CCRcorp Sites  

The CCRcorp Network unlocks access to a world of insights, research, guides and information in a range of specialty areas.

Our Sites


A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.


An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.


The “one stop” resource for information about responsible executive compensation practices & disclosure.

Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.


Keeping you in-the-know on environmental, social and governance developments

ESG isn’t just about “doing the right thing” – it’s about building a business that operates sustainably.  ESG programs help companies manage a variety of ESG risks improving resiliency in the long term. A recent analysis from investment research firm Morningstar finds evidence to back this perspective. Morningstar looked at historical economic crises and tested the performance of ESG portfolios against their peers in the face of economic headwinds. They discuss the results stating:

“Sustainalytics used Morningstar Direct’s scenario analysis tool to run a series of stress tests on ESG-constructed portfolios during three past crises: the 2007-09 subprime crisis, the 2010 Greek crisis, and the 2011 US debt ceiling crisis. In all regions and for all three scenarios, the lower ESG risk portfolios had better return performance. This is likely because the factors common to the lower ESG risk portfolios regarding volatility, financial health, valuation uncertainty, and economic moat generate downside protection under these more negative economic scenarios—suggesting that low ESG risk portfolios have a better ability to withstand financial crises.”

While we caution against trying to tie ESG to stock price, this analysis offers interesting findings. ESG might not reduce the cost of capital or lead to ESG alpha, but it does make sense that ESG risks – particularly governance-related risks – manifest in times of economic crises. Firms with less exposure to these risks – or that are better prepared to manage them – fare better in the long term. Morningstar’s findings do not extend to every sector or region, and studies like these should always be taken with a grain of salt and it is fair to question whether the ESG ratings are fit-for-purpose to begin with. However, the results are encouraging nonetheless and reflect benefits of ESG in building resilient businesses.

Our members can learn more about ESG business value here.

If you aren’t already subscribed to our complimentary ESG blog, sign up for daily updates here for daily updates delivered right to you.

Back to all blogs

The Editor

Zachary Barlow is a licensed attorney. He earned his JD from the University of Mississippi and has a bachelor’s in Public Policy Leadership. He practiced law at a mid-size firm and handled a wide variety of cases. During this time he assisted in overseeing compliance of a public entity and litigated contract disputes, gaining experience both in and outside of the courtroom. Zachary currently assists the editorial team by providing research and creating content on a spectrum of ESG… View Profile