I've been in the corporate DEI training courses. I've read the CRT papers and books that are the influences of the DEI types. They all define equity as EQUAL OUTCOMES not equal opportunity. And they all say that the ONLY reason why we don't get equal outcomes now is because of structural -isms.
There is NO concept of individual merit in the source materials that lead to DEI ideas because DEI/CRT are offshoots of 'critical theories' which are related to our favorite communism/Marxist ideologies. This is not hyperbole.
(Mark Cuban is absolutely wrong the way he describes DEI vs what the proponents are really demanding in case that's where you got your idea about DEI from.)
But at the same time, it's true that most companies use DEI for marketing and conveniently ignore the equity part because it would lay bare their hypocrisy when their CEO gets paid $50 million a year.