I'm not a Christian, but while I was that is how I interpreted it. I was taught we were supposed to be good stewards of creation. I personally never saw a problem with things like slaughtering animals, but thought the conditions of most farms weren't acceptable. I never had to think about it enough to really draw a line about what ways to treat animals was okay and what wasn't, but things like stuffing as many animals as possible I to as little space as possible getting them as far as possible as quick as possible just felt like too much. I also believed things like rampant deforestation were wrong for the same reason. God didn't give us a free pass to treat the environment how we see fit.

"Dominion" is already an interpretation. The word didn't exist back in the day and the translator had to choose it to interpret the original text.