Page 17 - Towards A Sustainable Future, Phase 2 2024

Associated Carbon Emission And Cost Savings

Data realting to the operation of the cash-bag machines is shown in Table 1.

Table 1: Data obtained from machine manufacturers and machine operators.

The number of receipts generated by the 29 deposit Conclusion
machines daily is estimated to be 4300. Each receipt weighs
about 0.5g. Therefore, each day, 2.15kg of receipts are The technical aspect of the project has been completed
generated. According to Green America’s calculation, every and submitted to Avalanche Mechtronics. Currently, the
kilogram of receipt generated emits 18 kilograms of carbon. company is reviewing the codes and negotiating with the
Therefore, for every 10% of customers who choose not to bank to deploy the newly developed software in one of the
print their receipts, we can save approximately 3.9 kilograms newly opened branches.
of associated CO2 emissions per day, or 1,014Kg/y assuming
a machine use of 260 days per year. The stringent security constraints within financial institutions
mean that the source codes must be submitted to the
Each paper roll can accommodate printing for 450 receipts. bank’s IT department for review after approval from the
With 29 machines in operation, for every 10% of customers bank management. Additionally, user acceptance testing
who opt not to print a receipt, the bank can save one paper must be conducted before launching the first machine.
roll per day, amounting to $2.80. Based on our observations These steps are essential to ensure compliance and smooth
of users either leaving receipts dangling or disposing of them implementation within the bank’s operational framework.
in the bin after collection, we project that approximately 10% However, if deemed acceptable, then the project has
of customers will opt for the ‘no print’ function. Considering demonstrated that significant savings are possible in terms
the machines operate from Monday to Friday, our solution of paper consumption and associated carbon emissions.
is expected to save $2.80 x 260 days, resulting in an annual
saving of $728.

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