Depends on the investors but allegedly it is widely spread. And if you want lucrative government contracts, you have to implement it. I think it is overwhelmingly driven by government. Didn't find enough racism so they needed to create it.
Are you actually unaware of the Environmental and Social Governance (ESG) programs?
Many institutional investors - the largest ones - have announced their funding is dependent on ESG scores. I'm fascinated that people on this site can be unaware of this.