A large company may take the risk assessment to its own board, with the sources, the risks found and the mitigation planned -- and does not have to unless its Member State requires it.

Large companies identified under Art. 24(1) are given a right, and this is law in force.

Why it matters

This is law in force, not a proposal.

It is Art. 24(5), in the Critical Raw Materials Act. as of 2026-08-18
The act gives its timing as: From entry into force, 23 May 2024 (Art. 49(1)). as of 2026-08-18
It names 4 industries by name: Batteries and solar, Clean tech, Automotive and Aviation. as of 2026-08-18
Compliance is checked by self-declaration, every three years. as of 2026-08-18

Addressee Large companies identified under Art. 24(1)Act Regulation (EU) 2024/1252, consolidated 03.05.2024Article Art. 24(5)Class Businesses

The rule

New — no predecessor

Trigger

completion of the Art. 24(2) assessment

Entitlement

A large company may take the risk assessment to its own board, with the sources, the risks found and the mitigation planned -- and does not have to unless its Member State requires it.

Who is affected

Addressee

Large companies identified under Art. 24(1)

Class

Businesses

Sectors

Names Batteries and solar, Wind, heat pumps, hydrogen, Automotive, Aviation · Reaches Waste and landfill, Aluminium and metals, Steel

Applies

From entry into force, 23 May 2024 (Art. 49(1))

Burden drivers

No burden drivers recorded on this provision.

Source text

Verbatim

Large companies as referred to in paragraph 1 may present a report to their board of directors containing the results of the risk assessment referred to in paragraph 2

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