Consultations

Consultation on Potential Changes to the Global Industry Classification Standard (GICS®) Structure in 2022

Open for comment until Dec 20, 2021

This consultation is no longer open. The survey below is provided for reference purposes only. You will not be able to interact with it.

  • Step 1About You
  • Step 2Survey
  • Step 3Submit
    • First Name*
    • Last Name*
    • Company*
    • Email*

    S&P DJI makes responses to consultations freely available upon request with redacted individual and company names unless requested to be confidential. Do you wish for your response to remain confidential?*


      • Should companies engaged in the following businesses be consolidated under the Energy Sector (select all that apply)?
      • Should GICS reclassify companies that generate and wholesale energy/electricity, but do not distribute to end users, into the Energy Sector from the Utilities Sector?
      • Should Electric Utilities distributing electricity produced from renewable sources be classified in a separate Sub-Industry from those distributing electricity produced from non-renewable sources?
      • Do you have any other comments or feedback regarding the proposed changes to Renewable Energy?
      • Should the Internet & Direct Marketing Retail Sub-Industry be discontinued, and companies be reclassified into their respective Retail or other Sub-Industries based on the nature of the goods sold or services offered by them?
      • Should there be a distinction between online retailers and brick-and-mortar retailers?
      • Should General Merchandise Stores and Department Stores be combined into one Sub-Industry called Broadline Retail under the Consumer Discretionary Sector?
      • Should companies mainly selling consumable merchandise currently classified under the Consumer Discretionary Sector as General Merchandise Stores be reclassified under the Consumer Staples Sector as Consumable Merchandise Retail?
      • Do you have any other comments or feedback regarding the proposed changes to Retailers?
      • Should companies that provide payment and transaction processing services be reclassified to the Financials Sector from the Information Technology Sector?
      • Should call centers and other business outsourced services including customer experience management be reclassified to the Industrials Sector or remain in the Information Technology Sector?
      • Do you have any other comments or feedback regarding the proposed changes to Data Processing & Outsourced Services?
      • Should Diversified Banks, Regional Banks and Thrifts/Savings Banks be merged into one Sub-Industry named Banks?
      • Should Mortgage Finance companies servicing both commercial and residential real estate properties move from the Banks Industry Group to the Financial Services Industry Group?
      • Do you have any other comments or feedback regarding the proposed changes to Banks and Thrifts & Mortgage Finance?
      • Should additional Sub-Industries for REITs be added to increase the granularity of equity REITS in the GICS structure?
      • Do you have any other comments or feedback regarding the proposed changes to REITs?
      • Should the definition of Trucking be updated to include only freight ground transportation, with passenger transportation moved to a new Sub-Industry called Passenger Ground Transportation?
      • Do you have any other comments or feedback regarding the proposed change to Transportation?
      • Do you have any comments or feedback regarding the classification of manufacturers of cannabis-based products?
      • Do you have any comments or feedback regarding the GICS structure or the proposed changes outlined in the consultation?
  • Please be advised that all comments from this consultation will be reviewed and considered before a final decision is made; however, S&P DJI makes no guarantee nor is under any obligation to comply with any of the responses. The survey may result in no changes or outcome of any kind. If S&P DJI decides to change the index methodology, an announcement will be posted on our website.


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