Our Practice
Governance and Operational Excellence: Driving Sustainable, Long-Term Value Creation
Polaris operates under a governance model that translates ethics, compliance, and sustainability principles into measurable performance and company-wide accountability. Oversight mechanisms ensure that environmental, social, safety, and governance risks are identified, managed, and transparently reported, enabling sustained value creation for shareholders.
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.
Governance and Operational Excellence: Driving Sustainable, Long- Term Value Creation
Polaris operates under a governance model that translates ethics, compliance, and sustainability principles into measurable performance and company-wide accountability. Oversight mechanisms ensure that environmental, social, safety, and governance risks are identified, managed, and transparently reported, enabling sustained value creation for shareholders.
Board Leadership and Oversight StructureUse
We value integrity, transparency,
respect for human rights, and
compliance with the law, we thus
encourage our partners to support these principles.
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.
ESG-Linked Risk Management: Protecting Long-Term Value
Polaris integrates ESG considerations into its company risk management framework, ensuring safety, climate resilience, supply chain, and digital security are consistently addressed.
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).
Hazard prevention, behavior-based safety, performance tracking via IMS. Zero fatalities.
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.
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).
