Custom Scorecard is a filtered view of a scorecard and it can be used to monitor any specific asset of any scorecard. That aspect could be specific assets, location or issues you're trying to monitor for your teams, business units or even products or services.
Custom scorecard inherits Industry name of main parent scorecard. Now you can edit or change, Industry name of the custom scorecards and the new industry name will reflect in the Custom Scorecard Summary Report.