Big investors backed shareholder campaigns on climate, human rights

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It had already been a challenging year for BHP by the time its new chairman, Ken MacKenzie, took to the stage at the company’s AGM last November.

The complex repercussions of the deadly Samarco mine disaster in Brazil two years before rolled on and combative hedge fund Elliott had spent much of the year using its toe-hold shareholding to push for a radical shake-up.

Enve 2bAgainst that backdrop a resolution lobbed by a tiny group of retail shareholders coordinated by a Canberra NGO, questioning BHP’s membership of groups like the Minerals Council of Australia (MCA) and…

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