What does large company mean?
Large company is a CRMA threshold term. It helps identify which undertakings may fall into specific critical-raw-material supply-chain, risk-preparedness, governance, or reporting contexts, but it should not be treated as a general EU company-size definition for every sustainability or product law.
Source context
The EU Critical Raw Materials Act defines large company in Article 2, point 29. The threshold combines employee count and net worldwide turnover, so both parts of the definition matter when mapping CRMA applicability.
Official definitions by source
EU Critical Raw Materials Act
Regulation (EU) 2024/1252 establishing a framework for ensuring a secure and sustainable supply of critical raw materials
a company with more than 500 employees on average and a net worldwide turnover of more than EUR 150 million in the most recent financial year for which annual financial statements have been prepared
CRMA Article 2 source-specific definition layer.
Reference: Article 2, point 29
View official source
Practical application
In evidence workflows, this term is useful when deciding whether a company-size threshold is part of the CRMA analysis. The relevant evidence may include headcount averages, net worldwide turnover, financial-year timing, and the prepared annual financial statements used as the reference point.
Minespider commentary
Company-size terms can be misleading when they are treated as generic labels. For Minespider, large company is most useful as a scope and applicability filter: it helps connect corporate identity and financial-year evidence to CRMA supply-risk or governance questions without certifying that a company complies with the wider regulation.
Common confusions
- Treating the CRMA large-company threshold as interchangeable with SME or large-undertaking definitions from other EU laws.
- Looking only at employee count and ignoring the EUR 150 million net worldwide turnover threshold.
- Assuming the label says anything by itself about supply-chain risk, conformity assessment, or compliance status.
Related regulations
Related terms