How to choose the right industry and sub-industry

When you register your organization in Worldfavor, respond to a questionnaire, or update your organization information, you may be asked to select the industry and sub-industry that best match your main business activity. These options follow the NACE Rev. 2 classification system , which is commonly used across Europe.

What is NACE Rev 2?

NACE Rev. 2 is a European standard used to classify economic activities. It was developed by Eurostat to ensure consistent reporting and comparison across industries. Using this system helps improve data accuracy and enables meaningful benchmarking.

⚡️ Quick summary

You must select an industry and sub-industry when registering your organization in Worldfavor.
This helps ensure your organization receives the most relevant ESG questionnaires and platform experience.
Choose the option that best reflects your core business activities.
If you're unsure, check our industry guide or contact support for help.

How to choose the right industry

Step 1: Understand the structure

The NACE system has multiple levels. In Worldfavor, we use:

Industry = Section (broad category)
Sub-industry = Division (more specific activity within the industry)

Step 2: Identify your main business activity

Think about your core operation. What product or service is at the heart of your business? Your selection should reflect this.

Step 3: Use these examples as a guide

Company activity	Industry (Section)	Sub-industry (Division)
Importing wine	Wholesale and retail trade; repair of motor vehicles and motorcycles	Wholesale trade, except of motor vehicles and motorcycles
Manufacturing shoes	Manufacturing	Manufacture of leather and related products
Providing consultancy services	Professional, scientific and technical activities	Activities of head offices; management consultancy activities
Selling furniture	Wholesale and retail trade; repair of motor vehicles and motorcycles	Retail trade, except of motor vehicles and motorcycles
Veterinary services	Professional, scientific and technical activities	Veterinary activities
Manufacturing foods	Manufacturing	Manufacture of food products
Law firm	Professional, scientific and technical activities	Legal and accounting activities
Security firm	Administrative and support service activities	Security and investigation activities
Relocation/moving company	Transportation and storage	Land transport and transport via pipelines
IT software development	Information and communication	Computer programming, consultancy and related activities
Running a restaurant	Accommodation and food service activities	Food and beverage service activities
Publishing books	Information and communication	Publishing activities
Operating a gym	Arts, entertainment and recreation	Sports activities and amusement and recreation activities
Daycare center	Human health and social work activities	Social work activities without accommodation
Construction company	Construction	Construction of buildings
Cleaning services	Administrative and support service activities	Services to buildings and landscape activities
Online clothing store	Wholesale and retail trade; repair of motor vehicles and motorcycles	Retail trade, except of motor vehicles and motorcycles

If your activity is not listed, continue to the next step.

Step 4: If you're still unsure

Use the search bar when selecting an industry to look up keywords related to your activity.
Search the full NACE Rev. 2 list online for detailed descriptions of each category.
Ask Fin, our AI support bot, and describe what your company does, and Fin will suggest a fitting industry and sub-industry or contact our support team if needed.

Frequently asked questions

What if my business fits more than one category?

Pick the one that best describes your main activity. If you need help deciding, our support team can assist.

I can’t find my activity in the list. What should I do?

Try using the search function or reach out to support for advice.

Can I update this information later?

Yes. You can change your industry and sub-industry in your organization settings if your business activities change.