A novel composite cementitious material was constructed by synergistically utilizing multiple industrial solid wastes, including electrolytic manganese residue (EMR), red mud (RM), and ground granulated blast furnace slag (GGBS), with calcium hydroxide [Ca(OH)2] as an alkaline activator. In addition, the mechanical properties of the composite cementitious materials were systematically analyzed under different raw material ratios, alkali activator dosages, and water-binder ratios. To further investigate the hydration products and mechanisms of the composite cementitious material, characterization methods, for instance, XRD, FT-IR, SEM-EDS, and TG-DTG, were employed to characterize the materials. To ensure that the composite cementitious material does not cause additional environmental pressure, it was analyzed for toxic leaching. The relevant experimental results indicate that the optimal ratio of the EMR-RM-GGBS-Ca(OH)2 components of the composite cementitious material is EMR content of 20%, RM content of 15%, GGBS content of 52%, calcium hydroxide as alkali activator content of 13%, and water-binder ratio of 0.5. Under the optimal ratio, the composite cementitious material at 28 days exhibited a compressive strength of 27.9 MPa, as well as a flexural strength of 7.5 MPa. The hydration products in the as-synthesized composite cementitious material system primarily encompassed ettringite (AFt) and hydrated calcium silicate (C-S-H), and their tight bonding in the middle and later curing stages was the main source of engineering mechanical strength. The heavy metal concentrations in the 28-day leaching solution of the EMR-RM-GGBS-Ca(OH)2 composite cementitious material fall within the limits prescribed by the drinking water hygiene standard (GB5749-2022), indicating that this composite material exhibits satisfactory safety performance. To sum up, it is elucidated that the novel process involved in this research provide useful references for the pollution-free treatment and resource utilization of solid wastes such as red mud and electrolytic manganese residue in the future.