Environmental catalysts are required to operate highly efficiently under severe conditions in which they are exposed to reductive and oxidative atmospheres at high temperatures. This study demonstrates that SrFeTi O-supported Pd catalysts exhibit high catalytic activities for NO reduction with CH and CO in the presence of O, which is a model reaction for the purification of automotive exhaust gases. Catalytic activity is enhanced with increasing Ti content, and the highest activity is observed for Pd/SrFeTiO among the examined catalysts. The state of the loaded Pd species can be controlled by the Fe/(Fe + Ti) ratio in SrFeTi O, and highly active PdO nanoparticles are properly anchored on SrFeTiO. The Ti-rich Pd/SrFeTiO shows significantly higher catalytic activity and is more thermally stable than the conventional Pd/AlO, which has a high surface area. Since Fe-rich SrFeTi O has the high oxygen storage capacity, its response capabilities to atmospheric fluctuations were evaluated by changing the oxygen concentration during NO reduction. As a result, Fe-rich Pd/SrFeTiO retains its high NO-reduction activity for longer times even under oxidative conditions, when compared to SrFeO or Ti-rich Pd/SrFeTi O. The oxygen storage properties of Pd/SrFeTiO allow it to effectively act as an oxygen buffer for NO reduction. These properties ensure that the SrFeTi O support, with both high thermal stability and oxygen storage capacity, is a very useful environmental-catalyst material.