Corporate Sustainability (CS) and Organisational Ambidexterity (OA) are two aspects that are capable of facilitating innovation in business. Though the concepts have been elaborately discussed separately, attempts are yet to be made to find out the association between them and blending of the two. Both CS and OA gathered the attention of social scientists and management experts only recently. However, within a short span of a few decades there has been sufficient accumulation of literature in these challenging areas. While CS involves a host of actions by which organizations strive for financial success, even as they accept the responsibility for their actions and its impacts on a diverse group of stakeholders; OA is the ability of an organisation to simultaneously explore and exploit, enabling it to succeed at adaption over time rather than pursing limited activities. The present paper attempts to find out the similarities and associations between CS and OA. It is expected, that the present work will add to the existing body of literature about the two concepts, and provide inputs for further research in this new and exciting area.