In the development of alternatives to the traditional catalytic hydrogenation of CO 2 with gaseous H 2 , employing nongaseous H 2 storage compounds as potential reductants for catalytic transfer hydrogenation of CO 2 is promising. Ammoniaborane, due to its high hydrogen storage capacity (19.6 wt %), has been used for catalytic transfer hydrogenation of several organic unsaturated compounds. However, a similar protocol involving catalytic transfer hydrogenation of less reactive CO 2 with NH 3 BH 3 is yet to be realized experimentally. Herein, we demonstrate the first catalytic CO 2 transfer hydrogenation process for generating formate salt with NH 3 BH 3 under ambient conditions (1 atm and 30 °C) employing a cationic "Ir(III)-abnormal NHC" catalyst via an electrophilic NH 3 BH 3 activation route. It exhibited an initial turnover frequency of 686 h −1 and a high turnover number (TON) of ≈1300 in just 4 h. Most significantly, the catalyst was durable enough to maintain long-term activity, and upon only periodic recharging of NH 3 BH 3 , it furnished a total TON of >4200 in 10 h.