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The phrase "an extra layer of equity" is correct and usable in written English.
It can be used in discussions about finance, social justice, or any context where additional fairness or value is being added to a situation.
Example: "Implementing these policies will provide an extra layer of equity for underrepresented communities."
Alternatives: "an additional level of fairness" or "a supplementary measure of equity."
Exact(1)
The 24 billion euros needed to shore up the four Irish banks includes 10.5 billion euros for Allied Irish Bank, 3.7 billion for the Bank of Ireland, 4.5 billion for two smaller institutions and an additional 5.3 billion to serve as an extra layer of equity.
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He had an extra layer of compassion".
Add an extra layer of inbox security.
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For political gossips, an extra layer of intrigue.
Having an extra layer of bureaucracy may not help.
Bynum and Ariza provide an extra layer of it.
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But the data component adds an extra layer of complexity.
"This creates an extra layer of complexity," Mr. Guillet said.
Those presentations are an extra layer of protection.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com