Survey: Energy execs believe sustainability is critical, but companies not embracing concept

Many energy executives say sustainability is critical to the success of their operations, but far fewer believe that their companies have embraced the concept, a new survey shows.

Sustainability is an evolving business ethic in which companies set and achieve objectives based on financial, environmental and social performance.

It is often linked with environmental issues but can include ethics, work force diversity and other nonfinancial measures.

More than two-thirds of 81 energy industry executives surveyed by KPMG LLP said they regarded sustainability as an important element of their businesses, but only about one-half said their organizations …