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Everyone agrees that the government should take steps to prevent the badness, but the wording you use suggests that the companies aren’t responsible for their own actions, and that’s just not true. Every person, every company, they have a moral obligation not to be mass murderers, regardless of what the law allows for.
You’re not wrong, but also history has shown companies will largely do whatever they’re legally allowed to do (and usually many things that are illegal). Heck tons of companies still use child labor, they just look for places where it’s legal.
My point was that you can’t expect companies to act better, society needs to force them to. Moral obligations will typically only win out when they’re written into laws or contracts.