> Competing specifically for underrepresented group members with a metrics-driven goal to boost ratios at one specific company above the relevant benchmark? Not obviously good to me.

This depends on other factors. For example, are there high numbers of qualified underrepresented candidates that often get no job offers and are left to leave the industry? If so, this can help absorb those qualified candidates.

But if it is just simply shuffling the deck then I agree with your take.