This study presents an integrated approach combining environmental risk assessment and experimental performance evaluation for asphalt production plants incorporating reclaimed asphalt pavement (RAP). Unlike previous studies, which focus separately on mechanical performance or environmental impact, our methodology applies a semi-quantitative Environmental Impact Score (EIS), calculated using legal requirements (L), pollutant characteristics (P), and control measure effectiveness (C). The EIS framework is based on ISO 14001 and ISO 31000 principles. The results indicate that significant impacts are mainly associated with high-temperature processes and hazardous materials, while mitigation measures effectively reduce residual risks. The experimental investigation compared conventional asphalt mixtures with mixtures containing 9.71% RAP across different bitumen contents. Key quantitative findings include a 3-point increase in EIS for RAP mixtures due to higher volatile organic compound (VOC) emissions and a 3–8% improvement in Marshall stability and stiffness at lower bitumen contents (3.8–4.2%). The results demonstrate that RAP can enhance mechanical performance while supporting circular economy objectives, provided that environmental risks are actively managed through process control and mitigation measures. This work highlights the novel integration of quantitative environmental scoring with laboratory validation, providing a reproducible framework for sustainable and risk-informed asphalt production.