Global Industry Classification Standard in the context of "McGraw Hill Financial"

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⭐ Core Definition: Global Industry Classification Standard

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, 25 industry groups, 74 industries and 163 sub-industries into which S&P has categorized all major public companies. The system is similar to ICB (Industry Classification Benchmark), a classification structure maintained by FTSE Group.

GICS is used as a basis for S&P and MSCI indexes used in the financial field which each company is assigned to a sub-industry, and to an industry, industry group, and sector, by its principal business activity. "GICS" is a registered trademark of McGraw Hill Financial and MSCI Inc.

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Global Industry Classification Standard in the context of Transport industry

The transport/transportation and logistics industry is a category of companies that provide services to transport people or goods. The Global Industry Classification Standard (GICS) lists transport below the industrials sector. The sector consists of several industries including logistics and air freight or airlines, marine, road and rail, and their respective infrastructures. Entire stock market indexes focus on the sector, like the Dow Jones Transportation Index (DJTA).

In the EU, the transport industry directly employs around 10 million people and accounts for about 5% of the gross domestic product (GDP). Logistics account for 10–15% of the cost of a finished product for European companies. On average 13.2% of every household's budget is spent on transport, which still depends heavily on fossil fuels and represents an important source of CO2 emissions. Emissions from road freight transport have risen by more than 20% since 1995, counterweighting the increased energy efficiency of vehicles.

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