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A Fortune 500
Take on Prop. 8

A Fortune 500
Take on Prop. 8

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The old saying goes that every cloud has a silver lining. And on November 5, the day after California voters stripped same-sex couples of the right to marry, so many around the country were searching for one. Although thousands of individuals, organizations, and businesses donated to the Yes on 8 campaign, not one Fortune 500 company is among those names. But on the opposite side, the side of fairness and basic rights, you'll find some of the nation's most successful and powerful corporate players.

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The old saying goes that every cloud has a silver lining. And on November 5, the day after California voters stripped same-sex couples of the right to marry, so many around the country were searching for one.

It is easy to get bogged down with all the negative news about California's Proposition 8 -- the continuing bias against loving, committed gay and lesbian couples among communities of faith, who with breathtaking efficiency raised millions of dollars to enshrine discrimination into the Golden State's constitution; the now-discredited claims that people of color were the reason for the ban's passage; and the lasting ramifications of those premature, divisive, and ultimately false assertions.

But when we brush aside that downbeat data, a strong ally to LGBT equality is there, and indeed, was there all through this fight and many others: corporate America. Although thousands of individuals, organizations, and businesses donated to the Yes on 8 campaign, not one Fortune 500 company is among those names. But on the opposite side, the side of fairness and basic rights, you'll find some of the nation's most successful and powerful corporate players. The popular vote was lost, but the steadfast backing of one important segment -- the nation's largest employers -- remains.

As the author of the Human Rights Campaign Foundation's Corporate Equality Index and director of the Workplace Project, I have seen firsthand the business world's expanding awareness of the unique issues facing LGBT people. I have witnessed the embrace of policies that accommodate our community's needs. And now, I have seen corporate giants like PG&E, Apple, and Levi Strauss & Co. step into the fray around same-sex marriage in California to stand up for equal rights.

Business weighed in on this issue to an unprecedented degree. Why would these companies jump into what at first glance is an electrified cultural debate? After all, it's rare to see corporations with bottom lines at stake take an active role in such volatile political hotbeds.

The answer is one that businesses have known for decades: that LGBT equality is good for the bottom line. This is evident in edition after edition of the Corporate Equality Index. Every year, more and more businesses achieve a 100% rating based on their treatment of LGBT employees, consumers, and investors. This year, 260 businesses scored 100%. Just seven years ago, when the report was first issued, only 13 received the top rating.

Why would these companies stick their necks out for LGBT equality? Because diversity and inclusion are important aspects of the nation's most profitable businesses' core values. These values are critical to unleashing the power of people in order to create value for customers, employees, and shareholders. Inclusive workplace policies allow companies to attract and retain the most talented workforce possible, and the outreach they've done on behalf of equality throughout the years has shown that they support not only the lives of LGBT employees but also the LGBT community as a valuable and respected segment of our country.

With tools like the HRC Foundation's Buying for Equality guide, LGBT consumers have flexed their purchasing power to reward companies that support our values and penalize companies that have failed to recognize our value and contribution to America. The development and use of these tools is even more vital in the aftermath of a devastating setback like Prop. 8. Instruments like the Buying for Equality guide help LGBT people and allies spread the message about companies that have earned our business and empower us to take a stand against those that have not.

The debate over Prop. 8 once again cemented the business world as a true ally for LGBT equality. American corporations have gone beyond the four walls of their headquarters, factories, and retail stores and made a firm commitment to equal treatment of LGBT people. The nation's largest and most successful businesses are not just fostering inclusive and safe work environments-- they're taking the fight for full equality to the streets and the halls of government. Though it may still be a struggle to capture 51% of the popular vote, same-sex marriage and other manifestations of equal rights have already won the vote of corporate board members and CEOs.

That is a significant accomplishment for LGBT people in the wake of a heartbreaking defeat. Moving forward, it is crucial that we build on these positive developments and further strengthen our relationships so that when the next Prop. 8 rears its ugly head, we can continue to leverage our alliance in the fight against discrimination.

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Daryl Herschaft