I wouldn't say it has nothing to do with it. It's not part of the explicit language of the Code of Conduct, but the first few paragraphs of https://www.contributor-covenant.org talk about the same concepts.

I think these attempts at redefining meritocracy are concerning, and I don't blame anyone for questioning the Contributor Covenant as a result, even if the Code of Conduct itself is reasonable and pretty much common sense.