Stockholm, May 15, 2020- Nasdaq (Nasdaq: NDAQ) today announced that a number of
changes in the Industry Classification Benchmark (ICB) standard will be
implemented on July 13, 2020. The ICB is a globally recognized standard
operated and managed by FTSE Russell for labelling companies and securities
across four levels of categorization - and is used across the Nasdaq Nordic &
Baltic Main Markets and Nasdaq First North.
The key changes to the ICB standard include:
-- The total number of Industries will move from 10 to 11, with the addition
of Real Estate as the 11th ICB industry. Real Estate was previously a part
of the Financials industry.
-- The Oil & Gas Industry will be renamed to Energy. Companies within the
Energy Industry will be grouped at the sector level as either Renewable or
Non-Renewable Energy.
-- Consumer Services and Consumer Goods will be renamed to Consumer
Discretionary and Consumer Staples, respectively.
-- The Telecommunications Industry will be expanded to include
Telecommunications Equipment (previously in the Technology Industry) and
Cable Television Services (Previously in the Media Sector)
The new ICB standard includes 11 Industries, 20 Supersectors, 45 Sectors and
173 Subsectors. Each company is included in the subsector that best represents
the nature of its business, which primarily is determined by its primary source
of revenue and other publicly available information.
Further information about the ICB standard and the updates can be found here:
https://www.ftserussell.com/data/industry-classification-benchmark-icb
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opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
Nasdaq Media Contact
Erik Granström
+46 73 449 78 07
erik.granstrom@nasdaq.com© 2020 GlobeNewswire
