Sustainable Bond Framework
ROC's broader sustainability policies
Cyprus has taken a variety of steps and initiatives to lay the foundation for green and social progress within its
national laws and regulations:
Bolstering ROC's sustainability agenda through policy
Climate
Change/Transition:
'SAVE' subsidy scheme
'Polluter pays' laws
Amendments to
Motor/Traffic Laws
Environmental
Information Regulations
Renewable Energy
Directive & Energy
Efficiency National Fund
River Basin
Management Plan and
Water Policy
Flood Risk Management
Plan
Nearly Zero Energy
Buildings Action Plan
Water Scarcity and
Drought:
Sustainable Water
Resources Management
Strategy
• Water infrastructure,
desalination and
recycling projects
• System upgrades:
installation of new
metering, improved
irrigation networks and
piping
●Investment in
wastewater treatment
and upgraded flood
channels
In line with EU water
directives
Wildlife Conservation:
⚫ 'Natura 2000' European
Ecological Network
63 marine and terrestrial
Sites of Community
Importance ('SCIs')
Species & habitat types
included in Annexes of
the EU Habitats
Directive
1996 Convention on
Biological Diversity
(Regulatory) Act
2012 Forestry Law,
Forest Advisory Board &
National Forestry Policy
Promoting Social
Welfare:
Guaranteed Minimum
Income and Social
Benefits Law maintains
social welfare for
citizens struggling to
meet their basic needs
in the event of a
downturn
The GMI scheme is
aligned with other
European minimum
income schemes
Social benefits to
persons with disabilities
help cover their social
needs and assist in
further improving the
quality of their everyday
life.
Strategic Focus on
Agriculture:
Under the EU Common
Agricultural Policy (CAP)
2021-27, specific
subsidies are included
to support entry into the
farming profession for
those under 40
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