RENEW Districts embody the key principles of resilience, equity, neutrality, environment and well-being, an overarching framework for future-proofing the districts, including its buildings, infrastructure and – importantly – its communities. One of the models being piloted under this framework is the Net Zero Neighbourhood (NZN) model, which uses a place-based funding and delivery approach at the neighbourhood scale to improve residential energy efficiency and promote community regeneration. Supported by blended finance, it facilitates extensive home renovations and broader community interventions – such as enhancing mobility, greening spaces and upgrading public buildings – to achieve local and national decarbonization goals. The building sector accounts for 20-40% of global carbon emissions. The scattered ownership of residen - tial properties makes it particularly challenging to reduce carbon emissions from homes across different regions. The RENEW District framework tackles this emis - sions challenge (through the neutrality principle) while considering broader climate resilience and ensuring key social considerations remain front and centre (equity, environment and well-being). The Net Zero Neighbour - hood (NZN)1 model is one such solution being piloted under this framework (Figure 1). Single neighbourhoodNet Zero Neighbourhood implementation vehicleSavings and income Co-benefit value££INTERVENTIONS FULLY FUNDED BY VEHICLE IN NEIGHBOURHOOD Energy efficiency Smart mobilityNet-zero heat Green infrastructureRenewable generation CircularityCommunity infrastructureBuilding investments Regeneration / community investments Part of savings captured in property linked contract Annuity income stream for funding vehicleFIGURE 1 Multi-intervention, place-based funding and deliveryGEOLOCATION United Kingdom TIMEFRAME 2021 to present PRESENTED BY Bankers Without BoundariesHIGHLIGHTS FROM THE DAVOS BAUKULTUR QUALITY SYSTEM Definitions GOVERNANCE DIVERSITY CONTEXT SENSE OF PLACE BEAUTYFUNCTIONALITY ENVIRONMENT ECONOMY Source: BwB INNOVATIVE PRACTICE: RENEW Districts 2

PR199 Innovative Practice RENEW 2024