It doesn't address the issue. It's just ducking your head down to not participate one way or the other. It's fine for keeping your head down, it doesn't address workplace culture.
I have a coworker who does almost no work, but is on four different organizational diversity committees so is basically bulletproof. They've caused major rifts in the team. My only solution is to find a new job, which is what I'm working on now.
When your workplace empowers those sorts of behaviours in the name of progressive benevolence, just ducking your head down only works for so long.
If you think about it, this kind of culture actually hurts minorities because an employer will think twice about hiring them in the first place.
Why hire a black, hispanic, or LGBT person, if you have no ability to fire them without being labeled, canceled, or sued. Safer to just hire the white straight guy.
I mean, I think it’s stupid, the corporation’s purpose is to deliver product to customers. But I think you’d be in a lot of hot water if you actually suggested cancelling a race workshop for a live site.