The reduction of CO2 to formic acid by transition metal hydrides is a potential pathway to access reactive C1 compounds. To date, no kinetic study has been reported for insertion of a bridging hydride in a weak‐field ligated complex into CO2; such centers have relevance to metalloenzymes that catalyze this reaction. Herein, we report the kinetic study of the reaction of a tri(µ‐hydride)triiron(II/II/II) cluster supported by a tris(β‐diketimine) cyclophane (1) with CO2 monitored by 1H‐NMR and temperature‐controlled UV/Vis spectroscopy. We found that 1 reacts with CO2 to traverse the reported monoformate (1‐CO2) and a diformate complex (1‐2CO2) at 298 K in toluene, and ultimately yields the triformate species (1‐3CO2) at elevated temperature. The second order rate constant, H/D kinetic isotope effect, ΔH‡, and ΔS‡ for formation of 1‐CO2 were determined as 8.4(3) × 10–4 m–1 s–1, 1.08(9), 11(1) kcal mol–1, and –3(1) × 10 cal mol–1 K–1, respectively at 298 K. These parameters suggest that CO2 coordination to the iron centers does not coordinate prior to the rate controlling step whereas Fe–H bond cleavage does.