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2.4.1 TICCS® to NACE

Initially, we have reviewed and created a shortlist of relevant NACE codes that are deemed to be infrastructure activities.

We considered the principal activities and underlying assets of each TICCS® code and mapped them to themes that align with the relevant NACE code following the list. In addition, we identified NACE codes that were in fact infrastructure specific but omitted from our initial mapping and added these to the mapping.

In those instances where we found no direct map of an asset TICCS® subclass to a NACE code, we instead mapped it to the “closest” NACE group instead. For example, the TICCS® subclass Public Parks and Gardens (IC305020) is mapped to the NACE group Botanical and zoological gardens and nature reserves activities (R91.04).

Several assumptions were made during the mapping exercise:

  • Trade of electricity (NACE 35.14) is tagged to TICCS subclasses under the umbrella of IC10 Power Generation x-Renewables and IC70 Renewable power, given that their business activities involve the sale of electricity.

TICCS®

NACE Codes

Asset code

Industrial Asset Subclass

Division

Group

Class

NACE Code

IC101010

Nuclear Power Generation

D

35

14

D35.14

IC101020

Gas-Fired Power Generation

D

35

14

D35.14

IC101030

Coal-Fired Power Generation

D

35

14

D35.14

IC101040

Combined Heat and Power Generation

D

35

14

D35.14

IC101050

Other Fossil-Fuel-Fired Power Generation

D

35

14

D35.14

IC102010

Power and Water Production

D

35

14

D35.14

IC701010

On-Shore Wind Power Generation

D

35

14

D35.14

IC701020

Off-Shore Wind Power Generation

D

35

14

D35.14

IC702010

Photovoltaic Power Generation

D

35

14

D35.14

IC702020

Thermal Solar Power

D

35

14

D35.14

IC703010

Hydroelectric Dam Power Generation

D

35

14

D35.14

IC703020

Hydroelectric Run-of-River Power

D

35

14

D35.14

IC704010

Biomass Power Generation

D

35

14

D35.14

IC704020

Geothermal Power Generation

D

35

14

D35.14

IC704030

Wave Power Generation

D

35

14

D35.14

  • Installation of industrial machinery and equipment (NACE 33.20) is mapped to TICCS® subclasses that require unique, specialised machinery to operate. For instance, it is mapped to all assets in IC20 Environmental Services, including IC204010 Flood Control which involves a drainage infrastructure system to hold rainwater to prevent urban flooding.

TICCS®

NACE Codes

Asset code

Industrial Asset Subclass

Division

Group

Class

NACE Code

IC201010

Non-Hazardous Waste Treatment

C

33

20

C33.20

IC201020

Hazardous Waste Treatment

C

33

20

C33.20

IC201030

Waste-to-Power Generation

C

33

20

C33.20

IC201040

Waste incineration

C

33

20

C33.20

IC201050

Gaseous Waste Treatment

C

33

20

C33.20

IC202010

Potable Water Treatment

C

33

20

C33.20

IC202020

Industrial Water Treatment

C

33

20

C33.20

IC202030

Sea Water Desalination

C

33

20

C33.20

IC202040

Water Supply Dams

C

33

20

C33.20

IC203010

Residential Wastewater Treatment and Reuse

C

33

20

C33.20

IC203020

Industrial Wastewater Treatment and Reuse

C

33

20

C33.20

IC204010

Flood Control

C

33

20

C33.20

IC204020

Coastal and Riverine Locks

C

33

20

C33.20

IC204030

Energy Efficiency

C

33

20

C33.20

IC204040

Carbon Capture

C

33

20

C33.20

  • For Construction of residential and non-residential buildings (NACE 41.20), we follow the definition of a building in the NACE guidelines. In that respect, we only include stand-alone “buildings” here and not buildings within facilities. For example, an office building in a nuclear power plant is not mapped to this code. Greenfield projects were considered in this mapping.

TICCS®

NACE Codes

Asset code

Industrial Asset Subclass

Division

Group

Class

NACE Code

IC301030

Barracks and Accommodation

F

41

20

F41.20

IC302010

Schools (Classes and Sports Facilities)

F

41

20

F41.20

IC302020

Universities (Classes, Labs, Administration Buildings)

F

41

20

F41.20

IC302030

Student Accommodation

F

41

20

F41.20

IC303050

Social Accommodation

F

41

20

F41.20

IC303060

Government Buildings and Office Accommodation

F

41

20

F41.20

IC304010

Hospitals

F

41

20

F41.20

IC304020

Clinics

F

41

20

F41.20

IC304030

Residential and Assisted Living

F

41

20

F41.20

IC305010

Stadiums and Sports Centres

F

41

20

F41.20

IC601010

Airport

F

41

20

F41.20

IC602010

Car Park

F

41

20

F41.20

  • The exercise ignores Specialised construction activities (NACE 43.00) and Specialised consultancy services (NACE 71.00). In principle, these activities should be mapped to all TICCS® asset subclasses, but these are excluded to allow proper analysis and comparison by market participants when using the taxonomies.

We consider as many relevant NACE codes as possible in our mapping of TICCS® to NACE at the granular level, including those of construction activities, renting equipment and construction of buildings where necessary.

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