EU policy recommendations ExxonMobil supports a market- and science-based approach to European policy. Life-cycle thinking will continue to drive innovation, and should also drive policy. Free market, level playing field, market solutions Industry is a reliable innovator and steers resources towards the most effective use. Subsidies and public funding should be limited at the pre-competitive phase to promote the emergence of businesses that can survive independently in the long run. Policies and incentives should be revenue neutral, promoting technology neutrality. Clear and reasonable regulatory framework Industry needs unambiguous requirements placed on the appropriate actors in the value chain, and stakeholder engagement input should be ensured when developing or updating regulatory requirements. Science-based policy Environmental impacts should be analyzed over the while life cycle of a product, and resource saving during the product use cycle should also be recognized. Retaining flexibility to select the most appropriate waste management option based on life-cycle thinking is also important; as is implementation of a risk-based approach to management of materials containing substances with hazardous properties. Appropriate cost/benefit considerations Changes to product features (e.g. durability, recyclability, affordability) need to be cost-effective across the whole life cycle. Existing recovery systems should be optimized before considering additional Extended Producer Responsibility (EPR) measures. EPR requirements should be limited to only aspects that the producer can control and therefore directly influence.