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It looked like the ‘Equity’ grading would be closer to what some colleges do, i.e., only test count, not homework or in class effort:

“ Under the equity program, students’ final grades would rely on summative assessments, not “classwork and homework,” according to district officials. “

Some criticism against: “San Francisco has come up with a brilliant solution for its failing schools,” California State Representative Kevin Kiley said. “Students simply won’t be failed. Under the new ‘Grading for Equity’ plan, Fs are now Cs; Bs are now As; homework and tests are ungraded; truancy is unpunished; and finals can be re-taken again and again.”