The goal of something like this is to center race to gain power.
The first step in the playbook for entrenching a woke ideology into a bureaucracy is to demand racial data/reporting. "hey look, this is an obvious problem... just look at the data". The next step is to demand a full diversity initiative. Next is hiring diversity inclusion and equity bureaucrats be installed. Once you have your own bureaucrats installed "inclusion" is used to promote fear and stifle speech or any descent. Now that no one can disagree or challenge the bureaucracy you can grow it and force it into the other bureaucratic functions.
As an journalism specific example: this is exactly what played out at The New York Times
This seems to be a very effective political strategy to gain power. It does seem to work. The question is how much does our society benefit?