UPS, Dell, Others Call on SEC to Retool Climate Accounting Plan

Audit firms and companies including United Parcel Service Inc. and BNP Paribas SA urged the SEC to revamp onerous climate accounting requirements as the regulator considers a major expansion of corporate reporting.

The Securities and Exchange Commission’s March climate proposal calls on companies to detail how floods, droughts, and the transition away from carbon-based energy could impact their financial performance. Among the requirements, companies must break out costs that total 1% or more of any line item affected by climate—from revenue to inventory to debt.

UPS called the accounting disclosure threshold “overly burdensome,” adding it would be “inconsistent with ...