The Times, The Guardian and Reuters reported this weekend a great news! Our petitioning and pressure worked! Benetton has released a statement agreeing to contribute to a compensation fund for victims of the Rana Plaza factory collapse in Bangladesh nearly two years after the disaster in which 1,100 people died.

In a statement on Friday, Benetton said it was working with “an independent and globally recognized third party” to work out a “fair and proportionate” compensation.

The move by the Italian fashion brand comes after more than 1 million people signed a petition on the campaigning site Avaaz in less than a fortnight calling on it to pay up. Dalia Hashad, Avaaz campaign director, said: “This is a victory for everyone around the world who wants to ensure our clothing never again costs lives. We’re hopeful Benetton will make a significant contribution so the families of Rana Plaza workers aren’t left high and dry.”

It said it would announce how much it would pay into the fund before April 24, which will mark the second anniversary of the Rana Plaza’s collapse.

Avaaz Campaign Director Dalia Hashad

We’re hopeful Benetton will make a significant contribution so the families of Rana Plaza workers aren’t left high and dry,” Avaaz campaign director Dalia Hashad said.

The Rana Plaza Donors Trust Fund, chaired by the United Nations’ International Labor Organisation (ILO), said on its website that it needed an overall $40 million to cover claims from victims and survivors.

The fund still needs $9 million to reach that amount.

“Honestly speaking I think a fair amount for Benetton would be the 9 million,” Avaaz spokesman Daniel Boese told Reuters.

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