Neutral zinc complexes supported by H[PNNO], a diaminophenolate ligand bearing a pendant phosphine group, were synthesized and characterized. The phosphine arm adopts two different configurations in solution and prevents aggregation. The monomeric zinc hydride complex is stable at elevated temperatures up to 125 °C and reacts readily with CO2 to afford a zinc formate complex. The zinc hydride is active for CO2 hydrosilylation at atmospheric CO2 pressure and is selective for CO2 reduction to the silyl-formate product.