Nike faces shareholder pushback over ties to LGBTQ groups amid transgender sports debate

Sophia Lorey, a former college soccer player and California Family Council outreach director, is leading a shareholder proposal urging Nike to scrutinize its charitable partnerships, especially its support for the Human Rights Campaign. The proposal, backed by Christian investment firm Inspire Investing, argues that Nike's support for LGBTQ advocacy conflicts with its marketing of women's sports and raises risks related to brand politicization amid an ongoing EEOC investigation into race discrimination at Nike. Nike urges shareholders to reject the measure, citing existing due diligence on partnerships. This move is part of a broader investor campaign questioning corporate policies on transgender issues, seeking transparency on health insurance coverage for gender-related surgeries for minors.