It’s essentially another way to treat minorities more fairly
On paper.
In practice, it's more bureaucratic wall papering and cya, intended to obscure industry practices that continue to almost exclusively promote through nepotism and political graft.
Access to government contracts and Senate seats and Ivy League fraternities and Wall Street bank management positions continues to be a White Boys Only club.
Diversity, Equity, and Inclusion. Conservatives have been going hard after diversity programs. They've been banned in state educational institutions in Texas.
I ended up adding a whole section in my course syllabus that's basically a middle finger to the new rules and makes is clear that intolerance is not welcome in my class.