I tend to bring this up in terms of hiring initiatives as well... if there are X% of people are of $identity Z in terms of the field in practice (let's say 20% female in software engineering). And a large company tries to hit 50% in hiring, they're actually reducing diversity across the industry.

What they should be doing is scholarship and mentoring programs to increase the base if that is their real goal. But that takes actual effort and costs real money.