Carbon dioxide (CO2) emissions drive climate change, highlighting the need for innovative capture and conversion strategies. Catalytic hydrogenation, using affordable and abundant catalysts, offers a promising solution. In this study, we computationally evaluate, using DFT approach, iron porphyrins as potential promoters of CO2 hydrogenation, focusing on the mechanism and the influence of iron oxidation states and spin state. Our analysis reveals that iron porphyrins in the 2+ oxidation state with singlet spin exhibit the highest catalytic stability, while the 3+ state fails to complete the catalytic cycle. Moreover, the inclusion of a base, such as trimethylamine, during CO2 coordination significantly enhances the process efficiency. Our approach explored the potential energy surface associated with this mechanism. These findings offer insights into the potential of metalloporphyrins as effective catalysts for converting CO2 into valuable products.