Verite Capital Partners, a Stamford-based advisory and investment firm, has announced the appointment of Sumit Majumdar as Vice Chairman, Chief Sustainability Officer, and Operating Partner. The appointment, announced by Chairman and Managing Partner Don Jones, represents a significant expansion of the firm's institutional commitment to global environmental sustainability, large-scale industrial job creation, and economic development for underserved populations.
Don Jones, who brings nearly 50 years of executive leadership experience from roles at Macy's, IKEA, GAP, and Target, founded Verite in 2009. He has focused on scaling capital access and corporate education for diverse entrepreneurs. Jones serves as Chairman of the Board of Trustees at Felician University, where he received the 2024 Martin Luther King, Jr. Legacy Award, and sits on the boards of Nuvance Health and Northwell Health. He also chairs the Verite Foundation.
Majumdar's integration into Verite's leadership is built on a nearly two-year professional relationship with Jones, who has served as his executive mentor. Jones highlighted Majumdar's strategic value, stating, 'Sumit brings vision and direction to Verite in terms of economically viable green initiatives for employment, energy, and agriculture which results in the empowerment of the communities Verite serves.'
Following a 20-year tenure as President of Buffalo Biodiesel Inc., Majumdar embraces his new roles to have a larger environmental impact globally. Verite's strategic and financial commitment to Buffalo Biodiesel will increase both domestically and internationally. 'Don and I share an identical, uncompromising objective regarding the advancement of humanity,' Majumdar explained. 'Our collaborative mission is to achieve large-scale environmental remediation and structurally protect underserved and marginalized communities.'
Verite's institutional foundation backs this global strategy. Managing $7 billion in current obligations and over $20 billion in committed investments, the firm is positioned to deploy capital at a scale maximizing long-term global impact. In his capacity as Vice Chairman and Chief Sustainability Officer, Majumdar will oversee an international initiative to establish more than one million green jobs globally while reducing worldwide carbon emissions by one percent, scaling subsequent operations systematically within that same ratio. 'The metric-driven target is to build an infrastructure capable of mobilizing 100 million individuals to secure environmental viability for subsequent generations,' Majumdar added.
Majumdar brings expertise in industrial scaling, circular economy frameworks, and advanced material science. Having grown Buffalo Biodiesel into a major multi-state enterprise serving over 30,000 locations, he prevented significant greenhouse gas emissions through localized waste-to-energy systems. He is the architect behind 'Project Green Logic'—a carbon-negative industrial hub and advanced materials research center—and has engineered international waste-to-energy frameworks across Ghana, Nigeria, and Mexico. He remains a key proponent of utilizing the GWP20 accounting standard to ensure rigorous regulatory and climate impact accuracy.
Together, Jones and Majumdar are positioning Verite at the forefront of the global green transition, demonstrating that high-level corporate finance can be systematically leveraged to achieve environmental stability and equitable global opportunity. For more information, visit Verite Capital Partners.
