Global Industry Classification Standard (GICS®)

ESG

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Ratings

August 22, 2024

The Global Industry Classification Standard (GICS^®) was developed in 1999 by S&P Dow Jones Indices and MSCI. The GICS methodology aims to enhance the investment research and asset management process for financial professionals worldwide. It is the result of numerous discussions with asset owners, portfolio managers, and investment analysts around the world. It was designed in response to the global financial community’s need for accurate, complete, and standard industry definitions.

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, and the GICS methodology supports the trend towards sector-based investing.

The GICS structure consists of 11 sectors, 25 industry groups ,74 industries, and 163 sub-industries.

For instance:

Energy:

Comprises companies engaged in exploration & production, refining & marketing, and storage & transportation of oil & gas and coal & consumable fuels. It also includes companies that offer oil & gas equipment and services.

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