The Initiative is doomed to fail not because there's something wrong with it but because the laws for vidya are being gatekeeped by the corporations.
Just look at EU board:
https://www.videogameseurope.eu/about/our-board/
>EA
>Ubisoft
>Activision
>Take Two
>Square Enix
>Epic Games
>Embracer
>Nintendo
This shit is more corrupt than your local goverment. So essentially it will end up with "we investigated ourselves and didn't find any issues".