Mining & Metals
51201060 Gold
51201070 Mining Support Services & Equipment
51201080 Integrated Mining
512020 Construction Materials51202010 Construction Materials
5130 Applied Resources513010 Paper & Forest Products51301010 Forest & Wood Products
51301020 Paper Products
513020 Containers & Packaging51302010 Non-Paper Containers & Packaging
51302020 Paper Packaging
52 Industrials5210 Industrial Goods521010 Aerospace & Defense52101010 Aerospace & Defense
521020 Machinery, Equipment & Components52102010 Industrial Machinery & Equipment
52102020 Heavy Machinery & Vehicles
52102030 Electrical Components & Equipment
52102040 Heavy Electrical Equipment
52102050 Shipbuilding
5220 Industrial Services522010 Construction & Engineering52201020 Construction & Engineering
522020 Diversified Trading & Distributing52202010 Diversified Trading & Distributing
522030 Professional & Commercial Services52203010 Environmental Services & Equipment
52203020 Commercial Printing Services
52203030 Employment Services
52203040 Business Support Services
52203060 Business Support Supplies
52203070 Professional Information Services
5230 Industrial Conglomerates523010 Industrial Conglomerates52301010 Industrial Conglomerates
5240 Transportation524010 Air Freight & Courier Services Discontinued52401010 Air Freight & Courier Services Code changed, see 52405010
524020 Airline Services Discontinued52402010 Airlines Code changed, see 52406010
52402020 Airport Services Code changed, see 52407010
524030 Marine Services Discontinued52403010 Freight Transportation, Marine Code changed, see 52405020
52403020 Marine Port Services Code changed, see 52407020
524040 Transportation, Ground Discontinued52404010 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 Services52405010 Air Freight & Courier Services
52405020 Marine Freight & Logistics
52405030 Ground Freight & Logistics
524060 Passenger Transportation Services52406010 Airlines
52406020 Passenger Transportation, Ground & Sea
524070 Transport Infrastructure52407010 Airport Services
52407020 Marine Port Services
52407030 Highways & Rail Tracks
53 Cyclical Consumer Goods & Services5310 Automobiles & Auto Parts531010 Automobiles & Auto Parts53101010 Auto & Truck Manufacturers
53101020 Auto, Truck & Motorcycle Parts
53101030 Tires & Rubber Products
5320 Cyclical Consumer Products532020 Textiles & Apparel53202010 Textiles & Leather Goods
53202020 Apparel & Accessories
53202030 Footwear
532030 Homebuilding & Construction Supplies53203010 Homebuilding
53203020 Construction Supplies & Fittings
532040 Household Goods53204020 Consumer Electronics Discontinued
53204030 Appliances, Tools & Housewares
53204040 Home Furnishing
532050 Leisure Products53205010 Toys & Juvenile Products
53205020 Recreational Products
5330 Cyclical Consumer Services533010 Hotels & Entertainment Services53301010 Hotels, Motels & Cruise Lines
53301020 Restaurants & Bars
53301030 Casinos & Gaming
53301040 Leisure & Recreation
533020 Media & Publishing53302010 Advertising & Marketing
53302020 Broadcasting
53302030 Entertainment Production
53302040 Consumer Publishing
53302090 Diversified Media Discontinued
5340 Retailers534020 Diversified Retail53402010 Department Stores
53402020 Discount Stores
534030 Specialty Retailers53403010 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 & Services5410 Food & Beverages541010 Beverages54101010 Brewers
54101020 Distillers & Wineries
54101030 Non-Alcoholic Beverages
541020 Food & Tobacco54102010 Fishing & Farming
54102020 Food Processing
54102030 Tobacco
5420 Personal & Household Products & Services542010 Personal & Household Products & Services54201010 Household Products
54201020 Personal Products
54201030 Personal Services
5430 Food & Drug Retailing543010 Food & Drug Retailing54301010 Drug Retailers
54301020 Food Distribution & Convenience Stores
55 Financials5510 Banking & Investment Services551010 Banking Services55101010 Banks
55101030 Consumer Financial Services
55101050 Corporate Financial Services
551020 Investment Banking & Investment Services55102010 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 Discontinued55103010 Diversified Financial Services Discontinued
5530 Insurance553010 Insurance55301010 Multiline Insurance
55301020 Property & Casualty Insurance
55301030 Life & Health Insurance
55301050 Reinsurance
55301060 Insurance Brokers Discontinued
5540 Real Estate 554020 Real Estate Operations55402010 Real Estate Development & Operations
55402020 Real Estate Services
554030 Residential & Commercial REITs55403010 Diversified REITs
55403020 Commercial REITs
55403030 Residential REITs
55403040 Specialized REITs
5550 Collective Investments555010 Collective Investments55501010 Investment Trusts
55501020 Mutual Funds
55501030 Closed End Funds
55501040 Exchange Traded Funds
55501050 Pension Funds
55501060 Insurance Funds
5560 Holding Companies556010 Holding Companies55601010 Holding Companies
56 Healthcare5610 Healthcare Services561010 Healthcare Equipment & Supplies56101010 Advanced Medical Equipment
56101020 Medical Equipment, Supplies & Distribution
561020 Healthcare Providers & Services56102010 Healthcare Facilities & Services
56102020 Managed Healthcare
5620 Pharmaceuticals & Medical Research562010 Pharmaceuticals56201010 Diversified Pharmaceuticals Discontinued
56201030 Generic & Specialty Pharmaceuticals Discontinued
56201040 Pharmaceuticals
562020 Biotechnology & Medical Research56202010 Biotechnology & Medical Research
57 Technology5710 Technology Equipment571010 Semiconductors & Semiconductor Equipment57101010 Semiconductors
57101020 Semiconductor Equipment & Testing
571020 Communications Equipment57102010 Communications Equipment
571030 Communications & Office Equipment Discontinued57103010 Computer Hardware Code changed, see 57106010
57103020 Office Equipment Code changed, see 57105010
571040 Electronic Equipments & Parts57104010 Electronic Equipments & Parts
571050 Office Equipment57105010 Office Equipment
571060 Computers, Phones & Household Electronics57106010 Computer Hardware
57106020 Phones & Handheld Devices
57106030 Household Electronics
5720 Software & IT Services572010 Software & IT Services57201010 IT Services & Consulting
57201020 Software
57201030 Internet Services
58 Telecommunications Services5810 Telecommunications Services581010 Telecommunications Services58101010 Integrated Telecommunications Services
58101020 Wireless Telecommunications Services
59 Utilities5910 Utilities591010 Electric Utilities & IPPs59101010 Electric Utilities
59101020 Independent Power Producers
591020 Natural Gas Utilities59102010 Natural Gas Utilities
591030 Water & Other Utilities59103010 Water & Other Utilities
591040 Multiline Utilities59104010 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).

The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 24 industry groups, 69 industries and 158 sub-industries into which S&P has categorized all major public companies. The system is similar to ICB, a classification structure maintained by FTSE Group.

The Industry Classification Benchmark (ICB) is an industry classification taxonomy launched by Dow Jones and FTSE in 2005 and now owned solely by FTSE International. It is used to segregate markets into sectors within the macroeconomy. The ICB uses a system of 10 industries, partitioned into 19 supersectors, which are further divided into 41 sectors, which then contain 114 subsectors.

North American Industry Classification System

The North American Industry Classification System or NAICS is an classification of business establishments by type of economic activity. It is used by government and business in Canada, Mexico, and the United States of America. It has largely replaced the older Standard Industrial Classification (SIC) system, except in some government agencies, such as the U.S. Securities and Exchange Commission (SEC).

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

Statistical Classification of Economic Activities in the European Community

The Statistical Classification of Economic Activities in the European Community, commonly referred to as NACE, is the industry standard classification system used in the European Union. The current version is revision 2 and was established by Regulation (EC) No 1893/2006. It is the European implementation of the UN classification ISIC, revision 4.

The Standard Industrial Classification (SIC) is a system for classifying industries by a four-digit code. Established in the United States in 1937, it is used by government agencies to classify industry areas. The SIC system is also used by agencies in other countries, e.g., by the United Kingdom's Companies House.

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