“…Therefore, organisations have the opportunity to address sustainable development while improving efficiency, reducing costs, increasing innovation rate, and enhancing profitability (Koo et al 2013;Schaltegger, and Wagner, 2006). In this regard, one can argue that increases in the extent of sustainability practices will lead to increased economic performance (Wagner, 2010), increased innovation performance (Rennings et al, 2006), increased environmental performance (Wagner and Schaltegger, 2004), increased social performance (Weber, 2008) and increased quality performance (Corbett and Klassen, 2006). Drawing on the theoretical underpinnings of exploitation and exploration, this study implies that both specific competencies and capabilities matter in ensuring that sustainability efforts contribute to the overall organisational performance.…”