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I think that's the intention, and it's laudible, but in my experience it's become something of a racket. An industry of consultants exist to receive money from corporations to launder their images. I think some of their recommendations are good, but ultimately it seems tokenizing and designed to brag about the fact that a board room full of ruthless Harvard grads isn't all white men.
It seems highly performative. I haven't seen credible evidence, for instance, that having more queer people on the board of a fossil fuel company changes their behavior or the long-term consequences for the poor families forced to live next to the company's pollution.
I don't mind these programs. I just don't think they're a money maker and branding exercise rather than a genuine tool of change.
Now, socially responsible investing: that's a conservative bogeyman that I think has some teeth.
I think you're confusing diversity hiring practices with DEI programs. DEI can be a great tool to help employees/students from feeling isolated. I also suggest you stop watching so much cable news; I don't think DEI is as big a deal as the media makes it out to be.
That's possible (except the cable news thing, I don't watch that).
My experience with DEI is primarily in the form of PR. I'm skeptical that DEI initiatives change hiring practices. I think it primarily takes the form of reporting, such as listing how many upper level managers are non-white. Which I think is totally harmless. Like you said, I don't think it's a big deal at all. But I'm skeptical it achieves much. I think it's based on unexamined assumptions. Does increasing diversity in leadership meaningfully improve the experience for workers? And is that even the goal, or is increased diversity within board rooms itself the goal? Because if so, that's kind of shitty goal for anyone who isn't aspiring to join the 1%.
Mind you, I'm open to having my mind changed if there's evidence otherwise. But I think some of the examples of benefits of DEI programs I hear don't sound like new initiatives. Assessing the racial makeup of a an applicant pool, for instance, isn't a DEI program, as far as I'm aware. I believe that's an affirmative action program that has been around for decades. Which is good, but I don't think that's DEI.
I think this might be a semantic issue. Maybe the stuff I like actually counts as DEI and I just didn't realize it.