An efficient palladium catalyst supported on fibrous silica nanospheres (KCC‐1) has been developed for the hydrogenation of alkenes and α,β‐unsaturated carbonyl compounds, providing excellent yields of the corresponding products with remarkable chemoselectivity. Comparison (high‐resolution TEM, chemisorption) with analogous mesoporous (MCM‐41, SBA‐15) silica‐supported Pd nanocatalysts prepared under identical conditions, demonstrates the advantage of employing the fibrous KCC‐1 morphology versus traditional supports because it ensures superior accessibility of the catalytically active cores along with excellent Pd dispersion at high metal loading. This morphology ultimately leads to higher catalytic activity for the KCC‐1‐supported nanoparticles. The protocol developed for hydrogenation is advantageous and environmentally benign owing to the use of HCOOH as a source of hydrogen, water as a solvent, and because of efficient catalyst recyclability and durability. The recycled catalyst has been analyzed by XPS spectroscopy and TEM showing only minor changes in the oxidation state of Pd and in the morphology after the reaction, thus confirming the robustness of the catalyst.