Industry classification is important in ESG reporting, as it determines how companies report on criteria and influences their ESG score. Resources like Statistics Canada provide data on industry classifications aligned with international standards. Determining classification can be complex, but systems like ISIC help. ESG considerations differ by industry, such as environmental issues for mining companies and investment policies for financial institutions. Tools like the WIPO's Nice Classification system aid in understanding industry distinctions. Accurate classification ensures precise and relevant ESG reporting, supporting a sustainable growth strategy tailored to industry-specific challenges.