Reconstructing the Puzzle: Impact, Inquiry, and the Craft of Sustainable Consulting

When I wrote my first reflection, I was just beginning to understand the practical meaning of 'impact'...

By
Elaine
December 02, 2025

When I wrote my first reflection, I was just beginning to understand the practical meaning of 'impact'. Back then, impact felt abstract, hiding behind technical reporting metrics and policy debates. As this consulting journey deepens, that concept is undergoing a continual reconstruction. Impact now feels much more lived and complex.

Early in this project, I realized that good consulting is not a linear process; it is a messy, evolving puzzle. Our mandate was to map the sustainable finance landscape, benchmark practices, and synthesize lessons for a local context. What appeared as a clear outline on our working plan quickly shattered into dozens of smaller problems: incomplete sector data, ambiguous regulations, and lessons buried in project documents. It was intimidating, sometimes even discouraging.

What helped was embracing the 'puzzle' nature of consulting. I now see every engagement as revealing another piece of the broader picture, whether it is with a peer, a senior stakeholder, or a new publication. Some engagements fit neatly, answering the questions we have immediately, while others require discussion, reflection, or the integration of new perspectives. The scope of the problem is always shifting, which often feels like you are never truly finished. Instead, you keep advancing toward a more coherent and actionable picture.

The Importance of 'Why'

With technical and academic training, I had internalized the habit of rapid problem solving. I see a framework, find the answer, and move on. In this project, that routine was challenged constantly. At every step, whether mapping players, reviewing regulations, or inventorying market activities, a persistent 'why' surfaced. Why does a green bond framework matter more to local banks than international recognition? Why prioritize policy incentives in agricultural lending over insurance products? Why is this country not ready for the European Union approach?

Each answer required going beyond surface compliance and into the logic of actual behavior. I began to realize that in consulting, it is not enough to know the facts; you must be able to explain them and, when necessary, reframe them. My peers and I questioned our assumptions and pushed ourselves to ask 'why' about each analytic finding. Stakeholder conversations often forced us to backtrack and see the story through a different lens. This constant digging reminded me that robust conclusions emerge from tough, iterative inquiry rather than quick consensus.

The Power of Storytelling

Another evolution in this project has been learning the vital role of storytelling in consulting. As we assembled research memos and early presentations, it became clear that stringing together facts was not enough. People engage with stories, not spreadsheets. This is especially true in sustainable finance, where motivation and context shape the meaning of every number. Turning abstract information into compelling narratives became essential.

For example, simply stating that 'the country prioritizes energy and infrastructure lending over insurance products' is weak. But tracing that priority back to historical and social norms increases both understanding and urgency. I began to see storytelling not as an embellishment, but as a vehicle for insight. If we want our recommendations to resonate, we must help the audience feel why change matters.

Engagement: Unlocking Blind Spots and Building Insight

Working on this project changed my perception of engagement from a soft skill into an essential practice. Team collaboration helped our group see around corners. There were moments of groupthink, and challenging each other’s assumptions sometimes slowed us down, but it consistently sharpened our work. Engagement with peers outside our core team became an unexpectedly rich source of blind spot detection. Occasionally, someone encouraged us to prioritize several deep findings rather than many shallow ones. That suggestion ultimately shifted our approach and strengthened our scope. It also helped my teammates and me see more clearly where we were heading next.

Stakeholder interviews reshaped my understanding of impact. I learned the importance of asking the right questions and knowing where to probe. Research shows that effective stakeholder engagement is not passive listening. It requires targeted inquiry and active challenge to uncover strategic ESG risks and opportunities (Dolan and Barrero Zalles, 2022). Sometimes, genuine insight comes from observing which topics trigger reactions or discomfort. True impact in sustainable finance is not about checking boxes; it is about probing deeply enough to reveal the problems and opportunities that people experience. This approach is increasingly recognized as essential for robust ESG analysis and investment decision making (Edmans, Gosling, and Jenter, 2024).

Deepening My Reflection after the First Blog Post

If my first reflection was about moving from numbers to narratives, this one is about realizing that impact itself is collaborative. I once saw impact as a result in a formula: a clean metric, a case study, a completed deal. Now I see it as something negotiated, built from diverse priorities, constraints, and aspirations. It is not only about giving insights and recommendations. It is also about whether change takes root among stakeholders and whether the recommendations make sense for the ecosystem. It requires being willing to revise and even challenge your consulting narrative when engagement reveals an inconvenient truth.

As this project comes to an end, I am determined to keep practicing the messy, iterative craft of consulting. I want to get better at asking 'why' and at weaving stories that inspire action. I want to engage more deeply with teammates and stakeholders, knowing now how essential this is to avoid blind spots. I still find it challenging to choose the right pieces of the consulting puzzle, but my practice is already more thoughtful, grounded, and impactful than when I began.

References

Dolan, C., and Barrero Zalles, D. (2022). Transparency in ESG and the Circular Economy: Capturing Opportunities Through Data. Business Expert Press.

Edmans, A., Gosling, T., and Jenter, D. (2024). Sustainable Investing: Evidence From the Field. London Business School, London School of Economics, CEPR, and ECGI.