BP, Verizon Cite Disparities in Federal Climate Reporting Plans

BP, Verizon and other companies are urging the Biden administration to be more flexible with climate disclosures planned for government contractors, letting them align with reporting that the SEC has proposed for public companies.

The Securities and Exchange Commission, General Services Administration and other agencies are finalizing two rules that would require companies to report their greenhouse gas emissions and make other disclosures about climate change. BP America Inc., Verizon Communications Inc. and other public companies that are government contractors would have to follow both sets of regulations.

But the plan from the GSA and other agencies lacks an ...