M2 + BuddyPress Badges - Copy/Paste

Copy-Paste.php

add_action( 'bp_member_header_actions', 'membership_2_labels_bp' );

function membership_2_labels_bp() {

$api = ms_api();

$user_id = bp_displayed_user_id() ;
$member = MS_Factory::load( 'MS_Model_Member', $user_id );

	foreach ( $member->subscriptions as $subscription ) {
		    if ( ! $member->has_membership( $subscription->membership_id ) ) {
		        continue;
		    }
	    
	    $membership = $subscription->get_membership();
	    echo '<div class="memberhip-label" style="background:#B55849;color:white;text-align:center;border-radius:2px;">'.
	    		$membership->name.
	    			'</div>';
	}

}

Just copy/paste the code into the functions.php file of your child theme or a site specific plugin if you use one.