Google already did this.

However, the onus to mitigate problems created by one company shouldn’t be their on competitors.

Apple launched AirTags alone, leveraging its massive Find My network, in order to have an immense advantage in the market, and this helped Apple rake in millions and millions of dollars.

It could have coordinated with Google even before the AirTag launch, but this would have probably resulted in missing out on millions in profits. So Apple chose profits over mitigating ethical and moral concerns, and only fixed problems a long time after it started selling the product to customers.