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Discover LudwigThe phrase "are exploiting" is correct and usable in written English.
It can be used to describe an ongoing action where someone is taking advantage of a situation or resource.
Example: "The company is exploiting the loopholes in the law to maximize their profits."
Alternatives: "are taking advantage of" or "are utilizing".
Dictionary
are exploiting
verb
To use for one's own advantage.
Exact(60)
They are exploiting people".
You are exploiting the slum dweller".
"They are exploiting legal ambiguities.
The activists are exploiting people for their own agenda".
"Tourists are the reason fishermen are exploiting the sea".
"Criminal landlords are exploiting this and endangering tenants' lives.
Agents working for pirate chiefs are exploiting the situation.
They fiercely reject claims that they are exploiting online workers.
"But it's a little bit disingenuous to say that the Republicans are exploiting New York.
Worse, the private equity firms are exploiting the desperation of banks and regulators.
Officers said the crime gangs are exploiting "human misery for financial gain".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com