For all of Austin Powers being a horn dog; he does understand the concept of consent.

In the first movie where the love interest gets drunk and tried to sleep with Austin. Austin tells her no, it wouldn’t be cool.

Also Austin was totally fine with interracial dating.

Austin understanding consent was his character development in the first film. At the beginning of the film he did not; he was shown to be rambunctiously jumping on his partner despite her giving clear negative signals. He learns consent throughout the course of the film.

Thus, a good modernization would be for him to discover the importance of trans rights and respecting genders that do not align with those assigned at birth, over time. He would need to be misguided in the beginning and make some mistakes.

But we all agree it will end with shagging, right?