OtherEuropean Union
Critical Raw Materials Act (Proposed Regulation COM(2023) 192)
EU Regulation (EU) 2024/1252 (Critical Raw Materials Act), in force 23 May 2024, establishing a framework for a secure and sustainable supply of critical raw materials: strategic and critical raw materials lists; 2030 Union benchmarks (extraction 10 percent, processing 40 percent, recycling 25 percent, single third country no more than 65 percent); Strategic Projects and accelerated permitting; national exploration programmes; supply monitoring and stress testing; company risk preparedness; strategic stocks and joint purchasing; circularity and recycling (incl permanent magnets); sustainability schemes; and the European Critical Raw Materials Board..
Domains
CRMA: Governance
CRMA: Sustainability and Conformity
CRMA: Circularity and Recycling
CRMA: Strategic Stocks and Joint Purchasing
CRMA: Exploration, Monitoring and Risk Preparedness
Compare Critical Raw Materials Act (Proposed Regulation COM(2023) 192)
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Frequently Asked Questions
What is Critical Raw Materials Act?
EU Regulation (EU) 2024/1252 (Critical Raw Materials Act), in force 23 May 2024, establishing a framework for a secure and sustainable supply of critical raw materials: strategic and critical raw materials lists; 2030 Union benchmarks (extraction 10 percent, processing 40 percent, recycling 25 percent, single third country no more than 65 percent); Strategic Projects and accelerated permitting; national exploration programmes; supply monitoring and stress testing; company risk preparedness; strategic stocks and joint purchasing; circularity and recycling (incl permanent magnets); sustainability schemes; and the European Critical Raw Materials Board..
How many controls does Critical Raw Materials Act have?
Critical Raw Materials Act contains 22 controls organized across 8 domains.
Where does Critical Raw Materials Act apply?
Critical Raw Materials Act is applicable in European Union. Organizations operating in or serving customers in this jurisdiction should evaluate its requirements.
How do I get started with Critical Raw Materials Act compliance?
Start by understanding the framework's key controls and domains. Our compliance platform provides AI-powered gap analysis and mapping tools to help you assess your current posture and build a remediation plan.
How ready are you for Critical Raw Materials Act (Proposed Regulation COM(2023) 192)?
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