The policy contract is an address guarded by a simple Gnosis safe implementation. The policy address manages adjustments of the monetary policy of the KlimaDAO protocol. This includes BCV and reward rate adjustments.
Access to the policy address is controlled by a 3 of 5 multi-sig held by members of the Core Team. Changes made via the policy address are either voted on by the token holders specifically as a KIP, or implemented under a specific power delegated to the Policy Team via a KIP.