Hydroboration and hydrogenation reductions of CO 2 catalyzed by a porphyrinoid-based dimagnesium(I) electride (Mg 2 EP) were investigated by density functional theory calculations. Herein, the presence of potentially excess electrons located at the Mg−Mg bond endows Mg 2 EP with the ability to activate small molecules such as CO 2 , HBpin, and H 2 , thus opening up the possibility for further CO 2 conversion. The Mg 2 EP-catalyzed hydroboration of CO 2 to HCOOBpin is predicted to have relatively higher activity in comparison to the hydrogenation reduction to formic acid (HCOOH). Interestingly, the common solvent molecule tetrahydrofuran as an auxiliary can coordinate with the Mg center to effectively weaken the bonding interaction between the dimagnesium center and the intermediate species from the CO 2 conversion, thereby promoting the catalytic cycle for the CO 2 hydroboration. The present results suggest that the electride Mg 2 EP is promising for the molecular catalyst in the CO 2 transformation.