The ternary copolymerization of a series of cyclic anhydrides with epoxides and carbon dioxide using dinuclear [OSSO]‐type chromium (III),1, and ‐iron(III), 2, complexes (0.1 mol%) in combination with (bis(triphenylphosphine)iminium chloride) (PPNCl, 0.5‐1.0 mol with respect to catalyst) as co‐catalyst is reported in this study. The results have yielded copolymers with polyester and polycarbonate segments with high molecular weights and narrow dispersity. The catalytic systems 1‐2/PPNCl were tested in the copolymerization of different epoxides, such as propylene oxide (PO), cyclohexene oxide (CHO), and vinylcyclohexene oxide (VCHO), with a variety of cyclic anhydrides, such as phthalic (PA), diglycolic (DGA) and succinic (SA), with CO2 pressure of 20 bar, temperature range of 45‐80 °C in 24 h. Anhydride reaction, affording the polyester segments, exceeded the conversion of 99% in all the explored cases. On the other hand, in the case of epoxide copolymerization with CO2, for the propylene oxide (PO) reaction, the selectivity towards polypropylene carbonate (PPC) without polyether linkage consistently was >99%. For the terpolymerization of PO, CO2 and diglycolic anhydride (DGA), a notable epoxide conversion of 86%, selectively to polycarbonate, with TOF value as high as 36 h‐1, was achieved.