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"Regularly performing well in worldwide livable city rankings, Vancouver has a new ambitious goal of becoming the greenest city in the world by 2020?"

  • It performs well (ranks highly) in the worldwide livable city rankings. – Jim Feb 16 at 20:49
  • The performance was good --> it performed well. I'm going from an adjective to an adverb. – aparente001 Feb 16 at 22:10
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The word "well" in this sentence is an adverb - it modifies the verb "performing" and, as Jim notes, it means that Vancouver is highly ranked as being a very livable city. (Their performance in these rankings is very good.)

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