Verite Capital Partners has appointed Sumit Majumdar as Vice Chairman, Chief Sustainability Officer, and Operating Partner, signaling a major expansion of the firm’s commitment to environmental sustainability, industrial job creation, and economic development for underserved communities. The announcement was made by Don Jones, Chairman and Managing Partner of Verite Capital Partners.
Jones, who has nearly 50 years of executive leadership experience with companies such as Macy’s, IKEA, GAP, and Target, founded Verite in 2009 with a focus on scaling capital access and corporate education for diverse entrepreneurs. He serves as Chairman of the Board of Trustees at Felician University—where he received the 2024 Martin Luther King, Jr. Legacy Award for ethical leadership—and sits on the boards of Nuvance Health and Northwell Health.
Majumdar brings over 20 years of experience as President of Buffalo Biodiesel Inc., where he grew the company into a major multi-state enterprise serving over 30,000 locations and prevented significant greenhouse gas emissions through localized waste-to-energy systems. He is also the architect of ‘Project Green Logic,’ a carbon-negative industrial hub and advanced materials research center, and has engineered international waste-to-energy frameworks in Ghana, Nigeria, and Mexico.
In his new role, Majumdar will oversee an international initiative to establish more than one million green jobs globally while reducing worldwide carbon emissions by one percent, with plans to scale operations systematically. ‘The metric-driven target is to build an infrastructure capable of mobilizing 100 million individuals to secure environmental viability for subsequent generations,’ Majumdar said.
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.’ Majumdar’s integration follows a nearly two-year executive mentorship under Jones, whom Majumdar described as ‘the most ethical man I ever met.’
Verite Capital Partners, which manages $7 billion in current obligations and over $20 billion in committed investments, is uniquely positioned to deploy capital at scale. The firm’s website is https://www.veritecapitalpartners.com. Together, Jones and Majumdar aim to position Verite at the forefront of the global green transition, demonstrating that high-level corporate finance can be systematically leveraged for environmental stability and equitable global opportunity.
Majumdar’s expertise in industrial scaling, circular economy frameworks, and advanced material science will be crucial. He remains a key proponent of utilizing the GWP20 accounting standard to ensure rigorous regulatory and climate impact accuracy. The appointment reflects Verite’s institutional commitment to large-scale environmental remediation and structural protection of underserved and marginalized communities.
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