Recommendations of the Review Committee (November 2024)

The vast majority of respondents were happy with TICCS® and found it clear and useful. Most of the comments in the consultation report were granular, focusing on specific points of specific classifications, especially within the industrial pillar.

Pillar one (Business Risk)

• Out of 25 respondents, 92% of respondents to the 2024 TICCS® consultation considered this pillar to serve a clear purpose.

• No recommendations provided given that majority are clear with the guidelines.-

Pillar two (Industrial Activity)

• However, the count for pillar 2’s responses dropped to 19.

• Out of 19 responses, the proportion of respondents to the 2024 TICCS® consultation who answered that the following Industrial Activity Superclasses served a clear purpose.

  • 94% IC10 – Power

  • 89% IC20 – Environmental Services

  • 79% IC30 – Social Infrastructure

  • 79% IC40 – Energy and Water Resources

  • 68% IC50 – Data

  • 79% IC60 – Transport

  • 89% IC70 – Renewables

  • 68% IC80 – Network Utilities

Definition for each subclass level asset was recommended by the Review Committee. 

• We will update the subclass definition to reflect targeted response in IC20 Environmental Services, to specify the requirement to cover the entire stages of the waste management process.

• To provide clarity, the name of the IC40 Energy and Water Resources Superclass will be updated to exclude the term ‘water’.

Suggested new Asset Subclasses were considered by the Review Committee and also the fundamental economic criteria described above.

• To be newly included:

  • Nuclear Fusion IC706030

• Suggestions not to be included:

  • Rooftop solar panels

  • Small wind turbines

  • Small-scale CHP systems

  • Real estate

  • Infant or daycare centres

  • Gas gathering systems

  • EV Charging infrastructures

  • Ferry Transport/specialty logistic transportations

  • Construction phase of the infrastructures’ lifecycle

• Suggestions that were already covered and implemented in TICCS® 2022:

  • Fiber-to-the-Premises (FTTP)

Pillar three (Geo-Economic)

• Out of 17 responses, 82% of the consultation respondents found the third TICCS® pillar to serve a clear purpose.

Pillar four (Corporate Structure)

• Out of 16 responses, 81% of the consultation respondents found the third TICCS® pillar to serve a clear purpose.