‘Going green’ not only COOLS the globe but also your pocket

Author: S. Arun Kumar, Assistant Professor, SMOT School of Business, Chennai

Global warming has become a serious threat to all the nations across the globe. Both developing and the developed nations have taken stern environment-friendly measures benefiting the people and the planet. Companies started focusing on the 3BL, (people, planet, profit) which is referred as triple bottom line.  Here are some of the suggestions, save money by going green.

Save your fuel costs on cars: 

Though diesel vehicle may seem to be cost effective, however on long term basis petrol, CNG and LPG cars incur less maintenance costs. 

Avoid giving rapid acceleration and sudden breaks : saves 10%

Switch of the engine when it needs to be idle for more than 1minute : saves 10%

Drive the vehicle between 65-70 Kmph : saves 10% 

In highways drive the vehicle between 100-110 Kmph : Increases 2 Kmpl

Press clutch pedal only when needed

Check air filter, oil filter, engine oil and tyre pressures regularly

Make your home green

A survey says that eco friendly homes save up to Rs.1,000 per month on an average. The money saved if invested can earn 15% per year which amounts to Rs.27.24 lac in 25 years

Using solar panels can cost 50k to 3 lac, but it can cut down your costs by Rs.12,000 – 15,000 on your electricity bills per annum

Using CFL can make you save Rs.30 for every 100 lighting hours

Use star rated products for electrical appliances

Implement rain water harvesting

Using cycle to nearby places

Home Gardening

Cultivate organic farming in the limited space available

Start your own kitchen garden 

Plant saplings on good occasions (birthday, wedding anniversary)

Usage of technology

Use online transactions to pay your bills

Avoid the usage of paper to the maximum extent

Use the apps in your mobile effectively 

Reduce, Recycle, Re-use the office waste

Avoid using plastics

Carry jute bags from your home for purchasing your daily grocery

Educate your friends, family and relatives to reduce plastic usage

Strictly avoid dumping of plastics and e-wastes on empty lands