Better Health for All

AirSculpt Technologies' core business model focuses on elective cosmetic procedures, primarily body contouring, which inherently conflicts with the 'Better Health for All' value. While the company claims minimally invasive techniques, multiple malpractice lawsuits and patient complaints allege serious harm, including a patient death, scarring, and disfigurement

, , . Less than 65% of AirSculpt's doctors are board-certified, and 20% have faced disciplinary action or malpractice lawsuits , , . One FDA adverse event report details a patient experiencing significant pain and disability post-procedure . The company is accused of misleading marketing practices, including false advertising and concealing patient harm , , . These factors indicate a significant misalignment with the value, despite some claims of faster recovery times compared to traditional liposuction . The high cost of procedures ($6,500-$25,000) further limits accessibility , . Given the serious safety concerns and ethical issues, a score of -50 reflects the substantial negative impact on health and safety. The materiality analysis restricts higher positive scores. The score reflects the serious allegations and the inherent limitations of cosmetic surgery in promoting 'Better Health for All'.

Fair Money & Economic Opportunity

AirSculpt Technologies, Inc. (AIRS.US) provides body contouring procedures and is not a financial institution. The company requires 100% private pay upfront for its services

and does not offer lending or deposit services to consumers directly. Its profit reinvestment is allocated to general corporate purposes, including working capital, acquisitions, and debt retirement. The company does not generate or manage customer financial data, nor does it provide debt products or financial education programs. While AIRS.US assists patients in securing third-party financing , it is not regulated as a lender and does not have a fair-lending history. Therefore, KPIs related to financial products, lending practices, and financial inclusion are not applicable to the company's direct operations.

Fair Pay & Worker Respect

None of the company's employees are represented by a collective bargaining agreement.

The company has faced numerous ethical and regulatory issues, including management encouraging employees to create fake emails for reviews and employees being informed they cannot question provider orders even if it puts patients in unsafe situations. The company's founder faced regulatory actions for performing surgeries without a license and for unprofessional conduct, and was sanctioned for misleading advertisements. A surgeon operating for the company had his license revoked in 2021 for operating while in opioid withdrawal and violated probation in 2022. Additionally, the company failed to disclose paid endorsements, violating FTC rules , and has been subject to at least seven patient lawsuits since March 2023 alleging misleading advertising or misrepresenting results. Employee overall satisfaction ratings average approximately 50.4 out of 100 across various platforms. Approximately 18.69% of the workforce consists of surgeons on independent contractor agreements who do not participate in the company's benefits structure. Approximately 81.31% of the workforce receives employer-funded health insurance.

Fair Trade & Ethical Sourcing

AirSculpt Technologies, Inc. provides body contouring procedures, which is a service-based business. The provided articles contain no specific quantitative data for AIRS.US regarding fair-trade certifications, supply chain audit frequency, forced or child labor incidents, supply chain traceability, remediation speed for violations, ethical clause coverage in supplier contracts, materials risk, or supplier diversity spend.

, , , , While the company's Code of Business Conduct and Ethics emphasizes ethical conduct and legal compliance, and includes an Anti-Corruption Policy for third parties , no quantifiable information is available to assess the company against the specified KPIs, nor does its business model typically involve the physical commodity supply chains these KPIs are designed to measure.

Honest & Fair Business

The company is under investigation for potential securities law violations, following allegations of misrepresentation, including concerning a patient death, using employees to pose as patients in online reviews, and employing doctors with questionable credentials.

This led to a significant share price drop of over 30% on February 23, 2024. Regarding governance, five of the seven board members are independent under Nasdaq's definition, representing approximately 71.4% of the board. The company has an established Whistleblower Policy that allows for anonymous complaints, prohibits retaliation against employees reporting violations, and states that reports are investigated promptly and with confidentiality. The audit committee is responsible for developing procedures for employees to submit concerns anonymously about questionable accounting or audit matters. The company and its subsidiaries state they comply with applicable anti-corruption laws and have instituted and maintained policies and procedures designed to promote and achieve compliance, with the Anti-Corruption Policy specifically addressing gifts and entertainment for government officials and non-governmental third parties. No regulatory fines have been mentioned in the past three years, and no stop order or proceedings by the Commission are pending or threatened. Recent filings indicate no financial restatements requiring a recovery analysis of incentive-based compensation. Grant Thornton LLP serves as the independent registered public accounting firm, and the company is accredited by The Joint Commission.

Kind to Animals

AirSculpt Technologies, Inc. provides human aesthetic services, specifically body contouring procedures.

The company's business model does not involve products, animal testing, animal-derived ingredients, animal husbandry, or operations that directly impact wildlife habitats. One article explicitly states that the company has "No Animal Exploitation." Therefore, all key performance indicators related to animal welfare, testing, sourcing, and conservation are not applicable to its operations.

Planet-Friendly Business

No environmental compliance violations were mentioned in the provided articles

. The company is subject to numerous environmental, health and safety laws and regulations, and must maintain licenses or permits .

Respect for Cultures & Communities

The company is suggested to lack a social license to operate due to allegations of patient harm, false advertising, and unethical practices

, including a patient death in October 2022 where an AirSculpt procedure was listed as the cause . In response to being questioned about false advertising, the company attempted to retroactively add disclosures and deleted videos . While general grievance mechanisms are available, including a contact email , physical addresses for inquiries , and an internal whistleblower policy for reporting code violations ,6, a private Facebook group named 'Elite Body Sculpture/Airsculpt Victims' with over 250 members seeking a class action lawsuit suggests a lack of effective internal mechanisms for community concerns . No specific tracking of community complaint resolution times is mentioned. The company's privacy notice is available in English . The company's business model does not inherently involve formal partnerships with indigenous or local community groups, nor does it typically impact cultural sites or require FPIC processes, or specific cultural preservation funding, or community representation on governance bodies, or specific indigenous suppliers, or community fund distributions, or cultural sensitivity training.

Safe & Smart Tech

AirSculpt Technologies, Inc. implements strong authentication security with Multi-factor Authentication (MFA) mandatory throughout its IT environment.

The company offers comprehensive user data control options, including rights to access, delete, correct, and opt-out of data sharing for residents across multiple US states, Canada, the UK, and the EEA, and honors Global Privacy Control (GPC) signals. It maintains a strong regulatory compliance program, adhering to privacy regulations in these jurisdictions, including the Payment Card Industry Data Security Standard (PCI DSS) and California's "Shine The Light" law, and utilizes European Commission’s Standard Contractual Clauses for international data transfers. The company's cybersecurity program is aligned with the National Institute of Standards and Technology (NIST) Cybersecurity Framework. Security measures include managed Enterprise Detection and Response (EDR) software with external Security Operations Center (SOC) real-time monitoring, Email Data Loss Prevention (DLP), Managed Detection and Response (MDR) for Local Area Network (LAN) monitoring, and Mobile Device Management (MDM) software for laptops and mobile endpoints. Daily cloud backups are performed with regular testing. Regular vulnerability scans, penetration tests, and threat intelligence feeds are conducted by a third-party Managed Service Provider, and the overall program effectiveness is tested through internal and external assessments. The Board of Directors oversees cybersecurity through its Audit subcommittee, which receives reports from a CIO with over 30 years of IT experience and a Ph.D. in Cybersecurity Management. The Audit Committee Chair holds a Certification in Cybersecurity Oversight. The company voluntarily seeks accreditation from The Joint Commission for all its U.S. centers. It practices data minimization by avoiding requests for additional information for verification where possible and retaining personal data only for ongoing legitimate business needs, deleting or de-identifying it otherwise. No documented data breaches or incidents of unauthorized data use have been reported.