Yes, but expecting corporations to do it on their own is silly. They operate in a competitive environment so game theory should tell us what’s going to usually happen. The laws and regulations exist, and a lot more are needed, but it’s also not as simple because costs of enforcement also range from inexpensive to infeasible. In the end, it’s people making self-interested decisions, whether on behalf of themselves or on behalf of corporations. I don’t know of any easy solutions - my feeling is that those don’t exist - so the best bet is to steer society towards better and more effective politics. More distributed and less concentrated power structures, checks and balances, enforcement, novel, effective, and efficient systems through science based analysis, as well as lots of trials and errors and fast iterative improvements based on rapid feedback loops. In short, the world nowadays moves faster than the current government systems and it’s a losing battle until governing adaptability can increase in speed.
That’s way off topic, though.