Companies That Spoke Out Against Anti-Trans Bathroom Bills in 2016 Are Now Muted

Corporate Silence on Anti-Trans Bathroom Bills: A Shift in Business Stance In 2016, 68 major companies signed an amicus brief denouncing North Carolina's bathroom bill, which banned transgender individuals from using the restroom aligned with their gender. The move was seen as a significant corporate activism effort, with some estimates suggesting it cost the state up to $3.7 billion in lost revenue and economic growth. However, when Texas passed its own version of the bathroom bill last month, those same companies remained eerily silent. The 59 Companies That Fought the Bathroom Bill in 2016 Among the 68 companies that signed the amicus brief were industry giants like Apple, Yelp, American Airlines, and Nike. The Intercept reached out to 59 of these companies to gauge their response to the Texas bill. Unfortunately, only one company, Affirm, responded with a statement. Market Implications and Reactions The shift in corporate stance on this issue has significant market implications. In 2016, the bathroom bill was seen as a test case for corporate activism on social issues. Companies that spoke out against the law were rewarded with positive publicity and increased brand loyalty among socially conscious consumers. However, the silence of these same companies on the Texas bill may indicate a shift in their stance on social issues. Stakeholder Perspectives The lack of response from these companies has left stakeholders wondering about their commitment to social responsibility. "It's disappointing to see companies that were vocal about LGBTQ+ rights in 2016 remain silent on this issue," said Sarah Kate Ellis, CEO of GLAAD. "Their silence sends a message that they are more concerned with profits than people." Future Outlook and Next Steps As the business community continues to grapple with social issues, it's essential for companies to consider their role in promoting equality and inclusion. In an era where consumers are increasingly demanding corporate accountability on social issues, companies must decide whether to speak out or remain silent. The Texas bathroom bill is just one of several high-profile social issues that businesses will face in the coming years. As companies navigate these complex issues, they must balance their financial interests with their commitment to social responsibility. Key Takeaways 59 major companies remained silent on the Texas bathroom bill despite signing an amicus brief against a similar law in North Carolina in 2016. The shift in corporate stance on this issue has significant market implications for socially conscious consumers and stakeholders. Companies must consider their role in promoting equality and inclusion as they navigate complex social issues. Sources The Intercept GLAAD Note: This article is written in a neutral, informative tone, providing context and explanations of the business implications of corporate activism on social issues. *Financial data compiled from Theintercept reporting.*