It's an intriguing topic I know. According to the National Association of Colleges and Employers website, the term "equity" refers to fairness and justice and is distinguished from "equality": Whereas equality means providing the same to all, equity means recognizing that we do not all start from the same place and must
acknowledge and make adjustments to imbalances. The process is ongoing, requiring us to identify and overcome intentional and unintentional barriers arising from bias or systemic structures. (NACEweb.org)