Firms are challenged in collecting, analyzing, applying, and reporting on ESG due to the demands that ESG is a way to curbing the penalties and risks through competitive advantage, innovation, and business value. Additionally, D&B says that, "while many ESG regulations have yet to be solidified, companies are under pressure to articulate their ESG policies and meet the associated goals while at the same time finding themselves racing to identify operational and financial risks."
Discovering how ESG plays a significant role to firms, such as attractive financial opportunities and product and services innovation, it would drive stakeholders to prioritize ESG rather than it being an option. It becomes an investment and a priority to grow one's ESG strategy to leverage the firm or organization. Check out the original article to analyze the full report and learning the benefits of investing on ESG's strategy.
Link to press release of D&B:
https://www.dnb.com/perspectives/finance-credit-risk/ESG-rating-maturity-survey.html