Only way to know for sure, is to remove the four rivets and see what you have behind the plastic badge .
Possibly could be a brass plug that is placed in a passageway that was drilled in the carb body has come loose .
I just went out to look at the left carb on my '81 R65, there is a hole at the backside of the plate at the lower right side, if I'm not mistaken, this is the vent for the float bowl .
If there is fuel coming out of this hole, the float bowl is overfilling with fuel .
The float needle valve is not shutting off fuel when it should .
Deformed rubber tip on the valve, debris caught on the sealing area, or possibly a heavy foam float that has absorbed fuel .
Barry beat me to it

, I had to go in the parking lot at work and look at the bike