Governance and Operational Excellence: Driving Sustainable, Long-Term Value Creation
Our
Commitment
Anticorruption
And Transparency
Ensure transparent and respectful relations with government officials, suppliers and any other stakeholder, facilitating public and truthful information on our operations in a timely manner.
Ethics
Ensure an ethics culture that invites our staff to live our values daily with all the stakeholders we engage.
Corporate
Governance
Adopt best practices for board composition, independence and processes, and ensure that the example of governance at the board level trickles down to all levels of the company.
Human
Rights
Respect human rights amongst our relationships with staff and communities.
Our
Commitment
Our Commitment
Anticorruption and Transparency
Ensure transparent and respectful relations with government officials, suppliers and any other stakeholder, facilitating public and truthful information on our operations in a timely manner.
Ethics
Ensure an ethics culture that invites our staff to live our values daily with all the stakeholders we engage.
Corporate Governance
Adopt best practices for board composition, independence and processes, and ensure that the example of governance at the board level trickles down to all levels of the company.
Human Rights
Respect human rights amongst our relationships with staff and communities.
From Oversight to Execution
Our commitment to operational excellence is supported by our Integrated Management System (IMS) framework, which standardizes processes across all operations. The IMS underpins Polaris’ operational rigor by providing a unified framework that ensures process consistency, reliability, and best-practice execution at every site. Through systematic audits, targeted training, and ongoing risk reviews, Polaris strengthens operational resilience, ensures regulatory compliance, and enhances stakeholder trust.
Board Leadership and Oversight Structure
- Polaris’ Board of Directors is composed of six experienced leaders with expertise in operational excellence, finance, risk management, regulatory frameworks, and sector specific technical disciplines.
- The Board receives structured quarterly updates through its standing committees:
- The fully independent Audit Committee oversees risk management, accounting and financial reporting governance, internal controls, and audit processes and compliance.
- The fully independent HR & ESG Committee is responsible for board membership and governance, executive compensation and HR strategy, health, safety and well-being, social and environmental oversight, and cybersecurity and information governance.
Creating and Empowering an Ethical Culture
Integrity is central to the I-STAR values and represents the foundation for Polaris’ governance culture. Our ethical framework includes mandatory annual certifications, targeted training, and transparent communication channels that reinforce accountability and professional conduct at all levels.
24/7 Confidential Ethics Helpline
Enhanced Due Diligence for High Risk Third Parties
Zero Tolerance for Bribery, Fraud & Corruption
100% Annual Code of Conduct Signature
Zero Reported Corruption Cases (Past 3 Years)
100% Mandatory Ethics & Anti Corruption Training
Human Rights Commitment
Aligned with the UN Guiding Principles on Business & Human Rights, Polaris supports:
Fair labor practices
No forced or child labor
Safe working conditions
Meaningful community engagement
Non- discrimination
Respect for diversity and inclusion
Freedom of association
ROOTED IN POLICY & COMPLIANCE FRAMEWORK
Polaris maintains a comprehensive set of corporate policies that safeguard compliance, ethical conduct, responsible governance, and transparent disclosure. A confidential Ethics Helpline is available to all stakeholders for reporting concerns.
Code of Conduct
Anti-Bribery & Corruption
Gifts Policy
Human Rights Statement
Sustainability Statement
Privacy Policy
Workplace Harassment & Violence
Third-Party Due Diligence
Disclosure Policy
Whistleblower Policy
Insider Trading Policy
Investment Policy
Diversity Policy
Linked Risk Management: Protecting Long-Term Value
Polaris integrates considerations into its company risk management framework, ensuring safety, climate resilience, supply chain, and digital security are consistently addressed.
Board and HR & ESG Committee oversight; Code of Conduct; anti-bribery and corruption policies; mandatory ethics certifications; third-party due diligence; whistleblower mechanisms; internal audits and information governance. 100% Code of Conduct certification; annual ethics training completed; zero corruption cases reported to date.
Climate Risk Assessments completed for geothermal (Nicaragua) and hydro (Peru), asset-level monitoring and adaptation measures in place across all operations. Portfolio diversification and resilience measures implemented (IMS, protocols, infrastructure, monitoring).
Stakeholder Engagement Plans (SEPs); community consultation processes; grievance mechanisms; social investment programs aligned with local priorities; continuous dialogue with local authorities and community leaders. Ongoing community initiatives implemented during the reporting period; 40%6 of operational workforce hired locally; no material community-related operational disruptions reported.
Risk-based due diligence, Supply Chain Mapping, supplier codes of conduct, ethical recruitment standards, employee training, grievance channels, corrective action processes and annual reporting. No identified instances of forced or child labour in our supply chain to date.
Hazard prevention, behavior-based safety, performance tracking via IMS. Zero fatalities; zero serious accidents.
Workforce planning; leadership development; skills and technical training; performance management; engagement initiatives; retention monitoring; succession planning for key roles. Over 90% employee retention rate; stable workforce across all jurisdictions.
NIST7- aligned governance, penetration testing, digital resilience, external audits, phishing simulations, AI-use guidance. Zero security breaches reported in the past 3 years.
