I'm fairly certain you're wrong. Equity means getting an equal outcome, aka communism, and it's why D.I.E. initiatives use equity for the 'e' instead of equality.

It's a distortion of language because the equity cult assumes that any disparity of outcome must be due to biases: personal, systemic, or even a combination of the two. If blacks statistically perform worse in academia it's because the schools are racist, not because their community is rife with single-mothers as a result of bad choices (single vs. dual parent homes being possibly the single biggest factor in how well a person will do in life). Therefore to achieve equity we need to mandate racial quotas for college, looking only at adjusting the outcome and not at the cause.

Harrison Bergeron is a short story that encapsulates this idea very well, and it's over 60 years old at this point. Vonnegut calls what the Handicappers pursue in that story 'equality' only because I think he didn't forsee the attempted ruse the equity cult would use by twisting language as they have. I could expound at length, but I fear I've already rambled too long. Hopefully that made sense, and I am doubly hopeful that I didn't misconstrue your original point and basically preach to the choir here.